Funding you earn now, next payment 21:00 UTC−0.0308%/8h= −33.8% APRnext payment −$0.39 per $10,000 · paid last 24h −0.067%
Price spread now: Vest against Hyperliquid−0.055%7-day average −0.049% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.176%−$18 on $10k
+Price spread, last 3 days (all we have)+0.496%+$50 · spread now −0.055%, 7d avg −0.049%
=Together, before fees+0.320%+ Points / potential airdropHyperliquid: Season 2 · Vest: Active · farm board+$32 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$9 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 | 93.786 | 0.0408 | pay 0.0051% / 1h | 17m 18s | $2.05B | $668.7M | 10x |
| Short | Vest HYPE-PERP | 93.734 | 0.0100 | get 0.0013% / 1h | 17m 18s | — | $454K | 5x |
Hyperliquid HYPE
Vest HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$64.75
- Price spread: −0.055% → −0.049%
- −$0.66
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$76.4
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 12 min ago; Vest: 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, 12 min ago | 0.05 bp | 6.7 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | −0.1424% | 1h | 93.658 | −0.136% | $198K | $239K | 7x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.740 | −0.049% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0033% | 1h | 93.668 | −0.126% | $22K | $22K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.713 | −0.078% | $128K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.817 | +0.033% | $1.9M | $5.3M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.691 | −0.101% | $24K | $349K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0005% | 1h | 93.690 | −0.103% | $44K | — | 150x | as long as short |
| Gate HYPE_USDT | +0.0008% | 4h | 93.662 | −0.132% | $44.3M | $56.7M | 75x | as long as short |
| 01 Exchange HYPEUSD | +0.0016% | 1h | 93.694 | −0.098% | $89K | $342K | 20x | as long as short |
| Aster HYPEUSDT | +0.0024% | 4h | 93.705 | −0.087% | $9.0M | $36.9M | 300x | as long as short |
Hibachi HYPE/USDT-P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Gate HYPE_USDT
01 Exchange HYPEUSD
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | +0.0055% | 8h | 93.637 | −0.159% | $326.7M | $288.7M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0066% | 1h | 93.889 | +0.110% | $18.6M | $24.2M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0078% | 1h | 93.620 | −0.177% | $702K | $954K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0085% | 4h | 93.647 | −0.148% | $179K | $521K | 20x | as long as short |
| Phoenix HYPE | +0.0094% | 1h | 93.777 | −0.010% | $216K | $1.1M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.755 | −0.033% | $18.8M | $58.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.736 | −0.053% | $3.1M | $12.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.676 | −0.117% | $56K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.700 | −0.092% | $25K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.674 | −0.119% | $5.9M | $44.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.724 | −0.066% | $10.1M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.662 | −0.133% | $388.2M | $888.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.623 | −0.174% | $115.1M | $317.9M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.683 | −0.110% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.688 | −0.104% | $205K | $10K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.676 | −0.117% | $91.8M | $83.0M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.678 | −0.115% | $46.5M | $19.7M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.630 | −0.166% | $227.7M | $103.1M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.661 | −0.133% | — | $54.5M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.794 | +0.009% | $8.0M | $11.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.656 | −0.138% | $29.0M | $49.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.720 | −0.071% | $7.5M | $46.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.693 | −0.099% | $397K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.779 | −0.007% | $678K | $2.3M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.711 | −0.080% | $505K | $2.6M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.644 | −0.151% | $112K | $578K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.656 | −0.139% | $76K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.604 | −0.194% | $16.4M | $7.0M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.724 | −0.066% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.775 | −0.012% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.756 | −0.032% | $12.8M | $2.6M | 50x | as long as short |
| Vest HYPE-PERPshort | +0.0100% | 1h | 93.734 | −0.055% | — | $454K | 5x | |
| Paradex HYPE-USD-PERP | +0.0101% | 8h | 93.728 | −0.062% | $340K | $172K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.683 | −0.110% | $18.4M | $40.8M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.661 | −0.133% | $398K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0112% | 4h | 93.677 | −0.116% | $5.1M | $29.3M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.850 | +0.068% | $4.9M | $5.7M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0209% | 1h | 93.725 | −0.065% | $7.4M | $4.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0244% | 1h | 93.671 | −0.123% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0254% | 1h | 94.110 | +0.345% | $31K | $182K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.674 | −0.119% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.729 | −0.061% | $17.2M | $12.4M | 75x | as long as short |
| Hyperliquid HYPElong | +0.0408% | 1h | 93.786 | long leg | $2.05B | $668.7M | 10x | |
| RISEx HYPE/USDC | +0.0422% | 1h | 93.760 | −0.028% | $2.9M | $6.7M | 20x | as long as short |
| HTX HYPE-USDT | +0.0507% | 4h | 93.915 | +0.138% | $1.5M | $7.6M | 75x | as long as short |
Bybit HYPEUSDT
Kraken Futures PF_HYPEUSD
Ondo Perps HYPE-USD.P
Orderly PERP_HYPE_USDC
Phoenix HYPE
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
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
Polymarket Perps HYPE-USD
Bullet HYPE-USD
Bluefin HYPE-PERP
Derive 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
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
HTX HYPE-USDT