Funding you earn now, next payment 00:55 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.035%
Price spread now: Phoenix against Perpl−0.253%7-day average +0.081% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.408%+$41 on $10k
+Price spread, last 4 days (all we have)+0.345%+$34 · spread now −0.253%, 7d avg +0.081%
=Together, before fees+0.753%+ Points / potential airdropPerpl: Active · farm board+$75 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.333% cheaper against Perpl than usual: you would sell low and buy high (spread −0.253% now, against its 7-day average of +0.081%). If the spread goes back, that is −$33 on $10k: about 19 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.408% in total) that is about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 93.426 | 0 | get 0.0000% / 43m | 8m 58s | $22K | $333K | 10x |
| Short | Phoenix HYPE | 93.190 | 0.0060 | get 0.0007% / 1h | 46m 58s | $212K | $1.2M | 10x |
Perpl HYPE
Phoenix HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $12.59
- Price spread: −0.253% → +0.081%
- −$33.33
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$41.54
- Costs to cover
- 0.208%
- Break-even
- 30.1 days
Slippage unknown: Perpl: no order-book sample; Phoenix: live order book, 1 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 1 min ago | 1.18 bp | 5.7 bp −$6 | 9.3 bp −$93 | 128.2 bp −$12.8K | doesn't fit |
Perpl: 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 | −0.1064% | 1h | 93.383 | −0.046% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.276 | −0.161% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0184% | 1h | 93.371 | −0.059% | $22K | $21K | 10x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0125% | 1h | 93.296 | −0.139% | $7.8M | $10.6M | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0112% | 1h | 93.340 | −0.092% | $699K | $978K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.377 | −0.053% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0080% | 4h | 93.318 | −0.116% | $44.2M | $53.8M | 75x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.404 | −0.024% | $85K | $361K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0064% | 8h | 93.331 | −0.102% | $12.7M | $2.7M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0052% | 4h | 93.304 | −0.131% | $158K | $646K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Backpack HYPE_USDC_PERP
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Gate HYPE_USDT
01 Exchange HYPEUSD
Phemex HYPEUSDT
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0025% | 4h | 93.318 | −0.116% | $8.9M | $36.2M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.427 | 0.000% | $128K | $31K | 5x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 93.426 | long leg | $22K | $333K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.382 | −0.048% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0016% | 4h | 93.325 | −0.108% | — | $54.2M | — | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.300 | −0.135% | $319.3M | $283.2M | 75x | as long as short |
| Bullet HYPE-USD | +0.0029% | 1h | 93.346 | −0.086% | $111K | $579K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0033% | 1h | 93.337 | −0.095% | $79K | $174K | 20x | as long as short |
| Binance HYPEUSDT | +0.0044% | 4h | 93.322 | −0.112% | $380.4M | $905.3M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0046% | 4h | 93.331 | −0.102% | $88.2M | $82.3M | 100x | as long as short |
| Derive HYPE-PERP | +0.0058% | 1h | 93.301 | −0.134% | $16.2M | $7.6M | 10x | as long as short |
| Phoenix HYPEshort | +0.0060% | 1h | 93.190 | −0.253% | $212K | $1.2M | 10x | |
| edgeX HYPEUSDC | +0.0062% | 4h | 93.437 | +0.012% | $5.1M | $29.9M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0065% | 8h | 93.305 | −0.130% | $115.0M | $315.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.345 | −0.087% | $397K | $177K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.325 | −0.108% | $16.4M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.315 | −0.119% | $3.1M | $11.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.407 | −0.020% | $64K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.406 | −0.022% | $339K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.420 | −0.007% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.334 | −0.098% | $6.6M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.423 | −0.003% | $2.04B | $675.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.385 | −0.044% | $10.0M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.404 | −0.024% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.314 | −0.120% | $46.0M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.339 | −0.093% | $225.9M | $100.8M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.281 | −0.156% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.420 | −0.006% | $7.5M | $47.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.460 | +0.036% | $338K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.508 | +0.088% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.437 | +0.012% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.417 | −0.010% | $467K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.416 | −0.011% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.304 | −0.131% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.251 | −0.187% | $18.4M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.380 | −0.049% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.250 | −0.188% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0175% | 4h | 93.407 | −0.020% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.452 | +0.027% | $2.7M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0253% | 1h | 93.357 | −0.074% | $79K | $142K | 15x | as long as short |
| HTX HYPE-USDT | +0.0259% | 4h | 93.490 | +0.068% | $1.4M | $6.1M | 75x | as long as short |
| Kalshi KXHYPEPERP | +0.0259% | 8h | 93.441 | +0.016% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.379 | −0.050% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0489% | 1h | 93.392 | −0.036% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0683% | 1h | 93.374 | −0.055% | $20.8M | $30.0M | 50x | as long as short |
Aster HYPEUSDT
dYdX HYPE-USD
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
Bullet HYPE-USD
Bluefin HYPE-PERP
Binance HYPEUSDT
MEXC HYPE_USDT
Derive HYPE-PERP
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Aevo HYPE-PERP
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
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
HTX HYPE-USDT
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD