Funding you earn now, next payment 09:00 UTC+0.0031%/8h= +3.3% APRpaid last 24h +0.009%
Price spread now: Katana Perps against Vest−0.075%7-day average −0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)−0.966%−$97 · spread now −0.075%, 7d avg −0.020%
=Together, before fees−0.862%+ Points / potential airdropVest: Active · farm board−$86 on $10k · with fees, hour by hour
Funding pays, the price is against you. Katana Perps is 0.056% cheaper against Vest than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.020%). If the spread goes back, that is −$6 on $10k: about 6.1 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.105% in total) that is about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest HYPE-PERP | 94.911 | 0.0069 | pay 0.0009% / 1h | 52m 30s | — | $190K | 5x |
| Short | Katana Perps HYPE-USD | 94.840 | 0.0100 | get 0.0100% / 8h | 7h 52m | $28K | $1.7M | 10x |
Vest HYPE-PERP
Katana Perps HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Vest. 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
- $6.41
- Price spread: −0.075% → −0.020%
- −$5.56
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$4.95
- Costs to cover
- 0.058%
- Break-even
- 12.4 days
Slippage unknown: Vest: no order-book sample; Katana Perps: 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 Vest no order-book sample | — | — | — | — | — |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Vest and Katana Perps: 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 | −0.1432% | 1h | 94.783 | −0.135% | $208K | $267K | 7x | as long as short |
| Phemex HYPEUSDT | −0.0507% | 8h | 94.813 | −0.104% | $12.9M | $2.9M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.0320% | 1h | 94.714 | −0.208% | $22K | $20K | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0306% | 1h | 94.783 | −0.135% | $80K | $150K | 20x | as long as short |
| Bullet HYPE-USD | −0.0149% | 1h | 94.818 | −0.099% | $112K | $576K | 20x | as long as short |
| Arcus HYPE-USD | −0.0112% | 1h | 94.825 | −0.091% | $1.0M | $3.5M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.756 | −0.164% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0074% | 1h | 94.810 | −0.107% | $714K | $1.2M | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 94.869 | −0.045% | $88K | $364K | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | −0.0047% | 1h | 94.882 | −0.031% | $20.3M | $30.3M | 50x | as long as short |
Hibachi HYPE/USDT-P
Phemex HYPEUSDT
Aftermath Perps HYPEUSD
Bluefin HYPE-PERP
Bullet HYPE-USD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Kraken Futures PF_HYPEUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.0007% | 4h | 94.799 | −0.118% | $147K | $685K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.808 | −0.109% | $130K | $94K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 94.930 | +0.020% | $1.9M | $5.5M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.846 | −0.069% | $19K | $285K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S 0.0000% | 1h | 94.763 | −0.157% | $124K | — | 150x | as long as short |
| Phoenix HYPE | +0.0008% | 1h | 94.810 | −0.107% | $208K | $1.2M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0012% | 4h | 94.834 | −0.082% | $227.4M | $99.6M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0016% | 1h | 94.800 | −0.117% | $4.7M | $6.2M | 50x | as long as short |
| Derive HYPE-PERP | +0.0022% | 1h | 94.691 | −0.232% | $16.4M | $7.4M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0051% | 8h | 94.873 | −0.041% | $339K | $154K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0064% | 8h | 94.831 | −0.085% | $118.2M | $327.6M | 50x | as long as short |
| Bybit HYPEUSDT | +0.0067% | 8h | 94.830 | −0.086% | $317.9M | $288.8M | 75x | as long as short |
| Vest HYPE-PERPlong | +0.0069% | 1h | 94.911 | long leg | — | $190K | 5x | |
| Lighter HYPE | +0.0080% | 1h | 94.832 | −0.084% | $16.3M | $61.8M | 20x | as long as short |
| edgeX HYPEUSDC | +0.0083% | 4h | 94.539 | −0.393% | $5.0M | $30.7M | 30x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.827 | −0.089% | $3.2M | $10.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.853 | −0.062% | $144K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USDshort | +0.0100% | 8h | 94.840 | −0.075% | $28K | $1.7M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 94.840 | −0.075% | $7.3M | $52.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.928 | +0.017% | $2.09B | $688.4M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.837 | −0.078% | $9.6M | $37.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.869 | −0.045% | $10.2M | $14.8M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.843 | −0.072% | $380.8M | $933.6M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.685 | −0.239% | $219K | $12K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.828 | −0.088% | $51.0M | $53.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.827 | −0.089% | $93.8M | $84.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.825 | −0.091% | $47.0M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.847 | −0.068% | — | $53.4M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.821 | −0.095% | $7.6M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.549 | −0.381% | $29.9M | $55.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.656 | −0.269% | $7.6M | $44.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.534 | −0.398% | $351K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.821 | −0.095% | $694K | $2.7M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.922 | +0.011% | $501K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.946 | +0.036% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.825 | −0.091% | $2.1M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.976 | +0.068% | $1.4M | $6.9M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.822 | −0.095% | $18.4M | $43.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.826 | −0.090% | $401K | $153K | 20x | as long as short |
| RISEx HYPE/USDC | +0.0133% | 1h | 94.889 | −0.023% | $3.2M | $6.4M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0153% | 1h | 94.950 | +0.041% | $31K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0272% | 1h | 94.803 | −0.114% | $83K | $118K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0327% / S −0.0152% | 1h | 94.868 | −0.046% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0340% | 1h | 94.918 | +0.007% | $7.5M | $4.4M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.800 | −0.117% | $17.2M | $12.5M | 75x | as long as short |
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Bitget HYPEUSDT
Coinbase International HYPE-PERP-INTX
Derive HYPE-PERP
Paradex HYPE-USD-PERP
OKX HYPE-USDT-SWAP
Bybit HYPEUSDT
Lighter HYPE
edgeX HYPEUSDC
Lighter RH HYPE
Popdex HYPEUSDT
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDT