Funding you earn now, next payment 03:00 UTC+0.0185%/8h= +20.2% APRnext payment +$0.23 per $10,000 · paid last 24h +0.045%
Price spread now: Bluefin against Ondo Perps+0.037%7-day average +0.076% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)−0.258%−$26 · spread now +0.037%, 7d avg +0.076%
=Together, before fees−0.237%+ Points / potential airdropOndo Perps: Active · farm board−$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bluefin is 0.039% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.076%). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.021% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps HYPE-USD.P | 93.340 | −0.0085 | get 0.0011% / 1h | 36m 23s | $699K | $982K | 10x |
| Short | Bluefin HYPE-PERP | 93.375 | 0.0100 | get 0.0013% / 1h | 36m 23s | $79K | $170K | 20x |
Ondo Perps HYPE-USD.P
Bluefin HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Ondo 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
- $38.81
- Price spread: +0.037% → +0.076%
- −$3.9
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- $22.91
- Costs to cover
- 0.120%
- Break-even
- 2.9 days
Slippage unknown: Ondo Perps: no order-book sample; Bluefin: live order book, 28 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bluefin live order book, 28 min ago | 4.82 bp | 12.5 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1296% | 1h | 93.292 | −0.051% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.254 | −0.092% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.Plong | −0.0085% | 1h | 93.340 | long leg | $699K | $982K | 10x | |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.343 | +0.003% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.351 | +0.012% | $85K | $344K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0056% | 8h | 93.365 | +0.027% | $12.6M | $2.7M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.0053% | 1h | 93.379 | +0.041% | $22K | $21K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0045% | 4h | 93.354 | +0.015% | $155K | $634K | 20x | as long as short |
| Bullet HYPE-USD | −0.0016% | 1h | 93.392 | +0.056% | $112K | $577K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.361 | +0.022% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Phemex HYPEUSDT
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.398 | +0.062% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.414 | +0.079% | $62K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0017% | 4h | 93.366 | +0.027% | $8.8M | $35.5M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.398 | +0.062% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0026% | 4h | 93.386 | +0.049% | — | $53.0M | — | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 93.380 | +0.043% | $321.3M | $277.2M | 75x | as long as short |
| Gate HYPE_USDT | +0.0058% | 4h | 93.384 | +0.047% | $44.6M | $54.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.385 | +0.048% | $114.2M | $302.0M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.424 | +0.090% | $16.3M | $61.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.397 | +0.061% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.341 | +0.001% | $69K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.372 | +0.034% | $89.8M | $80.7M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.431 | +0.098% | $339K | $162K | 20x | as long as short |
| Binance HYPEUSDT | +0.0098% | 4h | 93.393 | +0.057% | $378.7M | $876.4M | 75x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.340 | 0.000% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.388 | +0.051% | $5.8M | $43.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.437 | +0.104% | $2.04B | $653.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.412 | +0.077% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | +0.257% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.374 | +0.036% | $45.9M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.358 | +0.019% | $225.8M | $96.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.350 | +0.011% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.317 | −0.025% | $31.1M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.307 | −0.035% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.310 | −0.032% | $339K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.386 | +0.049% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.392 | +0.055% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.381 | +0.044% | $472K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERPshort | +0.0100% | 1h | 93.375 | +0.037% | $79K | $170K | 20x | |
| Derive HYPE-PERP | +0.0100% | 1h | 93.341 | +0.001% | $16.2M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.423 | +0.089% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.352 | +0.013% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.350 | +0.011% | $18.4M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.338 | −0.003% | $397K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 93.349 | +0.010% | $5.1M | $29.6M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.400 | +0.064% | $4.8M | $5.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0195% | 4h | 93.540 | +0.214% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0258% | 1h | 93.358 | +0.020% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0277% | 8h | 93.380 | +0.043% | $1.9M | $5.0M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.410 | +0.075% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0336% | 4h | 93.364 | +0.026% | $17.0M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0393% | 1h | 93.441 | +0.108% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.453 | +0.121% | $3.2M | $6.4M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.180 | −0.171% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.423 | +0.089% | $20.7M | $29.9M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
Binance HYPEUSDT
Katana Perps HYPE-USD
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
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