Funding you earn now, next payment 03:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.010%
Price spread now: Bluefin against Paradex−0.099%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$360.358% of the position
Funding, last 4 days (all we have)−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)−0.218%−$22 · spread now −0.099%, 7d avg −0.027%
=Together, before fees−0.269%+ Points / potential airdropParadex: Active · farm board−$27 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.072% cheaper against Paradex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex HYPE-USD-PERP | 93.492 | 0.0097 | pay 0.0097% / 8h | 5h 31m | $340K | $162K | 20x |
| Short | Bluefin HYPE-PERP | 93.400 | 0.0100 | get 0.0013% / 1h | 31m 48s | $79K | $170K | 20x |
Paradex HYPE-USD-PERP
Bluefin HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Paradex. 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
- $0.59
- Price spread: −0.099% → −0.027%
- −$7.21
- Slippage, 4 orders
- −$24.83
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$42.46
- Costs to cover
- 0.358%
- Break-even
- 515.0 days
Slippage from Paradex: live order book, 32 min ago; Bluefin: live order book, 32 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 Paradex live order book, 32 min ago | 1.28 bp | 3.3 bp −$3 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell Bluefin live order book, 32 min ago | 4.82 bp | 12.5 bp −$13 | doesn't fit | 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 | −0.1296% | 1h | 93.403 | −0.096% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.353 | −0.149% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0104% | 1h | 93.320 | −0.184% | $699K | $996K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.479 | −0.014% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0065% | 8h | 93.401 | −0.098% | $12.6M | $2.7M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.0064% | 1h | 93.426 | −0.070% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.484 | −0.009% | $85K | $344K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0042% | 4h | 93.423 | −0.074% | $154K | $648K | 20x | as long as short |
| Bullet HYPE-USD | −0.0006% | 1h | 93.440 | −0.056% | $111K | $578K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.560 | +0.072% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Phemex HYPEUSDT
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.447 | −0.049% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.454 | −0.041% | $62K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0024% | 4h | 93.540 | +0.051% | — | $53.0M | — | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.393 | −0.106% | $213K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0026% | 4h | 93.531 | +0.042% | $8.8M | $35.5M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0036% | 8h | 93.560 | +0.072% | $321.8M | $277.0M | 75x | as long as short |
| Gate HYPE_USDT | +0.0050% | 4h | 93.545 | +0.056% | $44.7M | $54.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 93.550 | +0.062% | $114.3M | $302.4M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.582 | +0.096% | $16.3M | $61.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.569 | +0.082% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.470 | −0.024% | $69K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERPlong | +0.0097% | 8h | 93.492 | long leg | $340K | $162K | 20x | |
| edgeX HYPEUSDC | +0.0100% | 4h | 93.360 | −0.141% | $5.1M | $29.7M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.470 | −0.024% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.441 | −0.054% | $5.8M | $43.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.621 | +0.138% | $2.04B | $654.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.587 | +0.101% | $10.1M | $14.6M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.562 | +0.074% | $379.4M | $876.3M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.364 | −0.137% | $203K | $10K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.555 | +0.067% | $89.9M | $80.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.552 | +0.064% | $46.0M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.561 | +0.074% | $226.2M | $96.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.407 | −0.091% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.367 | −0.134% | $31.1M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.422 | −0.075% | $7.5M | $45.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.349 | −0.153% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.512 | +0.021% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.496 | +0.004% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.496 | +0.004% | $472K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERPshort | +0.0100% | 1h | 93.400 | −0.099% | $79K | $170K | 20x | |
| Derive HYPE-PERP | +0.0100% | 1h | 93.389 | −0.110% | $16.2M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.519 | +0.029% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.415 | −0.083% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.515 | +0.024% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.423 | −0.075% | $397K | $162K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.520 | +0.030% | $4.8M | $5.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0188% | 4h | 93.592 | +0.107% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0258% | 1h | 93.452 | −0.043% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0278% | 8h | 93.461 | −0.033% | $1.9M | $5.0M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0285% | 1h | 93.501 | +0.009% | $7.5M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.460 | −0.035% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.487 | −0.006% | $17.0M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.559 | +0.072% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.370 | −0.131% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.477 | −0.016% | $20.8M | $29.7M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Phoenix HYPE
Aster HYPEUSDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD