Funding you earn now, next payment 01:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.032%
Price spread now: RISEx against SoDEX+0.095%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$210.208% of the position
Funding, last 3 days (all we have)+0.112%+$11 on $10k
+Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.095%, 7d avg +0.018%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.077% dearer against SoDEX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX HYPE-USD | 94.004 | 0.0100 | pay 0.0013% / 1h | 21m 49s | $2.0M | $2.0M | 10x |
| Short | RISEx HYPE/USDC | 94.094 | 0.0222 | get 0.0028% / 1h | 21m 49s | $2.7M | $6.8M | 20x |
SoDEX HYPE-USD
RISEx HYPE/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against SoDEX. 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
- $25.65
- Price spread: +0.095% → +0.018%
- $7.73
- Slippage, 4 orders
- −$6.82
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $12.55
- Costs to cover
- 0.208%
- Break-even
- 3.6 days
Slippage from SoDEX: live order book, 2 min ago; RISEx: live order book, 2 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 SoDEX live order book, 2 min ago | 0.16 bp | 7.1 bp −$7 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 2 min ago | 0.43 bp | 3.4 bp −$3 | 5.8 bp −$58 | doesn't fit | 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 | −0.1344% | 1h | 94.009 | +0.005% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.973 | −0.033% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0209% | 1h | 94.143 | +0.148% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0141% | 1h | 94.020 | +0.017% | $711K | $960K | 10x | as long as short |
| dYdX HYPE-USD | −0.0120% | 1h | 94.123 | +0.127% | $129K | $31K | 5x | as long as short |
| Bullet HYPE-USD | −0.0105% | 1h | 94.021 | +0.018% | $113K | $581K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 94.024 | +0.021% | $86K | $360K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0081% | 8h | 94.038 | +0.036% | $12.8M | $2.6M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.063 | +0.063% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0021% | 4h | 94.000 | −0.004% | $159K | $645K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Bullet HYPE-USD
01 Exchange HYPEUSD
Phemex HYPEUSDT
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0020% | 8h | 94.000 | −0.004% | $323.0M | $280.2M | 75x | as long as short |
| Gate HYPE_USDT | −0.0012% | 4h | 93.985 | −0.020% | $44.5M | $59.9M | 75x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.054 | +0.053% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.060 | +0.060% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0017% | 4h | 93.991 | −0.014% | $8.9M | $36.1M | 300x | as long as short |
| Derive HYPE-PERP | +0.0031% | 1h | 93.972 | −0.034% | $16.4M | $7.3M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.222 | +0.232% | $219K | $1.2M | 10x | as long as short |
| Binance HYPEUSDT | +0.0051% | 4h | 94.012 | +0.009% | $383.5M | $893.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0052% | 4h | 93.993 | −0.012% | $89.2M | $82.8M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0059% | 4h | 94.143 | +0.148% | $5.1M | $29.9M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 93.999 | −0.005% | $116.0M | $318.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.019 | +0.016% | $19.1M | $59.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.012 | +0.009% | $3.0M | $12.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.029 | +0.027% | $64K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 94.000 | −0.004% | $400K | $180K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0098% | 1h | 94.036 | +0.034% | $76K | $171K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.126 | +0.130% | $342K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.080 | +0.081% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.046 | +0.044% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.086 | +0.087% | $2.05B | $672.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.104 | +0.107% | $10.2M | $14.6M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.018 | +0.015% | $46.8M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.015 | +0.012% | $228.0M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.001 | −0.003% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.998 | −0.006% | $7.7M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.149 | +0.155% | $31.5M | $54.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.199 | +0.207% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.088 | +0.089% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.072 | +0.072% | $680K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.073 | +0.073% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.050 | +0.049% | $480K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.107 | +0.110% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USDlong | +0.0100% | 1h | 94.004 | long leg | $2.0M | $2.0M | 10x | |
| Bulk HYPE-USD | +0.0100% | 1h | 94.151 | +0.156% | $205K | $2K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.968 | −0.038% | $18.8M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.040 | +0.038% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.020 | +0.017% | $31K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0211% | 4h | 94.060 | +0.060% | $17.0M | $12.2M | 75x | as long as short |
| RISEx HYPE/USDCshort | +0.0222% | 1h | 94.094 | +0.095% | $2.7M | $6.8M | 20x | |
| Kalshi KXHYPEPERP | +0.0228% | 8h | 94.127 | +0.131% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 94.015 | +0.011% | $79K | $142K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0282% | 1h | 94.105 | +0.107% | $7.5M | $4.6M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0155% | 1h | 94.051 | +0.050% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0391% | 4h | 94.200 | +0.209% | $1.5M | $6.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0671% | 1h | 94.093 | +0.095% | $21.0M | $29.7M | 50x | as long as short |
Bybit HYPEUSDT
Gate HYPE_USDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Bluefin HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
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
SunX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Kraken Futures PF_HYPEUSD