Funding you earn now, next payment 08:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.05 per $10,000 · paid last 24h −0.003%
Price spread now: Variational Omni against Paradex−0.262%7-day average −0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.236%+$24 · spread now −0.262%, 7d avg −0.045%
=Together, before fees+0.235%+ Points / potential airdropParadex: Active · Variational Omni: Active · farm board+$23 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: Variational Omni is 0.216% cheaper against Paradex than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex HYPE-USD-PERP | 93.856 | 0.0095 | pay 0.0095% / 8h | 6h 29m | $341K | $164K | 20x |
| Short | Variational Omni HYPE | 93.610 | 0.0100 | get 0.0100% / 8h | 6h 29m | $31.0M | $54.8M | — |
Paradex HYPE-USD-PERP
Variational Omni HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $1.1
- Price spread: −0.262% → −0.045%
- −$21.64
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$24.54
- Costs to cover
- 0.040%
- Break-even
- 163.1 days
Slippage unknown: Paradex: live order book, 40 min ago; Variational Omni: RFQ quote, 5 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 Paradex live order book, 40 min ago | 1.44 bp | 3.4 bp −$3 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 0.44 bp | doesn't fit | 8.7 bp −$87 | 26.5 bp −$2,652 | doesn't fit |
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 | −0.0904% | 1h | 93.685 | −0.183% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.697 | −0.169% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0151% | 1h | 93.587 | −0.287% | $22K | $21K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0134% | 8h | 93.757 | −0.105% | $12.7M | $2.7M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0092% | 1h | 93.600 | −0.273% | $701K | $958K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.716 | −0.149% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0056% | 4h | 93.776 | −0.085% | $156K | $648K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.834 | −0.023% | $86K | $350K | 20x | as long as short |
| Gate HYPE_USDT | −0.0050% | 4h | 93.813 | −0.046% | $44.5M | $54.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0048% | 1h | 93.796 | −0.064% | $7.8M | $10.3M | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Gate HYPE_USDT
Backpack HYPE_USDC_PERPShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0011% | 4h | 93.847 | −0.010% | $8.9M | $36.0M | 300x | as long as short |
| Bybit HYPEUSDT | −0.0001% | 8h | 93.795 | −0.065% | $322.2M | $281.5M | 75x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.868 | +0.013% | $129K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.814 | −0.045% | $22K | $326K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.825 | −0.034% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0006% | 4h | 93.805 | −0.054% | — | $53.9M | — | as long as short |
| Bullet HYPE-USD | +0.0056% | 1h | 93.817 | −0.042% | $112K | $578K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0058% | 4h | 93.828 | −0.030% | $88.1M | $82.8M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0059% | 4h | 93.654 | −0.215% | $5.1M | $30.1M | 30x | as long as short |
| Binance HYPEUSDT | +0.0060% | 4h | 93.810 | −0.049% | $381.6M | $897.7M | 75x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.705 | −0.161% | $211K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0067% | 8h | 93.815 | −0.044% | $115.3M | $309.9M | 50x | as long as short |
| Derive HYPE-PERP | +0.0092% | 1h | 93.770 | −0.092% | $16.3M | $7.7M | 10x | as long as short |
| Paradex HYPE-USD-PERPlong | +0.0095% | 8h | 93.856 | long leg | $341K | $164K | 20x | |
| Lighter HYPE | +0.0096% | 1h | 93.829 | −0.029% | $16.4M | $62.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.816 | −0.043% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.818 | −0.040% | $66K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.806 | −0.053% | $399K | $177K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.800 | −0.060% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.808 | −0.051% | $5.7M | $45.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.921 | +0.069% | $2.05B | $671.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.837 | −0.020% | $10.1M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.822 | −0.036% | $46.3M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.799 | −0.061% | $226.9M | $98.6M | 75x | as long as short |
| Variational Omni HYPEshort | +0.0100% | 8h | 93.610 | −0.262% | $31.0M | $54.8M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.468 | −0.413% | $7.5M | $48.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.658 | −0.211% | $338K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.762 | −0.100% | $669K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.857 | +0.002% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.843 | −0.014% | $470K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.783 | −0.078% | $79K | $172K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.883 | +0.029% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.790 | −0.070% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.348 | −0.542% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.765 | −0.097% | $18.3M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.850 | −0.006% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.790 | −0.070% | $30K | $339K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.864 | +0.008% | $3.2M | $7.0M | 20x | as long as short |
| HTX HYPE-USDT | +0.0217% | 4h | 93.979 | +0.131% | $1.4M | $5.9M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0254% | 1h | 93.813 | −0.046% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0270% | 8h | 93.872 | +0.017% | $1.9M | $5.1M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.825 | −0.033% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0389% | 1h | 93.893 | +0.039% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0679% | 1h | 93.883 | +0.028% | $21.0M | $29.9M | 50x | as long as short |
Aster HYPEUSDT
Bybit HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bullet HYPE-USD
MEXC HYPE_USDT
edgeX HYPEUSDC
Binance HYPEUSDT
Phoenix HYPE
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
RISEx HYPE/USDC
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD