Funding you earn now, next payment 05:14 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.028%
Price spread now: Perpl against Orderly−0.041%7-day average +0.008% · you buy dearer than you sell
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)+0.056%+$6 · spread now −0.041%, 7d avg +0.008%
=Together, before fees+0.075%+ Points / potential airdropPerpl: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Perpl is 0.050% cheaper against Orderly than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.008%). If the spread goes back, that is −$5 on $10k: about 6.9 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.019% in total) that is about 18 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_HYPE_USDC | 93.177 | −0.0024 | get 0.0012% / 4h | 2h 39m | $146K | $663K | 20x |
| Short | Perpl HYPE | 93.139 | 0 | get 0.0000% / 43m | 19m 41s | $22K | $290K | 10x |
Orderly PERP_HYPE_USDC
Perpl HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- $5.04
- Price spread: −0.041% → +0.008%
- −$4.97
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$19.72
- Costs to cover
- 0.198%
- Break-even
- 34.4 days
Slippage unknown: Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Perpl no order-book sample | — | — | — | — | — |
Orderly 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 | −0.1736% | 1h | 93.110 | −0.072% | $196K | $232K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0365% | 1h | 93.359 | +0.195% | $22K | $21K | 10x | as long as short |
| Bullet HYPE-USD | −0.0087% | 1h | 93.138 | −0.042% | $111K | $578K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.095 | −0.088% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDClong | −0.0024% | 4h | 93.177 | long leg | $146K | $663K | 20x | |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.132 | −0.048% | $87K | $366K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.220 | +0.046% | $128K | $29K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.152 | −0.027% | $1.8M | $5.6M | 2.3x | as long as short |
| Perpl HYPEshort | 0.0000% | 43m | 93.139 | −0.041% | $22K | $290K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.200 | +0.025% | $62K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Bullet HYPE-USD
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
dYdX HYPE-USD
Kalshi KXHYPEPERP
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | +0.0011% | 1h | 93.084 | −0.100% | $1.0M | $3.9M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0014% | 4h | 93.118 | −0.063% | $225.2M | $98.9M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0015% | 1h | 93.080 | −0.104% | $701K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0022% | 8h | 93.090 | −0.093% | $316.2M | $283.9M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.305 | +0.137% | $209K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0045% | 8h | 93.218 | +0.044% | $12.6M | $2.7M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0084% | 4h | 93.341 | +0.176% | $5.0M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.155 | −0.023% | $339K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.165 | −0.012% | $16.1M | $63.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.155 | −0.024% | $3.1M | $11.4M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.111 | −0.071% | $76K | $1.1M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.120 | −0.061% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.112 | −0.070% | $8.0M | $48.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.194 | +0.018% | $2.03B | $667.7M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.145 | −0.034% | $8.7M | $36.5M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.167 | −0.011% | $10.0M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.143 | −0.036% | $373.2M | $913.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.118 | −0.063% | $114.2M | $308.4M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.160 | −0.018% | $46.5M | $54.1M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.118 | −0.063% | $90.1M | $80.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.144 | −0.035% | $46.0M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.119 | −0.062% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.209 | +0.034% | $7.3M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.140 | −0.040% | $28.5M | $56.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.468 | +0.312% | $7.5M | $47.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.345 | +0.180% | $342K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.273 | +0.103% | $667K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.208 | +0.033% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.168 | −0.010% | $501K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.197 | +0.021% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.184 | +0.008% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.171 | −0.006% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.179 | +0.002% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.297 | +0.129% | $1.4M | $6.4M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.344 | +0.180% | $215K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.087 | −0.097% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.183 | +0.007% | $394K | $161K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.190 | +0.014% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.200 | +0.025% | $4.8M | $5.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0268% | 1h | 93.141 | −0.038% | $80K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.168 | −0.010% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.200 | +0.025% | $16.8M | $11.9M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0342% | 1h | 93.242 | +0.070% | $20.8M | $29.6M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0512% | 1h | 93.302 | +0.134% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.188 | +0.012% | $3.2M | $6.2M | 20x | as long as short |
Arcus HYPE-USD
Bitget HYPEUSDT
Ondo Perps HYPE-USD.P
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
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
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC