Funding you earn now, next payment 07:00 UTC−0.0406%/8h= −44.4% APRnext payment −$0.51 per $10,000 · paid last 24h −0.076%
Price spread now: Ondo Perps against Deribit−0.099%7-day average −0.127% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.099%, 7d avg −0.127%
=Together, before fees−0.154%+ Points / potential airdropOndo Perps: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.027% dearer against Deribit than usual: you sell high and buy low (spread −0.099% now, against its 7-day average of −0.127%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.121% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.51 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 | Deribit HYPE_USDC-PERPETUAL | 93.703 | 0.0273 | pay 0.0034% / 1h | 48m 38s | $7.4M | $4.2M | 50x |
| Short | Ondo Perps HYPE-USD.P | 93.610 | −0.0133 | pay 0.0017% / 1h | 48m 38s | $706K | $1.2M | 10x |
Deribit HYPE_USDC-PERPETUAL
Ondo Perps HYPE-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Deribit. 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
- −$85.22
- Price spread: −0.099% → −0.127%
- $2.73
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$94.49
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, just now; Ondo 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 Deribit live order book, just now | 0.53 bp | 4.9 bp −$5 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo 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 | −0.1136% | 1h | 93.719 | +0.017% | $199K | $242K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0248% | 1h | 93.846 | +0.153% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.Pshort | −0.0133% | 1h | 93.610 | −0.099% | $706K | $1.2M | 10x | |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.716 | +0.014% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 93.687 | −0.017% | $86K | $372K | 20x | as long as short |
| Bullet HYPE-USD | −0.0053% | 1h | 93.613 | −0.096% | $111K | $581K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0029% | 1h | 93.599 | −0.111% | $79K | $156K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0019% | 4h | 93.600 | −0.110% | $145K | $681K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.622 | −0.087% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.679 | −0.026% | $22K | $285K | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Bullet HYPE-USD
Bluefin HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.646 | −0.061% | $63K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0010% | 8h | 93.632 | −0.076% | $316.3M | $288.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0010% | 4h | 93.619 | −0.090% | — | $53.7M | — | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 93.780 | +0.082% | $210K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 93.634 | −0.074% | $225.5M | $99.6M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0071% | 8h | 93.624 | −0.084% | $12.8M | $2.8M | 50x | as long as short |
| ApeX Omni HYPEUSDT | +0.0074% | 1h | 93.801 | +0.105% | $348K | $1.0M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0083% | 8h | 93.647 | −0.060% | $335K | $161K | 20x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.590 | −0.121% | $1.0M | $4.0M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0091% | 4h | 93.758 | +0.059% | $5.0M | $30.5M | 30x | as long as short |
| Derive HYPE-PERP | +0.0092% | 1h | 93.581 | −0.130% | $16.3M | $7.4M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.613 | −0.096% | $16.1M | $63.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.618 | −0.091% | $3.1M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.670 | −0.035% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.600 | −0.110% | $23K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.698 | −0.005% | $7.4M | $50.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.704 | +0.001% | $2.05B | $682.6M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.666 | −0.039% | $8.9M | $37.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.670 | −0.035% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.667 | −0.038% | $375.3M | $931.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.625 | −0.083% | $115.7M | $316.1M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.644 | −0.063% | $48.4M | $54.9M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.675 | −0.030% | $88.9M | $83.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.667 | −0.038% | $46.3M | $18.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.611 | −0.098% | $7.2M | $10.8M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.670 | −0.036% | $28.6M | $56.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.726 | +0.025% | $7.6M | $48.1M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.812 | +0.116% | $679K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.723 | +0.022% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.664 | −0.042% | $470K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.741 | +0.041% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.598 | −0.112% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.807 | +0.111% | $1.4M | $6.7M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.731 | +0.030% | $216K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.595 | −0.115% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.622 | −0.087% | $396K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0106% | 8h | 93.653 | −0.053% | $1.8M | $5.6M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.820 | +0.125% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.670 | −0.035% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0271% | 1h | 93.602 | −0.108% | $77K | $130K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUALlong | +0.0273% | 1h | 93.703 | long leg | $7.4M | $4.2M | 50x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 93.664 | −0.042% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.600 | −0.110% | $17.0M | $12.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0415% | 1h | 93.673 | −0.032% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.644 | −0.063% | $3.2M | $6.4M | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Phoenix HYPE
Bitget HYPEUSDT
Phemex HYPEUSDT
ApeX Omni HYPEUSDT
Paradex HYPE-USD-PERP
Arcus HYPE-USD
edgeX HYPEUSDC
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC