Funding you earn now, next payment 21:20 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.020%
Price spread now: Variational Omni against Perpl−0.069%7-day average −0.031% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.069%+$7 on $10k
+Price spread, last 3 days (all we have)−0.121%−$12 · spread now −0.069%, 7d avg −0.031%
=Together, before fees−0.052%+ Points / potential airdropPerpl: Active · Variational Omni: Active · farm board−$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.038% cheaper against Perpl than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.031%). If the spread goes back, that is −$4 on $10k: about 30 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 | 93.327 | 0 | get 0.0000% / 43m | 40m 25s | $23K | $337K | 10x |
| Short | Variational Omni HYPE | 93.263 | 0.0100 | get 0.0100% / 8h | 2h 10m | $29.1M | $50.2M | — |
Perpl HYPE
Variational Omni HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: −0.069% → −0.031%
- −$3.75
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $3.45
- Costs to cover
- 0.138%
- Break-even
- 5.9 days
Slippage unknown: Perpl: no order-book sample; Variational Omni: RFQ quote, 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 4 min ago | 0.44 bp | doesn't fit | 0.6 bp −$6 | 23.4 bp −$2,336 | 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 | −0.0920% | 1h | 93.381 | +0.058% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0256% | 1h | 93.477 | +0.161% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0236% | 1h | 93.410 | +0.089% | $700K | $932K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.337 | +0.011% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.322 | −0.005% | $90K | $353K | 20x | as long as short |
| Derive HYPE-PERP | −0.0025% | 1h | 93.309 | −0.019% | $16.4M | $7.1M | 10x | as long as short |
| Bullet HYPE-USD | −0.0015% | 1h | 93.304 | −0.024% | $110K | $581K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.383 | +0.060% | $127K | $32K | 5x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 93.327 | long leg | $23K | $337K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.350 | +0.025% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Derive HYPE-PERP
Bullet HYPE-USD
dYdX HYPE-USD
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0010% | 4h | 93.292 | −0.037% | $8.9M | $35.8M | 300x | as long as short |
| Gate HYPE_USDT | +0.0024% | 4h | 93.303 | −0.026% | $43.9M | $57.7M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0030% | 8h | 93.280 | −0.050% | $324.9M | $287.2M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0040% | 1h | 93.305 | −0.023% | $58K | $1.2M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0055% | 4h | 93.321 | −0.006% | $163K | $539K | 20x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.605 | +0.298% | $216K | $1.2M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.344 | +0.019% | $18.6M | $59.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.338 | +0.012% | $3.1M | $12.4M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0097% | 1h | 93.287 | −0.043% | $2.0M | $2.0M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.330 | +0.003% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.350 | +0.025% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.305 | −0.024% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.390 | +0.068% | $2.03B | $671.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.322 | −0.005% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.304 | −0.024% | $385.2M | $889.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.283 | −0.047% | $114.6M | $315.0M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.285 | −0.045% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.285 | −0.045% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.304 | −0.024% | $93.1M | $82.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.310 | −0.018% | $46.2M | $18.7M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.313 | −0.015% | $226.7M | $102.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.284 | −0.046% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.335 | +0.009% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPEshort | +0.0100% | 8h | 93.263 | −0.069% | $29.1M | $50.2M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.439 | +0.120% | $7.5M | $45.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.558 | +0.248% | $406K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.346 | +0.021% | $675K | $2.5M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.337 | +0.011% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.295 | −0.034% | $75K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.369 | +0.045% | $32K | $1.6M | 20x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.345 | +0.020% | $12.7M | $2.6M | 50x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.343 | +0.017% | — | $454K | 5x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.293 | −0.036% | $18.3M | $41.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.322 | −0.005% | $397K | $318K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0108% | 8h | 93.396 | +0.074% | $1.9M | $5.3M | 2.3x | as long as short |
| edgeX HYPEUSDC | +0.0118% | 4h | 93.534 | +0.222% | $5.1M | $29.7M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.390 | +0.068% | $4.9M | $5.7M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0243% | 1h | 93.405 | +0.084% | $7.4M | $4.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.304 | −0.024% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.910 | +0.625% | $31K | $291K | 12x | as long as short |
| HTX HYPE-USDT | +0.0297% | 4h | 93.487 | +0.172% | $1.5M | $7.7M | 75x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.289 | −0.041% | $17.1M | $12.4M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0346% / S −0.0171% | 1h | 93.343 | +0.017% | $1.5M | — | 100x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.365 | +0.041% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.412 | +0.091% | $19.1M | $26.1M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Popdex HYPEUSDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
Lighter HYPE
Lighter RH HYPE
SoDEX HYPE-USD
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
Phemex HYPEUSDT
Vest HYPE-PERP
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
HTX HYPE-USDT
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD