Funding you earn now, next payment 22:00 UTC+0.0305%/8h= +33.4% APRnext payment +$0.38 per $10,000 · paid last 24h −0.001%
Price spread now: Coinbase International against Ondo Perps+0.118%7-day average +0.053% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.118%, 7d avg +0.053%
=Together, before fees−0.049%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.065% dearer against Ondo Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.053%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps HYPE-USD.P | 93.380 | −0.0129 | get 0.0016% / 1h | 5m 19s | $699K | $896K | 10x |
| Short | Coinbase International HYPE-PERP-INTX | 93.490 | 0.0176 | get 0.0022% / 1h | 5m 19s | $4.9M | $5.7M | 50x |
Ondo Perps HYPE-USD.P
Coinbase International HYPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Ondo 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
- $64.01
- Price spread: +0.118% → +0.053%
- $6.46
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $55.47
- Costs to cover
- 0.150%
- Break-even
- 0.9 days
Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 4 min ago | 0.54 bp | 6.8 bp −$7 | 12.3 bp −$123 | 32.8 bp −$3,278 | doesn't fit |
Ondo 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 | −0.0477% | 1h | 93.324 | −0.060% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0416% | 1h | 93.238 | −0.152% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.366 | −0.015% | $1.2M | $3.9M | 10x | as long as short |
| Ondo Perps HYPE-USD.Plong | −0.0129% | 1h | 93.380 | long leg | $699K | $896K | 10x | |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.431 | +0.055% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.465 | +0.091% | $91K | $358K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.390 | +0.011% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.408 | +0.030% | $23K | $330K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.463 | +0.089% | $27K | — | 150x | as long as short |
| Popdex HYPEUSDT | +0.0008% | 1h | 93.435 | +0.059% | $58K | $1.2M | 50x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Popdex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0008% | 4h | 93.451 | +0.076% | $8.9M | $35.7M | 300x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0016% | 4h | 93.446 | +0.071% | $176K | $524K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0020% | 8h | 93.428 | +0.051% | $323.6M | $281.4M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.456 | +0.081% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0056% | 1h | 93.432 | +0.055% | $112K | $577K | 20x | as long as short |
| Derive HYPE-PERP | +0.0059% | 1h | 93.404 | +0.026% | $16.3M | $7.0M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0060% | 4h | 93.440 | +0.064% | $90.3M | $82.4M | 100x | as long as short |
| Binance HYPEUSDT | +0.0061% | 4h | 93.442 | +0.067% | $383.5M | $885.9M | 75x | as long as short |
| Gate HYPE_USDT | +0.0062% | 4h | 93.433 | +0.057% | $44.1M | $58.9M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0063% | 4h | 93.210 | −0.183% | $5.1M | $29.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.493 | +0.121% | $18.6M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.479 | +0.106% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.459 | +0.085% | $398K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.443 | +0.067% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.440 | +0.064% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.434 | +0.058% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.463 | +0.089% | $2.03B | $661.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.466 | +0.093% | $10.1M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.427 | +0.050% | $114.3M | $312.6M | 50x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.454 | +0.079% | $47.1M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.448 | +0.073% | $226.7M | $102.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.438 | +0.062% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.435 | +0.059% | $7.9M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.352 | −0.030% | $30.8M | $51.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.317 | −0.067% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.209 | −0.183% | $415K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.230 | −0.161% | $674K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.454 | +0.080% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.463 | +0.089% | $494K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.434 | +0.058% | $76K | $166K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.475 | +0.102% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.435 | +0.059% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.399 | +0.020% | $12.7M | $2.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.280 | −0.107% | $204K | $8K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.417 | +0.039% | $18.2M | $41.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0120% | 8h | 93.500 | +0.129% | $1.9M | $5.2M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTXshort | +0.0176% | 1h | 93.490 | +0.118% | $4.9M | $5.7M | 50x | |
| HTX HYPE-USDT | +0.0219% | 4h | 93.585 | +0.220% | $1.5M | $7.7M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.350 | −0.032% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0242% | 4h | 93.400 | +0.021% | $16.9M | $12.4M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0248% | 1h | 93.436 | +0.060% | $77K | $159K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.485 | +0.113% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0165% | 1h | 93.464 | +0.090% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0403% | 1h | 93.537 | +0.168% | $7.4M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0464% | 1h | 93.551 | +0.183% | $20.9M | $28.9M | 50x | as long as short |
Aster HYPEUSDT
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Phoenix HYPE
Bullet HYPE-USD
Derive HYPE-PERP
MEXC HYPE_USDT
Binance HYPEUSDT
Gate HYPE_USDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
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
Bulk HYPE-USD
Extended HYPE-USD
Kalshi KXHYPEPERP
HTX HYPE-USDT
Injective HYPE/USDC PERP
BloFin HYPE-USDT
Reya HYPERUSDPERP
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD