Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.003%
Price spread now: Paradex against Variational Omni+0.403%7-day average +0.042% · 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)+0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.403%, 7d avg +0.042%
=Together, before fees−0.132%+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm board−$13 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: Paradex is 0.361% dearer against Variational Omni than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of +0.042%.
| 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 | 56m 26s | $30.9M | $51.8M | — |
| Short | Paradex HYPE-USD-PERP | 93.929 | 0.0099 | get 0.0099% / 8h | 56m 26s | $341K | $169K | 20x |
Variational Omni HYPE
Paradex HYPE-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$0.22
- Price spread: +0.403% → +0.042%
- $36.13
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $31.91
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Paradex: live order book, 23 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, 3 min ago | 0.47 bp | doesn't fit | 4.9 bp −$49 | 19.3 bp −$1,928 | doesn't fit |
| Sell Paradex live order book, 23 min ago | 1.29 bp | 3.3 bp −$3 | 6.7 bp −$67 | 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 | −0.0520% | 1h | 93.829 | +0.296% | $199K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0486% | 1h | 93.686 | +0.143% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 93.847 | +0.315% | $1.2M | $3.8M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.892 | +0.363% | $3K | $331 | 25x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.912 | +0.384% | $128K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.920 | +0.393% | $23K | $330K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.951 | +0.426% | $28K | — | 150x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0003% | 1h | 93.830 | +0.297% | $703K | $903K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0014% | 4h | 93.930 | +0.404% | $176K | $526K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.910 | +0.382% | $324.8M | $280.5M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Ondo Perps HYPE-USD.P
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 | +0.0024% | 4h | 93.928 | +0.401% | $8.9M | $35.8M | 300x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.805 | +0.270% | $215K | $1.2M | 10x | as long as short |
| Gate HYPE_USDT | +0.0064% | 4h | 93.925 | +0.398% | $44.5M | $57.9M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0066% | 4h | 93.925 | +0.398% | $90.8M | $80.3M | 100x | as long as short |
| Derive HYPE-PERP | +0.0069% | 1h | 93.859 | +0.328% | $16.4M | $6.9M | 10x | as long as short |
| Binance HYPEUSDT | +0.0070% | 4h | 93.929 | +0.403% | $385.6M | $885.5M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0074% | 8h | 93.842 | +0.310% | $12.8M | $2.6M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0078% | 4h | 93.744 | +0.205% | $5.1M | $29.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.966 | +0.442% | $19.0M | $58.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.954 | +0.429% | $3.1M | $12.2M | 20x | as long as short |
| 01 Exchange HYPEUSD | +0.0096% | 1h | 93.968 | +0.444% | $91K | $355K | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.925 | +0.398% | $63K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.859 | +0.328% | $399K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERPshort | +0.0099% | 8h | 93.929 | +0.403% | $341K | $169K | 20x | |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.920 | +0.393% | $29K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.919 | +0.392% | $5.9M | $44.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.953 | +0.428% | $10.1M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.913 | +0.385% | $115.0M | $314.6M | 50x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.954 | +0.429% | $47.3M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.936 | +0.410% | $227.7M | $102.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.917 | +0.390% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.926 | +0.399% | $7.9M | $10.4M | 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 | 93.759 | +0.221% | $393K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.862 | +0.331% | $679K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.914 | +0.386% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.946 | +0.421% | $484K | $2.5M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.901 | +0.373% | $112K | $577K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.929 | +0.403% | $76K | $166K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.979 | +0.456% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.904 | +0.376% | $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 PERP | +0.0104% | 1h | 93.750 | +0.211% | $30K | $338K | 12x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.901 | +0.373% | $18.6M | $42.0M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0120% | 8h | 93.972 | +0.449% | $1.9M | $5.1M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 93.870 | +0.340% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0221% | 4h | 94.082 | +0.566% | $1.5M | $7.7M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0248% | 1h | 93.916 | +0.388% | $77K | $142K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0266% | 4h | 93.898 | +0.369% | $17.0M | $12.3M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0272% | 1h | 93.995 | +0.473% | $7.4M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0284% | 1h | 93.981 | +0.458% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0165% | 1h | 93.897 | +0.368% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0577% | 1h | 94.020 | +0.500% | $21.0M | $29.0M | 50x | as long as short |
| Hyperliquid HYPE | +0.0602% | 1h | 93.968 | +0.444% | $2.05B | $667.6M | 10x | as long as short |
Aster HYPEUSDT
Phoenix HYPE
Gate HYPE_USDT
MEXC HYPE_USDT
Derive HYPE-PERP
Binance HYPEUSDT
Phemex HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
01 Exchange HYPEUSD
Popdex HYPEUSDT
Aevo HYPE-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
Injective HYPE/USDC PERP
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
Hyperliquid HYPE