Funding you earn now, next payment 01:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h −0.013%
Price spread now: Extended against Phoenix−0.400%88s7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$160.165% of the position
Funding, last 7 days−0.239%−$24 on $10k
+Price spread, last 7 days+0.283%+$28 · spread now −0.400%, 7d avg −0.132%
=Together, before fees+0.044%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.268% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.400% now, against its 7-day average of −0.132%). If the spread goes back, that is −$27 on $10k: about 20 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.239%, so the current rate has only just turned in your favour. The two prices were read 88 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 | Phoenix HYPE | 93.318 | 0.0060 | pay 0.0007% / 1h | 57m 48s | $210K | $1.2M | 10x |
| Short | Extended HYPE-USD | 92.945 | 0.0104 | get 0.0013% / 1h | 57m 48s | $18.3M | $43.5M | 50x |
Phoenix HYPE
Extended HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phoenix. 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
- $9.25
- Price spread: −0.400% → −0.132%
- −$26.79
- Slippage, 4 orders
- −$4.5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$34.04
- Costs to cover
- 0.165%
- Break-even
- 32.7 days
Slippage from Phoenix: live order book, 5 min ago; Extended: live order book, 1 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 Phoenix live order book, 5 min ago | 1.18 bp | 5.7 bp −$6 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 0.05 bp | 2.6 bp −$3 | 4.0 bp −$40 | 23.4 bp −$2,344 | doesn't fit |
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 | −0.1136% | 1h | 93.123 | −0.209% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 92.871 | −0.479% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0415% | 1h | 92.961 | −0.383% | $79K | $170K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0158% | 1h | 92.970 | −0.373% | $698K | $905K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0096% | 1h | 93.078 | −0.257% | $84K | $346K | 20x | as long as short |
| Bullet HYPE-USD | −0.0095% | 1h | 93.007 | −0.333% | $112K | $578K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.198 | −0.129% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0052% | 4h | 92.992 | −0.349% | $155K | $639K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0023% | 8h | 93.039 | −0.299% | $12.6M | $2.7M | 50x | as long as short |
| Aster HYPEUSDT | −0.0005% | 4h | 92.992 | −0.349% | $8.8M | $35.4M | 300x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Bluefin HYPE-PERP
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Bullet HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
Aster HYPEUSDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX HYPE-USD | 0.0000% | 1h | 93.017 | −0.323% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.092 | −0.242% | $22K | $321K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.025 | −0.314% | $25K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0009% | 8h | 92.970 | −0.373% | $319.0M | $275.7M | 75x | as long as short |
| Gate HYPE_USDT | +0.0012% | 4h | 92.971 | −0.372% | $44.3M | $54.1M | 75x | as long as short |
| BingX HYPE-USDT | +0.0012% | 4h | 92.972 | −0.371% | — | $53.1M | — | as long as short |
| Aftermath Perps HYPEUSD | +0.0013% | 1h | 93.325 | +0.008% | $22K | $21K | 10x | as long as short |
| Phoenix HYPElong | +0.0060% | 1h | 93.318 | long leg | $210K | $1.2M | 10x | |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 92.999 | −0.342% | $114.1M | $299.9M | 50x | as long as short |
| Binance HYPEUSDT | +0.0077% | 4h | 92.973 | −0.370% | $378.1M | $874.3M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0078% | 4h | 92.997 | −0.344% | $87.5M | $79.7M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0083% | 4h | 93.256 | −0.067% | $5.0M | $30.1M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.023 | −0.316% | $16.3M | $61.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.003 | −0.338% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.062 | −0.274% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.036 | −0.302% | $338K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.090 | −0.244% | $12K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.005 | −0.335% | $5.7M | $43.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.089 | −0.245% | $2.03B | $658.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.011 | −0.329% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | +0.018% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.010 | −0.330% | $46.0M | $17.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.011 | −0.329% | $225.0M | $96.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.967 | −0.376% | $7.3M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.219 | −0.106% | $31.1M | $54.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.419 | +0.108% | $7.5M | $46.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.263 | −0.059% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.218 | −0.107% | $665K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.122 | −0.210% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.054 | −0.283% | $473K | $2.4M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.986 | −0.356% | $16.1M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.189 | −0.138% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.010 | −0.330% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USDshort | +0.0104% | 1h | 92.945 | −0.400% | $18.3M | $43.5M | 50x | |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.002 | −0.338% | $396K | $170K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.100 | −0.234% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0207% | 4h | 93.200 | −0.126% | $1.4M | $5.9M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0256% | 1h | 93.002 | −0.339% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0276% | 8h | 93.073 | −0.263% | $1.9M | $4.8M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0298% | 1h | 93.093 | −0.241% | $7.4M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.023 | −0.316% | $1.4M | — | 100x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.157 | −0.172% | $3.2M | $6.7M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.170 | −0.159% | $30K | $338K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0687% | 1h | 93.087 | −0.248% | $20.7M | $30.0M | 50x | as long as short |
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
Gate HYPE_USDT
BingX HYPE-USDT
Aftermath Perps HYPEUSD
OKX HYPE-USDT-SWAP
Binance HYPEUSDT
MEXC HYPE_USDT
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
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD