Funding you earn now, next payment 00:00 UTC+0.0097%/8h= +10.7% APRpaid last 24h +0.024%
Price spread now: Katana Perps against Ondo Perps+0.074%7-day average −0.041% · 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)+0.064%+$6 on $10k
+Price spread, last 7 days+0.197%+$20 · spread now +0.074%, 7d avg −0.041%
=Together, before fees+0.260%+ Points / potential airdropOndo Perps: Active · farm board+$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Katana Perps is 0.115% dearer against Ondo Perps than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps HYPE-USD.P | 94.030 | 0.0002 | pay 0.0000% / 1h | 41m 56s | $705K | $908K | 10x |
| Short | Katana Perps HYPE-USD | 94.100 | 0.0100 | get 0.0100% / 8h | 41m 56s | $29K | $1.6M | 10x |
Ondo Perps HYPE-USD.P
Katana Perps HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- $20.45
- Price spread: +0.074% → −0.041%
- $11.53
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $23.18
- Costs to cover
- 0.088%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Katana Perps: no order-book sample. 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 Katana Perps no order-book sample | — | — | — | — | — |
Ondo Perps and 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 | −0.0616% | 1h | 94.235 | +0.218% | $199K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0418% | 1h | 94.131 | +0.108% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 93.982 | −0.051% | $1.2M | $3.8M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.076 | +0.049% | $3K | $331 | 25x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.120 | +0.096% | $128K | $30K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.053 | +0.025% | $23K | $329K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.072 | +0.045% | $27K | — | 150x | as long as short |
| Ondo Perps HYPE-USD.Plong | +0.0002% | 1h | 94.030 | long leg | $705K | $908K | 10x | |
| Phoenix HYPE | +0.0009% | 1h | 94.301 | +0.288% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0009% | 4h | 94.055 | +0.027% | $164K | $577K | 20x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | +0.0021% | 8h | 94.040 | +0.011% | $323.9M | $282.5M | 75x | as long as short |
| 01 Exchange HYPEUSD | +0.0032% | 1h | 94.030 | 0.000% | $86K | $364K | 20x | as long as short |
| Aster HYPEUSDT | +0.0039% | 4h | 94.025 | −0.005% | $8.9M | $35.9M | 300x | as long as short |
| Phemex HYPEUSDT | +0.0061% | 8h | 94.015 | −0.016% | $12.8M | $2.6M | 50x | as long as short |
| Gate HYPE_USDT | +0.0070% | 4h | 94.017 | −0.014% | $44.2M | $58.4M | 75x | as long as short |
| Binance HYPEUSDT | +0.0074% | 4h | 94.052 | +0.023% | $385.1M | $891.2M | 75x | as long as short |
| Derive HYPE-PERP | +0.0076% | 1h | 93.986 | −0.046% | $16.5M | $7.1M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0076% | 4h | 94.029 | −0.001% | $88.8M | $81.2M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0087% | 4h | 94.189 | +0.169% | $5.1M | $29.9M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.067 | +0.039% | $19.0M | $59.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.055 | +0.027% | $3.1M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.045 | +0.016% | $63K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.071 | +0.044% | $342K | $171K | 20x | as long as short |
| Katana Perps HYPE-USDshort | +0.0100% | 8h | 94.100 | +0.074% | $29K | $1.6M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 94.035 | +0.005% | $5.7M | $44.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.098 | +0.072% | $10.2M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.054 | +0.026% | $116.0M | $320.1M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.095 | +0.070% | $205K | $7K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.042 | +0.013% | $47.2M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.036 | +0.006% | $227.7M | $102.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.042 | +0.013% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.065 | +0.037% | $7.9M | $10.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.203 | +0.184% | $31.9M | $53.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.223 | +0.205% | $7.6M | $45.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.200 | +0.181% | $336K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.233 | +0.216% | $681K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.105 | +0.080% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.062 | +0.034% | $492K | $2.5M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 94.025 | −0.006% | $112K | $579K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.025 | −0.005% | $76K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.046 | +0.017% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.026 | −0.004% | $2.0M | $2.0M | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.0104% | 1h | 94.160 | +0.138% | $31K | $338K | 12x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.017 | −0.014% | $18.4M | $42.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.038 | +0.008% | $400K | $318K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0132% | 8h | 94.095 | +0.069% | $1.9M | $5.0M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 94.080 | +0.053% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0226% | 4h | 94.232 | +0.215% | $1.5M | $7.8M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0248% | 1h | 94.029 | −0.001% | $77K | $142K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0284% | 1h | 94.097 | +0.071% | $2.8M | $6.9M | 20x | as long as short |
| BloFin HYPE-USDT | +0.0309% | 4h | 94.057 | +0.029% | $17.0M | $12.6M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0165% | 1h | 94.053 | +0.024% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0398% | 1h | 94.143 | +0.120% | $7.4M | $4.6M | 50x | as long as short |
| Hyperliquid HYPE | +0.0498% | 1h | 94.110 | +0.085% | $2.05B | $668.8M | 10x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0576% | 1h | 94.137 | +0.114% | $21.0M | $29.2M | 50x | as long as short |
Bybit HYPEUSDT
01 Exchange HYPEUSD
Aster HYPEUSDT
Phemex HYPEUSDT
Gate HYPE_USDT
Binance HYPEUSDT
Derive HYPE-PERP
MEXC HYPE_USDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
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
Bullet HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Injective HYPE/USDC PERP
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
RISEx HYPE/USDC
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Hyperliquid HYPE
Kraken Futures PF_HYPEUSD