Funding you earn now, next payment 08:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.61 per $10,000 · paid last 24h +0.021%
Price spread now: Katana Perps against Bybit−0.021%7-day average −0.029% · 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)+0.017%+$2 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now −0.021%, 7d avg −0.029%
=The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HYPEUSDT | 93.290 | 0.0039 | pay 0.0039% / 8h | 5h 28m | $320.8M | $276.9M | 75x |
| Short | Katana Perps HYPE-USD | 93.270 | 0.0100 | get 0.0100% / 8h | 5h 28m | $17K | $1.6M | 10x |
Bybit HYPEUSDT
Katana Perps HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Bybit. 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
- $12.81
- Price spread: −0.021% → −0.029%
- $0.73
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$1.25
- Costs to cover
- 0.148%
- Break-even
- 7.7 days
Slippage unknown: Bybit: live order book, 6 min ago; 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 Bybit live order book, 6 min ago | 0.54 bp | 6.2 bp −$6 | 7.7 bp −$77 | 14.8 bp −$1,484 | 48.7 bp −$24.4K |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
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 | −0.1280% | 1h | 93.345 | +0.059% | $197K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.194 | −0.103% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0106% | 1h | 93.320 | +0.032% | $699K | $996K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.305 | +0.016% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.295 | +0.005% | $85K | $344K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0051% | 8h | 93.315 | +0.027% | $12.6M | $2.7M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.0047% | 1h | 93.448 | +0.169% | $22K | $21K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0043% | 4h | 93.327 | +0.040% | $153K | $652K | 20x | as long as short |
| Bullet HYPE-USD | −0.0007% | 1h | 93.331 | +0.044% | $111K | $578K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.309 | +0.021% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Phemex HYPEUSDT
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.302 | +0.013% | $23K | $319K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.347 | +0.061% | $62K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0023% | 4h | 93.305 | +0.016% | $8.8M | $35.5M | 300x | as long as short |
| BingX HYPE-USDT | +0.0024% | 4h | 93.301 | +0.012% | — | $53.0M | — | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.609 | +0.342% | $213K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDTlong | +0.0039% | 8h | 93.290 | long leg | $320.8M | $276.9M | 75x | |
| Gate HYPE_USDT | +0.0058% | 4h | 93.301 | +0.012% | $44.6M | $55.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 93.285 | −0.005% | $114.0M | $301.4M | 50x | as long as short |
| Derive HYPE-PERP | +0.0083% | 1h | 93.301 | +0.012% | $16.2M | $7.5M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.319 | +0.031% | $16.2M | $61.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.315 | +0.027% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.290 | 0.000% | $69K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.343 | +0.057% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USDshort | +0.0100% | 8h | 93.270 | −0.021% | $17K | $1.6M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 93.299 | +0.009% | $5.8M | $43.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.369 | +0.085% | $2.04B | $654.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.331 | +0.044% | $10.0M | $14.7M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.291 | +0.001% | $378.5M | $876.3M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.364 | +0.079% | $203K | $10K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.297 | +0.008% | $89.7M | $80.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.331 | +0.044% | $46.0M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.289 | −0.001% | $225.5M | $96.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.273 | −0.018% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.546 | +0.274% | $31.2M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.614 | +0.348% | $7.6M | $45.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.581 | +0.312% | $340K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.415 | +0.134% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.366 | +0.081% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.333 | +0.046% | $471K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.296 | +1.078% | $80K | $170K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.436 | +0.157% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.313 | +0.025% | $2.0M | $1.9M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0102% | 4h | 93.459 | +0.181% | $5.1M | $29.7M | 30x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.270 | −0.021% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.321 | +0.034% | $397K | $162K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.390 | +0.107% | $4.8M | $5.5M | 50x | as long as short |
| HTX HYPE-USDT | +0.0180% | 4h | 93.500 | +0.225% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0258% | 1h | 93.299 | +0.009% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0280% | 8h | 93.416 | +0.135% | $1.9M | $5.0M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.358 | +0.073% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.339 | +0.053% | $16.9M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0361% | 1h | 93.402 | +0.120% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.377 | +0.093% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.280 | −0.011% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.373 | +0.089% | $20.7M | $29.8M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
BingX HYPE-USDT
Phoenix HYPE
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
MEXC HYPE_USDT
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
edgeX HYPEUSDC
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD