Funding you earn now, next payment 02:22 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.021%
Price spread now: Perpl against Katana Perps−0.019%7-day average +0.034% · 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)−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.601%+$60 · spread now −0.019%, 7d avg +0.034%
=Together, before fees+0.543%+ Points / potential airdropPerpl: Active · farm board+$54 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.054% cheaper against Katana Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
| 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 | 5h 14m | $24K | $1.6M | 10x |
| Short | Perpl HYPE | 93.092 | 0 | get 0.0000% / 43m | 2m 09s | $23K | $319K | 10x |
Katana Perps HYPE-USD
Perpl HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$20.96
- Price spread: −0.019% → +0.034%
- −$5.37
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$43.92
- Costs to cover
- 0.176%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; Perpl: 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 Perpl no order-book sample | — | — | — | — | — |
Katana Perps and Perpl: 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 | −0.1040% | 1h | 93.073 | −0.040% | $197K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.006 | −0.112% | $1.2M | $3.9M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0138% | 1h | 93.100 | −0.011% | $699K | $1.0M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.314 | +0.219% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.110 | 0.000% | $85K | $345K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0055% | 1h | 93.312 | +0.217% | $22K | $21K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0048% | 4h | 93.089 | −0.023% | $155K | $652K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.163 | +0.057% | $128K | $31K | 5x | as long as short |
| Perpl HYPEshort | 0.0000% | 43m | 93.092 | −0.019% | $23K | $319K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.112 | +0.002% | $62K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HYPEUSDT | +0.0008% | 8h | 93.144 | +0.037% | $12.6M | $2.7M | 50x | as long as short |
| Bullet HYPE-USD | +0.0018% | 1h | 93.081 | −0.031% | $111K | $579K | 20x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.367 | +0.276% | $213K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0026% | 4h | 93.114 | +0.004% | $8.8M | $35.9M | 300x | as long as short |
| BingX HYPE-USDT | +0.0034% | 4h | 93.109 | −0.001% | — | $53.0M | — | as long as short |
| Gate HYPE_USDT | +0.0042% | 4h | 93.106 | −0.004% | $44.5M | $55.5M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0045% | 8h | 93.110 | 0.000% | $320.3M | $277.5M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 93.107 | −0.003% | $113.5M | $299.9M | 50x | as long as short |
| Derive HYPE-PERP | +0.0092% | 1h | 93.068 | −0.045% | $16.1M | $7.5M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.117 | +0.008% | $16.2M | $62.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.111 | +0.001% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.086 | −0.026% | $70K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.184 | +0.080% | $338K | $162K | 20x | as long as short |
| Katana Perps HYPE-USDlong | +0.0100% | 8h | 93.110 | long leg | $24K | $1.6M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 93.112 | +0.002% | $5.7M | $43.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.167 | +0.061% | $2.03B | $657.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.124 | +0.015% | $10.0M | $14.8M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.120 | +0.011% | $376.5M | $881.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.105 | −0.005% | $89.4M | $81.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.109 | −0.001% | $45.8M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.123 | +0.014% | $225.2M | $96.5M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.089 | −0.023% | $7.3M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.377 | +0.287% | $31.1M | $53.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.364 | +0.272% | $7.5M | $45.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.292 | +0.195% | $339K | $998K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.417 | +0.330% | $667K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.154 | +0.047% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.122 | +0.013% | $481K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.063 | −0.050% | $79K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.129 | +0.020% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.101 | −0.010% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.155 | +0.048% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.070 | −0.043% | $18.3M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.054 | −0.060% | $396K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0117% | 4h | 93.295 | +0.199% | $5.0M | $29.1M | 30x | as long as short |
| HTX HYPE-USDT | +0.0145% | 4h | 93.240 | +0.140% | $1.4M | $6.0M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.150 | +0.043% | $4.8M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0259% | 1h | 93.058 | −0.056% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0270% | 8h | 93.159 | +0.053% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0156% | 1h | 93.099 | −0.012% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.081 | −0.031% | $17.0M | $11.5M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0416% | 1h | 93.187 | +0.083% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.207 | +0.104% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.730 | +0.666% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0687% | 1h | 93.150 | +0.043% | $20.7M | $29.8M | 50x | as long as short |
Phemex HYPEUSDT
Bullet HYPE-USD
Phoenix HYPE
Aster HYPEUSDT
BingX HYPE-USDT
Gate HYPE_USDT
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD