Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.7% APRnext payment +$0.24 per $10,000 · paid last 24h +0.027%
Price spread now: Paradex against OKX−0.016%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Funding, last 4 days (all we have)+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.016%, 7d avg +0.035%
=Together, before fees+0.089%+ Points / potential airdropParadex: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paradex is 0.051% cheaper against OKX than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.035%). If the spread goes back, that is −$5 on $10k: about 7.0 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX HYPE-USDT-SWAP | 92.878 | 0.0071 | pay 0.0071% / 8h | 5h 04m | $113.2M | $299.0M | 50x |
| Short | Paradex HYPE-USD-PERP | 92.863 | 0.0095 | get 0.0095% / 8h | 5h 04m | $339K | $163K | 20x |
OKX HYPE-USDT-SWAP
Paradex HYPE-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against OKX. 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
- $5.1
- Price spread: −0.016% → +0.035%
- −$5.08
- Slippage, 4 orders
- −$4.83
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$18.81
- Costs to cover
- 0.188%
- Break-even
- 32.8 days
Slippage from OKX: live order book, 5 min ago; Paradex: live order book, 60 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 OKX live order book, 5 min ago | 0.05 bp | 7.0 bp −$7 | 9.2 bp −$92 | 20.8 bp −$2,081 | doesn't fit |
| Sell Paradex live order book, 60 min ago | 1.28 bp | 3.3 bp −$3 | 7.3 bp −$73 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0899% | 1h | 92.708 | −0.183% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0896% | 1h | 92.844 | −0.037% | $195K | $227K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0129% | 1h | 92.760 | −0.127% | $698K | $1.0M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0091% | 1h | 93.018 | +0.151% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.841 | −0.040% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 92.787 | −0.098% | $86K | $348K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0055% | 4h | 92.815 | −0.068% | $158K | $658K | 20x | as long as short |
| Bullet HYPE-USD | −0.0002% | 1h | 92.826 | −0.056% | $111K | $579K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.903 | +0.027% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.818 | −0.065% | $23K | $309K | 10x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0001% | 4h | 92.865 | −0.014% | $8.8M | $36.0M | 300x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.861 | −0.019% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0023% | 8h | 92.879 | +0.001% | $12.5M | $2.7M | 50x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.003 | +0.135% | $212K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0038% | 4h | 92.890 | +0.013% | — | $53.1M | — | as long as short |
| Bybit HYPEUSDT | +0.0044% | 8h | 92.882 | +0.004% | $319.5M | $277.2M | 75x | as long as short |
| Gate HYPE_USDT | +0.0044% | 4h | 92.874 | −0.004% | $44.4M | $55.9M | 75x | as long as short |
| Derive HYPE-PERP | +0.0067% | 1h | 92.818 | −0.065% | $16.1M | $7.5M | 10x | as long as short |
| OKX HYPE-USDT-SWAPlong | +0.0071% | 8h | 92.878 | long leg | $113.2M | $299.0M | 50x | |
| MEXC HYPE_USDT | +0.0086% | 4h | 92.884 | +0.006% | $88.7M | $81.5M | 100x | as long as short |
| Binance HYPEUSDT | +0.0086% | 4h | 92.878 | 0.000% | $375.7M | $882.9M | 75x | as long as short |
| Paradex HYPE-USD-PERPshort | +0.0095% | 8h | 92.863 | −0.016% | $339K | $163K | 20x | |
| Lighter HYPE | +0.0096% | 1h | 92.906 | +0.030% | $16.1M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.898 | +0.022% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.811 | −0.072% | $67K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 92.800 | −0.084% | $20K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.827 | −0.054% | $5.8M | $43.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.937 | +0.064% | $2.03B | $654.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.857 | −0.022% | $10.0M | $14.8M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.906 | +0.030% | $46.0M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.887 | +0.010% | $224.5M | $96.5M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.867 | −0.012% | $7.4M | $10.0M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.797 | −0.087% | $31.2M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.172 | +0.317% | $7.5M | $46.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.081 | +0.219% | $338K | $998K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.886 | +0.009% | $664K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.860 | −0.019% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.865 | −0.014% | $469K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.821 | −0.061% | $79K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.921 | +0.046% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.891 | +0.014% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.810 | −0.073% | $202K | $13K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.842 | −0.039% | $18.3M | $42.9M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.866 | −0.013% | $395K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 92.971 | +0.100% | $5.0M | $29.0M | 30x | as long as short |
| HTX HYPE-USDT | +0.0108% | 4h | 93.023 | +0.156% | $1.4M | $6.1M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 92.920 | +0.045% | $4.7M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0259% | 1h | 92.816 | −0.066% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0267% | 8h | 92.902 | +0.026% | $1.9M | $5.2M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0326% | 4h | 92.824 | −0.058% | $16.9M | $11.4M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0156% | 1h | 92.858 | −0.021% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0460% | 1h | 92.983 | +0.113% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 92.921 | +0.046% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.390 | +0.551% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0688% | 1h | 92.955 | +0.083% | $20.7M | $30.0M | 50x | as long as short |
Aster HYPEUSDT
gTrade (Gains Network) HYPE/USD
Phemex HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
Derive HYPE-PERP
MEXC HYPE_USDT
Binance HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
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
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
HTX HYPE-USDT
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