Funding you earn now, next payment 06:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.014%
Price spread now: Bluefin against Katana Perps+0.006%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.006%, 7d avg +0.011%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps HYPE-USD | 93.430 | 0.0099 | pay 0.0099% / 8h | 2h 44m | $28K | $1.7M | 10x |
| Short | Bluefin HYPE-PERP | 93.436 | 0.0100 | get 0.0013% / 1h | 44m 38s | $79K | $166K | 20x |
Katana Perps HYPE-USD
Bluefin HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Katana Perps. 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
- $0.11
- Price spread: +0.006% → +0.011%
- −$0.48
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$11.17
- Costs to cover
- 0.108%
- Break-even
- 722.9 days
Slippage unknown: Katana Perps: no order-book sample; Bluefin: live order book, 4 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Bluefin live order book, 4 min ago | 3.36 bp | 15.8 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
Katana Perps: 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 | −0.1816% | 1h | 93.346 | −0.090% | $196K | $232K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0381% | 1h | 93.513 | +0.089% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.463 | +0.035% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0061% | 1h | 93.425 | −0.006% | $111K | $578K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0027% | 4h | 93.420 | −0.011% | $146K | $663K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.454 | +0.026% | $88K | $366K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0017% | 1h | 93.390 | −0.043% | $702K | $1.2M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.502 | +0.077% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.435 | +0.006% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.457 | +0.029% | $62K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Ondo Perps HYPE-USD.P
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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | +0.0011% | 1h | 93.404 | −0.028% | $1.0M | $3.9M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0018% | 4h | 93.432 | +0.002% | $226.1M | $98.8M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0023% | 8h | 93.440 | +0.011% | $317.7M | $283.7M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.637 | +0.222% | $209K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0027% | 8h | 93.429 | −0.001% | $12.6M | $2.7M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0081% | 4h | 93.544 | +0.122% | $5.0M | $30.0M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.491 | +0.066% | $340K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.456 | +0.028% | $16.1M | $63.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.453 | +0.025% | $3.1M | $11.4M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.447 | +0.018% | $77K | $1.1M | 50x | as long as short |
| Katana Perps HYPE-USDlong | +0.0099% | 8h | 93.430 | long leg | $28K | $1.7M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 93.462 | +0.035% | $7.8M | $48.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.491 | +0.065% | $2.04B | $668.1M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.441 | +0.012% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.479 | +0.052% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.448 | +0.019% | $374.7M | $911.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.453 | +0.025% | $114.7M | $309.4M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.614 | +0.197% | $204K | $3K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.460 | +0.032% | $46.5M | $54.0M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.469 | +0.042% | $91.8M | $80.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.444 | +0.015% | $46.8M | $18.7M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.452 | +0.024% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.455 | +0.027% | $7.3M | $10.9M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.419 | −0.012% | $28.7M | $56.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.490 | +0.064% | $7.5M | $47.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.540 | +0.118% | $343K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.478 | +0.051% | $669K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.507 | +0.083% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.457 | +0.029% | $490K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERPshort | +0.0100% | 1h | 93.436 | +0.006% | $79K | $166K | 20x | |
| Derive HYPE-PERP | +0.0100% | 1h | 93.416 | −0.014% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.416 | −0.015% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.433 | +0.003% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.608 | +0.191% | $1.4M | $6.4M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.410 | −0.022% | $18.2M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.425 | −0.005% | $395K | $161K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0107% | 8h | 93.517 | +0.093% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.410 | −0.021% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.530 | +0.107% | $4.8M | $5.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0268% | 1h | 93.422 | −0.009% | $80K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.456 | +0.027% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.426 | −0.004% | $16.9M | $11.9M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0341% | 1h | 93.501 | +0.076% | $20.8M | $29.6M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0392% | 1h | 93.525 | +0.102% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.493 | +0.067% | $3.2M | $6.3M | 20x | as long as short |
Arcus HYPE-USD
Bitget HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Phemex HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
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
BingX HYPE-USDT
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
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC