Funding you earn now, next payment 01:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.038%
Price spread now: Hyperliquid against Bluefin+0.159%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$410.414% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.159%, 7d avg +0.055%
=Together, before fees+0.083%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.104% dearer against Bluefin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin HYPE-PERP | 93.751 | 0.0082 | pay 0.0010% / 1h | 6m 06s | $76K | $170K | 20x |
| Short | Hyperliquid HYPE | 93.900 | 0.0100 | get 0.0013% / 1h | 6m 06s | $2.05B | $668.6M | 10x |
Bluefin HYPE-PERP
Hyperliquid HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $3.79
- Price spread: +0.159% → +0.055%
- $10.41
- Slippage, 4 orders
- −$25.36
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$27.16
- Costs to cover
- 0.414%
- Break-even
- 57.1 days
Slippage from Bluefin: live order book, 3 min ago; Hyperliquid: live order book, 8 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, 3 min ago | 5.49 bp | 17.2 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.05 bp | 4.6 bp −$5 | 5.7 bp −$57 | 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 | −0.1128% | 1h | 93.815 | +0.068% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.685 | −0.070% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0193% | 1h | 93.943 | +0.205% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0098% | 1h | 93.810 | +0.063% | $710K | $958K | 10x | as long as short |
| dYdX HYPE-USD | −0.0084% | 1h | 93.911 | +0.171% | $129K | $31K | 5x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.787 | +0.038% | $85K | $359K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.856 | +0.112% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0050% | 1h | 93.799 | +0.051% | $113K | $580K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0038% | 8h | 93.823 | +0.077% | $12.8M | $2.6M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0034% | 4h | 93.769 | +0.019% | $159K | $643K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Phemex HYPEUSDT
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPE_USDT | −0.0014% | 4h | 93.825 | +0.079% | $44.4M | $60.4M | 75x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.836 | +0.090% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.818 | +0.071% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0007% | 4h | 93.813 | +0.066% | $8.9M | $36.0M | 300x | as long as short |
| Derive HYPE-PERP | +0.0010% | 1h | 93.747 | −0.004% | $16.4M | $7.6M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0019% | 8h | 93.833 | +0.087% | $322.9M | $278.8M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.045 | +0.314% | $214K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0054% | 4h | 93.854 | +0.110% | $88.3M | $83.4M | 100x | as long as short |
| Binance HYPEUSDT | +0.0054% | 4h | 93.848 | +0.103% | $383.2M | $893.4M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0055% | 4h | 94.001 | +0.267% | $5.1M | $29.7M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0071% | 8h | 93.851 | +0.107% | $116.0M | $314.6M | 50x | as long as short |
| Bluefin HYPE-PERPlong | +0.0082% | 1h | 93.751 | long leg | $76K | $170K | 20x | |
| Lighter HYPE | +0.0096% | 1h | 93.868 | +0.125% | $18.9M | $60.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.840 | +0.095% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.802 | +0.054% | $64K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.777 | +0.028% | $399K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.847 | +0.103% | $341K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.780 | +0.031% | $31K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.841 | +0.097% | $6.6M | $44.6M | 10x | as long as short |
| Hyperliquid HYPEshort | +0.0100% | 1h | 93.900 | +0.159% | $2.05B | $668.6M | 10x | |
| Pacifica HYPE | +0.0100% | 1h | 93.847 | +0.103% | $10.1M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.843 | +0.098% | $46.6M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.859 | +0.115% | $227.3M | $100.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.842 | +0.097% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.792 | +0.044% | $7.9M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.768 | +0.018% | $31.3M | $53.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.999 | +0.265% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.020 | +0.287% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.866 | +0.123% | $670K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.850 | +0.106% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.820 | +0.074% | $474K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.839 | +0.094% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.833 | +0.087% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.894 | +0.152% | $204K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.768 | +0.018% | $18.4M | $45.1M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.870 | +0.127% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.810 | +0.063% | $31K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0218% | 4h | 93.919 | +0.179% | $17.1M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.820 | +0.074% | $2.7M | $6.7M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0244% | 8h | 93.896 | +0.155% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.781 | +0.033% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0335% / S −0.0159% | 1h | 93.815 | +0.068% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0367% | 4h | 94.004 | +0.270% | $1.5M | $5.9M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0400% | 1h | 93.907 | +0.166% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0672% | 1h | 93.901 | +0.160% | $20.9M | $29.7M | 50x | as long as short |
Gate HYPE_USDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Bybit 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
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
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD