Funding you earn now, next payment 21:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h −0.038%
Price spread now: Perpl against Phoenix−0.023%7-day average −0.080% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.416%−$42 on $10k
+Price spread, last 3 days (all we have)−0.068%−$7 · spread now −0.023%, 7d avg −0.080%
=Together, before fees−0.483%+ Points / potential airdropPerpl: Active · farm board−$48 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.057% dearer against Phoenix than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.080%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.416% in total) that is about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix HYPE | 93.345 | 0.0068 | pay 0.0009% / 1h | 7m 30s | $215K | $1.2M | 10x |
| Short | Perpl HYPE | 93.323 | 0 | get 0.0000% / 43m | 37m 30s | $23K | $334K | 10x |
Phoenix HYPE
Perpl HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl 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
- −$14.38
- Price spread: −0.023% → −0.080%
- $5.67
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$29.51
- Costs to cover
- 0.208%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 1 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 Phoenix live order book, 1 min ago | 1.18 bp | 5.6 bp −$6 | 10.7 bp −$107 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.0856% | 1h | 93.329 | −0.017% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0254% | 1h | 93.424 | +0.085% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0226% | 1h | 93.240 | −0.112% | $700K | $931K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.321 | −0.026% | $90K | $357K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.298 | −0.050% | $3K | $331 | 25x | as long as short |
| Derive HYPE-PERP | −0.0035% | 1h | 93.258 | −0.093% | $16.4M | $7.1M | 10x | as long as short |
| Bullet HYPE-USD | −0.0028% | 1h | 93.274 | −0.076% | $111K | $580K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.383 | +0.041% | $127K | $32K | 5x | as long as short |
| Perpl HYPEshort | 0.0000% | 43m | 93.323 | −0.023% | $23K | $334K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.340 | −0.005% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
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 | 93.308 | −0.040% | $8.9M | $35.8M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0030% | 8h | 93.310 | −0.037% | $325.0M | $287.1M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0032% | 1h | 93.304 | −0.044% | $58K | $1.2M | 50x | as long as short |
| Gate HYPE_USDT | +0.0032% | 4h | 93.294 | −0.055% | $43.9M | $57.8M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0054% | 4h | 93.327 | −0.019% | $165K | $539K | 20x | as long as short |
| Phoenix HYPElong | +0.0068% | 1h | 93.345 | long leg | $215K | $1.2M | 10x | |
| SoDEX HYPE-USD | +0.0090% | 1h | 93.304 | −0.044% | $2.0M | $2.0M | 10x | as long as short |
| Vest HYPE-PERP | +0.0094% | 1h | 93.335 | −0.010% | — | $454K | 5x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.343 | −0.003% | $18.6M | $59.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.332 | −0.014% | $3.1M | $12.4M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.327 | −0.019% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.320 | −0.027% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.305 | −0.043% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.391 | +0.049% | $2.03B | $670.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.330 | −0.016% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.304 | −0.044% | $385.1M | $889.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.290 | −0.059% | $114.6M | $314.7M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.281 | −0.069% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.285 | −0.064% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.304 | −0.044% | $93.1M | $82.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.307 | −0.041% | $46.1M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.322 | −0.025% | $226.7M | $102.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.296 | −0.052% | — | $54.1M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.334 | −0.012% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.263 | −0.088% | $29.1M | $50.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.304 | −0.044% | $7.5M | $45.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.276 | −0.074% | $405K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.340 | −0.005% | $675K | $2.5M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.338 | −0.007% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.299 | −0.049% | $75K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.358 | +0.014% | $32K | $1.6M | 20x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.343 | −0.002% | $12.7M | $2.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0101% | 8h | 93.395 | +0.054% | $1.9M | $5.2M | 2.3x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.292 | −0.056% | $18.3M | $41.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.311 | −0.037% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0113% | 4h | 93.268 | −0.082% | $5.1M | $29.4M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.390 | +0.048% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.304 | −0.044% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.910 | +0.605% | $31K | $291K | 12x | as long as short |
| HTX HYPE-USDT | +0.0292% | 4h | 93.469 | +0.133% | $1.5M | $7.7M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0328% | 1h | 93.420 | +0.080% | $7.4M | $4.6M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.346 | +0.001% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.271 | −0.079% | $17.1M | $12.4M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.367 | +0.024% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.430 | +0.091% | $19.1M | $26.2M | 50x | as long as short |
Aster HYPEUSDT
Bybit HYPEUSDT
Popdex HYPEUSDT
Gate HYPE_USDT
Orderly PERP_HYPE_USDC
SoDEX HYPE-USD
Vest HYPE-PERP
Lighter HYPE
Lighter RH HYPE
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
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
Phemex HYPEUSDT
Kalshi KXHYPEPERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD