Funding you earn now, next payment 02:00 UTC+0.0024%/8h= +2.7% APRpaid last 24h −0.008%
Price spread now: Derive against Binance−0.092%7-day average −0.041% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)+0.055%+$5 · spread now −0.092%, 7d avg −0.041%
=Funding pays, the price is against you. Derive is 0.051% cheaper against Binance than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.041%). If the spread goes back, that is −$5 on $10k: about 6.9 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HYPEUSDT | 93.452 | 0.0076 | pay 0.0038% / 4h | 2h 04m | $380.2M | $880.4M | 75x |
| Short | Derive HYPE-PERP | 93.367 | 0.0100 | get 0.0013% / 1h | 4m 12s | $16.2M | $7.7M | 10x |
Binance HYPEUSDT
Derive HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Binance. 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
- $5.14
- Price spread: −0.092% → −0.041%
- −$5.05
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$15.92
- Costs to cover
- 0.160%
- Break-even
- 28.7 days
Slippage unknown: Binance: live order book, 10 min ago; Derive: 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 Binance live order book, 10 min ago | 0.05 bp | 5.3 bp −$5 | 7.7 bp −$77 | 15.6 bp −$1,564 | 31.7 bp −$15.9K |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | −0.1120% | 1h | 93.308 | −0.154% | $196K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.352 | −0.107% | $1.2M | $3.8M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.347 | −0.113% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0075% | 8h | 93.388 | −0.069% | $12.6M | $2.7M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0061% | 1h | 93.330 | −0.131% | $699K | $905K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0053% | 4h | 93.381 | −0.076% | $156K | $640K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.501 | +0.052% | $85K | $347K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0034% | 1h | 93.481 | +0.030% | $22K | $21K | 10x | as long as short |
| Aster HYPEUSDT | −0.0003% | 4h | 93.448 | −0.005% | $8.8M | $35.7M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.389 | −0.067% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Hotstuff HYPE-PERP
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Aster HYPEUSDT
dYdX HYPE-USDShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.485 | +0.035% | $22K | $321K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.438 | −0.015% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0006% | 4h | 93.427 | −0.027% | — | $53.4M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0009% | 1h | 93.318 | −0.144% | $7.4M | $10.4M | 20x | as long as short |
| Bybit HYPEUSDT | +0.0016% | 8h | 93.396 | −0.060% | $320.4M | $276.9M | 75x | as long as short |
| Gate HYPE_USDT | +0.0018% | 4h | 93.426 | −0.028% | $44.3M | $55.4M | 75x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.424 | −0.030% | $210K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0070% | 4h | 93.448 | −0.005% | $88.2M | $83.5M | 100x | as long as short |
| Bullet HYPE-USD | +0.0075% | 1h | 93.425 | −0.029% | $112K | $578K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 93.392 | −0.065% | $114.8M | $302.8M | 50x | as long as short |
| Binance HYPEUSDTlong | +0.0076% | 4h | 93.452 | long leg | $380.2M | $880.4M | 75x | |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.295 | −0.169% | $5.0M | $30.0M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.433 | −0.020% | $16.3M | $62.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.423 | −0.031% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.480 | +0.030% | $67K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.412 | −0.043% | $397K | $172K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.459 | +0.007% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.490 | +0.040% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.422 | −0.032% | $5.7M | $43.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.529 | +0.082% | $2.04B | $657.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.445 | −0.008% | $10.0M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | −0.126% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.431 | −0.023% | $46.2M | $18.0M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.408 | −0.047% | $226.0M | $97.3M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.349 | −0.111% | $31.1M | $54.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.391 | −0.065% | $7.5M | $47.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.340 | −0.120% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.370 | −0.088% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.484 | +0.034% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.475 | +0.024% | $475K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.370 | −0.088% | $79K | $170K | 20x | as long as short |
| Derive HYPE-PERPshort | +0.0100% | 1h | 93.367 | −0.092% | $16.2M | $7.7M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.524 | +0.077% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.401 | −0.055% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.369 | −0.089% | $18.3M | $43.6M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.410 | −0.045% | $4.9M | $5.4M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 94.180 | +0.779% | $31K | $339K | 12x | as long as short |
| HTX HYPE-USDT | +0.0194% | 4h | 93.600 | +0.158% | $1.4M | $5.9M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.559 | +0.114% | $3.2M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0256% | 1h | 93.426 | −0.029% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0279% | 8h | 93.460 | +0.008% | $1.9M | $4.9M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.429 | −0.024% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0382% | 1h | 93.477 | +0.026% | $7.4M | $4.4M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0682% | 1h | 93.474 | +0.023% | $20.8M | $29.8M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Bybit HYPEUSDT
Gate HYPE_USDT
Phoenix HYPE
MEXC HYPE_USDT
Bullet HYPE-USD
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
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
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD