Funding you earn now, next payment 20:36 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.020%
Price spread now: Bulk against Perpl−0.072%7-day average +0.025% · 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)+0.076%+$8 on $10k
+Price spread, last 3 days (all we have)−0.322%−$32 · spread now −0.072%, 7d avg +0.025%
=Together, before fees−0.246%+ Points / potential airdropPerpl: Active · farm board−$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bulk is 0.097% cheaper against Perpl than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.025%). If the spread goes back, that is −$10 on $10k: about 3.2 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 93.507 | 0 | get 0.0000% / 43m | 11m 26s | $24K | $346K | 10x |
| Short | Bulk HYPE-USD | 93.440 | 0.0100 | get 0.0013% / 1h | 7m 26s | $204K | $10K | 10x |
Perpl HYPE
Bulk HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Perpl. 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
- $21
- Price spread: −0.072% → +0.025%
- −$9.67
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$9.47
- Costs to cover
- 0.208%
- Break-even
- 10.2 days
Slippage unknown: Perpl: no order-book sample; Bulk: live order book, 21 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Bulk live order book, 21 min ago | 0.53 bp | 4.4 bp −$4 | 6.4 bp −$64 | 14.7 bp −$1,471 | 43.8 bp −$21.9K |
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 | −0.1432% | 1h | 93.259 | −0.265% | $197K | $240K | 7x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.495 | −0.013% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0028% | 4h | 93.460 | −0.050% | $44.1M | $57.0M | 75x | as long as short |
| Aftermath Perps HYPEUSD | −0.0020% | 1h | 93.473 | −0.036% | $22K | $22K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.519 | +0.012% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.557 | +0.053% | $1.9M | $5.3M | 2.3x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 93.507 | long leg | $24K | $346K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.514 | +0.007% | $20K | — | 150x | as long as short |
| 01 Exchange HYPEUSD | +0.0008% | 1h | 93.490 | −0.018% | $89K | $342K | 20x | as long as short |
| Aster HYPEUSDT | +0.0010% | 4h | 93.478 | −0.031% | $9.0M | $36.7M | 300x | as long as short |
Hibachi HYPE/USDT-P
Hotstuff HYPE-PERP
Gate HYPE_USDT
Aftermath Perps HYPEUSD
dYdX HYPE-USD
Kalshi KXHYPEPERP
gTrade (Gains Network) HYPE/USD
01 Exchange HYPEUSD
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps HYPE-USD.P | +0.0039% | 1h | 93.460 | −0.050% | $700K | $953K | 10x | as long as short |
| Bybit HYPEUSDT | +0.0047% | 8h | 93.453 | −0.058% | $325.7M | $289.0M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0066% | 1h | 93.642 | +0.144% | $18.8M | $24.6M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0080% | 4h | 93.528 | +0.022% | $179K | $534K | 20x | as long as short |
| Phoenix HYPE | +0.0094% | 1h | 93.343 | −0.175% | $215K | $1.1M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.539 | +0.034% | $18.6M | $59.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.524 | +0.018% | $3.1M | $12.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.482 | −0.027% | $56K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.520 | +0.014% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.484 | −0.024% | $6.0M | $44.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.507 | 0.000% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.485 | −0.023% | $386.7M | $892.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.456 | −0.055% | $114.8M | $317.6M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.457 | −0.053% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USDshort | +0.0100% | 1h | 93.440 | −0.072% | $204K | $10K | 10x | |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.487 | −0.021% | $91.0M | $83.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.487 | −0.021% | $46.4M | $19.7M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.477 | −0.032% | $227.1M | $103.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.460 | −0.050% | — | $54.5M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.537 | +0.032% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.238 | −0.287% | $28.8M | $49.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.323 | −0.197% | $7.5M | $46.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.260 | −0.264% | $405K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.340 | −0.179% | $675K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.512 | +0.005% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.520 | +0.014% | $504K | $2.6M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.499 | −0.008% | $112K | $582K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.535 | +0.030% | $76K | $168K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.460 | −0.050% | $16.4M | $7.1M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.529 | +0.024% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.508 | +0.001% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.508 | +0.001% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0101% | 8h | 93.505 | −0.002% | $340K | $172K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.467 | −0.043% | $18.4M | $41.0M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.531 | +0.026% | $398K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0120% | 4h | 93.294 | −0.227% | $5.1M | $29.4M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.580 | +0.078% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0244% | 1h | 93.501 | −0.006% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0254% | 1h | 94.110 | +0.645% | $31K | $182K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0165% | 1h | 93.499 | −0.008% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.336 | −0.183% | $17.2M | $12.7M | 75x | as long as short |
| Hyperliquid HYPE | +0.0360% | 1h | 93.554 | +0.050% | $2.04B | $672.2M | 10x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0413% | 1h | 93.620 | +0.121% | $7.4M | $4.7M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0422% | 1h | 93.553 | +0.049% | $2.7M | $6.9M | 20x | as long as short |
| HTX HYPE-USDT | +0.0490% | 4h | 93.650 | +0.153% | $1.5M | $7.6M | 75x | as long as short |
Ondo Perps HYPE-USD.P
Bybit HYPEUSDT
Kraken Futures PF_HYPEUSD
Orderly PERP_HYPE_USDC
Phoenix HYPE
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
MEXC HYPE_USDT
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
Bullet HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Hyperliquid HYPE
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
HTX HYPE-USDT