Funding you earn now, next payment 00:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.78 per $10,000 · paid last 24h −0.012%
Price spread now: Bybit against Katana Perps+0.100%56s7-day average +0.029% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.008%−$1 on $10k
+Price spread, last 7 days−0.106%−$11 · spread now +0.100%, 7d avg +0.029%
=The price spread pays, funding is against you. Bybit is 0.071% dearer against Katana Perps than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.029%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 4 days (−0.008% in total) that is about 31 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps HYPE-USD | 93.110 | 0.0100 | pay 0.0100% / 8h | 1h 21m | $34K | $1.6M | 10x |
| Short | Bybit HYPEUSDT | 93.203 | 0.0022 | get 0.0022% / 8h | 1h 21m | $323.1M | $287.4M | 75x |
Katana Perps HYPE-USD
Bybit HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$16.35
- Price spread: +0.100% → +0.029%
- $7.13
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$24.02
- Costs to cover
- 0.148%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 0.54 bp | 6.9 bp −$7 | 9.2 bp −$92 | 18.5 bp −$1,848 | 41.9 bp −$20.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0417% | 1h | 93.054 | −0.060% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0296% | 1h | 93.001 | −0.117% | $196K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.148 | +0.041% | $1.2M | $4.0M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0126% | 1h | 93.150 | +0.043% | $699K | $928K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.113 | +0.003% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 93.167 | +0.061% | $90K | $361K | 20x | as long as short |
| Popdex HYPEUSDT | −0.0016% | 1h | 93.141 | +0.033% | $58K | $1.2M | 50x | as long as short |
| Aster HYPEUSDT | −0.0008% | 4h | 93.240 | +0.140% | $8.9M | $36.0M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.276 | +0.178% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.131 | +0.023% | $23K | $331K | 10x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Popdex HYPEUSDT
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPEShow 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 | 93.218 | +0.116% | $20K | — | 150x | as long as short |
| Bybit HYPEUSDTshort | +0.0022% | 8h | 93.203 | +0.100% | $323.1M | $287.4M | 75x | |
| Orderly PERP_HYPE_USDC | +0.0022% | 4h | 93.210 | +0.107% | $172K | $518K | 20x | as long as short |
| Derive HYPE-PERP | +0.0029% | 1h | 93.150 | +0.043% | $16.3M | $7.1M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.030 | −0.086% | $214K | $1.2M | 10x | as long as short |
| Gate HYPE_USDT | +0.0052% | 4h | 93.240 | +0.140% | $43.9M | $58.5M | 75x | as long as short |
| Bullet HYPE-USD | +0.0061% | 1h | 93.163 | +0.056% | $111K | $580K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0062% | 4h | 93.243 | +0.143% | $90.4M | $82.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0064% | 4h | 93.255 | +0.156% | $381.9M | $895.8M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0074% | 4h | 92.953 | −0.169% | $5.0M | $29.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.297 | +0.201% | $18.6M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.277 | +0.179% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.227 | +0.126% | $397K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0098% | 8h | 93.246 | +0.146% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USDlong | +0.0100% | 8h | 93.110 | long leg | $34K | $1.6M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 93.141 | +0.033% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.282 | +0.185% | $2.03B | $668.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.252 | +0.152% | $10.0M | $14.3M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.208 | +0.105% | $113.9M | $314.5M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.030 | −0.086% | $203K | $8K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.242 | +0.142% | $47.0M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.229 | +0.128% | $226.0M | $103.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.204 | +0.101% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.240 | +0.140% | $7.8M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.933 | −0.190% | $28.9M | $50.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.008 | −0.109% | $7.5M | $45.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.016 | −0.101% | $414K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.000 | −0.118% | $673K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.142 | +0.035% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.189 | +0.085% | $493K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.214 | +0.112% | $76K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.159 | +0.053% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.206 | +0.103% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.188 | +0.084% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.225 | +0.124% | $18.2M | $42.0M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0108% | 8h | 93.172 | +0.067% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.180 | +0.075% | $4.9M | $5.7M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 92.880 | −0.247% | $30K | $338K | 12x | as long as short |
| HTX HYPE-USDT | +0.0241% | 4h | 93.350 | +0.258% | $1.5M | $7.7M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.162 | +0.056% | $77K | $159K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0254% | 4h | 92.996 | −0.122% | $16.9M | $12.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.198 | +0.095% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0158% | 1h | 93.197 | +0.094% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0447% | 1h | 93.303 | +0.207% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.317 | +0.223% | $20.9M | $29.0M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Orderly PERP_HYPE_USDC
Derive HYPE-PERP
Phoenix HYPE
Gate HYPE_USDT
Bullet HYPE-USD
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
Reya HYPERUSDPERP
BloFin HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD