Funding you earn now, next payment 06:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h +0.005%
Price spread now: Bitget against Derive−0.037%7-day average +0.014% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.037%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.051% cheaper against Derive than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 94.114 | 0.0100 | pay 0.0013% / 1h | 15m 35s | $16.2M | $7.4M | 10x |
| Short | Bitget HYPEUSDT | 94.079 | 0.0018 | get 0.0009% / 4h | 2h 15m | $226.9M | $99.3M | 75x |
Derive HYPE-PERP
Bitget HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$17.22
- Price spread: −0.037% → +0.014%
- −$5.15
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$40.37
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 0.05 bp | 9.7 bp −$10 | 14.1 bp −$141 | doesn't fit | doesn't fit |
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 | −0.1344% | 1h | 94.079 | −0.037% | $199K | $239K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0409% | 1h | 93.796 | −0.337% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.117 | +0.003% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0026% | 1h | 94.146 | +0.034% | $112K | $580K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0018% | 4h | 94.107 | −0.007% | $147K | $678K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.106 | −0.009% | $129K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 94.126 | +0.013% | $86K | $372K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.160 | +0.049% | $23K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 94.160 | +0.049% | $63K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 94.055 | −0.063% | $1.0M | $3.9M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDTshort | +0.0018% | 4h | 94.079 | −0.037% | $226.9M | $99.3M | 75x | |
| Bybit HYPEUSDT | +0.0022% | 8h | 94.100 | −0.015% | $319.2M | $284.0M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0024% | 8h | 94.153 | +0.041% | $12.8M | $2.8M | 50x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 94.174 | +0.064% | $209K | $1.2M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0068% | 1h | 94.080 | −0.036% | $709K | $1.2M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0094% | 4h | 94.117 | +0.004% | $5.0M | $30.2M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 94.142 | +0.030% | $342K | $158K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.127 | +0.014% | $16.3M | $63.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.128 | +0.015% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.108 | −0.006% | $71K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.050 | −0.068% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.119 | +0.006% | $7.3M | $48.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.196 | +0.087% | $2.06B | $675.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.105 | −0.010% | $8.8M | $36.5M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.141 | +0.029% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.112 | −0.002% | $377.8M | $919.5M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.100 | −0.015% | $116.2M | $315.0M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.358 | −0.803% | $216K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.094 | −0.021% | $48.0M | $55.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.125 | +0.012% | $90.5M | $81.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.112 | −0.002% | $46.5M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.095 | −0.020% | — | $53.6M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.162 | +0.051% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.099 | −0.015% | $28.9M | $56.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.979 | −0.144% | $7.7M | $48.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.161 | +0.050% | $345K | $994K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.161 | +0.050% | $674K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.213 | +0.105% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.173 | +0.063% | $482K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.135 | +0.022% | $80K | $165K | 20x | as long as short |
| Derive HYPE-PERPlong | +0.0100% | 1h | 94.114 | long leg | $16.2M | $7.4M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 94.216 | +0.108% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.128 | +0.015% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.282 | +0.179% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.060 | −0.057% | $18.3M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.137 | +0.024% | $398K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0122% | 8h | 94.194 | +0.085% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 94.310 | +0.208% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.150 | +0.038% | $4.7M | $6.0M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0207% | 1h | 94.198 | +0.089% | $7.5M | $4.1M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0270% | 1h | 94.141 | +0.029% | $81K | $127K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 94.154 | +0.042% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0338% | 1h | 94.206 | +0.098% | $21.0M | $29.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.137 | +0.024% | $16.8M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 94.149 | +0.037% | $3.2M | $6.3M | 20x | as long as short |
Bybit HYPEUSDT
Phemex HYPEUSDT
Phoenix HYPE
Ondo Perps HYPE-USD.P
edgeX HYPEUSDC
Paradex HYPE-USD-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
Bulk HYPE-USD
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
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC