Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.052%
Price spread now: Hyperliquid against Katana Perps+0.050%7-day average +0.055% · 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)+0.085%+$8 on $10k
+Price spread, last 7 days−0.046%−$5 · spread now +0.050%, 7d avg +0.055%
=Together, before fees+0.039%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps HYPE-USD | 93.230 | 0.0100 | pay 0.0100% / 8h | 1h 17m | $35K | $1.6M | 10x |
| Short | Hyperliquid HYPE | 93.277 | 0.0100 | get 0.0013% / 1h | 17m 59s | $2.03B | $669.3M | 10x |
Katana Perps HYPE-USD
Hyperliquid HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $0.04
- Price spread: +0.050% → +0.055%
- −$0.47
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$13.23
- Costs to cover
- 0.128%
- Break-even
- 2106.9 days
Slippage unknown: Katana Perps: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago | 0.05 bp | 8.5 bp −$9 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0438% | 1h | 93.164 | −0.071% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0336% | 1h | 93.229 | −0.001% | $197K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.190 | −0.043% | $1.2M | $4.0M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0125% | 1h | 93.170 | −0.064% | $699K | $929K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.245 | +0.016% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 93.288 | +0.062% | $90K | $361K | 20x | as long as short |
| Popdex HYPEUSDT | −0.0008% | 1h | 93.257 | +0.029% | $58K | $1.2M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.276 | +0.049% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.250 | +0.022% | $23K | $331K | 10x | as long as short |
| Aster HYPEUSDT | 0.0000% | 4h | 93.211 | −0.020% | $8.8M | $35.9M | 300x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Popdex HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.289 | +0.063% | $20K | — | 150x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0021% | 4h | 93.264 | +0.036% | $172K | $518K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0021% | 8h | 93.186 | −0.047% | $322.8M | $286.8M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.293 | +0.068% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0040% | 1h | 93.247 | +0.018% | $112K | $579K | 20x | as long as short |
| Derive HYPE-PERP | +0.0047% | 1h | 93.208 | −0.024% | $16.3M | $7.0M | 10x | as long as short |
| Gate HYPE_USDT | +0.0056% | 4h | 93.195 | −0.038% | $43.9M | $58.6M | 75x | as long as short |
| Binance HYPEUSDT | +0.0066% | 4h | 93.210 | −0.021% | $381.6M | $895.0M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0066% | 4h | 93.192 | −0.041% | $90.1M | $82.3M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0079% | 4h | 93.210 | −0.022% | $5.1M | $29.7M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.305 | +0.080% | $18.6M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.285 | +0.059% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.263 | +0.035% | $397K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.266 | +0.038% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USDlong | +0.0100% | 8h | 93.230 | long leg | $35K | $1.6M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 93.245 | +0.017% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPEshort | +0.0100% | 1h | 93.277 | +0.050% | $2.03B | $669.3M | 10x | |
| Pacifica HYPE | +0.0100% | 1h | 93.277 | +0.050% | $10.0M | $14.4M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.206 | −0.026% | $114.1M | $314.9M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.232 | +0.002% | $204K | $8K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.196 | −0.036% | $47.0M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.192 | −0.041% | $225.9M | $103.1M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.200 | −0.032% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.208 | −0.024% | $7.8M | $10.9M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.153 | −0.082% | $29.0M | $50.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.258 | +0.030% | $7.5M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.262 | +0.034% | $415K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.227 | −0.003% | $674K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.279 | +0.052% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.282 | +0.056% | $493K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.260 | +0.032% | $76K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.271 | +0.044% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.263 | +0.035% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.225 | −0.005% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.160 | −0.075% | $18.2M | $41.9M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0115% | 8h | 93.316 | +0.092% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.300 | +0.075% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0238% | 4h | 93.400 | +0.182% | $1.5M | $7.7M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.120 | −0.118% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.250 | +0.021% | $77K | $159K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0268% | 4h | 93.242 | +0.013% | $16.8M | $12.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.290 | +0.064% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.280 | +0.054% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0393% | 1h | 93.355 | +0.134% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.367 | +0.147% | $20.9M | $29.0M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Phoenix HYPE
Bullet HYPE-USD
Derive HYPE-PERP
Gate HYPE_USDT
Binance HYPEUSDT
MEXC HYPE_USDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Nado HYPE-PERP
Pacifica HYPE
OKX HYPE-USDT-SWAP
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
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD