Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.062%
Price spread now: Polymarket Perps against Injective−0.718%51s7-day average −0.175% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.329%−$233 on $10k
+Price spread, last 3 days (all we have)+0.907%+$91 · spread now −0.718%, 7d avg −0.175%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.543% cheaper against Injective than usual: you would sell low and buy high, −$54 on $10k if it goes back to its 7-day average of −0.175%. The two prices were read 51 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 | Injective HYPE/USDC PERP | 94.410 | 0.0104 | pay 0.0013% / 1h | 21m 37s | $31K | $338K | 12x |
| Short | Polymarket Perps HYPE-USD | 93.732 | 0.0100 | get 0.0013% / 1h | 21m 37s | $491K | $2.4M | 20x |
Injective HYPE/USDC PERP
Polymarket Perps HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Injective. 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
- −$0.75
- Price spread: −0.718% → −0.175%
- −$54.31
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$63.08
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 57 min ago; Polymarket Perps: live order book, 2 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 Injective live order book, 57 min ago | 9.65 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 0.64 bp | 4.6 bp −$5 | 6.0 bp −$60 | 10.4 bp −$1,045 | 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 | −0.0960% | 1h | 93.526 | −0.936% | $198K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0387% | 1h | 93.637 | −0.819% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 93.559 | −0.901% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0089% | 1h | 93.680 | −0.773% | $704K | $912K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.557 | −0.904% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 93.671 | −0.783% | $86K | $367K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0001% | 4h | 93.709 | −0.743% | $168K | $586K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.737 | −0.712% | $128K | $30K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.712 | −0.739% | $23K | $329K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.737 | −0.713% | $26K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
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 | +0.0006% | 4h | 93.697 | −0.755% | $8.9M | $36.0M | 300x | as long as short |
| Phoenix HYPE | +0.0009% | 1h | 93.618 | −0.839% | $214K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0017% | 8h | 93.650 | −0.805% | $321.9M | $283.8M | 75x | as long as short |
| Derive HYPE-PERP | +0.0020% | 1h | 93.662 | −0.792% | $16.4M | $7.1M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0048% | 4h | 93.690 | −0.763% | $87.9M | $81.9M | 100x | as long as short |
| Binance HYPEUSDT | +0.0049% | 4h | 93.700 | −0.752% | $382.9M | $896.5M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0062% | 4h | 93.464 | −1.002% | $5.1M | $29.7M | 30x | as long as short |
| Phemex HYPEUSDT | +0.0068% | 8h | 93.724 | −0.727% | $12.8M | $2.6M | 50x | as long as short |
| Gate HYPE_USDT | +0.0074% | 4h | 93.640 | −0.816% | $44.0M | $59.7M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0080% | 1h | 93.735 | −0.715% | $59K | $1.2M | 50x | as long as short |
| Bullet HYPE-USD | +0.0093% | 1h | 93.707 | −0.745% | $113K | $576K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.741 | −0.708% | $18.9M | $60.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.717 | −0.734% | $3.0M | $12.3M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.730 | −0.721% | $399K | $318K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0099% | 8h | 93.641 | −0.815% | $115.5M | $321.0M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.683 | −0.771% | $340K | $171K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.680 | −0.773% | $15K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.665 | −0.790% | $5.7M | $44.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.708 | −0.743% | $10.1M | $14.5M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.625 | −0.832% | $204K | $7K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.716 | −0.735% | $46.4M | $18.6M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.653 | −0.802% | $226.8M | $102.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.655 | −0.800% | — | $54.1M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.753 | −0.696% | $7.9M | $10.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.574 | −0.885% | $31.2M | $54.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.619 | −0.838% | $7.6M | $45.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.485 | −0.980% | $358K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.514 | −0.949% | $676K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.699 | −0.753% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USDshort | +0.0100% | 1h | 93.732 | −0.718% | $491K | $2.4M | 20x | |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.699 | −0.753% | $76K | $171K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.690 | −0.763% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.700 | −0.752% | $2.0M | $2.0M | 10x | as long as short |
| Injective HYPE/USDC PERPlong | +0.0104% | 1h | 94.410 | long leg | $31K | $338K | 12x | |
| Extended HYPE-USD | +0.0104% | 1h | 93.625 | −0.831% | $18.4M | $42.8M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0134% | 8h | 93.672 | −0.782% | $1.9M | $5.0M | 2.3x | as long as short |
| Hyperliquid HYPE | +0.0140% | 1h | 93.754 | −0.695% | $2.04B | $677.3M | 10x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 93.740 | −0.710% | $4.9M | $5.7M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0203% | 4h | 93.528 | −0.934% | $17.1M | $12.6M | 75x | as long as short |
| HTX HYPE-USDT | +0.0206% | 4h | 93.868 | −0.574% | $1.5M | $7.8M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0249% | 1h | 93.690 | −0.763% | $77K | $142K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0284% | 1h | 93.716 | −0.735% | $2.8M | $6.9M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0337% / S −0.0163% | 1h | 93.733 | −0.717% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0550% | 1h | 93.822 | −0.623% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0578% | 1h | 93.813 | −0.633% | $20.9M | $29.5M | 50x | as long as short |
Aster HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
Derive HYPE-PERP
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Phemex HYPEUSDT
Gate HYPE_USDT
Popdex HYPEUSDT
Bullet HYPE-USD
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
OKX HYPE-USDT-SWAP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Kalshi KXHYPEPERP
Hyperliquid HYPE
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
HTX HYPE-USDT
Reya HYPERUSDPERP
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD