Funding you earn now, next payment 06:00 UTC−0.0254%/8h= −27.8% APRnext payment −$0.32 per $10,000 · paid last 24h −0.047%
Price spread now: Vest against Deribit−0.075%7-day average −0.056% · 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)−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now −0.075%, 7d avg −0.056%
=Together, before fees−0.134%+ Points / potential airdropVest: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HYPE_USDC-PERPETUAL | 94.374 | 0.0354 | pay 0.0044% / 1h | 3m 03s | $7.5M | $4.1M | 50x |
| Short | Vest HYPE-PERP | 94.303 | 0.0100 | get 0.0013% / 1h | 3m 03s | — | $243K | 5x |
Deribit HYPE_USDC-PERPETUAL
Vest HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$53.34
- Price spread: −0.075% → −0.056%
- −$1.92
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$64.26
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 1 min ago; Vest: 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, 1 min ago | 1.48 bp | 6.6 bp −$7 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | −0.1288% | 1h | 94.273 | −0.107% | $201K | $241K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0311% | 1h | 94.294 | −0.085% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.328 | −0.049% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0015% | 4h | 94.245 | −0.137% | $150K | $681K | 20x | as long as short |
| Bullet HYPE-USD | 0.0000% | 1h | 94.266 | −0.115% | $112K | $580K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.272 | −0.108% | $129K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 94.238 | −0.144% | $87K | $372K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.263 | −0.118% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 94.260 | −0.121% | $63K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 94.207 | −0.177% | $1.0M | $4.0M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USD
01 Exchange HYPEUSD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | +0.0019% | 8h | 94.250 | −0.131% | $318.4M | $287.0M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 94.438 | +0.068% | $211K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0036% | 8h | 94.265 | −0.115% | $12.8M | $2.8M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0036% | 4h | 94.279 | −0.101% | $227.4M | $99.4M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0063% | 1h | 94.210 | −0.174% | $711K | $1.2M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 94.277 | −0.103% | $342K | $158K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.290 | −0.089% | $16.4M | $63.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.297 | −0.082% | $3.2M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.232 | −0.150% | $78K | $1.2M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0098% | 4h | 94.343 | −0.033% | $5.0M | $30.4M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.230 | −0.153% | $30K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.245 | −0.136% | $7.1M | $49.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.385 | +0.012% | $2.07B | $679.9M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.278 | −0.102% | $8.8M | $37.0M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.261 | −0.120% | $10.2M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.276 | −0.104% | $378.9M | $925.5M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.257 | −0.124% | $116.5M | $317.8M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.277 | −0.103% | $48.3M | $55.8M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.279 | −0.101% | $91.0M | $82.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.284 | −0.095% | $46.6M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.281 | −0.099% | — | $53.7M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.328 | −0.049% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.388 | +0.015% | $28.9M | $56.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.427 | +0.056% | $7.7M | $48.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.313 | −0.065% | $344K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.316 | −0.061% | $675K | $2.8M | 20x | as long as short |
| Vest HYPE-PERPshort | +0.0100% | 1h | 94.303 | −0.075% | — | $243K | 5x | |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.254 | −0.127% | $478K | $2.8M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.279 | −0.101% | $80K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 94.269 | −0.112% | $16.3M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.313 | −0.065% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.289 | −0.090% | $2.1M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.400 | +0.028% | $1.4M | $6.6M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.197 | −0.187% | $217K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.227 | −0.156% | $18.2M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.288 | −0.091% | $399K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0119% | 8h | 94.307 | −0.071% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 94.610 | +0.250% | $31K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.460 | +0.091% | $4.7M | $6.1M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0270% | 1h | 94.243 | −0.138% | $77K | $130K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 94.255 | −0.127% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0338% | 1h | 94.374 | 0.000% | $21.0M | $29.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.285 | −0.094% | $16.8M | $12.3M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUALlong | +0.0354% | 1h | 94.374 | long leg | $7.5M | $4.1M | 50x | |
| RISEx HYPE/USDC | +0.0527% | 1h | 94.252 | −0.129% | $3.2M | $6.3M | 20x | as long as short |
Bybit HYPEUSDT
Phoenix HYPE
Phemex HYPEUSDT
Bitget HYPEUSDT
Ondo Perps HYPE-USD.P
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
edgeX HYPEUSDC
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
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC