Funding you earn now, next payment 08:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.19 per $10,000 · paid last 24h +0.044%
Price spread now: Deribit against Pacifica+0.107%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$200.202% of the position
Funding, last 7 days+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.107%, 7d avg +0.026%
=Together, before fees−0.063%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.082% dearer against Pacifica than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica HYPE | 94.012 | 0.0100 | pay 0.0013% / 1h | 23m 56s | $10.1M | $15.1M | 20x |
| Short | Deribit HYPE_USDC-PERPETUAL | 94.113 | 0.0250 | get 0.0031% / 1h | 23m 56s | $7.4M | $4.3M | 50x |
Pacifica HYPE
Deribit HYPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Pacifica. 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
- $31.5
- Price spread: +0.107% → +0.026%
- $8.18
- Slippage, 4 orders
- −$5.16
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $19.52
- Costs to cover
- 0.202%
- Break-even
- 2.7 days
Slippage from Pacifica: live order book, 5 min ago; Deribit: live order book, 5 min ago.
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 Pacifica live order book, 5 min ago | 0.05 bp | 4.4 bp −$4 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 5 min ago | 0.05 bp | 7.1 bp −$7 | 13.7 bp −$137 | doesn't fit | doesn't fit |
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 | −0.1744% | 1h | 94.075 | +0.067% | $202K | $255K | 7x | as long as short |
| Bluefin HYPE-PERP | −0.0411% | 1h | 93.998 | −0.015% | $79K | $152K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0232% | 1h | 93.970 | −0.045% | $711K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | −0.0229% | 1h | 94.012 | 0.000% | $111K | $577K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0129% | 1h | 94.199 | +0.199% | $22K | $20K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0112% | 1h | 94.044 | +0.034% | $87K | $367K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.143 | +0.139% | $3K | $331 | 25x | as long as short |
| Derive HYPE-PERP | −0.0074% | 1h | 93.982 | −0.032% | $16.4M | $7.5M | 10x | as long as short |
| Lighter HYPE | −0.0056% | 1h | 94.007 | −0.005% | $16.3M | $64.4M | 20x | as long as short |
| Arcus HYPE-USD | −0.0045% | 1h | 93.986 | −0.028% | $1.0M | $3.6M | 10x | as long as short |
Hibachi HYPE/USDT-P
Bluefin HYPE-PERP
Ondo Perps HYPE-USD.P
Bullet HYPE-USD
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Derive HYPE-PERP
Lighter HYPE
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0019% | 8h | 93.982 | −0.032% | $315.9M | $289.2M | 75x | as long as short |
| BingX HYPE-USDT | −0.0018% | 4h | 93.977 | −0.037% | — | $52.9M | — | as long as short |
| Orderly PERP_HYPE_USDC | −0.0008% | 4h | 94.013 | +0.001% | $146K | $684K | 20x | as long as short |
| Polymarket Perps HYPE-USD | −0.0002% | 1h | 94.065 | +0.056% | $496K | $2.8M | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.059 | +0.050% | $129K | $94K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 94.121 | +0.116% | $1.8M | $5.6M | 2.3x | as long as short |
| Phoenix HYPE | 0.0000% | 1h | 94.232 | +0.234% | $209K | $1.1M | 10x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.049 | +0.039% | $19K | $288K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S 0.0000% | 1h | 94.066 | +0.057% | $123K | — | 150x | as long as short |
| Paradex HYPE-USD-PERP | +0.0031% | 8h | 94.009 | −0.004% | $336K | $154K | 20x | as long as short |
| Bitget HYPEUSDT | +0.0034% | 4h | 94.000 | −0.013% | $225.8M | $100.0M | 75x | as long as short |
| SoDEX HYPE-USD | +0.0040% | 1h | 94.013 | +0.001% | $2.0M | $1.9M | 10x | as long as short |
| Vest HYPE-PERP | +0.0047% | 1h | 94.097 | +0.091% | — | $190K | 5x | as long as short |
| Phemex HYPEUSDT | +0.0051% | 8h | 94.059 | +0.050% | $12.8M | $2.9M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0064% | 1h | 94.090 | +0.083% | $4.7M | $6.2M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0068% | 8h | 94.000 | −0.013% | $117.2M | $323.1M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0094% | 4h | 94.209 | +0.210% | $5.0M | $30.7M | 30x | as long as short |
| Gate HYPE_USDT | +0.0094% | 4h | 93.998 | −0.015% | $49.8M | $56.7M | 75x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.015 | +0.003% | $3.2M | $10.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.020 | +0.009% | $81K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.040 | +0.030% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.981 | −0.032% | $7.2M | $53.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.124 | +0.119% | $2.07B | $687.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.000 | −0.013% | $8.8M | $37.2M | 300x | as long as short |
| Pacifica HYPElong | +0.0100% | 1h | 94.012 | long leg | $10.1M | $15.1M | 20x | |
| Binance HYPEUSDT | +0.0100% | 4h | 93.987 | −0.027% | $376.4M | $933.1M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.240 | +0.243% | $218K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.982 | −0.032% | $88.1M | $83.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.000 | −0.013% | $46.7M | $18.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.999 | −0.014% | $7.5M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.108 | +0.102% | $29.5M | $54.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.230 | +0.232% | $7.6M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.231 | +0.233% | $370K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.194 | +0.194% | $681K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.088 | +0.081% | $32K | $1.6M | 20x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.150 | +0.147% | $1.4M | $6.8M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.970 | −0.045% | $18.3M | $43.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.043 | +0.033% | $398K | $154K | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0150% / S +0.0022% | 1h | 94.086 | +0.078% | $1.4M | — | 100x | as long as short |
| Injective HYPE/USDC PERP | +0.0185% | 1h | 94.740 | +0.774% | $31K | $340K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0224% | 1h | 94.065 | +0.056% | $20.2M | $30.2M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0249% | 1h | 94.024 | +0.013% | $3.2M | $6.4M | 20x | as long as short |
| Deribit HYPE_USDC-PERPETUALshort | +0.0250% | 1h | 94.113 | +0.107% | $7.4M | $4.3M | 50x | |
| Reya HYPERUSDPERP | +0.0272% | 1h | 93.989 | −0.025% | $84K | $123K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.108 | +0.102% | $17.1M | $12.3M | 75x | as long as short |
Bybit HYPEUSDT
BingX HYPE-USDT
Orderly PERP_HYPE_USDC
Polymarket Perps HYPE-USD
dYdX HYPE-USD
Kalshi KXHYPEPERP
Phoenix HYPE
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Paradex HYPE-USD-PERP
Bitget HYPEUSDT
SoDEX HYPE-USD
Vest HYPE-PERP
Phemex HYPEUSDT
Coinbase International HYPE-PERP-INTX
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Gate HYPE_USDT
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Binance HYPEUSDT
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
GMX HYPE/USD [WBTC.b-USDC]
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC
Reya HYPERUSDPERP
BloFin HYPE-USDT