Funding you earn now, next payment 20:36 UTC−0.0441%/8h= −48.3% APRpaid last 24h −0.055%
Price spread now: Perpl against HTX−0.203%49s7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.190%−$19 on $10k
+Price spread, last 3 days (all we have)+0.457%+$46 · spread now −0.203%, 7d avg −0.034%
=Together, before fees+0.267%+ Points / potential airdropPerpl: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Perpl is 0.169% cheaper against HTX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.034%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.190% in total (about -9.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX HYPE-USDT | 93.450 | 0.0441 | pay 0.0221% / 4h | 2h 57m | $1.5M | $7.6M | 75x |
| Short | Perpl HYPE | 93.260 | 0 | get 0.0000% / 43m | 1m 18s | $24K | $343K | 10x |
HTX HYPE-USDT
Perpl HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl against HTX. 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
- −$92.63
- Price spread: −0.203% → −0.034%
- −$16.91
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$135.34
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 2 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 HTX live order book, 2 min ago | 0.05 bp | 9.9 bp −$10 | 15.4 bp −$154 | 42.5 bp −$4,247 | doesn't fit |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1360% | 1h | 93.304 | −0.156% | $197K | $239K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0175% | 1h | 93.260 | −0.203% | $700K | $952K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 93.315 | −0.144% | $89K | $340K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.318 | −0.141% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0078% | 1h | 93.364 | −0.092% | $22K | $22K | 10x | as long as short |
| SoDEX HYPE-USD | −0.0003% | 1h | 93.247 | −0.217% | $2.0M | $2.0M | 10x | as long as short |
| Gate HYPE_USDT | −0.0002% | 4h | 93.291 | −0.170% | $44.1M | $56.1M | 75x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.341 | −0.117% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.452 | +0.002% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPEshort | 0.0000% | 43m | 93.260 | −0.203% | $24K | $343K | 10x |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
SoDEX HYPE-USD
Gate HYPE_USDT
dYdX HYPE-USD
Kalshi KXHYPEPERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.334 | −0.125% | $20K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0005% | 4h | 93.331 | −0.127% | $8.9M | $36.5M | 300x | as long as short |
| Popdex HYPEUSDT | +0.0016% | 1h | 93.305 | −0.155% | $56K | $1.2M | 50x | as long as short |
| Bybit HYPEUSDT | +0.0041% | 8h | 93.290 | −0.171% | $325.2M | $289.5M | 75x | as long as short |
| Derive HYPE-PERP | +0.0058% | 1h | 93.260 | −0.203% | $16.4M | $7.1M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0078% | 4h | 93.315 | −0.144% | $180K | $537K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0079% | 1h | 93.301 | −0.159% | $76K | $168K | 20x | as long as short |
| Bullet HYPE-USD | +0.0087% | 1h | 93.302 | −0.158% | $112K | $583K | 20x | as long as short |
| Phoenix HYPE | +0.0094% | 1h | 93.444 | −0.006% | $216K | $1.1M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.343 | −0.114% | $18.6M | $58.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.318 | −0.141% | $3.1M | $12.3M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.360 | −0.096% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.278 | −0.185% | $6.0M | $44.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.381 | −0.074% | $2.03B | $674.0M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.299 | −0.162% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.295 | −0.166% | $386.1M | $893.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.279 | −0.183% | $114.7M | $316.9M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.269 | −0.194% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.386 | −0.068% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.347 | −0.110% | $92.2M | $81.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.328 | −0.131% | $46.3M | $19.6M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.312 | −0.148% | $226.7M | $102.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.301 | −0.159% | — | $54.5M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.286 | −0.175% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.466 | +0.018% | $28.9M | $50.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.403 | −0.050% | $7.5M | $46.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.402 | −0.051% | $405K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.364 | −0.092% | $675K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.359 | −0.097% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.355 | −0.102% | $493K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.291 | −0.170% | $32K | $1.6M | 20x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.290 | −0.171% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0101% | 8h | 93.309 | −0.151% | $339K | $171K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.267 | −0.196% | $18.4M | $41.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.318 | −0.141% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 93.382 | −0.072% | $5.1M | $29.4M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.380 | −0.075% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0244% | 1h | 93.311 | −0.148% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.220 | −0.246% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0165% | 1h | 93.331 | −0.127% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.363 | −0.093% | $17.2M | $12.7M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0371% | 1h | 93.414 | −0.039% | $7.4M | $4.6M | 50x | as long as short |
| HTX HYPE-USDTlong | +0.0441% | 4h | 93.450 | long leg | $1.5M | $7.6M | 75x | |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.379 | −0.077% | $2.7M | $6.9M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.388 | −0.067% | $18.7M | $24.8M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Popdex HYPEUSDT
Bybit HYPEUSDT
Derive HYPE-PERP
Orderly PERP_HYPE_USDC
Bluefin HYPE-PERP
Bullet HYPE-USD
Phoenix HYPE
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
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
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
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
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD