Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.27 per $10,000 · paid last 24h −0.024%
Price spread now: OKX against Katana Perps−0.018%7-day average +0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.012%−$1 on $10k
+Price spread, last 7 days+0.077%+$8 · spread now −0.018%, 7d avg +0.034%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.053% cheaper against Katana Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps HYPE-USD | 92.600 | 0.0100 | pay 0.0100% / 8h | 5h 03m | $29K | $1.6M | 10x |
| Short | OKX HYPE-USDT-SWAP | 92.583 | 0.0073 | get 0.0073% / 8h | 5h 03m | $113.2M | $299.7M | 50x |
Katana Perps HYPE-USD
OKX HYPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$5.68
- Price spread: −0.018% → +0.034%
- −$5.28
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$24.77
- Costs to cover
- 0.138%
- Break-even
- never at this rate
Slippage unknown: Katana Perps: no order-book sample; OKX: 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 OKX live order book, 6 min ago | 0.05 bp | 5.2 bp −$5 | 8.9 bp −$89 | 18.0 bp −$1,800 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0899% | 1h | 92.466 | −0.145% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0872% | 1h | 92.840 | +0.259% | $195K | $227K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0128% | 1h | 92.530 | −0.076% | $698K | $1.1M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.572 | −0.030% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0070% | 1h | 92.996 | +0.428% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 92.607 | +0.008% | $86K | $349K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0056% | 4h | 92.606 | +0.006% | $158K | $663K | 20x | as long as short |
| Bullet HYPE-USD | −0.0006% | 1h | 92.622 | +0.024% | $111K | $579K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.610 | +0.011% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.618 | +0.020% | $23K | $310K | 10x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPEShow 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 −0.0002% | 1h | 92.662 | +0.067% | $61K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0003% | 4h | 92.571 | −0.031% | $8.7M | $36.1M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.003 | +0.435% | $211K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0037% | 4h | 92.609 | +0.010% | — | $53.1M | — | as long as short |
| Bybit HYPEUSDT | +0.0044% | 8h | 92.590 | −0.011% | $318.0M | $278.5M | 75x | as long as short |
| Gate HYPE_USDT | +0.0044% | 4h | 92.600 | 0.000% | $44.5M | $56.2M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0057% | 8h | 92.660 | +0.065% | $12.5M | $2.7M | 50x | as long as short |
| Derive HYPE-PERP | +0.0066% | 1h | 92.597 | −0.003% | $16.1M | $7.5M | 10x | as long as short |
| OKX HYPE-USDT-SWAPshort | +0.0073% | 8h | 92.583 | −0.018% | $113.2M | $299.7M | 50x | |
| Binance HYPEUSDT | +0.0085% | 4h | 92.590 | −0.011% | $374.5M | $889.1M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0086% | 4h | 92.630 | +0.032% | $87.9M | $81.7M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 92.559 | −0.045% | $338K | $163K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.632 | +0.035% | $16.1M | $62.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.625 | +0.027% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.627 | +0.029% | $68K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USDlong | +0.0100% | 8h | 92.600 | long leg | $29K | $1.6M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 92.589 | −0.011% | $5.8M | $43.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.671 | +0.077% | $2.02B | $656.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.584 | −0.017% | $10.0M | $14.8M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.640 | +0.043% | $45.8M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.603 | +0.003% | $223.7M | $97.2M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.580 | −0.022% | $7.4M | $10.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.797 | +0.213% | $31.2M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.816 | +0.233% | $7.5M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.850 | +0.270% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.861 | +0.282% | $664K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.713 | +0.122% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.654 | +0.058% | $468K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.610 | +0.011% | $78K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.647 | +0.051% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.639 | +0.042% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.810 | +0.227% | $202K | $13K | 10x | as long as short |
| edgeX HYPEUSDC | +0.0102% | 4h | 92.791 | +0.207% | $5.0M | $29.0M | 30x | as long as short |
| HTX HYPE-USDT | +0.0103% | 4h | 92.744 | +0.156% | $1.4M | $6.1M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.617 | +0.018% | $18.3M | $43.0M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.615 | +0.016% | $394K | $162K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 92.640 | +0.043% | $4.7M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0260% | 1h | 92.624 | +0.026% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0267% | 8h | 92.841 | +0.260% | $1.8M | $5.4M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0325% | 4h | 92.618 | +0.019% | $16.8M | $11.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0156% | 1h | 92.666 | +0.072% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0451% | 1h | 92.740 | +0.151% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 92.689 | +0.096% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.390 | +0.853% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0690% | 1h | 92.698 | +0.105% | $20.6M | $30.2M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
Phemex HYPEUSDT
Derive HYPE-PERP
Binance HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
edgeX HYPEUSDC
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD