Funding you earn now, next payment 01:38 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.065%
Price spread now: Perpl against Hyperliquid−0.036%7-day average −0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.218%−$22 on $10k
+Price spread, last 4 days (all we have)+1.312%+$131 · spread now −0.036%, 7d avg −0.033%
=Together, before fees+1.094%+ Points / potential airdropHyperliquid: Season 2 · Perpl: Active · farm board+$109 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HYPE | 93.683 | 0.0100 | pay 0.0013% / 1h | 11m 36s | $2.05B | $666.4M | 10x |
| Short | Perpl HYPE | 93.650 | 0 | get 0.0000% / 43m | 16m 36s | $22K | $325K | 10x |
Hyperliquid HYPE
Perpl HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl against Hyperliquid. 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: −0.036% → −0.033%
- −$0.27
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$44.07
- Costs to cover
- 0.228%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 13 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 Hyperliquid live order book, 13 min ago | 0.21 bp | 5.6 bp −$6 | doesn't fit | doesn't fit | 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 54 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 | −0.1096% | 1h | 93.687 | +0.004% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.437 | −0.263% | $1.2M | $3.8M | 10x | as long as short |
| Phemex HYPEUSDT | −0.0115% | 8h | 93.652 | −0.033% | $12.7M | $2.7M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.591 | −0.098% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0074% | 1h | 93.570 | −0.121% | $701K | $919K | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0065% | 1h | 93.755 | +0.077% | $22K | $21K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0058% | 4h | 93.649 | −0.036% | $156K | $646K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.578 | −0.112% | $85K | $349K | 20x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0018% | 1h | 93.595 | −0.094% | $7.4M | $10.5M | 20x | as long as short |
| Gate HYPE_USDT | −0.0012% | 4h | 93.541 | −0.152% | $44.3M | $55.3M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Phemex HYPEUSDT
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Backpack HYPE_USDC_PERP
Gate HYPE_USDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0001% | 4h | 93.584 | −0.105% | $8.8M | $35.8M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.593 | −0.096% | $128K | $31K | 5x | as long as short |
| Perpl HYPEshort | 0.0000% | 43m | 93.650 | −0.036% | $22K | $325K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.680 | −0.003% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0006% | 4h | 93.541 | −0.152% | — | $53.5M | — | as long as short |
| Bybit HYPEUSDT | +0.0007% | 8h | 93.540 | −0.153% | $321.1M | $279.6M | 75x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.766 | +0.089% | $213K | $1.2M | 10x | as long as short |
| Binance HYPEUSDT | +0.0071% | 4h | 93.563 | −0.128% | $380.9M | $888.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0072% | 4h | 93.562 | −0.129% | $88.6M | $83.4M | 100x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0073% | 8h | 93.564 | −0.127% | $115.1M | $306.8M | 50x | as long as short |
| Bullet HYPE-USD | +0.0074% | 1h | 93.666 | −0.018% | $111K | $578K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0081% | 4h | 93.705 | +0.023% | $5.0M | $30.1M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.576 | −0.114% | $16.3M | $62.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.601 | −0.088% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.562 | −0.129% | $67K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.670 | −0.013% | $398K | $172K | 20x | as long as short |
| Derive HYPE-PERP | +0.0096% | 1h | 93.631 | −0.055% | $16.2M | $7.7M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 93.595 | −0.094% | $340K | $164K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.590 | −0.099% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.558 | −0.133% | $5.7M | $44.7M | 10x | as long as short |
| Hyperliquid HYPElong | +0.0100% | 1h | 93.683 | long leg | $2.05B | $666.4M | 10x | |
| Pacifica HYPE | +0.0100% | 1h | 93.594 | −0.095% | $10.1M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.760 | +0.082% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.594 | −0.095% | $46.3M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.554 | −0.138% | $226.6M | $97.9M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.718 | +0.037% | $31.2M | $54.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.676 | −0.008% | $7.6M | $47.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.647 | −0.038% | $338K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.683 | 0.000% | $669K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.717 | +0.036% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.693 | +0.011% | $476K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.623 | −0.064% | $79K | $170K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.746 | +0.067% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.624 | −0.063% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.530 | −0.163% | $18.3M | $44.0M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.720 | +0.039% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 94.180 | +0.531% | $31K | $339K | 12x | as long as short |
| HTX HYPE-USDT | +0.0181% | 4h | 93.787 | +0.111% | $1.4M | $5.9M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.643 | −0.043% | $3.2M | $7.0M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0255% | 1h | 93.667 | −0.018% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0283% | 8h | 93.710 | +0.029% | $1.9M | $4.9M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.675 | −0.008% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0465% | 1h | 93.717 | +0.036% | $7.4M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0680% | 1h | 93.718 | +0.037% | $20.9M | $29.7M | 50x | as long as short |
Aster HYPEUSDT
dYdX HYPE-USD
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
OKX HYPE-USDT-SWAP
Bullet HYPE-USD
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Derive HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD