Funding you earn now, next payment 21:20 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.008%
Price spread now: Bybit against Perpl−0.034%7-day average −0.042% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.085%+$8 on $10k
+Price spread, last 3 days (all we have)−0.381%−$38 · spread now −0.034%, 7d avg −0.042%
=Together, before fees−0.297%+ Points / potential airdropPerpl: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 93.542 | 0 | get 0.0000% / 43m | 1m 28s | $23K | $337K | 10x |
| Short | Bybit HYPEUSDT | 93.511 | 0.0035 | get 0.0035% / 8h | 2h 14m | $325.7M | $287.0M | 75x |
Perpl HYPE
Bybit HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $7.32
- Price spread: −0.034% → −0.042%
- $0.8
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$16.68
- Costs to cover
- 0.248%
- Break-even
- 22.9 days
Slippage unknown: Perpl: no order-book sample; Bybit: live order book, 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 0.54 bp | 6.0 bp −$6 | 8.1 bp −$81 | 17.4 bp −$1,735 | 38.0 bp −$19.0K |
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 | −0.0936% | 1h | 93.570 | +0.029% | $198K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0264% | 1h | 93.630 | +0.094% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0233% | 1h | 93.500 | −0.045% | $702K | $932K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.537 | −0.006% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.549 | +0.007% | $90K | $346K | 20x | as long as short |
| Bullet HYPE-USD | −0.0028% | 1h | 93.543 | 0.000% | $111K | $582K | 20x | as long as short |
| Derive HYPE-PERP | −0.0021% | 1h | 93.489 | −0.057% | $16.4M | $7.0M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.645 | +0.109% | $127K | $32K | 5x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 93.542 | long leg | $23K | $337K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.564 | +0.023% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Bullet HYPE-USD
Derive HYPE-PERP
dYdX HYPE-USD
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0020% | 4h | 93.536 | −0.007% | $8.9M | $35.8M | 300x | as long as short |
| Gate HYPE_USDT | +0.0028% | 4h | 93.530 | −0.013% | $44.0M | $57.4M | 75x | as long as short |
| Bybit HYPEUSDTshort | +0.0035% | 8h | 93.511 | −0.034% | $325.7M | $287.0M | 75x | |
| Popdex HYPEUSDT | +0.0048% | 1h | 93.533 | −0.010% | $58K | $1.2M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0059% | 4h | 93.542 | 0.000% | $177K | $520K | 20x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.603 | +0.065% | $216K | $1.2M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.588 | +0.048% | $18.6M | $59.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.568 | +0.027% | $3.1M | $12.4M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.564 | +0.023% | $340K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.570 | +0.030% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.531 | −0.013% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.646 | +0.111% | $2.04B | $670.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.568 | +0.027% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.531 | −0.012% | $386.1M | $888.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.528 | −0.015% | $114.9M | $315.7M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.520 | −0.024% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.690 | +0.157% | $205K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.531 | −0.012% | $93.6M | $82.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.537 | −0.006% | $46.4M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.553 | +0.011% | $227.3M | $102.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.526 | −0.018% | — | $54.3M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.576 | +0.036% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.561 | +0.020% | $29.2M | $50.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.632 | +0.096% | $7.5M | $45.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.601 | +0.063% | $406K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.588 | +0.049% | $677K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.578 | +0.038% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.574 | +0.034% | $494K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.530 | −0.013% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.615 | +0.078% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.535 | −0.008% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.524 | −0.020% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.517 | −0.027% | $18.3M | $41.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.505 | −0.040% | $398K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0107% | 4h | 93.591 | +0.052% | $5.1M | $29.7M | 30x | as long as short |
| Kalshi KXHYPEPERP | +0.0117% | 8h | 93.616 | +0.079% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.640 | +0.104% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.529 | −0.014% | $78K | $158K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0273% | 1h | 93.658 | +0.124% | $7.4M | $4.6M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.910 | +0.393% | $31K | $291K | 12x | as long as short |
| HTX HYPE-USDT | +0.0296% | 4h | 93.739 | +0.210% | $1.5M | $7.6M | 75x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.532 | −0.011% | $17.0M | $12.4M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0346% / S −0.0171% | 1h | 93.576 | +0.036% | $1.5M | — | 100x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.605 | +0.067% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0573% | 1h | 93.638 | +0.102% | $19.2M | $26.0M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Popdex HYPEUSDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk 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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
Injective HYPE/USDC PERP
HTX HYPE-USDT
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD