Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Binance against Derive+0.013%7-day average +0.042% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.013%, 7d avg +0.042%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.029% cheaper against Derive than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 92.847 | 0.0100 | pay 0.0013% / 1h | 28m 45s | $16.0M | $7.5M | 10x |
| Short | Binance HYPEUSDT | 92.859 | 0.0100 | get 0.0050% / 4h | 3h 28m | $373.4M | $905.7M | 75x |
Derive HYPE-PERP
Binance HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Derive. 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
- $0
- Price spread: +0.013% → +0.042%
- −$2.91
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.91
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Binance: live order book, 15 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 15 min ago | 0.05 bp | 5.1 bp −$5 | 7.2 bp −$72 | 16.3 bp −$1,630 | 39.5 bp −$19.7K |
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 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 | −0.1544% | 1h | 92.711 | −0.147% | $193K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0302% | 1h | 92.864 | +0.018% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.849 | +0.002% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.988 | +0.151% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0061% | 4h | 92.842 | −0.006% | $145K | $681K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.906 | +0.063% | $127K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.891 | +0.047% | $22K | $295K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.890 | +0.046% | $62K | — | 150x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 92.857 | +0.010% | $210K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0026% | 1h | 92.845 | −0.003% | $111K | $577K | 20x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Bullet HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | +0.0033% | 8h | 92.851 | +0.004% | $315.7M | $282.6M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0036% | 1h | 92.840 | −0.008% | $699K | $1.1M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0048% | 8h | 92.901 | +0.058% | $12.5M | $2.7M | 50x | as long as short |
| 01 Exchange HYPEUSD | +0.0048% | 1h | 92.886 | +0.042% | $86K | $363K | 20x | as long as short |
| Bitget HYPEUSDT | +0.0056% | 4h | 92.855 | +0.008% | $224.9M | $99.2M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0072% | 1h | 92.868 | +0.022% | $70K | $1.1M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.875 | +0.030% | $16.0M | $62.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.886 | +0.042% | $3.1M | $11.6M | 20x | as long as short |
| edgeX HYPEUSDC | +0.0097% | 4h | 92.935 | +0.094% | $4.9M | $29.6M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 92.922 | +0.080% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.870 | +0.024% | $34K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.880 | +0.036% | $7.4M | $46.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.907 | +0.064% | $2.02B | $666.6M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 92.867 | +0.021% | $8.7M | $36.1M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.902 | +0.059% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDTshort | +0.0100% | 4h | 92.859 | +0.013% | $373.4M | $905.7M | 75x | |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.859 | +0.013% | $113.9M | $304.1M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 92.853 | +0.006% | $45.0M | $54.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.850 | +0.003% | $91.4M | $81.0M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.849 | +0.002% | $46.1M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.858 | +0.011% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.879 | +0.034% | $7.2M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.959 | +0.120% | $28.6M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.003 | +0.168% | $7.5M | $46.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.975 | +0.137% | $341K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.929 | +0.088% | $668K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.930 | +0.089% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.910 | +0.067% | $471K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.864 | +0.018% | $79K | $167K | 20x | as long as short |
| Derive HYPE-PERPlong | +0.0100% | 1h | 92.847 | long leg | $16.0M | $7.5M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 92.942 | +0.102% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.864 | +0.018% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.005 | +0.170% | $1.4M | $6.3M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.770 | −0.083% | $202K | $13K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.829 | −0.020% | $18.0M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.847 | −0.001% | $393K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.040 | +0.208% | $4.7M | $5.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0175% | 8h | 92.939 | +0.099% | $1.8M | $5.4M | 2.3x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.925 | +0.084% | $20.6M | $30.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 92.790 | −0.062% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0265% | 1h | 92.865 | +0.019% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.885 | +0.041% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.881 | +0.036% | $16.8M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0364% | 1h | 92.948 | +0.108% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 92.939 | +0.099% | $3.2M | $6.4M | 20x | as long as short |
Bybit HYPEUSDT
Ondo Perps HYPE-USD.P
Phemex HYPEUSDT
01 Exchange HYPEUSD
Bitget HYPEUSDT
Popdex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
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
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC