Funding you earn now, next payment 21:00 UTC+0.0243%/8h= +26.6% APRnext payment +$0.30 per $10,000 · paid last 24h −0.012%
Price spread now: Coinbase International against Derive+0.141%7-day average −0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 3 days (all we have)−0.136%−$14 · spread now +0.141%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.145% dearer against Derive than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 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 | Derive HYPE-PERP | 93.258 | −0.0035 | get 0.0004% / 1h | 7m 32s | $16.4M | $7.1M | 10x |
| Short | Coinbase International HYPE-PERP-INTX | 93.390 | 0.0208 | get 0.0026% / 1h | 7m 32s | $4.9M | $5.7M | 50x |
Derive HYPE-PERP
Coinbase International HYPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $50.99
- Price spread: +0.141% → −0.004%
- $14.49
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $49.48
- Costs to cover
- 0.160%
- Break-even
- 0.2 days
Slippage unknown: Derive: no order-book sample; Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago | 3.75 bp | 9.9 bp −$10 | 13.8 bp −$138 | 36.0 bp −$3,601 | 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 | −0.0856% | 1h | 93.329 | +0.076% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0254% | 1h | 93.424 | +0.178% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0226% | 1h | 93.240 | −0.019% | $700K | $931K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.321 | +0.067% | $90K | $357K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.298 | +0.043% | $3K | $331 | 25x | as long as short |
| Derive HYPE-PERPlong | −0.0035% | 1h | 93.258 | long leg | $16.4M | $7.1M | 10x | |
| Bullet HYPE-USD | −0.0028% | 1h | 93.274 | +0.017% | $111K | $580K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.383 | +0.134% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.323 | +0.070% | $23K | $334K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.340 | +0.088% | $20K | — | 150x | 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
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0010% | 4h | 93.308 | +0.053% | $8.9M | $35.8M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0030% | 8h | 93.310 | +0.056% | $325.0M | $287.1M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0032% | 1h | 93.304 | +0.049% | $58K | $1.2M | 50x | as long as short |
| Gate HYPE_USDT | +0.0032% | 4h | 93.294 | +0.038% | $43.9M | $57.8M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0054% | 4h | 93.327 | +0.074% | $165K | $539K | 20x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.345 | +0.093% | $215K | $1.2M | 10x | as long as short |
| SoDEX HYPE-USD | +0.0090% | 1h | 93.304 | +0.049% | $2.0M | $2.0M | 10x | as long as short |
| Vest HYPE-PERP | +0.0094% | 1h | 93.335 | +0.083% | — | $454K | 5x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.343 | +0.090% | $18.6M | $59.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.332 | +0.079% | $3.1M | $12.4M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.327 | +0.074% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.320 | +0.066% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.305 | +0.050% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.391 | +0.142% | $2.03B | $670.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.330 | +0.077% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.304 | +0.050% | $385.1M | $889.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.290 | +0.034% | $114.6M | $314.7M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.281 | +0.024% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.285 | +0.029% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.304 | +0.049% | $93.1M | $82.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.307 | +0.052% | $46.1M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.322 | +0.068% | $226.7M | $102.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.296 | +0.041% | — | $54.1M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.334 | +0.081% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.263 | +0.005% | $29.1M | $50.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.304 | +0.049% | $7.5M | $45.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.276 | +0.019% | $405K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.340 | +0.088% | $675K | $2.5M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.338 | +0.086% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.299 | +0.044% | $75K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.358 | +0.107% | $32K | $1.6M | 20x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.343 | +0.091% | $12.7M | $2.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0101% | 8h | 93.395 | +0.147% | $1.9M | $5.2M | 2.3x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.292 | +0.037% | $18.3M | $41.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.311 | +0.057% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0113% | 4h | 93.268 | +0.011% | $5.1M | $29.4M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTXshort | +0.0208% | 1h | 93.390 | +0.141% | $4.9M | $5.7M | 50x | |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.304 | +0.049% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.910 | +0.699% | $31K | $291K | 12x | as long as short |
| HTX HYPE-USDT | +0.0292% | 4h | 93.469 | +0.226% | $1.5M | $7.7M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0328% | 1h | 93.420 | +0.174% | $7.4M | $4.6M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.346 | +0.094% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.271 | +0.014% | $17.1M | $12.4M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.367 | +0.117% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.430 | +0.184% | $19.1M | $26.2M | 50x | as long as short |
Aster HYPEUSDT
Bybit HYPEUSDT
Popdex HYPEUSDT
Gate HYPE_USDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
SoDEX HYPE-USD
Vest HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
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
Bluefin HYPE-PERP
SunX HYPE-USDT
Phemex HYPEUSDT
Kalshi KXHYPEPERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD