Funding you earn now, next payment 03:00 UTC−0.0999%/8h= −109.3% APRpaid last 24h −0.073%
Price spread now: Arcus against Variational Omni+0.131%7-day average +0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.097%−$10 on $10k
+Price spread, last 7 days−0.121%−$12 · spread now +0.131%, 7d avg +0.009%
=Together, before fees−0.218%+ Points / potential airdropVariational Omni: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.122% dearer against Variational Omni than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.009%): +$12 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 3 days (−0.097% in total) that is about 4.3 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.097% in total (about -10.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni HYPE | 93.339 | 0.0100 | pay 0.0100% / 8h | 5h 44m | $31.1M | $54.0M | — |
| Short | Arcus HYPE-USD | 93.461 | −0.0899 | pay 0.0112% / 1h | 44m 58s | $1.2M | $3.8M | 10x |
Variational Omni HYPE
Arcus HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Variational Omni. 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
- −$209.7
- Price spread: +0.131% → +0.009%
- $12.22
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$201.98
- Costs to cover
- 0.045%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Arcus: live order book, 4 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 Variational Omni RFQ quote, 4 min ago | 0.41 bp | doesn't fit | 5.4 bp −$54 | 23.3 bp −$2,328 | doesn't fit |
| Sell Arcus live order book, 4 min ago | 0.54 bp | 3.2 bp −$3 | 4.0 bp −$40 | 268.5 bp −$26.9K | 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 | −0.1208% | 1h | 93.237 | −0.109% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USDshort | −0.0899% | 1h | 93.461 | +0.131% | $1.2M | $3.8M | 10x | |
| Bluefin HYPE-PERP | −0.0165% | 1h | 93.531 | +0.206% | $79K | $170K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0103% | 8h | 93.518 | +0.192% | $12.6M | $2.7M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.540 | +0.216% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0047% | 4h | 93.549 | +0.225% | $156K | $629K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0034% | 1h | 93.339 | 0.000% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 93.580 | +0.259% | $85K | $346K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0005% | 1h | 93.490 | +0.162% | $698K | $977K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.524 | +0.198% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Bluefin HYPE-PERP
Phemex HYPEUSDT
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.551 | +0.227% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.576 | +0.254% | $62K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0008% | 4h | 93.507 | +0.180% | — | $53.1M | — | as long as short |
| Aster HYPEUSDT | +0.0008% | 4h | 93.578 | +0.257% | $8.8M | $35.6M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.418 | +0.085% | $213K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0031% | 8h | 93.557 | +0.234% | $323.0M | $276.4M | 75x | as long as short |
| Gate HYPE_USDT | +0.0056% | 4h | 93.574 | +0.252% | $44.7M | $54.6M | 75x | as long as short |
| Bullet HYPE-USD | +0.0062% | 1h | 93.573 | +0.251% | $111K | $577K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.569 | +0.247% | $114.5M | $302.7M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0090% | 4h | 93.523 | +0.197% | $87.8M | $80.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0090% | 4h | 93.542 | +0.218% | $379.8M | $876.9M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0092% | 4h | 93.250 | −0.095% | $5.0M | $30.0M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.599 | +0.279% | $16.4M | $61.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.588 | +0.267% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.579 | +0.257% | $68K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.608 | +0.288% | $340K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.580 | +0.259% | $19K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.572 | +0.251% | $5.8M | $43.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.646 | +0.329% | $2.04B | $655.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.565 | +0.243% | $10.1M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | +0.259% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.584 | +0.263% | $46.0M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.571 | +0.249% | $226.3M | $96.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.555 | +0.232% | $7.4M | $10.4M | 20x | as long as short |
| Variational Omni HYPElong | +0.0100% | 8h | 93.339 | long leg | $31.1M | $54.0M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.288 | −0.055% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.280 | −0.063% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.354 | +0.016% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.579 | +0.258% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.606 | +0.286% | $473K | $2.5M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.537 | +0.213% | $16.2M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.654 | +0.338% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.575 | +0.253% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.549 | +0.225% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.549 | +0.225% | $398K | $170K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.640 | +0.323% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0204% | 4h | 93.714 | +0.402% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.549 | +0.225% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0280% | 8h | 93.580 | +0.259% | $1.9M | $5.0M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0330% | 4h | 93.572 | +0.250% | $17.0M | $11.7M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.581 | +0.260% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0338% | 1h | 93.645 | +0.328% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.668 | +0.353% | $3.2M | $6.5M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.430 | +0.098% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0683% | 1h | 93.653 | +0.337% | $20.8M | $30.1M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Aster HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
Bullet HYPE-USD
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD