Funding you earn now, next payment 00:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.008%
Price spread now: OKX against Gate−0.028%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$360.365% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.028%, 7d avg +0.001%
=Funding pays, the price is against you. OKX is 0.029% cheaper against Gate than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.001%). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.017% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HYPE_USDT | 93.418 | 0.0018 | pay 0.0009% / 4h | 2h 49m | $44.2M | $56.2M | 75x |
| Short | OKX HYPE-USDT-SWAP | 93.392 | 0.0100 | get 0.0100% / 8h | 2h 49m | $114.8M | $316.4M | 50x |
Gate HYPE_USDT
OKX HYPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $17.22
- Price spread: −0.028% → +0.001%
- −$2.86
- Slippage, 4 orders
- −$11.5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$22.14
- Costs to cover
- 0.365%
- Break-even
- 16.0 days
Slippage from Gate: live order book, 4 min ago; OKX: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 4 min ago | 0.05 bp | 10.1 bp −$10 | 13.3 bp −$133 | 29.0 bp −$2,897 | 50.6 bp −$25.3K |
| Sell OKX live order book, 5 min ago | 0.05 bp | 6.3 bp −$6 | 9.6 bp −$96 | 19.5 bp −$1,950 | doesn't fit |
HYPE on 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1280% | 1h | 93.248 | −0.182% | $197K | $233K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0186% | 1h | 93.210 | −0.223% | $700K | $943K | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0136% | 1h | 93.337 | −0.087% | $22K | $22K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.419 | +0.001% | $89K | $344K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.380 | −0.041% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0034% | 1h | 93.332 | −0.092% | $113K | $583K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.407 | −0.011% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.446 | +0.030% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.441 | +0.025% | $23K | $343K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.398 | −0.021% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0010% | 4h | 93.429 | +0.012% | $8.9M | $36.3M | 300x | as long as short |
| Derive HYPE-PERP | +0.0017% | 1h | 93.309 | −0.117% | $16.4M | $7.1M | 10x | as long as short |
| Gate HYPE_USDTlong | +0.0018% | 4h | 93.418 | long leg | $44.2M | $56.2M | 75x | |
| Bybit HYPEUSDT | +0.0041% | 8h | 93.390 | −0.030% | $325.6M | $288.3M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.408 | −0.011% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0076% | 4h | 93.370 | −0.051% | $180K | $536K | 20x | as long as short |
| ApeX Omni HYPEUSDT | +0.0092% | 1h | 93.318 | −0.107% | $405K | $1.1M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.443 | +0.026% | $18.5M | $59.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.467 | +0.052% | $3.1M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.399 | −0.020% | $56K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.420 | +0.002% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.398 | −0.021% | $6.0M | $44.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.462 | +0.047% | $2.03B | $668.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.432 | +0.015% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.419 | +0.001% | $386.3M | $890.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAPshort | +0.0100% | 8h | 93.392 | −0.028% | $114.8M | $316.4M | 50x | |
| Arcus HYPE-USD | +0.0100% | 1h | 93.383 | −0.037% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | −0.088% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.391 | −0.029% | $92.5M | $81.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.409 | −0.010% | $46.3M | $19.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.404 | −0.015% | $226.9M | $102.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.399 | −0.020% | — | $54.5M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.384 | −0.036% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.295 | −0.131% | $28.8M | $49.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.336 | −0.088% | $7.5M | $46.2M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.344 | −0.079% | $675K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.438 | +0.021% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.428 | +0.011% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.366 | −0.056% | $76K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.389 | −0.031% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.342 | −0.081% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.346 | −0.077% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.427 | +0.010% | $339K | $171K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.386 | −0.034% | $18.4M | $41.0M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.361 | −0.061% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0113% | 4h | 93.276 | −0.152% | $5.1M | $29.5M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.420 | +0.002% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.392 | −0.027% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.230 | −0.201% | $30K | $231K | 12x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0285% | 1h | 93.449 | +0.033% | $7.4M | $4.6M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.390 | −0.030% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.295 | −0.132% | $17.1M | $12.5M | 75x | as long as short |
| HTX HYPE-USDT | +0.0403% | 4h | 93.550 | +0.141% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.466 | +0.051% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.446 | +0.030% | $19.2M | $25.8M | 50x | as long as short |
Aster HYPEUSDT
Derive HYPE-PERP
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
ApeX Omni HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD