Funding you earn now, next payment 07:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.008%
Price spread now: Derive against edgeX−0.204%7-day average −0.029% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)+0.238%+$24 · spread now −0.204%, 7d avg −0.029%
=Together, before fees+0.207%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Derive is 0.175% cheaper against edgeX than usual: you would sell low and buy high (spread −0.204% now, against its 7-day average of −0.029%). If the spread goes back, that is −$17 on $10k: about 29 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX HYPEUSDC | 93.922 | 0.0080 | pay 0.0040% / 4h | 1h 54m | $5.0M | $30.4M | 30x |
| Short | Derive HYPE-PERP | 93.731 | 0.0100 | get 0.0013% / 1h | 54m 53s | $16.4M | $7.5M | 10x |
edgeX HYPEUSDC
Derive HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $4.15
- Price spread: −0.204% → −0.029%
- −$17.45
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$28.31
- Costs to cover
- 0.150%
- Break-even
- 54.8 days
Slippage unknown: edgeX: live order book, 4 min ago; Derive: no order-book sample. 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 edgeX live order book, 4 min ago | 0.32 bp | 4.8 bp −$5 | 5.0 bp −$50 | 108.6 bp −$10.9K | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | −0.1224% | 1h | 93.798 | −0.132% | $199K | $243K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0267% | 1h | 94.002 | +0.085% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.992 | +0.075% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.770 | −0.162% | $86K | $372K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0044% | 1h | 93.730 | −0.204% | $707K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0017% | 4h | 93.724 | −0.211% | $149K | $681K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.813 | −0.116% | $129K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.760 | −0.173% | $22K | $285K | 10x | as long as short |
| Bluefin HYPE-PERP | +0.0002% | 1h | 93.745 | −0.188% | $79K | $166K | 20x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.781 | −0.150% | $63K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Ondo Perps HYPE-USD.P
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
Bluefin HYPE-PERP
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX HYPE-USDT | +0.0012% | 4h | 93.708 | −0.228% | — | $53.8M | — | as long as short |
| Bybit HYPEUSDT | +0.0016% | 8h | 93.683 | −0.254% | $316.5M | $287.4M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.872 | −0.053% | $209K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 93.707 | −0.229% | $225.8M | $99.4M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0063% | 8h | 93.789 | −0.142% | $12.8M | $2.8M | 50x | as long as short |
| edgeX HYPEUSDClong | +0.0080% | 4h | 93.922 | long leg | $5.0M | $30.4M | 30x | |
| Arcus HYPE-USD | +0.0084% | 1h | 93.759 | −0.174% | $1.0M | $4.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0089% | 1h | 93.802 | −0.128% | $348K | $1.0M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0090% | 8h | 93.827 | −0.101% | $341K | $158K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.754 | −0.179% | $16.2M | $63.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.766 | −0.166% | $3.1M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.750 | −0.183% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.750 | −0.183% | $20K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.782 | −0.149% | $6.4M | $50.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.841 | −0.086% | $2.05B | $683.1M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.717 | −0.218% | $8.9M | $37.3M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.818 | −0.111% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.698 | −0.238% | $375.7M | $929.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.682 | −0.256% | $115.7M | $316.5M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.213 | +0.310% | $217K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.684 | −0.253% | $48.3M | $54.8M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.689 | −0.248% | $88.9M | $83.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.739 | −0.195% | $46.3M | $18.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.765 | −0.167% | $7.2M | $10.8M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.759 | −0.174% | $28.7M | $56.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.839 | −0.088% | $7.7M | $47.9M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.836 | −0.092% | $680K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.835 | −0.092% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.784 | −0.147% | $475K | $2.8M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.804 | −0.126% | $112K | $581K | 20x | as long as short |
| Derive HYPE-PERPshort | +0.0100% | 1h | 93.731 | −0.204% | $16.4M | $7.5M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.861 | −0.065% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.752 | −0.181% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.961 | +0.042% | $1.4M | $6.7M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.676 | −0.262% | $18.3M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.755 | −0.177% | $396K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0109% | 8h | 93.838 | −0.089% | $1.8M | $5.6M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.790 | −0.141% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.740 | −0.194% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0271% | 1h | 93.738 | −0.196% | $77K | $130K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0294% | 1h | 93.843 | −0.084% | $7.4M | $4.2M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 93.784 | −0.147% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.752 | −0.181% | $17.0M | $12.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0414% | 1h | 93.828 | −0.100% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.798 | −0.132% | $3.2M | $6.4M | 20x | as long as short |
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Bitget HYPEUSDT
Phemex HYPEUSDT
Arcus HYPE-USD
ApeX Omni HYPEUSDT
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
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bullet HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC