Funding you earn now, next payment 06:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.021%
Price spread now: Bluefin against edgeX+0.174%72s7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.418% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.174%, 7d avg −0.002%
=Together, before fees−0.261%+ Points / potential airdropedgeX: Active · farm board−$26 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bluefin is 0.176% dearer against edgeX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 72 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 | edgeX HYPEUSDC | 94.262 | 0.0093 | pay 0.0046% / 4h | 2h 05m | $5.0M | $30.3M | 30x |
| Short | Bluefin HYPE-PERP | 94.426 | 0.0100 | get 0.0013% / 1h | 5m 38s | $80K | $167K | 20x |
edgeX HYPEUSDC
Bluefin HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against edgeX. 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
- $1.51
- Price spread: +0.174% → −0.002%
- $17.65
- Slippage, 4 orders
- −$25.78
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$22.62
- Costs to cover
- 0.418%
- Break-even
- 112.0 days
Slippage from edgeX: live order book, 3 min ago; Bluefin: live order book, 43 min ago.
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 edgeX live order book, 3 min ago | 0.32 bp | 4.8 bp −$5 | 5.0 bp −$50 | 124.5 bp −$12.4K | doesn't fit |
| Sell Bluefin live order book, 43 min ago | 3.36 bp | 15.8 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.1304% | 1h | 94.273 | +0.012% | $200K | $239K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0343% | 1h | 94.258 | −0.004% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.427 | +0.176% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0014% | 4h | 94.412 | +0.160% | $147K | $677K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.351 | +0.095% | $129K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 94.334 | +0.077% | $87K | $372K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.425 | +0.174% | $22K | $291K | 10x | as long as short |
| Bullet HYPE-USD | +0.0002% | 1h | 94.425 | +0.173% | $112K | $580K | 20x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 94.440 | +0.189% | $63K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 94.302 | +0.043% | $1.0M | $4.0M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
01 Exchange HYPEUSD
Perpl HYPE
Bullet HYPE-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX HYPE-USDT | +0.0016% | 4h | 94.340 | +0.083% | — | $53.7M | — | as long as short |
| Bybit HYPEUSDT | +0.0021% | 8h | 94.330 | +0.073% | $318.7M | $287.0M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 94.363 | +0.108% | $211K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0027% | 8h | 94.368 | +0.113% | $12.8M | $2.8M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0034% | 4h | 94.331 | +0.074% | $227.5M | $99.4M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0067% | 1h | 94.300 | +0.041% | $711K | $1.2M | 10x | as long as short |
| edgeX HYPEUSDClong | +0.0093% | 4h | 94.262 | long leg | $5.0M | $30.3M | 30x | |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 94.371 | +0.117% | $343K | $158K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.390 | +0.136% | $16.4M | $63.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.389 | +0.135% | $3.2M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.313 | +0.055% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.290 | +0.030% | $30K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.413 | +0.161% | $7.2M | $49.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.490 | +0.242% | $2.07B | $679.4M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.378 | +0.124% | $8.8M | $36.6M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.403 | +0.150% | $10.2M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.383 | +0.129% | $379.3M | $925.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.325 | +0.067% | $116.6M | $317.8M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.340 | +0.083% | $48.2M | $55.8M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.355 | +0.099% | $90.1M | $82.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.397 | +0.144% | $46.6M | $18.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.450 | +0.200% | $7.3M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.388 | +0.135% | $28.9M | $56.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.322 | +0.064% | $7.7M | $48.4M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.302 | +0.043% | $344K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.363 | +0.108% | $675K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.475 | +0.226% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.432 | +0.181% | $479K | $2.8M | 20x | as long as short |
| Bluefin HYPE-PERPshort | +0.0100% | 1h | 94.426 | +0.174% | $80K | $167K | 20x | |
| Derive HYPE-PERP | +0.0100% | 1h | 94.410 | +0.158% | $16.3M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.504 | +0.257% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.439 | +0.188% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.550 | +0.306% | $1.4M | $6.6M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.197 | −0.068% | $217K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.295 | +0.035% | $18.2M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.430 | +0.179% | $399K | $159K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 94.510 | +0.264% | $31K | $339K | 12x | as long as short |
| Kalshi KXHYPEPERP | +0.0123% | 8h | 94.476 | +0.228% | $1.8M | $5.6M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0142% | 1h | 94.497 | +0.250% | $7.5M | $4.1M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.410 | +0.157% | $4.7M | $6.1M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0270% | 1h | 94.408 | +0.156% | $78K | $130K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 94.435 | +0.184% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0337% | 1h | 94.499 | +0.252% | $21.1M | $29.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.413 | +0.161% | $16.9M | $12.3M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 94.356 | +0.100% | $3.2M | $6.3M | 20x | as long as short |
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Phemex HYPEUSDT
Bitget HYPEUSDT
Ondo Perps HYPE-USD.P
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
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC