Funding you earn now, next payment 03:00 UTC−0.1003%/8h= −109.8% APRnext payment −$1.25 per $10,000 · paid last 24h −0.064%
Price spread now: Arcus against Extended+0.015%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$130.133% of the position
Funding, last 4 days (all we have)−0.093%−$9 on $10k
+Price spread, last 7 days−0.003%$0 · spread now +0.015%, 7d avg +0.011%
=Together, before fees−0.096%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$30 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.093% in total (about -9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.25 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 | Extended HYPE-USD | 92.945 | 0.0104 | pay 0.0013% / 1h | 58m 07s | $18.3M | $43.5M | 50x |
| Short | Arcus HYPE-USD | 92.959 | −0.0899 | pay 0.0112% / 1h | 58m 07s | $1.2M | $3.8M | 10x |
Extended HYPE-USD
Arcus HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Extended. 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
- −$210.54
- Price spread: +0.015% → +0.011%
- $0.43
- Slippage, 4 orders
- −$3.83
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$223.44
- Costs to cover
- 0.133%
- Break-even
- never at this rate
Slippage from Extended: live order book, 6 min ago; Arcus: live order book, 1 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 Extended live order book, 6 min ago | 0.05 bp | 2.6 bp −$3 | 4.4 bp −$44 | 26.6 bp −$2,659 | doesn't fit |
| Sell Arcus live order book, 1 min ago | 0.32 bp | 3.2 bp −$3 | 3.9 bp −$39 | 199.5 bp −$20.0K | doesn't fit |
HYPE on 54 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 | −0.1136% | 1h | 93.123 | +0.192% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USDshort | −0.0899% | 1h | 92.959 | +0.015% | $1.2M | $3.8M | 10x | |
| Bluefin HYPE-PERP | −0.0415% | 1h | 92.961 | +0.017% | $79K | $170K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0313% | 1h | 93.040 | +0.102% | $698K | $902K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0096% | 1h | 93.078 | +0.143% | $84K | $346K | 20x | as long as short |
| Bullet HYPE-USD | −0.0095% | 1h | 93.007 | +0.067% | $112K | $578K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.198 | +0.272% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0052% | 4h | 92.992 | +0.051% | $155K | $639K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0023% | 8h | 93.039 | +0.101% | $12.6M | $2.7M | 50x | as long as short |
| Aster HYPEUSDT | −0.0005% | 4h | 93.003 | +0.062% | $8.8M | $35.4M | 300x | as long as short |
Hibachi HYPE/USDT-P
Bluefin HYPE-PERP
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Bullet HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
Aster HYPEUSDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX HYPE-USD | 0.0000% | 1h | 93.100 | +0.167% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.092 | +0.158% | $22K | $321K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.025 | +0.086% | $25K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0009% | 8h | 92.940 | −0.005% | $318.9M | $275.7M | 75x | as long as short |
| Gate HYPE_USDT | +0.0012% | 4h | 92.982 | +0.040% | $44.3M | $54.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0012% | 4h | 92.984 | +0.042% | — | $53.1M | — | as long as short |
| Aftermath Perps HYPEUSD | +0.0013% | 1h | 93.325 | +0.409% | $22K | $21K | 10x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.318 | +0.401% | $210K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 92.950 | +0.006% | $114.2M | $299.9M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0078% | 4h | 93.009 | +0.069% | $87.5M | $79.7M | 100x | as long as short |
| Binance HYPEUSDT | +0.0078% | 4h | 92.964 | +0.021% | $378.0M | $874.1M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0083% | 4h | 93.256 | +0.334% | $5.0M | $30.1M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.042 | +0.105% | $16.2M | $61.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.032 | +0.094% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.062 | +0.126% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.106 | +0.173% | $338K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.090 | +0.156% | $12K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.005 | +0.065% | $5.7M | $43.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.098 | +0.165% | $2.03B | $658.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.105 | +0.172% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | +0.420% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.030 | +0.092% | $46.1M | $17.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.964 | +0.021% | $224.9M | $96.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.967 | +0.024% | $7.3M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.219 | +0.295% | $31.1M | $54.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.419 | +0.510% | $7.5M | $46.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.263 | +0.342% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.218 | +0.294% | $665K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.122 | +0.190% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.054 | +0.117% | $473K | $2.4M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.986 | +0.044% | $16.1M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.189 | +0.263% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.010 | +0.070% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USDlong | +0.0104% | 1h | 92.945 | long leg | $18.3M | $43.5M | 50x | |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.002 | +0.062% | $396K | $170K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.100 | +0.167% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0207% | 4h | 93.200 | +0.274% | $1.4M | $5.9M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0256% | 1h | 93.002 | +0.061% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0276% | 8h | 93.073 | +0.138% | $1.9M | $4.8M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0298% | 1h | 93.093 | +0.159% | $7.4M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.023 | +0.084% | $1.4M | — | 100x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.157 | +0.229% | $3.2M | $6.7M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.170 | +0.242% | $30K | $338K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0687% | 1h | 93.087 | +0.153% | $20.7M | $30.0M | 50x | as long as short |
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
Gate HYPE_USDT
BingX HYPE-USDT
Aftermath Perps HYPEUSD
Phoenix HYPE
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD