Funding you earn now, next payment 00:12 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.018%
Price spread now: Perpl against Polymarket Perps−0.005%7-day average +0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.005%, 7d avg +0.002%
=Together, before fees−0.096%+ Points / potential airdropPerpl: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps HYPE-USD | 93.596 | 0.0100 | pay 0.0013% / 1h | 18m 11s | $473K | $2.5M | 20x |
| Short | Perpl HYPE | 93.591 | 0 | get 0.0000% / 43m | 40m 11s | $23K | $326K | 10x |
Polymarket Perps HYPE-USD
Perpl HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$21
- Price spread: −0.005% → +0.002%
- −$0.74
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$43.54
- Costs to cover
- 0.218%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 6 min ago; Perpl: 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 Polymarket Perps live order book, 6 min ago | 0.85 bp | 4.9 bp −$5 | 5.6 bp −$56 | 11.3 bp −$1,126 | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 | −0.1312% | 1h | 93.756 | +0.171% | $198K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.417 | −0.191% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0185% | 1h | 93.952 | +0.380% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0151% | 1h | 93.510 | −0.092% | $710K | $955K | 10x | as long as short |
| dYdX HYPE-USD | −0.0108% | 1h | 93.519 | −0.082% | $128K | $31K | 5x | as long as short |
| Bullet HYPE-USD | −0.0097% | 1h | 93.605 | +0.010% | $113K | $581K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0096% | 1h | 93.536 | −0.064% | $85K | $360K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.531 | −0.069% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0080% | 4h | 93.642 | +0.049% | $44.4M | $60.1M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0027% | 4h | 93.603 | +0.007% | $159K | $645K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Bullet HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Gate HYPE_USDT
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0021% | 8h | 93.650 | +0.058% | $321.6M | $280.3M | 75x | as long as short |
| Perpl HYPEshort | 0.0000% | 43m | 93.591 | −0.005% | $23K | $326K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.626 | +0.032% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0003% | 4h | 93.587 | −0.010% | $8.9M | $36.1M | 300x | as long as short |
| Derive HYPE-PERP | +0.0003% | 1h | 93.596 | 0.000% | $16.4M | $7.3M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.149 | +0.591% | $219K | $1.2M | 10x | as long as short |
| Binance HYPEUSDT | +0.0042% | 4h | 93.645 | +0.052% | $382.0M | $894.3M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0044% | 4h | 93.674 | +0.083% | $88.1M | $83.2M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0057% | 4h | 93.961 | +0.390% | $5.1M | $30.0M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0074% | 8h | 93.656 | +0.064% | $115.6M | $316.7M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0083% | 1h | 93.651 | +0.059% | $76K | $170K | 20x | as long as short |
| Phemex HYPEUSDT | +0.0094% | 8h | 93.679 | +0.089% | $12.8M | $2.6M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.674 | +0.083% | $19.1M | $60.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.657 | +0.065% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.540 | −0.060% | $66K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.596 | 0.000% | $398K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.554 | −0.045% | $340K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.550 | −0.049% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.515 | −0.087% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.714 | +0.126% | $2.04B | $675.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.571 | −0.027% | $10.1M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.528 | −0.072% | $204K | $12K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.670 | +0.079% | $46.6M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.683 | +0.093% | $227.1M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.670 | +0.079% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.688 | +0.098% | $7.7M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.939 | +0.367% | $31.4M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.991 | +0.422% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.940 | +0.368% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.838 | +0.259% | $679K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.603 | +0.008% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USDlong | +0.0100% | 1h | 93.596 | long leg | $473K | $2.5M | 20x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.673 | +0.082% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.653 | +0.061% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.623 | +0.029% | $18.7M | $44.5M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.590 | −0.006% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0179% | 4h | 93.552 | −0.047% | $17.0M | $12.1M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.490 | +0.955% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.571 | −0.027% | $2.7M | $6.8M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0227% | 8h | 93.642 | +0.049% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.568 | −0.030% | $79K | $142K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0156% | 1h | 93.615 | +0.020% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0373% | 4h | 93.850 | +0.271% | $1.5M | $6.1M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0615% | 1h | 93.757 | +0.172% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0673% | 1h | 93.761 | +0.176% | $20.9M | $29.8M | 50x | as long as short |
Bybit HYPEUSDT
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Bluefin HYPE-PERP
Phemex HYPEUSDT
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
Vest HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD