Funding you earn now, next payment 21:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.020%
Price spread now: ApeX Omni against Phoenix−0.072%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$290.286% of the position
Funding, last 7 days−0.266%−$27 on $10k
+Price spread, last 3 days (all we have)−0.188%−$19 · spread now −0.072%, 7d avg −0.093%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.021% dearer against Phoenix than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.093%. Mind the row above: over the last 7 days funding on this pair cost −0.266%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix HYPE | 93.549 | 0.0068 | pay 0.0009% / 1h | 33m 22s | $216K | $1.2M | 10x |
| Short | ApeX Omni HYPEUSDT | 93.482 | 0.0100 | get 0.0013% / 1h | 33m 22s | $406K | $1.0M | 50x |
Phoenix HYPE
ApeX Omni HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- $6.62
- Price spread: −0.072% → −0.093%
- $2.11
- Slippage, 4 orders
- −$11.63
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$19.9
- Costs to cover
- 0.286%
- Break-even
- 28.0 days
Slippage from Phoenix: live order book, 5 min ago; ApeX Omni: live order book, 1 min ago.
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 Phoenix live order book, 5 min ago | 0.96 bp | 5.4 bp −$5 | 9.8 bp −$98 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 1 min ago | 3.26 bp | 9.6 bp −$10 | 13.0 bp −$130 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1088% | 1h | 93.453 | −0.102% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0268% | 1h | 93.482 | −0.072% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0238% | 1h | 93.450 | −0.106% | $701K | $940K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.587 | +0.041% | $89K | $348K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.527 | −0.024% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0033% | 1h | 93.551 | +0.002% | $112K | $583K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.563 | +0.015% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.565 | +0.017% | $23K | $337K | 10x | as long as short |
| Derive HYPE-PERP | +0.0001% | 1h | 93.507 | −0.045% | $16.4M | $7.1M | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.590 | +0.044% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
Derive HYPE-PERP
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0017% | 4h | 93.562 | +0.014% | $9.0M | $35.8M | 300x | as long as short |
| Gate HYPE_USDT | +0.0032% | 4h | 93.558 | +0.010% | $44.1M | $56.6M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0037% | 8h | 93.550 | +0.001% | $325.9M | $287.3M | 75x | as long as short |
| Phoenix HYPElong | +0.0068% | 1h | 93.549 | long leg | $216K | $1.2M | 10x | |
| Orderly PERP_HYPE_USDC | +0.0070% | 4h | 93.561 | +0.013% | $180K | $529K | 20x | as long as short |
| Popdex HYPEUSDT | +0.0080% | 1h | 93.550 | +0.001% | $57K | $1.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.568 | +0.020% | $18.6M | $59.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.539 | −0.011% | $3.1M | $12.3M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.578 | +0.031% | $340K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.560 | +0.012% | $40K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.550 | +0.002% | $6.0M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.615 | +0.071% | $2.04B | $668.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.574 | +0.026% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.559 | +0.011% | $385.8M | $888.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.561 | +0.013% | $114.9M | $315.8M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.533 | −0.017% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.403 | −0.157% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.562 | +0.014% | $92.8M | $82.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.574 | +0.027% | $46.4M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.578 | +0.031% | $227.3M | $102.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.545 | −0.004% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.515 | −0.036% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.402 | −0.157% | $28.9M | $49.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.500 | −0.052% | $7.5M | $45.1M | 10x | as long as short |
| ApeX Omni HYPEUSDTshort | +0.0100% | 1h | 93.482 | −0.072% | $406K | $1.0M | 50x | |
| StandX HYPE-USD | +0.0100% | 1h | 93.503 | −0.049% | $676K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.577 | +0.030% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.588 | +0.042% | $494K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.589 | +0.043% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.611 | +0.066% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.560 | +0.012% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.474 | −0.080% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.551 | +0.002% | $18.4M | $41.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.577 | +0.030% | $398K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0117% | 4h | 93.456 | −0.099% | $5.1M | $29.6M | 30x | as long as short |
| Kalshi KXHYPEPERP | +0.0119% | 8h | 93.583 | +0.036% | $1.9M | $5.3M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0188% | 1h | 93.655 | +0.113% | $7.4M | $4.6M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.400 | −0.159% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.562 | +0.014% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.710 | +0.172% | $30K | $231K | 12x | as long as short |
| HTX HYPE-USDT | +0.0335% | 4h | 93.662 | +0.121% | $1.5M | $7.6M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0164% | 1h | 93.588 | +0.042% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.449 | −0.107% | $17.1M | $12.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.617 | +0.072% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0572% | 1h | 93.667 | +0.126% | $19.2M | $25.9M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Popdex HYPEUSDT
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
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
Deribit HYPE_USDC-PERPETUAL
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD