Funding you earn now, next payment 03:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.14 per $10,000 · paid last 24h +0.005%
Price spread now: Bullet against Aftermath Perps−0.340%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bullet is 0.340% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps HYPEUSD | 93.325 | 0.0013 | pay 0.0002% / 1h | 58m 30s | $22K | $21K | 10x |
| Short | Bullet HYPE-USD | 93.007 | −0.0095 | pay 0.0012% / 1h | 58m 30s | $112K | $578K | 20x |
Aftermath Perps HYPEUSD
Bullet HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Aftermath Perps. 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
- −$22.73
- Price spread: −0.340% → 0.000%
- −$34.05
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$73.77
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Bullet: live order book, 6 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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell Bullet live order book, 6 min ago | 0.48 bp | 7.4 bp −$7 | 10.8 bp −$108 | doesn't fit | doesn't fit |
Aftermath 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 54 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 | −0.1136% | 1h | 93.123 | −0.216% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 92.959 | −0.392% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0313% | 1h | 93.040 | −0.306% | $698K | $902K | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0180% | 1h | 93.168 | −0.168% | $79K | $170K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0096% | 1h | 93.078 | −0.265% | $84K | $346K | 20x | as long as short |
| Bullet HYPE-USDshort | −0.0095% | 1h | 93.007 | −0.340% | $112K | $578K | 20x | |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.198 | −0.136% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0052% | 4h | 92.992 | −0.357% | $155K | $639K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0041% | 8h | 93.198 | −0.136% | $12.6M | $2.7M | 50x | as long as short |
| Aster HYPEUSDT | −0.0005% | 4h | 93.074 | −0.270% | $8.8M | $35.4M | 300x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Bluefin HYPE-PERP
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
Aster HYPEUSDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX HYPE-USD | 0.0000% | 1h | 93.100 | −0.241% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.092 | −0.250% | $22K | $321K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.025 | −0.322% | $25K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0009% | 8h | 92.990 | −0.359% | $319.1M | $275.7M | 75x | as long as short |
| Gate HYPE_USDT | +0.0012% | 4h | 92.999 | −0.349% | $44.3M | $54.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0012% | 4h | 93.020 | −0.327% | — | $53.1M | — | as long as short |
| Aftermath Perps HYPEUSDlong | +0.0013% | 1h | 93.325 | long leg | $22K | $21K | 10x | |
| Phoenix HYPE | +0.0060% | 1h | 93.318 | −0.008% | $210K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 93.020 | −0.327% | $114.2M | $300.1M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0078% | 4h | 93.017 | −0.330% | $87.6M | $79.7M | 100x | as long as short |
| Binance HYPEUSDT | +0.0078% | 4h | 93.008 | −0.340% | $378.2M | $873.5M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0083% | 4h | 93.256 | −0.075% | $5.0M | $30.1M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.097 | −0.245% | $16.2M | $61.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.086 | −0.256% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.062 | −0.282% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.106 | −0.235% | $338K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.090 | −0.252% | $12K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.005 | −0.342% | $5.7M | $43.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.138 | −0.200% | $2.03B | $658.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.105 | −0.236% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | +0.011% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.081 | −0.262% | $46.1M | $17.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.012 | −0.336% | $225.2M | $96.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.155 | −0.182% | $7.4M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.219 | −0.114% | $31.1M | $54.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.419 | +0.101% | $7.5M | $46.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.263 | −0.067% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.218 | −0.115% | $665K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.122 | −0.218% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.054 | −0.291% | $473K | $2.4M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.171 | −0.166% | $16.2M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.298 | −0.029% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.194 | −0.140% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.034 | −0.312% | $18.3M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.191 | −0.144% | $396K | $170K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.230 | −0.102% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0206% | 4h | 93.361 | +0.038% | $1.4M | $5.9M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0256% | 1h | 93.002 | −0.346% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0278% | 8h | 93.248 | −0.083% | $1.9M | $4.8M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.023 | −0.324% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0372% | 1h | 93.280 | −0.048% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.157 | −0.180% | $3.2M | $6.7M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.170 | −0.166% | $30K | $338K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0686% | 1h | 93.276 | −0.053% | $20.8M | $30.0M | 50x | as long as short |
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
Gate HYPE_USDT
BingX HYPE-USDT
Phoenix HYPE
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
Variational Omni HYPE
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
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD