Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Bulk against Polymarket Perps−0.068%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$200.195% of the position
Funding, last 3 days (all we have)+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)+0.329%+$33 · spread now −0.068%, 7d avg +0.036%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.104% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps HYPE-USD | 92.947 | 0.0100 | pay 0.0013% / 1h | 50m 43s | $491K | $2.6M | 20x |
| Short | Bulk HYPE-USD | 92.884 | 0.0100 | get 0.0013% / 1h | 50m 43s | $203K | $10K | 10x |
Polymarket Perps HYPE-USD
Bulk HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Polymarket Perps. 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
- $0
- Price spread: −0.068% → +0.036%
- −$10.41
- Slippage, 4 orders
- −$4.53
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$29.94
- Costs to cover
- 0.195%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; Bulk: live order book, 33 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 Polymarket Perps live order book, 3 min ago | 1.40 bp | 5.5 bp −$5 | 6.0 bp −$60 | 11.3 bp −$1,126 | doesn't fit |
| Sell Bulk live order book, 33 min ago | 0.53 bp | 4.6 bp −$5 | 6.4 bp −$64 | 12.2 bp −$1,218 | 31.8 bp −$15.9K |
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 | −0.0297% | 1h | 93.091 | +0.155% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 92.956 | +0.010% | $1.2M | $4.0M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.931 | −0.017% | $3K | $331 | 25x | as long as short |
| Hibachi HYPE/USDT-P | −0.0048% | 1h | 92.970 | +0.024% | $196K | $231K | 7x | as long as short |
| Derive HYPE-PERP | −0.0012% | 1h | 92.913 | −0.036% | $16.3M | $7.1M | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0008% | 1h | 92.910 | −0.040% | $90K | $365K | 20x | as long as short |
| Aster HYPEUSDT | −0.0001% | 4h | 93.003 | +0.060% | $8.9M | $35.9M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.009 | +0.066% | $127K | $32K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.038 | +0.098% | $1.9M | $5.3M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.002 | +0.059% | $23K | $331K | 10x | as long as short |
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Hibachi HYPE/USDT-P
Derive HYPE-PERP
01 Exchange HYPEUSD
Aster HYPEUSDT
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 92.997 | +0.054% | $20K | — | 150x | as long as short |
| Popdex HYPEUSDT | +0.0008% | 1h | 92.894 | −0.057% | $56K | $1.2M | 50x | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 93.002 | +0.059% | $323.4M | $286.6M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.039 | +0.099% | $215K | $1.2M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0041% | 1h | 92.880 | −0.072% | $697K | $922K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0042% | 4h | 92.966 | +0.020% | $165K | $515K | 20x | as long as short |
| Gate HYPE_USDT | +0.0050% | 4h | 92.997 | +0.054% | $44.0M | $57.3M | 75x | as long as short |
| Bullet HYPE-USD | +0.0075% | 1h | 92.952 | +0.006% | $112K | $579K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.067 | +0.130% | $18.5M | $58.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.016 | +0.074% | $3.0M | $12.1M | 20x | as long as short |
| Binance HYPEUSDT | +0.0098% | 4h | 93.016 | +0.074% | $382.8M | $892.0M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.004 | +0.062% | $338K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 92.880 | −0.072% | $40K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.909 | −0.040% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.026 | +0.085% | $2.02B | $670.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.028 | +0.087% | $10.0M | $14.4M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.007 | +0.065% | $114.0M | $313.9M | 50x | as long as short |
| Bulk HYPE-USDshort | +0.0100% | 1h | 92.884 | −0.068% | $203K | $10K | 10x | |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.004 | +0.061% | $90.6M | $81.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.989 | +0.045% | $47.1M | $19.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.026 | +0.085% | $225.5M | $102.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.011 | +0.069% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.983 | +0.039% | $7.8M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.107 | +0.172% | $29.0M | $50.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.245 | +0.321% | $7.5M | $44.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.016 | +0.074% | $411K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.000 | +0.057% | $673K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.946 | −0.001% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USDlong | +0.0100% | 1h | 92.947 | long leg | $491K | $2.6M | 20x | |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.976 | +0.031% | $75K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.001 | +0.058% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.955 | +0.009% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 92.980 | +0.036% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.921 | −0.028% | $18.3M | $42.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.972 | +0.027% | $395K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0119% | 4h | 93.037 | +0.097% | $5.1M | $29.5M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.050 | +0.111% | $4.9M | $5.7M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 92.820 | −0.137% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0246% | 1h | 92.953 | +0.006% | $77K | $158K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 92.959 | +0.012% | $2.7M | $6.8M | 20x | as long as short |
| HTX HYPE-USDT | +0.0293% | 4h | 93.103 | +0.168% | $1.5M | $7.6M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0158% | 1h | 92.990 | +0.046% | $1.5M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.975 | +0.030% | $17.0M | $12.4M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0449% | 1h | 93.077 | +0.140% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0467% | 1h | 93.086 | +0.149% | $20.7M | $28.4M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Popdex HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Ondo Perps HYPE-USD.P
Orderly PERP_HYPE_USDC
Gate HYPE_USDT
Bullet HYPE-USD
Lighter HYPE
Lighter RH HYPE
Binance HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
RISEx HYPE/USDC
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD