Funding you earn now, next payment 01:38 UTC+0.0066%/8h= +7.2% APRpaid last 24h +0.009%
Price spread now: Perpl against Ondo Perps+0.177%47s7-day average +0.099% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)+1.136%+$114 · spread now +0.177%, 7d avg +0.099%
=Together, before fees+1.117%+ Points / potential airdropOndo Perps: Active · Perpl: Active · farm board+$112 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Perpl is 0.079% 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 +0.099%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps HYPE-USD.P | 93.230 | −0.0066 | get 0.0008% / 1h | 5m 31s | $699K | $904K | 10x |
| Short | Perpl HYPE | 93.395 | 0 | get 0.0000% / 43m | 10m 31s | $22K | $323K | 10x |
Ondo Perps HYPE-USD.P
Perpl HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- $13.78
- Price spread: +0.177% → +0.099%
- $7.88
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- $2.86
- Costs to cover
- 0.188%
- Break-even
- 5.5 days
Slippage unknown: Ondo 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Perpl no order-book sample | — | — | — | — | — |
Ondo 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 54 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 | −0.1120% | 1h | 93.308 | +0.084% | $196K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.226 | −0.004% | $1.2M | $3.8M | 10x | as long as short |
| Phemex HYPEUSDT | −0.0084% | 8h | 93.309 | +0.085% | $12.6M | $2.7M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.329 | +0.106% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.Plong | −0.0066% | 1h | 93.230 | long leg | $699K | $904K | 10x | |
| Orderly PERP_HYPE_USDC | −0.0054% | 4h | 93.358 | +0.137% | $156K | $645K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.380 | +0.161% | $85K | $347K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0037% | 1h | 93.519 | +0.310% | $22K | $21K | 10x | as long as short |
| Aster HYPEUSDT | −0.0005% | 4h | 93.340 | +0.118% | $8.8M | $35.7M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.389 | +0.171% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Phemex HYPEUSDT
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Aster HYPEUSDT
dYdX HYPE-USDShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPEshort | 0.0000% | 43m | 93.395 | +0.177% | $22K | $323K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.400 | +0.182% | $26K | — | 150x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0005% | 1h | 93.296 | +0.071% | $7.4M | $10.4M | 20x | as long as short |
| BingX HYPE-USDT | +0.0006% | 4h | 93.349 | +0.128% | — | $53.4M | — | as long as short |
| Gate HYPE_USDT | +0.0010% | 4h | 93.349 | +0.128% | $44.3M | $55.4M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0012% | 8h | 93.330 | +0.107% | $320.2M | $277.2M | 75x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.424 | +0.208% | $210K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0066% | 1h | 93.394 | +0.176% | $111K | $577K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0070% | 4h | 93.359 | +0.138% | $88.1M | $83.5M | 100x | as long as short |
| Binance HYPEUSDT | +0.0072% | 4h | 93.363 | +0.143% | $380.1M | $880.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 93.363 | +0.143% | $114.7M | $303.0M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.295 | +0.069% | $5.0M | $30.0M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.371 | +0.151% | $16.3M | $62.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.367 | +0.147% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.363 | +0.143% | $67K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.373 | +0.153% | $397K | $172K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.385 | +0.166% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.330 | +0.107% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.356 | +0.136% | $5.7M | $43.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.455 | +0.241% | $2.04B | $657.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.376 | +0.157% | $10.0M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | +0.113% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.358 | +0.137% | $46.2M | $18.0M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.344 | +0.122% | $225.9M | $97.3M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.349 | +0.127% | $31.1M | $54.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.391 | +0.173% | $7.5M | $47.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.340 | +0.118% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.399 | +0.181% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.396 | +0.178% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.379 | +0.160% | $475K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.357 | +0.136% | $79K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.358 | +0.137% | $16.2M | $7.7M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.486 | +0.275% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.385 | +0.166% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.323 | +0.100% | $18.3M | $43.7M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.460 | +0.247% | $4.9M | $5.4M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 94.180 | +1.019% | $31K | $339K | 12x | as long as short |
| HTX HYPE-USDT | +0.0187% | 4h | 93.568 | +0.363% | $1.4M | $5.9M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.434 | +0.219% | $3.2M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0256% | 1h | 93.354 | +0.133% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0279% | 8h | 93.371 | +0.151% | $1.9M | $4.9M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.403 | +0.185% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0446% | 1h | 93.480 | +0.268% | $7.4M | $4.4M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0682% | 1h | 93.446 | +0.232% | $20.8M | $29.8M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Backpack HYPE_USDC_PERP
BingX HYPE-USDT
Gate HYPE_USDT
Bybit HYPEUSDT
Phoenix HYPE
Bullet HYPE-USD
MEXC HYPE_USDT
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD