Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bulk against Katana Perps−0.249%7-day average +0.047% · 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)+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.249%, 7d avg +0.047%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.295% cheaper against Katana Perps than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps HYPE-USD | 94.050 | 0.0100 | pay 0.0100% / 8h | 7h 38m | $24K | $1.6M | 10x |
| Short | Bulk HYPE-USD | 93.816 | 0.0100 | get 0.0013% / 1h | 38m 50s | $204K | $5K | 10x |
Katana Perps HYPE-USD
Bulk HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Katana Perps. 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
- $0.04
- Price spread: −0.249% → +0.047%
- −$29.53
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$40.28
- Costs to cover
- 0.108%
- Break-even
- 6400.8 days
Slippage unknown: Katana Perps: no order-book sample; Bulk: live order book, 35 min ago. 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Bulk live order book, 35 min ago | 0.53 bp | 6.0 bp −$6 | 7.6 bp −$76 | 13.2 bp −$1,324 | 37.8 bp −$18.9K |
Katana Perps: 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 | −0.1472% | 1h | 93.969 | −0.086% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.949 | −0.107% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0273% | 1h | 94.036 | −0.015% | $22K | $23K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0194% | 8h | 94.071 | +0.022% | $12.8M | $2.6M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0182% | 1h | 94.020 | −0.032% | $705K | $937K | 10x | as long as short |
| dYdX HYPE-USD | −0.0168% | 1h | 94.085 | +0.037% | $128K | $29K | 5x | as long as short |
| Bullet HYPE-USD | −0.0085% | 1h | 94.024 | −0.028% | $112K | $580K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 94.057 | +0.007% | $85K | $361K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.074 | +0.026% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0054% | 4h | 94.110 | +0.064% | $44.5M | $59.3M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Bullet HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Gate HYPE_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0033% | 8h | 94.100 | +0.053% | $323.5M | $280.9M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0012% | 4h | 94.035 | −0.016% | $170K | $592K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.084 | +0.036% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.064 | +0.015% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0017% | 4h | 94.078 | +0.030% | $8.9M | $36.0M | 300x | as long as short |
| Derive HYPE-PERP | +0.0024% | 1h | 93.986 | −0.068% | $16.4M | $7.1M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.122 | +0.077% | $219K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0044% | 4h | 94.115 | +0.069% | $88.9M | $82.2M | 100x | as long as short |
| Bluefin HYPE-PERP | +0.0045% | 1h | 94.018 | −0.034% | $76K | $170K | 20x | as long as short |
| Binance HYPEUSDT | +0.0045% | 4h | 94.116 | +0.070% | $384.2M | $892.9M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0057% | 4h | 94.034 | −0.017% | $5.1M | $29.8M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0080% | 8h | 94.120 | +0.074% | $115.9M | $319.3M | 50x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 94.029 | −0.022% | $64K | $1.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.074 | +0.026% | $18.9M | $58.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.043 | −0.007% | $3.1M | $12.0M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 94.035 | −0.016% | $400K | $193K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.105 | +0.058% | $342K | $170K | 20x | as long as short |
| Katana Perps HYPE-USDlong | +0.0100% | 8h | 94.050 | long leg | $24K | $1.6M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 94.044 | −0.006% | $6.6M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.125 | +0.080% | $2.05B | $673.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.084 | +0.036% | $10.2M | $14.6M | 20x | as long as short |
| Bulk HYPE-USDshort | +0.0100% | 1h | 93.816 | −0.249% | $204K | $5K | 10x | |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.085 | +0.037% | $46.6M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.061 | +0.012% | $228.2M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.116 | +0.070% | — | $54.1M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.038 | −0.013% | $7.7M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.010 | −0.042% | $31.6M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.030 | −0.021% | $7.6M | $45.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.016 | −0.036% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.051 | +0.001% | $680K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.075 | +0.026% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.050 | 0.000% | $480K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.111 | +0.065% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.011 | −0.041% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.056 | +0.007% | $18.9M | $43.5M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.170 | +0.128% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0181% | 4h | 94.032 | −0.019% | $17.0M | $12.3M | 75x | as long as short |
| Kalshi KXHYPEPERP | +0.0193% | 8h | 94.119 | +0.073% | $1.9M | $5.1M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.260 | +0.223% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.083 | +0.035% | $2.8M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0251% | 1h | 94.030 | −0.022% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0157% | 1h | 94.061 | +0.012% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0356% | 1h | 94.112 | +0.066% | $7.5M | $4.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0413% | 4h | 94.220 | +0.181% | $1.5M | $6.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0671% | 1h | 94.111 | +0.065% | $21.0M | $29.7M | 50x | as long as short |
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
MEXC HYPE_USDT
Bluefin HYPE-PERP
Binance HYPEUSDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Popdex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
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
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
Kraken Futures PF_HYPEUSD