Funding you earn now, next payment 05:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.009%
Price spread now: Extended against Phemex+0.008%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$460.459% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.008%, 7d avg −0.050%
=Together, before fees+0.054%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.057% dearer against Phemex than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HYPEUSDT | 92.978 | 0.0049 | pay 0.0049% / 8h | 3h 20m | $12.6M | $2.7M | 50x |
| Short | Extended HYPE-USD | 92.985 | 0.0104 | get 0.0013% / 1h | 20m 15s | $18.0M | $43.6M | 50x |
Phemex HYPEUSDT
Extended HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phemex. 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
- $11.54
- Price spread: +0.008% → −0.050%
- $5.74
- Slippage, 4 orders
- −$28.91
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$28.63
- Costs to cover
- 0.459%
- Break-even
- 24.4 days
Slippage from Phemex: live order book, 4 min ago; Extended: live order book, 4 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 Phemex live order book, 4 min ago | 3.18 bp | 21.0 bp −$21 | 39.6 bp −$396 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.54 bp | 5.6 bp −$6 | 7.4 bp −$74 | 27.5 bp −$2,754 | 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 | −0.1720% | 1h | 92.759 | −0.235% | $194K | $232K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0299% | 1h | 92.824 | −0.165% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.866 | −0.120% | $1.0M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.882 | −0.103% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0057% | 4h | 92.954 | −0.026% | $145K | $681K | 20x | as long as short |
| Bullet HYPE-USD | −0.0003% | 1h | 92.929 | −0.053% | $112K | $577K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.850 | −0.138% | $127K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.876 | −0.110% | $22K | $293K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.967 | −0.012% | $62K | — | 150x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0018% | 1h | 92.860 | −0.127% | $697K | $1.1M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Ondo Perps HYPE-USD.PShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange HYPEUSD | +0.0024% | 1h | 92.923 | −0.059% | $87K | $364K | 20x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 92.921 | −0.061% | $208K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 92.970 | −0.009% | $316.2M | $283.1M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0040% | 1h | 92.900 | −0.084% | $81K | $1.1M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0044% | 4h | 93.009 | +0.033% | $225.1M | $99.0M | 75x | as long as short |
| Phemex HYPEUSDTlong | +0.0049% | 8h | 92.978 | long leg | $12.6M | $2.7M | 50x | |
| Lighter HYPE | +0.0096% | 1h | 92.987 | +0.010% | $16.0M | $62.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.007 | +0.031% | $3.1M | $11.6M | 20x | as long as short |
| Gate HYPE_USDT | +0.0096% | 4h | 92.941 | −0.040% | $45.2M | $54.5M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0098% | 4h | 92.694 | −0.306% | $4.9M | $29.6M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 92.917 | −0.066% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.900 | −0.084% | $39K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.875 | −0.110% | $7.4M | $46.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.927 | −0.055% | $2.02B | $666.8M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 92.984 | +0.006% | $8.7M | $36.2M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.927 | −0.055% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.981 | +0.003% | $374.2M | $906.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.976 | −0.002% | $114.2M | $304.5M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.709 | −0.290% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.969 | −0.010% | $91.5M | $81.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.953 | −0.027% | $46.2M | $18.5M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.956 | −0.024% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.879 | −0.106% | $7.2M | $11.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.839 | −0.150% | $28.5M | $57.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.808 | −0.183% | $7.5M | $46.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.725 | −0.272% | $340K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.846 | −0.142% | $668K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.943 | −0.038% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.935 | −0.046% | $487K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.978 | 0.000% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.950 | −0.030% | $16.0M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.921 | −0.061% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.008 | +0.032% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.137 | +0.171% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USDshort | +0.0104% | 1h | 92.985 | +0.008% | $18.0M | $43.6M | 50x | |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.976 | −0.002% | $393K | $164K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0121% | 8h | 92.980 | +0.002% | $1.8M | $5.4M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.060 | +0.088% | $4.7M | $5.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 93.086 | +0.116% | $20.7M | $29.6M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.150 | +0.185% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0266% | 1h | 92.952 | −0.028% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.965 | −0.014% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.872 | −0.114% | $16.8M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0438% | 1h | 93.106 | +0.138% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 92.959 | −0.020% | $3.2M | $6.3M | 20x | as long as short |
01 Exchange HYPEUSD
Phoenix HYPE
Bybit HYPEUSDT
Popdex HYPEUSDT
Bitget HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Gate HYPE_USDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC