Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bulk against Variational Omni+0.251%7-day average +0.068% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.251%, 7d avg +0.068%
=Together, before fees−0.199%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.183% dearer against Variational Omni than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni HYPE | 92.709 | 0.0100 | pay 0.0100% / 8h | 3h 54m | $28.4M | $57.4M | — |
| Short | Bulk HYPE-USD | 92.942 | 0.0100 | get 0.0013% / 1h | 54m 29s | $202K | $13K | 10x |
Variational Omni HYPE
Bulk HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Variational Omni. 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
- $0
- Price spread: +0.251% → +0.068%
- $18.3
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $11.3
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Bulk: live order book, 64 min ago. 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 Variational Omni RFQ quote, 5 min ago | 0.44 bp | doesn't fit | 3.3 bp −$33 | 19.3 bp −$1,933 | doesn't fit |
| Sell Bulk live order book, 64 min ago | 1.08 bp | 4.9 bp −$5 | 6.3 bp −$63 | 12.0 bp −$1,198 | 35.1 bp −$17.5K |
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 | −0.0528% | 1h | 92.732 | +0.025% | $193K | $228K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0264% | 1h | 92.838 | +0.140% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.917 | +0.225% | $1.1M | $3.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | −0.0091% | 1h | 92.784 | +0.081% | $350K | $1.0M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.941 | +0.250% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0064% | 4h | 92.944 | +0.254% | $44.6M | $53.6M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0063% | 4h | 92.892 | +0.198% | $157K | $653K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.965 | +0.277% | $127K | $29K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 92.870 | +0.174% | $1.8M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.902 | +0.208% | $22K | $301K | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
ApeX Omni HYPEUSDT
Hotstuff HYPE-PERP
Gate HYPE_USDT
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.897 | +0.203% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0038% | 8h | 92.939 | +0.248% | $12.6M | $2.7M | 50x | as long as short |
| Bybit HYPEUSDT | +0.0038% | 8h | 92.870 | +0.174% | $316.3M | $281.9M | 75x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.888 | +0.193% | $210K | $1.2M | 10x | as long as short |
| 01 Exchange HYPEUSD | +0.0056% | 1h | 92.963 | +0.274% | $87K | $362K | 20x | as long as short |
| Aster HYPEUSDT | +0.0072% | 4h | 92.922 | +0.230% | $8.7M | $36.2M | 300x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0082% | 1h | 92.800 | +0.098% | $697K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0082% | 4h | 92.873 | +0.177% | $224.9M | $98.8M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0088% | 4h | 92.755 | +0.050% | $4.9M | $29.5M | 30x | as long as short |
| Bullet HYPE-USD | +0.0093% | 1h | 92.864 | +0.168% | $111K | $579K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.945 | +0.255% | $16.1M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.948 | +0.258% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.926 | +0.234% | $69K | $1.1M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 92.967 | +0.279% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.920 | +0.228% | $39K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.915 | +0.223% | $7.5M | $45.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.924 | +0.232% | $2.02B | $663.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.969 | +0.280% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.949 | +0.259% | $373.8M | $903.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.873 | +0.177% | $114.0M | $304.1M | 50x | as long as short |
| Bulk HYPE-USDshort | +0.0100% | 1h | 92.942 | +0.251% | $202K | $13K | 10x | |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.879 | +0.184% | $88.1M | $79.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.949 | +0.259% | $46.2M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.937 | +0.246% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.969 | +0.281% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPElong | +0.0100% | 8h | 92.709 | long leg | $28.4M | $57.4M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.766 | +0.062% | $7.5M | $46.3M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.833 | +0.134% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.939 | +0.249% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.950 | +0.260% | $469K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.925 | +0.233% | $79K | $168K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.900 | +0.206% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.913 | +0.220% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.925 | +0.233% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0101% | 4h | 93.050 | +0.368% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.921 | +0.229% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.917 | +0.224% | $393K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 92.960 | +0.271% | $4.7M | $5.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 93.008 | +0.323% | $20.6M | $30.4M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 92.760 | +0.055% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0264% | 1h | 92.865 | +0.168% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0154% | 1h | 92.870 | +0.174% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.910 | +0.217% | $16.8M | $11.7M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0438% | 1h | 93.020 | +0.336% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 93.010 | +0.325% | $3.2M | $6.4M | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
Phemex HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
01 Exchange HYPEUSD
Aster HYPEUSDT
Ondo Perps HYPE-USD.P
Bitget HYPEUSDT
edgeX HYPEUSDC
Bullet HYPE-USD
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
GRVT HYPE_USDT_Perp
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
Extended HYPE-USD
Aevo HYPE-PERP
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