Funding you earn now, next payment 01:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h +0.028%
Price spread now: Extended against 01 Exchange+0.093%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$190.192% of the position
Funding, last 3 days (all we have)+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.227%−$23 · spread now +0.093%, 7d avg −0.073%
=Together, before fees−0.188%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Extended is 0.167% dearer against 01 Exchange than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.073%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.039% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. 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 | 01 Exchange HYPEUSD | 93.536 | −0.0096 | get 0.0012% / 1h | 18m 24s | $85K | $360K | 20x |
| Short | Extended HYPE-USD | 93.623 | 0.0104 | get 0.0013% / 1h | 18m 24s | $18.7M | $44.5M | 50x |
01 Exchange HYPEUSD
Extended HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against 01 Exchange. 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
- $42
- Price spread: +0.093% → −0.073%
- $16.68
- Slippage, 4 orders
- −$7.19
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $39.49
- Costs to cover
- 0.192%
- Break-even
- 0.4 days
Slippage from 01 Exchange: live order book, 56 min ago; Extended: live order book, 6 min ago.
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 01 Exchange live order book, 56 min ago | 0.16 bp | 6.9 bp −$7 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Extended live order book, 6 min ago | 0.05 bp | 2.6 bp −$3 | 4.0 bp −$40 | 25.4 bp −$2,544 | 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 | −0.1312% | 1h | 93.756 | +0.235% | $198K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.417 | −0.127% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0185% | 1h | 93.952 | +0.445% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0151% | 1h | 93.510 | −0.028% | $710K | $955K | 10x | as long as short |
| dYdX HYPE-USD | −0.0108% | 1h | 93.519 | −0.018% | $128K | $31K | 5x | as long as short |
| Bullet HYPE-USD | −0.0097% | 1h | 93.605 | +0.074% | $113K | $581K | 20x | as long as short |
| 01 Exchange HYPEUSDlong | −0.0096% | 1h | 93.536 | long leg | $85K | $360K | 20x | |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.531 | −0.005% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0080% | 4h | 93.619 | +0.089% | $44.4M | $60.1M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0027% | 4h | 93.603 | +0.072% | $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
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 | 93.660 | +0.133% | $321.7M | $280.4M | 75x | as long as short |
| Phemex HYPEUSDT | −0.0017% | 8h | 93.548 | +0.013% | $12.7M | $2.6M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.591 | +0.059% | $23K | $326K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.626 | +0.096% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0003% | 4h | 93.592 | +0.060% | $8.9M | $36.1M | 300x | as long as short |
| Derive HYPE-PERP | +0.0003% | 1h | 93.596 | +0.064% | $16.4M | $7.3M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.149 | +0.655% | $219K | $1.2M | 10x | as long as short |
| Binance HYPEUSDT | +0.0042% | 4h | 93.619 | +0.088% | $381.9M | $894.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0044% | 4h | 93.576 | +0.043% | $88.1M | $83.1M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0057% | 4h | 93.961 | +0.454% | $5.1M | $30.0M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0074% | 8h | 93.645 | +0.117% | $115.6M | $316.6M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0083% | 1h | 93.651 | +0.123% | $76K | $170K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.555 | +0.020% | $19.1M | $60.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.538 | +0.002% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.540 | +0.004% | $66K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.596 | +0.064% | $398K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.554 | +0.019% | $340K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.550 | +0.015% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.515 | −0.022% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.631 | +0.102% | $2.04B | $675.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.571 | +0.037% | $10.1M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.528 | −0.008% | $204K | $12K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.570 | +0.036% | $46.5M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.687 | +0.161% | $227.1M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.607 | +0.076% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.522 | −0.015% | $7.7M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.939 | +0.431% | $31.4M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.991 | +0.487% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.940 | +0.432% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.838 | +0.323% | $679K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.603 | +0.072% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.596 | +0.064% | $473K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.673 | +0.146% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.653 | +0.125% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USDshort | +0.0104% | 1h | 93.623 | +0.093% | $18.7M | $44.5M | 50x | |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.590 | +0.058% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0179% | 4h | 93.552 | +0.017% | $17.0M | $12.1M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.490 | +1.020% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.571 | +0.037% | $2.7M | $6.8M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0227% | 8h | 93.641 | +0.112% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.568 | +0.034% | $79K | $142K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0156% | 1h | 93.615 | +0.084% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0374% | 4h | 93.750 | +0.229% | $1.5M | $6.1M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0615% | 1h | 93.757 | +0.236% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0673% | 1h | 93.761 | +0.240% | $20.9M | $29.8M | 50x | as long as short |
Bybit HYPEUSDT
Phemex HYPEUSDT
Perpl HYPE
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
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
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX 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