Funding you earn now, next payment 22:00 UTC+0.0185%/8h= +20.2% APRnext payment +$0.23 per $10,000 · paid last 24h +0.058%
Price spread now: Injective against Polymarket Perps−0.132%51s7-day average +0.183% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.362%+$236 on $10k
+Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.132%, 7d avg +0.183%
=Funding pays, the price is against you. Injective is 0.315% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of +0.183%). If the spread goes back, that is −$31 on $10k: about 5.7 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+2.362% in total) that is about 22 hours. The two prices were read 51 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 | Polymarket Perps HYPE-USD | 93.483 | 0.0100 | pay 0.0013% / 1h | 45m 39s | $494K | $2.6M | 20x |
| Short | Injective HYPE/USDC PERP | 93.360 | 0.0285 | get 0.0036% / 1h | 45m 39s | $30K | $231K | 12x |
Polymarket Perps HYPE-USD
Injective HYPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $38.78
- Price spread: −0.132% → +0.183%
- −$31.47
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$0.7
- Costs to cover
- 0.080%
- Break-even
- 7.1 days
Slippage unknown: Polymarket Perps: live order book, 3 min ago; Injective: live order book, 43 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 Polymarket Perps live order book, 3 min ago | 0.96 bp | 5.0 bp −$5 | 5.5 bp −$55 | 11.5 bp −$1,149 | doesn't fit |
| Sell Injective live order book, 43 min ago | 36.79 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1240% | 1h | 93.362 | −0.130% | $197K | $233K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0202% | 1h | 93.330 | −0.164% | $701K | $943K | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0175% | 1h | 93.418 | −0.069% | $22K | $22K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.472 | −0.012% | $89K | $345K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.410 | −0.078% | $3K | $331 | 25x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.504 | +0.022% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.520 | +0.040% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.446 | −0.040% | $23K | $343K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.494 | +0.012% | $19K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0012% | 4h | 93.414 | −0.074% | $8.9M | $36.1M | 300x | as long as short |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Derive HYPE-PERP | +0.0017% | 1h | 93.397 | −0.092% | $16.4M | $7.1M | 10x | as long as short |
| Bullet HYPE-USD | +0.0020% | 1h | 93.455 | −0.030% | $112K | $583K | 20x | as long as short |
| Gate HYPE_USDT | +0.0024% | 4h | 93.427 | −0.060% | $44.2M | $56.3M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0039% | 8h | 93.400 | −0.089% | $325.4M | $287.9M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.408 | −0.080% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0075% | 4h | 93.462 | −0.022% | $180K | $536K | 20x | as long as short |
| ApeX Omni HYPEUSDT | +0.0092% | 1h | 93.318 | −0.177% | $405K | $1.1M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.459 | −0.026% | $18.5M | $59.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.441 | −0.045% | $3.1M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.448 | −0.037% | $56K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.440 | −0.046% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.455 | −0.030% | $6.0M | $44.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.490 | +0.007% | $2.04B | $669.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.428 | −0.059% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.421 | −0.066% | $385.8M | $888.5M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.391 | −0.098% | $114.8M | $315.4M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.396 | −0.093% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | −0.158% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.407 | −0.081% | $93.0M | $81.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.449 | −0.036% | $46.3M | $19.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.423 | −0.064% | $226.9M | $102.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.403 | −0.086% | — | $54.3M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.475 | −0.009% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.295 | −0.201% | $28.8M | $49.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.407 | −0.081% | $7.5M | $46.2M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.504 | +0.022% | $676K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.490 | +0.008% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USDlong | +0.0100% | 1h | 93.483 | long leg | $494K | $2.6M | 20x | |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.445 | −0.041% | $76K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.496 | +0.014% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.446 | −0.040% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.429 | −0.058% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.450 | −0.035% | $339K | $171K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.388 | −0.102% | $18.4M | $41.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.488 | +0.006% | $398K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 93.395 | −0.094% | $5.1M | $29.5M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.500 | +0.018% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.462 | −0.022% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERPshort | +0.0285% | 1h | 93.360 | −0.132% | $30K | $231K | 12x | |
| Deribit HYPE_USDC-PERPETUAL | +0.0285% | 1h | 93.552 | +0.074% | $7.4M | $4.6M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.499 | +0.017% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.408 | −0.080% | $17.1M | $12.5M | 75x | as long as short |
| HTX HYPE-USDT | +0.0388% | 4h | 93.628 | +0.155% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.474 | −0.010% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0573% | 1h | 93.537 | +0.058% | $19.2M | $25.8M | 50x | as long as short |
Derive HYPE-PERP
Bullet HYPE-USD
Gate HYPE_USDT
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
ApeX Omni HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD