Funding you earn now, next payment 23:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.102%
Price spread now: Injective against Orderly+0.087%58s7-day average +0.180% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.478%+$248 on $10k
+Price spread, last 3 days (all we have)−0.172%−$17 · spread now +0.087%, 7d avg +0.180%
=Funding pays, the price is against you. Injective is 0.093% cheaper against Orderly than usual: you would sell low and buy high (spread +0.087% now, against its 7-day average of +0.180%). If the spread goes back, that is −$9 on $10k: about 34 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+2.478% in total) that is about 6 hours. The two prices were read 58 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 | Orderly PERP_HYPE_USDC | 93.339 | 0.0019 | pay 0.0009% / 4h | 1h 12m | $176K | $524K | 20x |
| Short | Injective HYPE/USDC PERP | 93.420 | 0.0239 | get 0.0030% / 1h | 12m 29s | $30K | $338K | 12x |
Orderly PERP_HYPE_USDC
Injective HYPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Orderly. 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
- $46.23
- Price spread: +0.087% → +0.180%
- −$9.33
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $30.89
- Costs to cover
- 0.060%
- Break-even
- 2.3 days
Slippage unknown: Orderly: no order-book sample; Injective: live order book, 7 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 7 min ago | 9.65 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0450% | 1h | 93.258 | −0.086% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0376% | 1h | 93.322 | −0.018% | $197K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.251 | −0.094% | $1.2M | $3.9M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0122% | 1h | 93.260 | −0.085% | $699K | $933K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.313 | −0.028% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.348 | +0.010% | $91K | $359K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.308 | −0.033% | $127K | $32K | 5x | as long as short |
| Popdex HYPEUSDT | 0.0000% | 1h | 93.317 | −0.024% | $57K | $1.2M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.310 | −0.031% | $23K | $330K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.351 | +0.013% | $27K | — | 150x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
dYdX HYPE-USD
Popdex HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0004% | 4h | 93.321 | −0.019% | $8.9M | $35.8M | 300x | as long as short |
| Orderly PERP_HYPE_USDClong | +0.0019% | 4h | 93.339 | long leg | $176K | $524K | 20x | |
| Bybit HYPEUSDT | +0.0022% | 8h | 93.310 | −0.031% | $323.2M | $283.8M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.249 | −0.096% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0042% | 1h | 93.323 | −0.017% | $112K | $578K | 20x | as long as short |
| Derive HYPE-PERP | +0.0047% | 1h | 93.257 | −0.088% | $16.3M | $7.0M | 10x | as long as short |
| Gate HYPE_USDT | +0.0062% | 4h | 93.313 | −0.028% | $44.0M | $58.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0066% | 4h | 93.321 | −0.019% | $90.2M | $82.3M | 100x | as long as short |
| Binance HYPEUSDT | +0.0067% | 4h | 93.323 | −0.017% | $383.1M | $889.8M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.171 | −0.179% | $5.1M | $29.7M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.369 | +0.032% | $18.6M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.352 | +0.014% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.315 | −0.026% | $397K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.319 | −0.021% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.300 | −0.042% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.322 | −0.019% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.353 | +0.015% | $2.03B | $669.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.343 | +0.004% | $10.0M | $14.4M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.309 | −0.032% | $114.3M | $313.3M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.232 | −0.114% | $204K | $8K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.333 | −0.006% | $47.0M | $18.7M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.345 | +0.006% | $226.4M | $102.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.322 | −0.018% | — | $53.7M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.339 | 0.000% | $7.9M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.203 | −0.145% | $29.0M | $50.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.199 | −0.150% | $7.5M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.153 | −0.199% | $414K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.317 | −0.024% | $675K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.355 | +0.018% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.351 | +0.013% | $494K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.321 | −0.019% | $75K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.349 | +0.011% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.310 | −0.031% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.278 | −0.065% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.284 | −0.059% | $18.2M | $41.7M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0119% | 8h | 93.367 | +0.030% | $1.9M | $5.2M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.440 | +0.108% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0229% | 4h | 93.513 | +0.186% | $1.5M | $7.7M | 75x | as long as short |
| Injective HYPE/USDC PERPshort | +0.0239% | 1h | 93.420 | +0.087% | $30K | $338K | 12x | |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.322 | −0.018% | $77K | $159K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0268% | 4h | 93.316 | −0.025% | $16.8M | $12.4M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.373 | +0.036% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.349 | +0.010% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0371% | 1h | 93.407 | +0.073% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.439 | +0.108% | $20.9M | $29.0M | 50x | as long as short |
Aster HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Bullet HYPE-USD
Derive HYPE-PERP
Gate HYPE_USDT
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
BloFin HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD