Funding you earn now, next payment 08:00 UTC−0.0196%/8h= −21.4% APRpaid last 24h +0.014%
Price spread now: Ondo Perps against Orderly−0.005%7-day average −0.073% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now −0.005%, 7d avg −0.073%
=Together, before fees−0.057%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.067% dearer against Orderly than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.073%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.6% a year). A funding rate is set anew for every payment. 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 | Orderly PERP_HYPE_USDC | 94.385 | −0.0008 | get 0.0004% / 4h | 11m 04s | $147K | $686K | 20x |
| Short | Ondo Perps HYPE-USD.P | 94.380 | −0.0204 | pay 0.0025% / 1h | 11m 04s | $711K | $1.2M | 10x |
Orderly PERP_HYPE_USDC
Ondo Perps HYPE-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Orderly. 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
- −$41.13
- Price spread: −0.005% → −0.073%
- $6.75
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$45.39
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Ondo 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Orderly and 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1656% | 1h | 94.413 | +0.030% | $204K | $266K | 7x | as long as short |
| Bluefin HYPE-PERP | −0.0394% | 1h | 94.367 | −0.019% | $80K | $152K | 20x | as long as short |
| Ondo Perps HYPE-USD.Pshort | −0.0204% | 1h | 94.380 | −0.005% | $711K | $1.2M | 10x | |
| Bullet HYPE-USD | −0.0191% | 1h | 94.383 | −0.002% | $112K | $575K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0166% | 1h | 94.427 | +0.044% | $22K | $20K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0112% | 1h | 94.435 | +0.053% | $88K | $365K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.408 | +0.024% | $3K | $331 | 25x | as long as short |
| Arcus HYPE-USD | −0.0045% | 1h | 94.396 | +0.012% | $1.0M | $3.5M | 10x | as long as short |
| Derive HYPE-PERP | −0.0036% | 1h | 94.320 | −0.069% | $16.4M | $7.4M | 10x | as long as short |
| BingX HYPE-USDT | −0.0020% | 4h | 94.402 | +0.018% | — | $52.8M | — | as long as short |
Hibachi HYPE/USDT-P
Bluefin HYPE-PERP
Bullet HYPE-USD
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Arcus HYPE-USD
Derive HYPE-PERP
BingX HYPE-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0020% | 8h | 94.410 | +0.026% | $317.3M | $288.5M | 75x | as long as short |
| Lighter HYPE | −0.0016% | 1h | 94.410 | +0.026% | $16.4M | $64.6M | 20x | as long as short |
| Orderly PERP_HYPE_USDClong | −0.0008% | 4h | 94.385 | long leg | $147K | $686K | 20x | |
| dYdX HYPE-USD | 0.0000% | 1h | 94.388 | +0.003% | $129K | $94K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 94.485 | +0.106% | $1.9M | $5.6M | 2.3x | as long as short |
| Phoenix HYPE | 0.0000% | 1h | 94.527 | +0.150% | $209K | $1.1M | 10x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.422 | +0.039% | $19K | $286K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S 0.0000% | 1h | 94.430 | +0.048% | $124K | — | 150x | as long as short |
| Polymarket Perps HYPE-USD | +0.0015% | 1h | 94.427 | +0.044% | $498K | $2.8M | 20x | as long as short |
| Bitget HYPEUSDT | +0.0022% | 4h | 94.389 | +0.004% | $226.6M | $100.1M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0035% | 8h | 94.376 | −0.010% | $12.9M | $2.9M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0038% | 8h | 94.445 | +0.064% | $337K | $154K | 20x | as long as short |
| Vest HYPE-PERP | +0.0051% | 1h | 94.472 | +0.092% | — | $190K | 5x | as long as short |
| SoDEX HYPE-USD | +0.0055% | 1h | 94.402 | +0.018% | $2.1M | $1.9M | 10x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0064% | 1h | 94.420 | +0.037% | $4.7M | $6.2M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0065% | 8h | 94.424 | +0.041% | $117.7M | $325.1M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0083% | 4h | 94.403 | +0.019% | $5.0M | $30.8M | 30x | as long as short |
| Gate HYPE_USDT | +0.0092% | 4h | 94.402 | +0.018% | $50.3M | $56.8M | 75x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.415 | +0.032% | $3.2M | $10.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.415 | +0.032% | $79K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.400 | +0.016% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.415 | +0.031% | $7.2M | $52.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.504 | +0.126% | $2.08B | $688.9M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.417 | +0.034% | $8.8M | $37.1M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.446 | +0.065% | $10.2M | $15.0M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.418 | +0.035% | $378.6M | $932.5M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.307 | −0.083% | $218K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.410 | +0.026% | $89.7M | $84.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.405 | +0.021% | $46.9M | $18.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.392 | +0.007% | $7.6M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.390 | +0.006% | $29.6M | $54.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.478 | +0.098% | $7.6M | $45.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.458 | +0.077% | $350K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.428 | +0.046% | $683K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.487 | +0.108% | $32K | $1.6M | 20x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.542 | +0.166% | $1.4M | $6.8M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.377 | −0.008% | $18.3M | $43.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.360 | −0.027% | $399K | $153K | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0150% / S +0.0022% | 1h | 94.459 | +0.078% | $1.4M | — | 100x | as long as short |
| Injective HYPE/USDC PERP | +0.0185% | 1h | 94.740 | +0.376% | $31K | $340K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0223% | 1h | 94.440 | +0.058% | $20.2M | $30.2M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0248% | 1h | 94.502 | +0.124% | $7.4M | $4.3M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0249% | 1h | 94.447 | +0.066% | $3.2M | $6.4M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0272% | 1h | 94.386 | +0.001% | $83K | $122K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.399 | +0.015% | $17.1M | $12.4M | 75x | as long as short |
Bybit HYPEUSDT
Lighter HYPE
dYdX HYPE-USD
Kalshi KXHYPEPERP
Phoenix HYPE
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Polymarket Perps HYPE-USD
Bitget HYPEUSDT
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Vest HYPE-PERP
SoDEX HYPE-USD
Coinbase International HYPE-PERP-INTX
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Gate HYPE_USDT
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
GMX HYPE/USD [WBTC.b-USDC]
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Reya HYPERUSDPERP
BloFin HYPE-USDT