Funding you earn now, next payment 03:48 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.012%
Price spread now: Perpl against Gate−0.002%7-day average +0.035% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)+0.426%+$43 · spread now −0.002%, 7d avg +0.035%
=Together, before fees+0.364%+ Points / potential airdropPerpl: Active · farm board+$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.037% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HYPE_USDT | 92.757 | 0.0100 | pay 0.0050% / 4h | 5m 05s | $44.5M | $55.4M | 75x |
| Short | Perpl HYPE | 92.755 | 0 | get 0.0000% / 43m | 19m 05s | $22K | $302K | 10x |
Gate HYPE_USDT
Perpl HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$21
- Price spread: −0.002% → +0.035%
- −$3.7
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$53.5
- Costs to cover
- 0.288%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 4 min ago; Perpl: no order-book sample. Net counts fees only.
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 | 0.65 bp | 10.3 bp −$10 | 16.6 bp −$166 | 33.9 bp −$3,394 | 58.7 bp −$29.3K |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.734 | −0.025% | $1.1M | $3.9M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0344% | 1h | 92.733 | −0.026% | $194K | $227K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0260% | 1h | 92.749 | −0.008% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.756 | −0.001% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0065% | 4h | 92.758 | +0.001% | $157K | $660K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0008% | 1h | 92.798 | +0.044% | $86K | $361K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.787 | +0.032% | $127K | $29K | 5x | as long as short |
| Perpl HYPEshort | 0.0000% | 43m | 92.755 | −0.002% | $22K | $302K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.807 | +0.054% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0028% | 8h | 92.773 | +0.017% | $12.5M | $2.7M | 50x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
gTrade (Gains Network) HYPE/USD
Phemex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet HYPE-USD | +0.0029% | 1h | 92.771 | +0.015% | $111K | $579K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0034% | 1h | 92.710 | −0.051% | $697K | $1.1M | 10x | as long as short |
| BingX HYPE-USDT | +0.0036% | 4h | 92.769 | +0.013% | — | $53.5M | — | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.755 | −0.002% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0046% | 8h | 92.766 | +0.010% | $316.6M | $281.0M | 75x | as long as short |
| Aster HYPEUSDT | +0.0055% | 4h | 92.776 | +0.020% | $8.7M | $36.1M | 300x | as long as short |
| Bitget HYPEUSDT | +0.0092% | 4h | 92.775 | +0.019% | $224.5M | $98.6M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0092% | 4h | 92.729 | −0.030% | $4.9M | $29.5M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 92.808 | +0.055% | $339K | $163K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0096% | 8h | 92.787 | +0.032% | $113.8M | $303.6M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.801 | +0.047% | $16.1M | $62.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.809 | +0.056% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.776 | +0.020% | $69K | $1.1M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.740 | −0.018% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.772 | +0.016% | $7.2M | $45.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.832 | +0.081% | $2.02B | $663.0M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.805 | +0.052% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.791 | +0.037% | $372.8M | $902.1M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.760 | +0.003% | $202K | $13K | 10x | as long as short |
| Gate HYPE_USDTlong | +0.0100% | 4h | 92.757 | long leg | $44.5M | $55.4M | 75x | |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.779 | +0.024% | $88.1M | $81.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.790 | +0.036% | $46.1M | $18.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.775 | +0.019% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.689 | −0.074% | $28.5M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.776 | +0.020% | $7.5M | $46.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.721 | −0.039% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.694 | −0.068% | $666K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.818 | +0.066% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.806 | +0.053% | $468K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.778 | +0.023% | $79K | $169K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.759 | +0.003% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.753 | −0.004% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.779 | +0.024% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.883 | +0.136% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.763 | +0.007% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.786 | +0.031% | $392K | $164K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 93.000 | +0.262% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.820 | +0.068% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0229% | 8h | 92.832 | +0.081% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0263% | 1h | 92.769 | +0.013% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.795 | +0.041% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0331% | 1h | 92.849 | +0.099% | $20.6M | $30.4M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.780 | +0.025% | $16.8M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0407% | 1h | 92.882 | +0.135% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.848 | +0.098% | $3.2M | $6.4M | 20x | as long as short |
Bullet HYPE-USD
Ondo Perps HYPE-USD.P
BingX HYPE-USDT
Phoenix HYPE
Bybit HYPEUSDT
Aster HYPEUSDT
Bitget HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC