Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.026%
Price spread now: dYdX against Bluefin+0.181%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$860.864% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 3 days (all we have)+0.214%+$21 · spread now +0.181%, 7d avg +0.008%
=The price spread pays, funding is against you. dYdX is 0.173% dearer against Bluefin than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of +0.008%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.8 days. At the pace of the last 7 days (−0.028% in total) that is about 44 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin HYPE-PERP | 93.554 | 0.0100 | pay 0.0013% / 1h | 32m 25s | $76K | $169K | 20x |
| Short | dYdX HYPE-USD | 93.723 | 0 | get 0.0000% / 1h | 32m 25s | $128K | $33K | 5x |
Bluefin HYPE-PERP
dYdX HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Bluefin. 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
- −$21
- Price spread: +0.181% → +0.008%
- $17.29
- Slippage, 4 orders
- −$69.39
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$90.1
- Costs to cover
- 0.864%
- Break-even
- never at this rate
Slippage from Bluefin: live order book, 17 min ago; dYdX: live order book, 17 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 Bluefin live order book, 17 min ago | 4.19 bp | 13.8 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 17 min ago | 25.44 bp | 30.5 bp −$31 | 110.4 bp −$1,104 | 211.2 bp −$21.1K | 1408.2 bp −$704.1K |
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 | −0.1320% | 1h | 93.395 | −0.170% | $196K | $237K | 7x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.681 | +0.136% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0046% | 1h | 93.390 | −0.176% | $22K | $22K | 10x | as long as short |
| dYdX HYPE-USDshort | 0.0000% | 1h | 93.723 | +0.181% | $128K | $33K | 5x | |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.791 | +0.253% | $1.9M | $5.3M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.693 | +0.149% | $23K | $352K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0005% | 1h | 93.650 | +0.103% | $44K | — | 150x | as long as short |
| 01 Exchange HYPEUSD | +0.0016% | 1h | 93.688 | +0.143% | $89K | $327K | 20x | as long as short |
| Aster HYPEUSDT | +0.0018% | 4h | 93.665 | +0.119% | $9.0M | $36.4M | 300x | as long as short |
| Gate HYPE_USDT | +0.0020% | 4h | 93.647 | +0.099% | $44.2M | $56.0M | 75x | as long as short |
Hibachi HYPE/USDT-P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
01 Exchange HYPEUSD
Aster HYPEUSDT
Gate HYPE_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | +0.0056% | 8h | 93.680 | +0.135% | $326.1M | $285.1M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0066% | 1h | 93.659 | +0.112% | $18.6M | $24.0M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0093% | 4h | 93.534 | −0.021% | $182K | $505K | 20x | as long as short |
| Phoenix HYPE | +0.0094% | 1h | 93.461 | −0.099% | $205K | $1.1M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.720 | +0.177% | $18.9M | $57.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.737 | +0.196% | $3.1M | $12.4M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.666 | +0.120% | $56K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.710 | +0.167% | $25K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.703 | +0.160% | $6.0M | $44.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.706 | +0.162% | $10.0M | $14.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.668 | +0.122% | $391.0M | $876.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.693 | +0.149% | $114.6M | $316.1M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0100% | 1h | 93.630 | +0.081% | $701K | $951K | 10x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.643 | +0.095% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.684 | +0.139% | $205K | $9K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.642 | +0.094% | $90.5M | $81.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.666 | +0.120% | $46.4M | $19.6M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.665 | +0.119% | $227.1M | $102.3M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.672 | +0.126% | — | $54.3M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.713 | +0.170% | $8.0M | $11.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.336 | −0.233% | $28.7M | $49.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.371 | −0.195% | $7.5M | $45.4M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.462 | −0.098% | $457K | $934K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.497 | −0.061% | $676K | $2.3M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.682 | +0.137% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.703 | +0.159% | $468K | $2.6M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.647 | +0.099% | $112K | $574K | 20x | as long as short |
| Bluefin HYPE-PERPlong | +0.0100% | 1h | 93.554 | long leg | $76K | $169K | 20x | |
| Derive HYPE-PERP | +0.0100% | 1h | 93.513 | −0.044% | $16.4M | $6.9M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.571 | +0.018% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.531 | −0.025% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.655 | +0.108% | $12.7M | $2.5M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0101% | 8h | 93.720 | +0.178% | $341K | $171K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.655 | +0.108% | $18.2M | $40.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.532 | −0.023% | $398K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0110% | 4h | 93.333 | −0.236% | $5.0M | $28.8M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.610 | +0.060% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0243% | 1h | 93.644 | +0.096% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0254% | 1h | 93.730 | +0.188% | $30K | $182K | 12x | as long as short |
| Hyperliquid HYPE | +0.0301% | 1h | 93.742 | +0.201% | $2.04B | $659.7M | 10x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.601 | +0.050% | $17.3M | $12.3M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0342% / S −0.0168% | 1h | 93.631 | +0.082% | $1.4M | — | 100x | as long as short |
| RISEx HYPE/USDC | +0.0422% | 1h | 93.746 | +0.206% | $2.8M | $6.7M | 20x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0445% | 1h | 93.640 | +0.092% | $7.4M | $4.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0465% | 4h | 93.799 | +0.262% | $1.5M | $7.5M | 75x | as long as short |
Bybit HYPEUSDT
Kraken Futures PF_HYPEUSD
Orderly PERP_HYPE_USDC
Phoenix HYPE
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Ondo Perps HYPE-USD.P
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
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bullet HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
Hyperliquid HYPE
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
RISEx HYPE/USDC
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT