Funding you earn now, next payment 23:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.058%
Price spread now: Injective against Phemex−0.090%65s7-day average +0.166% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.290%+$229 on $10k
+Price spread, last 3 days (all we have)+0.041%+$4 · spread now −0.090%, 7d avg +0.166%
=Funding pays, the price is against you. Injective is 0.256% cheaper against Phemex than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of +0.166%). If the spread goes back, that is −$26 on $10k: about 6.2 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+2.290% in total) that is about 19 hours. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HYPEUSDT | 93.234 | 0.0100 | pay 0.0100% / 8h | 1h 37m | $12.7M | $2.6M | 50x |
| Short | Injective HYPE/USDC PERP | 93.150 | 0.0239 | get 0.0030% / 1h | 37m 38s | $30K | $338K | 12x |
Phemex HYPEUSDT
Injective HYPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Phemex. 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
- $29.13
- Price spread: −0.090% → +0.166%
- −$25.63
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$8.52
- Costs to cover
- 0.120%
- Break-even
- 9.0 days
Slippage unknown: Phemex: live order book, 6 min ago; Injective: live order book, 46 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 Phemex live order book, 6 min ago | 2.31 bp | 21.0 bp −$21 | 37.0 bp −$370 | doesn't fit | doesn't fit |
| Sell Injective live order book, 46 min ago | 15.46 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0370% | 1h | 93.224 | −0.010% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0160% | 1h | 93.305 | +0.076% | $197K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.101 | −0.143% | $1.2M | $4.0M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0103% | 1h | 93.150 | −0.090% | $700K | $924K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.206 | −0.030% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0008% | 1h | 93.248 | +0.015% | $90K | $361K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.189 | −0.048% | $127K | $32K | 5x | as long as short |
| Popdex HYPEUSDT | 0.0000% | 1h | 93.224 | −0.011% | $58K | $1.2M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.240 | +0.007% | $23K | $331K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.269 | +0.037% | $20K | — | 150x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
dYdX HYPE-USD
Popdex HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0008% | 4h | 93.153 | −0.087% | $8.9M | $35.9M | 300x | as long as short |
| Derive HYPE-PERP | +0.0028% | 1h | 93.203 | −0.033% | $16.3M | $7.1M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0029% | 8h | 93.127 | −0.115% | $323.3M | $286.8M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0034% | 4h | 93.240 | +0.006% | $171K | $519K | 20x | as long as short |
| Bullet HYPE-USD | +0.0034% | 1h | 93.235 | +0.001% | $112K | $579K | 20x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.374 | +0.150% | $214K | $1.2M | 10x | as long as short |
| Gate HYPE_USDT | +0.0038% | 4h | 93.134 | −0.107% | $43.8M | $57.9M | 75x | as long as short |
| Binance HYPEUSDT | +0.0089% | 4h | 93.137 | −0.104% | $382.9M | $892.6M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0090% | 4h | 93.137 | −0.104% | $89.8M | $81.8M | 100x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.189 | −0.048% | $18.5M | $58.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.168 | −0.071% | $3.1M | $12.1M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0098% | 8h | 93.143 | −0.098% | $338K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.150 | −0.090% | $40K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.216 | −0.019% | $5.9M | $44.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.188 | −0.049% | $2.02B | $670.0M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.153 | −0.087% | $10.0M | $14.3M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.122 | −0.120% | $113.8M | $313.5M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.390 | +0.167% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.167 | −0.072% | $47.2M | $18.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.152 | −0.088% | $225.8M | $102.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.137 | −0.104% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.202 | −0.034% | $7.8M | $11.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.354 | +0.129% | $29.0M | $50.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.350 | +0.124% | $7.5M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.355 | +0.130% | $413K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.288 | +0.058% | $675K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.272 | +0.041% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.244 | +0.011% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.255 | +0.023% | $76K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.239 | +0.005% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.198 | −0.039% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDTlong | +0.0100% | 8h | 93.234 | long leg | $12.7M | $2.6M | 50x | |
| edgeX HYPEUSDC | +0.0103% | 4h | 93.338 | +0.111% | $5.1M | $29.5M | 30x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.122 | −0.120% | $18.2M | $42.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.180 | −0.058% | $396K | $318K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0108% | 8h | 93.288 | +0.058% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.310 | +0.082% | $4.9M | $5.7M | 50x | as long as short |
| Injective HYPE/USDC PERPshort | +0.0239% | 1h | 93.150 | −0.090% | $30K | $338K | 12x | |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.231 | −0.004% | $78K | $158K | 15x | as long as short |
| HTX HYPE-USDT | +0.0262% | 4h | 93.366 | +0.142% | $1.5M | $7.7M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.204 | −0.032% | $2.8M | $6.8M | 20x | as long as short |
| BloFin HYPE-USDT | +0.0336% | 4h | 93.252 | +0.019% | $16.9M | $12.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0159% | 1h | 93.264 | +0.032% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0351% | 1h | 93.302 | +0.073% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0466% | 1h | 93.300 | +0.071% | $20.8M | $28.9M | 50x | as long as short |
Aster HYPEUSDT
Derive HYPE-PERP
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
Phoenix HYPE
Gate HYPE_USDT
Binance HYPEUSDT
MEXC HYPE_USDT
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
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
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
edgeX HYPEUSDC
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
HTX HYPE-USDT
RISEx HYPE/USDC
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD