Funding you earn now, next payment 10:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Katana Perps+0.074%7-day average +0.025% · 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)−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.074%, 7d avg +0.025%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.049% dearer against Katana Perps than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of +0.025%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps HYPE-USD | 94.920 | 0.0099 | pay 0.0099% / 8h | 6h 18m | $39K | $1.5M | 10x |
| Short | gTrade (Gains Network) HYPE/USD | 94.990 | L +0.0002% / S −0.0001% | get 0.0000% / 1h | 18m 57s | $99K | — | 150x |
Katana Perps HYPE-USD
gTrade (Gains Network) HYPE/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$20.54
- Price spread: +0.074% → +0.025%
- $4.89
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$29.46
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; gTrade (Gains Network): 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
Katana Perps and gTrade (Gains Network): 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 exchanges
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 | −0.1408% | 1h | 94.803 | −0.123% | $211K | $262K | 7x | as long as short |
| Bluefin HYPE-PERP | −0.0570% | 1h | 95.002 | +0.086% | $79K | $139K | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | −0.0376% | 1h | 94.984 | +0.067% | $18.6M | $35.5M | 50x | as long as short |
| Bullet HYPE-USD | −0.0344% | 1h | 94.970 | +0.053% | $113K | $581K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0250% | 1h | 94.960 | +0.042% | $691K | $1.3M | 10x | as long as short |
| Phemex HYPEUSDT | −0.0182% | 8h | 94.939 | +0.020% | $13.0M | $2.8M | 50x | as long as short |
| Arcus HYPE-USD | −0.0159% | 1h | 94.887 | −0.035% | $1.1M | $2.6M | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0152% | 1h | 95.001 | +0.085% | $92K | $349K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0147% | 1h | 94.960 | +0.043% | $22K | $17K | 10x | as long as short |
| Vest HYPE-PERP | −0.0090% | 1h | 95.010 | +0.095% | — | $80K | 5x | as long as short |
Hibachi HYPE/USDT-P
Bluefin HYPE-PERP
Kraken Futures PF_HYPEUSD
Bullet HYPE-USD
Ondo Perps HYPE-USD.P
Phemex HYPEUSDT
Arcus HYPE-USD
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Vest HYPE-PERPShow all 54 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.882 | −0.040% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0072% | 4h | 94.980 | +0.063% | $54.2M | $54.6M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | −0.0024% | 1h | 94.990 | +0.074% | $4.7M | $5.6M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0023% | 4h | 94.942 | +0.023% | $147K | $646K | 20x | as long as short |
| SoDEX HYPE-USD | −0.0011% | 1h | 94.979 | +0.062% | $2.1M | $378K | 10x | as long as short |
| Aster HYPEUSDT | −0.0001% | 4h | 94.950 | +0.031% | $9.0M | $34.3M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.928 | +0.008% | $130K | $92K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.955 | +0.036% | $23K | $263K | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0001% | 8h | 94.945 | +0.026% | $118.8M | $312.4M | 50x | as long as short |
| gTrade (Gains Network) HYPE/USDshort | L +0.0002% / S −0.0001% | 1h | 94.990 | +0.074% | $99K | — | 150x | |
| BingX HYPE-USDT | +0.0002% | 4h | 94.971 | +0.054% | — | $49.3M | — | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 94.881 | −0.041% | $200K | $1.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0031% | 1h | 95.069 | +0.157% | $231K | $12K | 10x | as long as short |
| Bybit HYPEUSDT | +0.0033% | 8h | 94.970 | +0.053% | $320.2M | $272.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0034% | 4h | 94.988 | +0.072% | $228.2M | $89.7M | 75x | as long as short |
| Lighter HYPE | +0.0040% | 1h | 94.977 | +0.060% | $16.2M | $61.1M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0061% | 8h | 94.902 | −0.019% | $339K | $36K | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0088% | 1h | 94.997 | +0.081% | $499K | $2.5M | 20x | as long as short |
| edgeX HYPEUSDC | +0.0093% | 4h | 94.934 | +0.014% | $5.0M | $29.9M | 30x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.989 | +0.073% | $3.2M | $10.0M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.979 | +0.062% | $270K | $1.1M | 50x | as long as short |
| Katana Perps HYPE-USDlong | +0.0099% | 8h | 94.920 | long leg | $39K | $1.5M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 94.892 | −0.029% | $7.3M | $53.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 95.089 | +0.178% | $2.11B | $656.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.917 | −0.003% | $10.2M | $13.6M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.964 | +0.046% | $381.6M | $877.5M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.988 | +0.072% | $89.2M | $87.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.983 | +0.066% | $47.2M | $17.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 95.058 | +0.145% | $7.8M | $10.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.906 | −0.015% | $29.8M | $54.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.825 | −0.101% | $7.7M | $41.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.974 | +0.057% | $348K | $965K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.957 | +0.039% | $691K | $2.7M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.947 | +0.028% | $33K | $1.4M | 20x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 95.103 | +0.193% | $1.4M | $6.4M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.933 | +0.013% | $18.2M | $40.9M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.936 | +0.016% | $401K | $130K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0107% | 8h | 95.010 | +0.095% | $1.8M | $5.2M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0118% | 1h | 95.074 | +0.162% | $7.5M | $4.3M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0166% | 1h | 94.939 | +0.020% | $3.2M | $5.9M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0270% | 1h | 94.884 | −0.038% | $85K | $99K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0155% | 1h | 95.011 | +0.096% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.975 | +0.058% | $17.3M | $11.8M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0850% | 1h | 95.480 | +0.590% | $31K | $335K | 12x | as long as short |
Hotstuff HYPE-PERP
Gate HYPE_USDT
Coinbase International HYPE-PERP-INTX
Orderly PERP_HYPE_USDC
SoDEX HYPE-USD
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
OKX HYPE-USDT-SWAP
BingX HYPE-USDT
Phoenix HYPE
Bulk HYPE-USD
Bybit HYPEUSDT
Bitget HYPEUSDT
Lighter HYPE
Paradex HYPE-USD-PERP
Polymarket Perps HYPE-USD
edgeX HYPEUSDC
Lighter RH HYPE
Popdex HYPEUSDT
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Injective HYPE/USDC PERP