Funding you earn now, next payment 02:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.020%
Price spread now: dYdX against Bullet+0.068%7-day average −0.017% · 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−$67as in the Price arb table
costs, in and out, $10k−$750.752% of the position
Funding, last 3 days (all we have)−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)−1.243%−$124 · spread now +0.068%, 7d avg −0.017%
=The price spread pays, funding is against you. dYdX is 0.085% dearer against Bullet than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of −0.017%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet HYPE-USD | 93.693 | 0.0061 | pay 0.0008% / 1h | 19m 23s | $111K | $577K | 20x |
| Short | dYdX HYPE-USD | 93.756 | 0 | get 0.0000% / 1h | 19m 23s | $129K | $31K | 5x |
Bullet HYPE-USD
dYdX HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Bullet. 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
- −$12.85
- Price spread: +0.068% → −0.017%
- $8.48
- Slippage, 4 orders
- −$57.21
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$79.58
- Costs to cover
- 0.752%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 50 min ago; dYdX: live order book, 50 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 Bullet live order book, 50 min ago | 0.64 bp | 6.4 bp −$6 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 50 min ago | 25.82 bp | 30.8 bp −$31 | 37.7 bp −$377 | 143.0 bp −$14.3K | 1105.7 bp −$552.9K |
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 | −0.1032% | 1h | 93.783 | +0.096% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.594 | −0.106% | $1.2M | $3.8M | 10x | as long as short |
| Phemex HYPEUSDT | −0.0118% | 8h | 93.762 | +0.074% | $12.7M | $2.7M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.0093% | 1h | 93.804 | +0.118% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0080% | 1h | 93.640 | −0.057% | $702K | $921K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.746 | +0.057% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0057% | 4h | 93.678 | −0.016% | $156K | $646K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.717 | +0.026% | $85K | $350K | 20x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0036% | 1h | 93.701 | +0.009% | $7.8M | $10.3M | 20x | as long as short |
| Gate HYPE_USDT | −0.0030% | 4h | 93.674 | −0.020% | $44.4M | $55.1M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Phemex HYPEUSDT
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Backpack HYPE_USDC_PERP
Gate HYPE_USDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0006% | 4h | 93.699 | +0.007% | $8.8M | $35.8M | 300x | as long as short |
| dYdX HYPE-USDshort | 0.0000% | 1h | 93.756 | +0.068% | $129K | $31K | 5x | |
| Perpl HYPE | 0.0000% | 43m | 93.739 | +0.049% | $22K | $325K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.698 | +0.006% | $26K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0003% | 8h | 93.670 | −0.025% | $321.7M | $280.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0004% | 4h | 93.670 | −0.025% | — | $53.6M | — | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.885 | +0.205% | $213K | $1.2M | 10x | as long as short |
| Bullet HYPE-USDlong | +0.0061% | 1h | 93.693 | long leg | $111K | $577K | 20x | |
| MEXC HYPE_USDT | +0.0066% | 4h | 93.687 | −0.006% | $89.0M | $83.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0067% | 4h | 93.694 | +0.001% | $381.0M | $890.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0068% | 8h | 93.720 | +0.029% | $115.2M | $307.6M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0072% | 4h | 93.783 | +0.096% | $5.1M | $30.0M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 93.751 | +0.062% | $341K | $164K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.742 | +0.053% | $16.4M | $62.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.735 | +0.045% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.703 | +0.011% | $67K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.714 | +0.022% | $399K | $175K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.750 | +0.061% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.707 | +0.014% | $5.7M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.819 | +0.134% | $2.05B | $665.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.742 | +0.052% | $10.1M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.739 | +0.049% | $46.4M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.720 | +0.029% | $227.0M | $98.3M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.748 | +0.058% | $31.1M | $54.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.837 | +0.154% | $7.6M | $47.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.800 | +0.114% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.773 | +0.085% | $669K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.773 | +0.085% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.742 | +0.052% | $473K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.673 | −0.021% | $79K | $171K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.699 | +0.007% | $16.3M | $7.7M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.796 | +0.110% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.701 | +0.009% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.880 | +0.200% | $204K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.672 | −0.022% | $18.3M | $44.2M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.830 | +0.146% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.740 | +0.050% | $30K | $339K | 12x | as long as short |
| HTX HYPE-USDT | +0.0198% | 4h | 93.873 | +0.192% | $1.4M | $5.9M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.786 | +0.100% | $3.2M | $7.0M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0255% | 1h | 93.711 | +0.019% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0278% | 8h | 93.786 | +0.099% | $1.9M | $4.9M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.737 | +0.047% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0390% | 1h | 93.806 | +0.121% | $7.4M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0680% | 1h | 93.795 | +0.109% | $20.9M | $29.8M | 50x | as long as short |
Aster HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk 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