Funding you earn now, next payment 07:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.004%
Price spread now: SoDEX against Paradex−0.086%7-day average −0.023% · 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−$28as in the Price arb table
costs, in and out, $10k−$210.214% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.086%, 7d avg −0.023%
=Together, before fees+0.051%+ Points / potential airdropParadex: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. SoDEX is 0.063% cheaper against Paradex than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.023%). If the spread goes back, that is −$6 on $10k: about 9.5 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (0.000% in total) that is about years.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex HYPE-USD-PERP | 93.575 | 0.0078 | pay 0.0078% / 8h | 1h 41m | $334K | $161K | 20x |
| Short | SoDEX HYPE-USD | 93.494 | 0.0100 | get 0.0013% / 1h | 41m 39s | $2.0M | $1.9M | 10x |
Paradex HYPE-USD-PERP
SoDEX HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Paradex. 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
- $4.68
- Price spread: −0.086% → −0.023%
- −$6.32
- Slippage, 4 orders
- −$9.36
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$23
- Costs to cover
- 0.214%
- Break-even
- 41.4 days
Slippage from Paradex: live order book, 2 min ago; SoDEX: live order book, 2 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 Paradex live order book, 2 min ago | 1.66 bp | 3.7 bp −$4 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 2 min ago | 0.21 bp | 6.9 bp −$7 | 13.4 bp −$134 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1080% | 1h | 93.575 | 0.000% | $198K | $241K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0222% | 1h | 93.677 | +0.109% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0125% | 1h | 93.510 | −0.069% | $704K | $1.2M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.505 | −0.074% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0075% | 1h | 93.502 | −0.077% | $111K | $580K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.539 | −0.038% | $86K | $370K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0030% | 1h | 93.542 | −0.035% | $79K | $155K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0022% | 4h | 93.495 | −0.085% | $145K | $685K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.525 | −0.053% | $128K | $28K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.595 | +0.022% | $1.8M | $5.6M | 2.3x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Bullet HYPE-USD
01 Exchange HYPEUSD
Bluefin HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.499 | −0.080% | $20K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.550 | −0.026% | $83K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0004% | 4h | 93.548 | −0.029% | — | $53.7M | — | as long as short |
| Bybit HYPEUSDT | +0.0005% | 8h | 93.520 | −0.058% | $315.7M | $288.6M | 75x | as long as short |
| Derive HYPE-PERP | +0.0013% | 1h | 93.471 | −0.111% | $16.3M | $7.4M | 10x | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 93.654 | +0.085% | $209K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 93.545 | −0.032% | $225.5M | $99.6M | 75x | as long as short |
| Paradex HYPE-USD-PERPlong | +0.0078% | 8h | 93.575 | long leg | $334K | $161K | 20x | |
| edgeX HYPEUSDC | +0.0082% | 4h | 93.576 | +0.001% | $5.0M | $30.6M | 30x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.518 | −0.061% | $1.0M | $4.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0086% | 8h | 93.550 | −0.026% | $12.8M | $2.8M | 50x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 93.510 | −0.069% | $78K | $1.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.553 | −0.023% | $16.1M | $63.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.555 | −0.021% | $3.1M | $11.1M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.510 | −0.069% | $22K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.499 | −0.080% | $7.4M | $51.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.641 | +0.071% | $2.05B | $683.3M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.559 | −0.017% | $8.8M | $37.3M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.587 | +0.013% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.553 | −0.023% | $374.9M | $931.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.536 | −0.041% | $115.5M | $315.7M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.536 | −0.041% | $48.3M | $55.1M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.555 | −0.021% | $89.7M | $83.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.565 | −0.010% | $46.3M | $18.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.527 | −0.051% | $7.2M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.579 | +0.004% | $28.6M | $56.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.664 | +0.095% | $7.5M | $48.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.589 | +0.015% | $347K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.611 | +0.039% | $678K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.575 | +0.001% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.514 | −0.065% | $469K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.559 | −0.017% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USDshort | +0.0100% | 1h | 93.494 | −0.086% | $2.0M | $1.9M | 10x | |
| HTX HYPE-USDT | +0.0100% | 4h | 93.648 | +0.078% | $1.4M | $6.7M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.507 | −0.072% | $216K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.529 | −0.049% | $18.2M | $43.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.524 | −0.054% | $395K | $159K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.560 | −0.016% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.450 | −0.133% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0271% | 1h | 93.479 | −0.103% | $77K | $130K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.556 | −0.019% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.516 | −0.063% | $16.9M | $12.2M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0349% | 1h | 93.617 | +0.045% | $7.4M | $4.2M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0416% | 1h | 93.594 | +0.021% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.576 | +0.001% | $3.2M | $6.4M | 20x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
Bitget HYPEUSDT
edgeX HYPEUSDC
Arcus HYPE-USD
Phemex HYPEUSDT
Popdex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC