Funding you earn now, next payment 01:38 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.003%
Price spread now: Derive against Perpl−0.061%7-day average −0.032% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.061%, 7d avg −0.032%
=Together, before fees+0.145%+ Points / potential airdropPerpl: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Derive is 0.029% cheaper against Perpl than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.032%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 93.325 | 0 | get 0.0000% / 43m | 7m 06s | $22K | $321K | 10x |
| Short | Derive HYPE-PERP | 93.268 | 0.0100 | get 0.0013% / 1h | 2m 06s | $16.2M | $7.6M | 10x |
Perpl HYPE
Derive HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Perpl. 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
- $21
- Price spread: −0.061% → −0.032%
- −$2.9
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$1.7
- Costs to cover
- 0.198%
- Break-even
- 7.6 days
Slippage unknown: Perpl: no order-book sample; Derive: 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Perpl and Derive: 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 54 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 | −0.1120% | 1h | 93.340 | +0.017% | $196K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.203 | −0.130% | $1.2M | $3.8M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.404 | +0.085% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0063% | 1h | 93.280 | −0.048% | $699K | $905K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0056% | 8h | 93.295 | −0.032% | $12.6M | $2.7M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0052% | 4h | 93.284 | −0.043% | $156K | $640K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.338 | +0.014% | $85K | $347K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0015% | 1h | 93.445 | +0.130% | $22K | $21K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.383 | +0.063% | $128K | $31K | 5x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 93.325 | long leg | $22K | $321K | 10x |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
Phemex HYPEUSDT
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
dYdX HYPE-USDShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0002% | 4h | 93.319 | −0.006% | $8.8M | $35.7M | 300x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.338 | +0.015% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0012% | 4h | 93.296 | −0.031% | — | $53.2M | — | as long as short |
| Bybit HYPEUSDT | +0.0015% | 8h | 93.281 | −0.047% | $320.0M | $276.5M | 75x | as long as short |
| Gate HYPE_USDT | +0.0016% | 4h | 93.291 | −0.036% | $44.4M | $55.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0019% | 1h | 93.271 | −0.057% | $7.4M | $10.4M | 20x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.424 | +0.107% | $210K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 93.301 | −0.025% | $114.6M | $301.7M | 50x | as long as short |
| Bullet HYPE-USD | +0.0077% | 1h | 93.334 | +0.010% | $112K | $578K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0080% | 4h | 93.294 | −0.033% | $88.1M | $83.5M | 100x | as long as short |
| Binance HYPEUSDT | +0.0080% | 4h | 93.307 | −0.019% | $379.6M | $879.2M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.295 | −0.032% | $5.0M | $30.0M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.329 | +0.005% | $16.3M | $62.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.314 | −0.011% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.327 | +0.003% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.353 | +0.031% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.320 | −0.005% | $16K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.324 | 0.000% | $5.7M | $43.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.421 | +0.103% | $2.04B | $657.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.339 | +0.015% | $10.0M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | +0.011% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.307 | −0.019% | $46.2M | $18.0M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.289 | −0.038% | $225.7M | $97.1M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.349 | +0.026% | $31.1M | $54.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.360 | +0.038% | $7.5M | $46.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.340 | +0.017% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.464 | +0.149% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.380 | +0.060% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.347 | +0.024% | $474K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.278 | −0.050% | $79K | $170K | 20x | as long as short |
| Derive HYPE-PERPshort | +0.0100% | 1h | 93.268 | −0.061% | $16.2M | $7.6M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.420 | +0.102% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.302 | −0.024% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.273 | −0.055% | $18.3M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.317 | −0.008% | $397K | $172K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.430 | +0.113% | $4.9M | $5.4M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 94.180 | +0.917% | $31K | $339K | 12x | as long as short |
| HTX HYPE-USDT | +0.0198% | 4h | 93.500 | +0.188% | $1.4M | $5.9M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.404 | +0.086% | $3.2M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0256% | 1h | 93.323 | −0.001% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0279% | 8h | 93.402 | +0.083% | $1.9M | $4.9M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.340 | +0.016% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0425% | 1h | 93.385 | +0.065% | $7.4M | $4.4M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0683% | 1h | 93.372 | +0.051% | $20.8M | $30.0M | 50x | as long as short |
Aster HYPEUSDT
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
Backpack HYPE_USDC_PERP
Phoenix HYPE
OKX HYPE-USDT-SWAP
Bullet HYPE-USD
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD