Funding you earn now, next payment 05:00 UTC+0.0109%/8h= +11.9% APRnext payment +$0.14 per $10,000 · paid last 24h +0.031%
Price spread now: Coinbase International against Ondo Perps+0.139%7-day average +0.058% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.139%, 7d avg +0.058%
=Together, before fees−0.011%+ Points / potential airdropOndo Perps: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.081% dearer against Ondo Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps HYPE-USD.P | 93.240 | 0.0035 | pay 0.0004% / 1h | 23m 50s | $702K | $1.2M | 10x |
| Short | Coinbase International HYPE-PERP-INTX | 93.370 | 0.0144 | get 0.0018% / 1h | 23m 50s | $4.6M | $5.8M | 50x |
Ondo Perps HYPE-USD.P
Coinbase International HYPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $22.85
- Price spread: +0.139% → +0.058%
- $8.14
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $15.99
- Costs to cover
- 0.150%
- Break-even
- 2.1 days
Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago | 2.68 bp | 8.3 bp −$8 | 14.3 bp −$143 | 35.2 bp −$3,523 | 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 | −0.1424% | 1h | 93.245 | +0.005% | $197K | $237K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0375% | 1h | 93.237 | −0.003% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.291 | +0.055% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0065% | 1h | 93.315 | +0.081% | $111K | $581K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0021% | 4h | 93.316 | +0.082% | $145K | $671K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0008% | 1h | 93.376 | +0.146% | $87K | $365K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.304 | +0.068% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.347 | +0.115% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.350 | +0.118% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.275 | +0.038% | $1.0M | $3.9M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDT | +0.0014% | 4h | 93.250 | +0.011% | $225.0M | $99.0M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.260 | +0.021% | $316.7M | $282.2M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.282 | +0.045% | $207K | $1.2M | 10x | as long as short |
| Ondo Perps HYPE-USD.Plong | +0.0035% | 1h | 93.240 | long leg | $702K | $1.2M | 10x | |
| Phemex HYPEUSDT | +0.0058% | 8h | 93.343 | +0.110% | $12.7M | $2.8M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.101 | −0.149% | $4.9M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 93.322 | +0.088% | $340K | $157K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.351 | +0.119% | $16.1M | $63.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.350 | +0.118% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.347 | +0.115% | $75K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.260 | +0.021% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.284 | +0.048% | $8.0M | $48.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.313 | +0.078% | $2.03B | $665.4M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.279 | +0.042% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.310 | +0.075% | $10.1M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.280 | +0.043% | $374.1M | $912.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.274 | +0.036% | $114.5M | $309.2M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.230 | −0.011% | $215K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.265 | +0.027% | $46.9M | $54.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.255 | +0.016% | $90.5M | $81.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.245 | +0.005% | $46.1M | $18.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.260 | +0.021% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.341 | +0.108% | $7.1M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.070 | −0.183% | $28.4M | $56.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.241 | +0.001% | $7.5M | $47.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.095 | −0.156% | $341K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.296 | +0.060% | $668K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.361 | +0.129% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.346 | +0.114% | $484K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.353 | +0.121% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.337 | +0.104% | $16.1M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.375 | +0.145% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.359 | +0.128% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.450 | +0.225% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.228 | −0.012% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.357 | +0.125% | $395K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0105% | 8h | 93.353 | +0.121% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.620 | +0.408% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTXshort | +0.0144% | 1h | 93.370 | +0.139% | $4.6M | $5.8M | 50x | |
| Reya HYPERUSDPERP | +0.0269% | 1h | 93.327 | +0.093% | $80K | $127K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.336 | +0.103% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.269 | +0.031% | $16.8M | $11.9M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0341% | 1h | 93.403 | +0.175% | $20.8M | $29.5M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0489% | 1h | 93.445 | +0.220% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.373 | +0.143% | $3.2M | $6.2M | 20x | as long as short |
Bitget HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Phemex HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC