Funding you earn now, next payment 00:12 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.016%
Price spread now: Vest against Perpl+0.056%7-day average −0.017% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.046%−$5 on $10k
+Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.056%, 7d avg −0.017%
=Together, before fees−0.179%+ Points / potential airdropPerpl: Active · Vest: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Vest is 0.073% dearer against Perpl than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 93.995 | 0 | get 0.0000% / 43m | 35m 09s | $23K | $327K | 10x |
| Short | Vest HYPE-PERP | 94.048 | 0.0100 | get 0.0013% / 1h | 13m 09s | — | $243K | 5x |
Perpl HYPE
Vest HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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: +0.056% → −0.017%
- $7.27
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- $12.47
- Costs to cover
- 0.158%
- Break-even
- 2.8 days
Slippage unknown: Perpl: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample | — | — | — | — | — |
Perpl and Vest: 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 | −0.1240% | 1h | 93.973 | −0.023% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.916 | −0.084% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0214% | 1h | 93.951 | −0.047% | $22K | $21K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0133% | 8h | 94.011 | +0.017% | $12.8M | $2.6M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0116% | 1h | 93.980 | −0.016% | $708K | $961K | 10x | as long as short |
| dYdX HYPE-USD | −0.0097% | 1h | 94.086 | +0.097% | $129K | $31K | 5x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 94.021 | +0.028% | $85K | $360K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.024 | +0.031% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0067% | 1h | 94.002 | +0.008% | $113K | $581K | 20x | as long as short |
| Gate HYPE_USDT | −0.0048% | 4h | 94.015 | +0.021% | $44.5M | $60.3M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Gate HYPE_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.0027% | 4h | 93.989 | −0.006% | $160K | $645K | 20x | as long as short |
| Bybit HYPEUSDT | −0.0013% | 8h | 93.985 | −0.011% | $323.5M | $280.3M | 75x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 93.995 | long leg | $23K | $327K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.023 | +0.030% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0013% | 4h | 94.082 | +0.093% | $8.9M | $36.1M | 300x | as long as short |
| Derive HYPE-PERP | +0.0017% | 1h | 93.964 | −0.033% | $16.4M | $7.3M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.678 | −0.337% | $218K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0050% | 4h | 94.005 | +0.011% | $88.6M | $83.3M | 100x | as long as short |
| Binance HYPEUSDT | +0.0051% | 4h | 93.993 | −0.002% | $383.7M | $895.0M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0058% | 4h | 93.999 | +0.004% | $5.1M | $30.1M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 93.976 | −0.020% | $116.2M | $316.0M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.034 | +0.042% | $19.0M | $60.3M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.012 | +0.018% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.002 | +0.008% | $65K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 94.006 | +0.012% | $400K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.066 | +0.076% | $342K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.980 | −0.016% | $29K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.025 | +0.032% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.048 | +0.057% | $2.05B | $676.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.043 | +0.051% | $10.2M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.528 | −0.496% | $204K | $12K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.010 | +0.016% | $46.7M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.973 | −0.023% | $227.6M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.973 | −0.023% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.992 | −0.003% | $7.7M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.810 | −0.196% | $31.4M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.085 | +0.096% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.061 | +0.070% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.100 | +0.112% | $672K | $2.6M | 20x | as long as short |
| Vest HYPE-PERPshort | +0.0100% | 1h | 94.048 | +0.056% | — | $243K | 5x | |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.027 | +0.034% | $475K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.984 | −0.012% | $76K | $170K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.092 | +0.103% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.004 | +0.010% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.002 | +0.008% | $18.4M | $45.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.130 | +0.144% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.930 | −0.069% | $31K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0205% | 4h | 94.015 | +0.021% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.035 | +0.043% | $2.7M | $6.8M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0232% | 8h | 94.151 | +0.166% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.994 | −0.001% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0335% / S −0.0158% | 1h | 94.012 | +0.018% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0377% | 4h | 94.230 | +0.250% | $1.5M | $6.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0494% | 1h | 94.109 | +0.121% | $7.5M | $4.7M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0671% | 1h | 94.086 | +0.096% | $21.0M | $29.8M | 50x | as long as short |
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD