Funding you earn now, next payment 21:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.098%
Price spread now: RISEx against Ondo Perps+0.070%7-day average −0.020% · 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)+0.272%+$27 on $10k
+Price spread, last 7 days−0.207%−$21 · spread now +0.070%, 7d avg −0.020%
=Together, before fees+0.065%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.090% dearer against Ondo Perps than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps HYPE-USD.P | 96.490 | −0.0030 | get 0.0004% / 1h | 7m 49s | $726K | $1.3M | 10x |
| Short | RISEx HYPE/USDC | 96.558 | 0.0095 | get 0.0012% / 1h | 7m 49s | $3.1M | $4.0M | 20x |
Ondo Perps HYPE-USD.P
RISEx HYPE/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $26.26
- Price spread: +0.070% → −0.020%
- $9.01
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $24.28
- Costs to cover
- 0.110%
- Break-even
- 0.5 days
Slippage unknown: Ondo Perps: no order-book sample; RISEx: 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 RISEx live order book, 4 min ago | 0.05 bp | 3.1 bp −$3 | 5.1 bp −$51 | doesn't fit | 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 exchanges
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 | −0.0760% | 1h | 96.479 | −0.012% | $201K | $293K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0680% | 1h | 96.473 | −0.018% | $23K | $8K | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0590% | 1h | 96.468 | −0.023% | $85K | $137K | 20x | as long as short |
| BloFin HYPE-USDT | −0.0200% | 4h | 96.608 | +0.122% | $18.6M | $11.7M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | −0.0143% | 1h | 96.569 | +0.081% | $17.2M | $35.9M | 50x | as long as short |
| Aster HYPEUSDT | −0.0107% | 4h | 96.500 | +0.010% | $9.5M | $30.1M | 300x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 96.512 | +0.023% | $3K | $89 | 25x | as long as short |
| Ondo Perps HYPE-USD.Plong | −0.0030% | 1h | 96.490 | long leg | $726K | $1.3M | 10x | |
| 01 Exchange HYPEUSD | −0.0016% | 1h | 96.532 | +0.044% | $86K | $256K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0012% | 4h | 96.505 | +0.016% | $156K | $591K | 20x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Bluefin HYPE-PERP
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
Aster HYPEUSDT
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDCShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 96.528 | +0.040% | $24K | $176K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 96.542 | +0.054% | $19K | — | 150x | as long as short |
| Lighter HYPE | +0.0032% | 1h | 96.492 | +0.002% | $17.7M | $50.1M | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0040% | 1h | 96.540 | +0.052% | $5.0M | $5.6M | 50x | as long as short |
| Gate HYPE_USDT | +0.0076% | 4h | 96.501 | +0.011% | $69.7M | $56.5M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0081% | 4h | 96.314 | −0.182% | $5.1M | $24.9M | 30x | as long as short |
| Phoenix HYPE | +0.0083% | 1h | 96.569 | +0.082% | $199K | $1.1M | 10x | as long as short |
| Arcus HYPE-USD | +0.0085% | 1h | 96.477 | −0.013% | $1.1M | $2.8M | 10x | as long as short |
| RISEx HYPE/USDCshort | +0.0095% | 1h | 96.558 | +0.070% | $3.1M | $4.0M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 96.521 | +0.032% | $2.8M | $9.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 96.514 | +0.025% | $169K | $1.5M | 50x | as long as short |
| Derive HYPE-PERP | +0.0098% | 1h | 96.491 | +0.001% | $16.3M | $4.1M | 10x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 96.610 | +0.124% | $29K | $1.2M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 96.503 | +0.013% | $6.0M | $54.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 96.543 | +0.055% | $2.11B | $540.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 96.542 | +0.054% | $10.4M | $6.0M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 96.527 | +0.038% | $398.1M | $747.7M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0100% | 8h | 96.490 | 0.000% | $318.3M | $264.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 96.496 | +0.006% | $119.0M | $292.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 96.530 | +0.041% | $89.6M | $87.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 96.517 | +0.028% | $46.6M | $17.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 96.498 | +0.008% | $231.8M | $80.5M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 96.512 | +0.023% | — | $46.5M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 96.531 | +0.042% | $6.2M | $11.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 96.443 | −0.049% | $31.4M | $51.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 96.531 | +0.043% | $7.8M | $44.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 96.301 | −0.196% | $366K | $837K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 96.525 | +0.036% | $700K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 96.578 | +0.091% | — | $938 | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 96.526 | +0.037% | $473K | $3.5M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 96.510 | +0.021% | $114K | $516K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 96.569 | +0.082% | $33K | $1.1M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 96.511 | +0.022% | $2.1M | $271K | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 96.642 | +0.158% | $1.5M | $4.8M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 96.501 | +0.011% | $13.1M | $2.0M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 96.360 | −0.135% | $217K | $29K | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 96.526 | +0.037% | $344K | $22K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 96.515 | +0.025% | $18.2M | $29.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 96.538 | +0.050% | $408K | $184K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0113% | 8h | 96.604 | +0.118% | $1.7M | $4.0M | 2.3x | as long as short |
| dYdX HYPE-USD | +0.0134% | 1h | 96.517 | +0.028% | $128K | $93K | 5x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0148% / S +0.0017% | 1h | 96.544 | +0.056% | $1.4M | — | 100x | as long as short |
| Reya HYPERUSDPERP | +0.0264% | 1h | 96.510 | +0.020% | $84K | $67K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0371% | 1h | 96.609 | +0.123% | $7.6M | $3.2M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0697% | 1h | 96.420 | −0.073% | $31K | $284K | 12x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Lighter HYPE
Coinbase International HYPE-PERP-INTX
Gate HYPE_USDT
edgeX HYPEUSDC
Phoenix HYPE
Arcus HYPE-USD
Lighter RH HYPE
Popdex HYPEUSDT
Derive HYPE-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
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
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Phemex HYPEUSDT
Bulk HYPE-USD
Paradex HYPE-USD-PERP
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
dYdX HYPE-USD
GMX HYPE/USD [WBTC.b-USDC]
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
Injective HYPE/USDC PERP