Funding you earn now, next payment 22:00 UTC+0.0377%/8h= +41.3% APRpaid last 24h +0.079%
Price spread now: BloFin against Derive+0.049%55s7-day average +0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.485%+$48 on $10k
+Price spread, last 3 days (all we have)−0.105%−$10 · spread now +0.049%, 7d avg +0.036%
=The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 93.243 | −0.0037 | get 0.0005% / 1h | 0m 14s | $16.4M | $7.1M | 10x |
| Short | BloFin HYPE-USDT | 93.289 | 0.0340 | get 0.0170% / 4h | 2h 00m | $17.1M | $12.5M | 75x |
Derive HYPE-PERP
BloFin HYPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $79.24
- Price spread: +0.049% → +0.036%
- $1.37
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $62.62
- Costs to cover
- 0.180%
- Break-even
- 1.5 days
Slippage unknown: Derive: no order-book sample; BloFin: 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 BloFin live order book, 4 min ago | 0.11 bp | 6.1 bp −$6 | 7.9 bp −$79 | 12.3 bp −$1,235 | 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 | −0.0792% | 1h | 93.304 | +0.065% | $197K | $232K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0269% | 1h | 93.297 | +0.058% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0214% | 1h | 93.230 | −0.014% | $701K | $933K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.325 | +0.088% | $90K | $360K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.295 | +0.056% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0046% | 1h | 93.273 | +0.032% | $111K | $580K | 20x | as long as short |
| Derive HYPE-PERPlong | −0.0037% | 1h | 93.243 | long leg | $16.4M | $7.1M | 10x | |
| dYdX HYPE-USD | 0.0000% | 1h | 93.280 | +0.040% | $127K | $32K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.377 | +0.144% | $1.9M | $5.3M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.293 | +0.054% | $23K | $334K | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
dYdX HYPE-USD
Kalshi KXHYPEPERP
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 −0.0001% | 1h | 93.330 | +0.093% | $20K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0009% | 4h | 93.296 | +0.057% | $8.9M | $35.7M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0028% | 8h | 93.290 | +0.051% | $324.9M | $287.4M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0032% | 1h | 93.297 | +0.058% | $57K | $1.2M | 50x | as long as short |
| Gate HYPE_USDT | +0.0036% | 4h | 93.295 | +0.056% | $44.0M | $58.1M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0050% | 4h | 93.306 | +0.068% | $167K | $512K | 20x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.279 | +0.039% | $215K | $1.2M | 10x | as long as short |
| Vest HYPE-PERP | +0.0077% | 1h | 93.323 | +0.086% | — | $454K | 5x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.339 | +0.103% | $18.6M | $60.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.324 | +0.087% | $3.1M | $12.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0098% | 1h | 93.289 | +0.049% | $76K | $168K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.318 | +0.080% | $339K | $170K | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.253 | +0.011% | $2.0M | $2.0M | 10x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.310 | +0.072% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.296 | +0.056% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.350 | +0.115% | $2.03B | $671.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.323 | +0.086% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.300 | +0.062% | $384.9M | $889.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.285 | +0.045% | $114.7M | $314.8M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.270 | +0.029% | $1.2M | $4.1M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.271 | +0.031% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.298 | +0.059% | $92.7M | $82.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.307 | +0.069% | $46.2M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.316 | +0.078% | $226.6M | $102.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.283 | +0.043% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.321 | +0.084% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.252 | +0.010% | $29.1M | $50.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.271 | +0.031% | $7.5M | $45.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.255 | +0.013% | $405K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.324 | +0.087% | $675K | $2.5M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.336 | +0.100% | $493K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.333 | +0.097% | $32K | $1.6M | 20x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.249 | +0.007% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.284 | +0.044% | $18.4M | $41.8M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.327 | +0.091% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0105% | 4h | 93.244 | +0.001% | $5.1M | $29.5M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.390 | +0.158% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.295 | +0.056% | $78K | $158K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0275% | 1h | 93.405 | +0.174% | $7.4M | $4.6M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.910 | +0.715% | $31K | $291K | 12x | as long as short |
| HTX HYPE-USDT | +0.0300% | 4h | 93.485 | +0.260% | $1.5M | $7.6M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.326 | +0.089% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDTshort | +0.0340% | 4h | 93.289 | +0.049% | $17.1M | $12.5M | 75x | |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.359 | +0.125% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.350 | +0.115% | $19.6M | $26.9M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Bybit HYPEUSDT
Popdex HYPEUSDT
Gate HYPE_USDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
Vest HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Bluefin HYPE-PERP
Paradex HYPE-USD-PERP
SoDEX HYPE-USD
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
SunX HYPE-USDT
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
Injective HYPE/USDC PERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD