Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.058%
Price spread now: Injective against Variational Omni+0.136%61s7-day average +0.202% · 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)+0.699%+$70 on $10k
+Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.136%, 7d avg +0.202%
=Together, before fees+0.553%+ Points / potential airdropVariational Omni: Active · farm board+$55 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 0.065% cheaper against Variational Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.202%. The two prices were read 61 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 | Variational Omni HYPE | 93.552 | 0.0100 | pay 0.0100% / 8h | 58m 18s | $30.9M | $51.8M | — |
| Short | Injective HYPE/USDC PERP | 93.680 | 0.0104 | get 0.0013% / 1h | 58m 18s | $30K | $338K | 12x |
Variational Omni HYPE
Injective HYPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $0.75
- Price spread: +0.136% → +0.202%
- −$6.52
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$5.79
- Costs to cover
- 0.000%
- Break-even
- 61.1 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Injective: live order book, 21 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, 1 min ago | 0.47 bp | doesn't fit | 4.9 bp −$49 | 19.3 bp −$1,928 | doesn't fit |
| Sell Injective live order book, 21 min ago | 9.65 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 | −0.0504% | 1h | 93.704 | +0.163% | $198K | $228K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0491% | 1h | 93.590 | +0.041% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 93.698 | +0.156% | $1.2M | $3.8M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.732 | +0.192% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0027% | 1h | 93.690 | +0.147% | $701K | $901K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.819 | +0.285% | $128K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.776 | +0.239% | $23K | $330K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.817 | +0.283% | $28K | — | 150x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0014% | 4h | 93.800 | +0.265% | $177K | $524K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.790 | +0.254% | $324.3M | $280.4M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Orderly PERP_HYPE_USDC
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0020% | 4h | 93.782 | +0.245% | $8.9M | $35.7M | 300x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.753 | +0.214% | $215K | $1.2M | 10x | as long as short |
| Derive HYPE-PERP | +0.0059% | 1h | 93.750 | +0.211% | $16.4M | $6.9M | 10x | as long as short |
| 01 Exchange HYPEUSD | +0.0064% | 1h | 93.839 | +0.306% | $91K | $355K | 20x | as long as short |
| Gate HYPE_USDT | +0.0064% | 4h | 93.794 | +0.258% | $44.2M | $57.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0066% | 4h | 93.806 | +0.271% | $90.8M | $80.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0067% | 4h | 93.805 | +0.270% | $385.1M | $884.8M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0071% | 4h | 93.562 | +0.010% | $5.1M | $29.7M | 30x | as long as short |
| Phemex HYPEUSDT | +0.0078% | 8h | 93.696 | +0.154% | $12.8M | $2.6M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.807 | +0.272% | $18.7M | $58.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.752 | +0.213% | $3.0M | $12.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.802 | +0.267% | $63K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.781 | +0.245% | $399K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.767 | +0.229% | $341K | $169K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.780 | +0.243% | $29K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.715 | +0.174% | $5.9M | $44.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.794 | +0.258% | $10.1M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.803 | +0.268% | $114.7M | $313.8M | 50x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.815 | +0.281% | $47.2M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.801 | +0.266% | $227.5M | $102.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.796 | +0.260% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.764 | +0.226% | $7.9M | $10.5M | 20x | as long as short |
| Variational Omni HYPElong | +0.0100% | 8h | 93.552 | long leg | $30.9M | $51.8M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.616 | +0.068% | $7.5M | $45.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.565 | +0.013% | $416K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.677 | +0.133% | $677K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.801 | +0.265% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.840 | +0.307% | $496K | $2.5M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.795 | +0.259% | $112K | $577K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.803 | +0.268% | $76K | $166K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.808 | +0.273% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.802 | +0.267% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.680 | +0.136% | $205K | $7K | 10x | as long as short |
| Injective HYPE/USDC PERPshort | +0.0104% | 1h | 93.680 | +0.136% | $30K | $338K | 12x | |
| Extended HYPE-USD | +0.0104% | 1h | 93.769 | +0.231% | $18.3M | $41.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0120% | 8h | 93.804 | +0.269% | $1.9M | $5.1M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 93.770 | +0.233% | $4.9M | $5.7M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0208% | 1h | 93.890 | +0.361% | $7.4M | $4.5M | 50x | as long as short |
| HTX HYPE-USDT | +0.0219% | 4h | 93.915 | +0.388% | $1.5M | $7.7M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0248% | 1h | 93.801 | +0.266% | $77K | $142K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0267% | 4h | 93.753 | +0.214% | $17.0M | $12.3M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0284% | 1h | 93.835 | +0.302% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0165% | 1h | 93.801 | +0.265% | $1.4M | — | 100x | as long as short |
| Hyperliquid HYPE | +0.0398% | 1h | 93.854 | +0.322% | $2.04B | $666.5M | 10x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0578% | 1h | 93.904 | +0.375% | $21.0M | $29.0M | 50x | as long as short |
Aster HYPEUSDT
Phoenix HYPE
Derive HYPE-PERP
01 Exchange HYPEUSD
Gate HYPE_USDT
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Phemex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
OKX HYPE-USDT-SWAP
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bullet HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
Reya HYPERUSDPERP
BloFin HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Hyperliquid HYPE
Kraken Futures PF_HYPEUSD