Funding you earn now, next payment 04:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.034%
Price spread now: Ondo Perps against Katana Perps−0.033%7-day average +0.046% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.079%−$8 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now −0.033%, 7d avg +0.046%
=Together, before fees−0.145%+ Points / potential airdropOndo Perps: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.078% cheaper against Katana Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps HYPE-USD | 92.260 | 0.0099 | pay 0.0099% / 8h | 4h 43m | $28K | $1.7M | 10x |
| Short | Ondo Perps HYPE-USD.P | 92.230 | 0.0027 | get 0.0003% / 1h | 43m 16s | $696K | $1.1M | 10x |
Katana Perps HYPE-USD
Ondo Perps HYPE-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$15.08
- Price spread: −0.033% → +0.046%
- −$7.82
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$31.7
- Costs to cover
- 0.088%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample | — | — | — | — | — |
Katana Perps and Ondo 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.247 | −0.014% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0536% | 1h | 92.271 | +0.012% | $193K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0159% | 1h | 92.320 | +0.065% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0128% | 1h | 92.323 | +0.068% | $85K | $354K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.319 | +0.064% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0070% | 4h | 92.220 | −0.043% | $157K | $663K | 20x | as long as short |
| Bullet HYPE-USD | −0.0052% | 1h | 92.268 | +0.009% | $110K | $579K | 20x | as long as short |
| Aster HYPEUSDT | −0.0012% | 4h | 92.300 | +0.043% | $8.7M | $36.4M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.316 | +0.061% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.292 | +0.035% | $22K | $310K | 10x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
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 −0.0002% | 1h | 92.283 | +0.025% | $61K | — | 150x | as long as short |
| Ondo Perps HYPE-USD.Pshort | +0.0027% | 1h | 92.230 | −0.033% | $696K | $1.1M | 10x | |
| BingX HYPE-USDT | +0.0030% | 4h | 92.266 | +0.007% | — | $53.3M | — | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.246 | −0.015% | $209K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0048% | 8h | 92.244 | −0.017% | $315.5M | $281.1M | 75x | as long as short |
| Gate HYPE_USDT | +0.0054% | 4h | 92.279 | +0.021% | $44.3M | $54.8M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0059% | 8h | 92.231 | −0.031% | $12.5M | $2.7M | 50x | as long as short |
| Derive HYPE-PERP | +0.0070% | 1h | 92.200 | −0.065% | $16.0M | $7.5M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0074% | 4h | 92.283 | +0.025% | $87.1M | $80.5M | 100x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 92.220 | −0.043% | $112.8M | $301.5M | 50x | as long as short |
| Binance HYPEUSDT | +0.0076% | 4h | 92.290 | +0.032% | $370.0M | $898.8M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0078% | 4h | 92.205 | −0.060% | $4.9M | $29.5M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0091% | 8h | 92.385 | +0.135% | $338K | $163K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.249 | −0.012% | $16.0M | $62.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.346 | +0.093% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.325 | +0.070% | $68K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 92.210 | −0.054% | $390K | $164K | 20x | as long as short |
| Katana Perps HYPE-USDlong | +0.0099% | 8h | 92.260 | long leg | $28K | $1.7M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 92.332 | +0.077% | $5.8M | $43.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.330 | +0.076% | $2.01B | $664.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.366 | +0.115% | $10.0M | $15.0M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.245 | −0.016% | $201K | $13K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.309 | +0.053% | $45.8M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.262 | +0.002% | $223.8M | $98.3M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.290 | +0.033% | $7.3M | $10.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.158 | −0.111% | $28.3M | $57.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.209 | −0.056% | $7.5M | $45.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.186 | −0.080% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.228 | −0.035% | $662K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.343 | +0.090% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.325 | +0.070% | $475K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.271 | +0.012% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.233 | −0.029% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.388 | +0.139% | $1.4M | $6.2M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.201 | −0.064% | $18.1M | $43.5M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0136% | 1h | 92.240 | −0.022% | $78K | $169K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 93.000 | +0.802% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.420 | +0.173% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0257% | 8h | 92.335 | +0.081% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0261% | 1h | 92.268 | +0.008% | $79K | $139K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0304% | 4h | 92.211 | −0.053% | $16.7M | $11.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0329% / S −0.0153% | 1h | 92.279 | +0.020% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0333% | 1h | 92.295 | +0.038% | $20.5M | $30.4M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0606% | 1h | 92.337 | +0.083% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.404 | +0.156% | $3.1M | $6.4M | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
Phemex HYPEUSDT
Derive HYPE-PERP
MEXC HYPE_USDT
OKX HYPE-USDT-SWAP
Binance HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
HTX HYPE-USDT
Extended HYPE-USD
Bluefin HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC