Funding you earn now, next payment 01:00 UTC+0.0128%/8h= +14.1% APRnext payment +$0.16 per $10,000 · paid last 24h +0.011%
Price spread now: Derive against 01 Exchange−0.043%7-day average −0.060% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.006%+$1 on $10k
+Price spread, last 3 days (all we have)−0.052%−$5 · spread now −0.043%, 7d avg −0.060%
=The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange HYPEUSD | 94.258 | −0.0080 | get 0.0010% / 1h | 35m 30s | $86K | $361K | 20x |
| Short | Derive HYPE-PERP | 94.217 | 0.0048 | get 0.0006% / 1h | 35m 30s | $16.5M | $7.3M | 10x |
01 Exchange HYPEUSD
Derive HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against 01 Exchange. 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
- $26.96
- Price spread: −0.043% → −0.060%
- $1.68
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $15.65
- Costs to cover
- 0.130%
- Break-even
- 2.9 days
Slippage unknown: 01 Exchange: live order book, 39 min ago; Derive: 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 01 Exchange live order book, 39 min ago | 0.16 bp | 6.9 bp −$7 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | −0.1448% | 1h | 94.155 | −0.110% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 94.174 | −0.089% | $1.2M | $3.8M | 10x | as long as short |
| Phemex HYPEUSDT | −0.0277% | 8h | 94.233 | −0.027% | $12.8M | $2.6M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.0262% | 1h | 94.121 | −0.146% | $22K | $23K | 10x | as long as short |
| dYdX HYPE-USD | −0.0185% | 1h | 94.245 | −0.014% | $129K | $30K | 5x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0158% | 1h | 94.220 | −0.040% | $710K | $947K | 10x | as long as short |
| Bullet HYPE-USD | −0.0093% | 1h | 94.232 | −0.028% | $112K | $580K | 20x | as long as short |
| 01 Exchange HYPEUSDlong | −0.0080% | 1h | 94.258 | long leg | $86K | $361K | 20x | |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.260 | +0.002% | $3K | $331 | 25x | as long as short |
| Bybit HYPEUSDT | −0.0019% | 8h | 94.230 | −0.030% | $323.7M | $280.8M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Phemex HYPEUSDT
Aftermath Perps HYPEUSD
dYdX HYPE-USD
Ondo Perps HYPE-USD.P
Bullet HYPE-USD
Hotstuff HYPE-PERP
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.0012% | 4h | 94.264 | +0.006% | $166K | $599K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.262 | +0.004% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.283 | +0.027% | $27K | — | 150x | as long as short |
| Gate HYPE_USDT | +0.0016% | 4h | 94.264 | +0.006% | $44.6M | $59.6M | 75x | as long as short |
| Aster HYPEUSDT | +0.0024% | 4h | 94.279 | +0.022% | $8.9M | $36.1M | 300x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.173 | −0.090% | $219K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0048% | 4h | 94.277 | +0.020% | $89.7M | $82.4M | 100x | as long as short |
| Derive HYPE-PERPshort | +0.0048% | 1h | 94.217 | −0.043% | $16.5M | $7.3M | 10x | |
| Binance HYPEUSDT | +0.0051% | 4h | 94.264 | +0.007% | $384.5M | $893.2M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0058% | 4h | 94.030 | −0.242% | $5.1M | $29.8M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0081% | 8h | 94.249 | −0.010% | $116.3M | $319.5M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.319 | +0.065% | $19.1M | $58.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.291 | +0.035% | $3.1M | $12.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.245 | −0.014% | $63K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 94.266 | +0.008% | $401K | $193K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.314 | +0.060% | $343K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.250 | −0.008% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.249 | −0.009% | $6.7M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.368 | +0.117% | $2.06B | $675.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.291 | +0.035% | $10.2M | $14.6M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.287 | +0.031% | $46.7M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.259 | +0.001% | $228.6M | $100.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.267 | +0.010% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.293 | +0.037% | $7.7M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.220 | −0.040% | $31.8M | $54.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.045 | −0.226% | $7.6M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.252 | −0.006% | $341K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.245 | −0.014% | $682K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.281 | +0.024% | — | $271K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.266 | +0.008% | $481K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.479 | +0.234% | $77K | $171K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.330 | +0.076% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.279 | +0.022% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.120 | −0.146% | $205K | $4K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.245 | −0.014% | $19.1M | $44.1M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.310 | +0.055% | $5.0M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0182% | 4h | 94.242 | −0.017% | $17.1M | $12.3M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.390 | +0.140% | $31K | $338K | 12x | as long as short |
| Kalshi KXHYPEPERP | +0.0206% | 8h | 94.313 | +0.058% | $1.9M | $5.1M | 2.3x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.299 | +0.043% | $2.8M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0251% | 1h | 94.242 | −0.017% | $79K | $145K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0157% | 1h | 94.278 | +0.022% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0365% | 1h | 94.356 | +0.104% | $7.5M | $4.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0445% | 4h | 94.442 | +0.195% | $1.5M | $6.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0669% | 1h | 94.372 | +0.121% | $21.1M | $29.7M | 50x | as long as short |
Orderly PERP_HYPE_USDC
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Gate HYPE_USDT
Aster HYPEUSDT
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo 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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Injective HYPE/USDC PERP
Kalshi KXHYPEPERP
RISEx HYPE/USDC
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
Kraken Futures PF_HYPEUSD