Funding you earn now, next payment 22:46 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.020%
Price spread now: Perpl against Phemex+0.172%48s7-day average −0.010% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.172%, 7d avg −0.010%
=Together, before fees−0.255%+ Points / potential airdropPerpl: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.182% dearer against Phemex than usual: you sell high and buy low (spread +0.172% now, against its 7-day average of −0.010%): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.1 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HYPEUSDT | 93.234 | 0.0100 | pay 0.0100% / 8h | 1h 06m | $12.7M | $2.6M | 50x |
| Short | Perpl HYPE | 93.394 | 0 | get 0.0000% / 43m | 19m 28s | $23K | $330K | 10x |
Phemex HYPEUSDT
Perpl HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$21
- Price spread: +0.172% → −0.010%
- $18.17
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$28.63
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Perpl: 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 Phemex live order book, 3 min ago | 2.25 bp | 21.5 bp −$21 | 36.5 bp −$365 | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0476% | 1h | 93.219 | −0.016% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0416% | 1h | 93.238 | +0.004% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.355 | +0.130% | $1.2M | $3.9M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0129% | 1h | 93.160 | −0.079% | $699K | $894K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.346 | +0.120% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.463 | +0.246% | $91K | $358K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.390 | +0.167% | $127K | $32K | 5x | as long as short |
| Perpl HYPEshort | 0.0000% | 43m | 93.394 | +0.172% | $23K | $330K | 10x | |
| Aster HYPEUSDT | +0.0002% | 4h | 93.405 | +0.184% | $8.9M | $35.7M | 300x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.272 | +0.040% | $27K | — | 150x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
dYdX HYPE-USD
Aster HYPEUSDT
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex HYPEUSDT | +0.0008% | 1h | 93.431 | +0.211% | $58K | $1.2M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0016% | 4h | 93.253 | +0.020% | $176K | $524K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0020% | 8h | 93.404 | +0.182% | $323.6M | $282.3M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.306 | +0.077% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0047% | 1h | 93.248 | +0.015% | $111K | $577K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0060% | 4h | 93.432 | +0.212% | $90.3M | $82.4M | 100x | as long as short |
| Binance HYPEUSDT | +0.0061% | 4h | 93.431 | +0.211% | $383.5M | $886.3M | 75x | as long as short |
| Derive HYPE-PERP | +0.0061% | 1h | 93.213 | −0.022% | $16.3M | $7.0M | 10x | as long as short |
| Gate HYPE_USDT | +0.0062% | 4h | 93.411 | +0.190% | $44.1M | $58.8M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0080% | 4h | 93.250 | +0.017% | $5.1M | $29.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.455 | +0.237% | $18.6M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.421 | +0.201% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.250 | +0.018% | $397K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.417 | +0.197% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.390 | +0.167% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.430 | +0.211% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.448 | +0.230% | $2.03B | $661.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.431 | +0.211% | $10.1M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.420 | +0.199% | $114.2M | $312.6M | 50x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.392 | +0.169% | $47.0M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.439 | +0.220% | $226.7M | $102.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.415 | +0.194% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.331 | +0.104% | $7.8M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.212 | −0.023% | $30.8M | $51.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.317 | +0.089% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.303 | +0.074% | $415K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.230 | −0.004% | $674K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.422 | +0.202% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.448 | +0.230% | $494K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.255 | +0.023% | $76K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.270 | +0.039% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.255 | +0.023% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDTlong | +0.0100% | 8h | 93.234 | long leg | $12.7M | $2.6M | 50x | |
| Bulk HYPE-USD | +0.0100% | 1h | 93.280 | +0.049% | $204K | $8K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.411 | +0.190% | $18.2M | $41.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0118% | 8h | 93.272 | +0.041% | $1.9M | $5.2M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.280 | +0.049% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0220% | 4h | 93.369 | +0.145% | $1.5M | $7.7M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.530 | +0.317% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0243% | 4h | 93.225 | −0.010% | $16.9M | $12.4M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0248% | 1h | 93.426 | +0.206% | $77K | $159K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.477 | +0.261% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.271 | +0.039% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0372% | 1h | 93.352 | +0.127% | $7.4M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.387 | +0.164% | $20.9M | $28.9M | 50x | as long as short |
Popdex HYPEUSDT
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Phoenix HYPE
Bullet HYPE-USD
MEXC HYPE_USDT
Binance HYPEUSDT
Derive HYPE-PERP
Gate HYPE_USDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Injective HYPE/USDC PERP
BloFin HYPE-USDT
Reya HYPERUSDPERP
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD