Funding you earn now, next payment 05:00 UTC+0.0498%/8h= +54.5% APRnext payment +$0.62 per $10,000 · paid last 24h +0.034%
Price spread now: RISEx against Bluefin+0.078%7-day average +0.025% · 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−$36as in the Price arb table
costs, in and out, $10k−$420.416% of the position
Funding, last 4 days (all we have)+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.078%, 7d avg +0.025%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and RISEx is 0.053% dearer against Bluefin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin HYPE-PERP | 92.884 | 0.0100 | pay 0.0013% / 1h | 44m 09s | $79K | $167K | 20x |
| Short | RISEx HYPE/USDC | 92.957 | 0.0598 | get 0.0075% / 1h | 44m 09s | $3.1M | $6.4M | 20x |
Bluefin HYPE-PERP
RISEx HYPE/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $104.52
- Price spread: +0.078% → +0.025%
- $5.31
- Slippage, 4 orders
- −$28.57
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $68.26
- Costs to cover
- 0.416%
- Break-even
- 2.4 days
Slippage from Bluefin: live order book, 10 min ago; RISEx: live order book, 5 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, 10 min ago | 5.54 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell RISEx live order book, 5 min ago | 1.45 bp | 4.5 bp −$4 | 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 | −0.0944% | 1h | 92.689 | −0.210% | $193K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0266% | 1h | 92.851 | −0.036% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.857 | −0.029% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.870 | −0.015% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0062% | 4h | 92.875 | −0.010% | $158K | $667K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.854 | −0.032% | $127K | $29K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 92.955 | +0.076% | $1.8M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.912 | +0.030% | $22K | $301K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.937 | +0.057% | $62K | — | 150x | as long as short |
| Bullet HYPE-USD | +0.0004% | 1h | 92.878 | −0.006% | $112K | $578K | 20x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bullet HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps HYPE-USD.P | +0.0023% | 1h | 92.820 | −0.069% | $698K | $1.1M | 10x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 92.899 | +0.016% | $210K | $1.2M | 10x | as long as short |
| Gate HYPE_USDT | +0.0026% | 4h | 92.919 | +0.038% | $44.8M | $53.9M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 92.913 | +0.031% | $316.3M | $282.7M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0046% | 8h | 92.922 | +0.041% | $12.5M | $2.7M | 50x | as long as short |
| 01 Exchange HYPEUSD | +0.0056% | 1h | 92.936 | +0.056% | $87K | $362K | 20x | as long as short |
| Bitget HYPEUSDT | +0.0074% | 4h | 92.922 | +0.041% | $225.1M | $99.1M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 92.908 | +0.026% | $70K | $1.1M | 50x | as long as short |
| Aster HYPEUSDT | +0.0090% | 4h | 92.916 | +0.034% | $8.7M | $36.1M | 300x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.928 | +0.048% | $16.1M | $62.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.935 | +0.055% | $3.1M | $11.6M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 92.890 | +0.006% | $339K | $163K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0099% | 4h | 92.872 | −0.013% | $4.9M | $29.6M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.910 | +0.028% | $39K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.853 | −0.033% | $7.4M | $45.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.966 | +0.088% | $2.03B | $665.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.895 | +0.012% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.928 | +0.048% | $373.7M | $904.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.924 | +0.043% | $113.9M | $304.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.942 | +0.062% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.919 | +0.038% | $87.3M | $80.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.918 | +0.037% | $46.1M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.924 | +0.043% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.934 | +0.054% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.879 | −0.006% | $28.6M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.944 | +0.065% | $7.5M | $46.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.852 | −0.034% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.859 | −0.027% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.941 | +0.061% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.928 | +0.047% | $468K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERPlong | +0.0100% | 1h | 92.884 | long leg | $79K | $167K | 20x | |
| Derive HYPE-PERP | +0.0100% | 1h | 92.876 | −0.009% | $16.0M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.919 | +0.038% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.914 | +0.032% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.881 | −0.003% | $18.0M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.921 | +0.040% | $393K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 92.950 | +0.071% | $4.7M | $5.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0169% | 4h | 93.057 | +0.186% | $1.4M | $6.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.980 | +0.104% | $20.6M | $30.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 92.740 | −0.155% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0264% | 1h | 92.905 | +0.022% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.914 | +0.033% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.796 | −0.095% | $16.7M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0406% | 1h | 93.004 | +0.129% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDCshort | +0.0598% | 1h | 92.957 | +0.078% | $3.1M | $6.4M | 20x |
Ondo Perps HYPE-USD.P
Phoenix HYPE
Gate HYPE_USDT
Bybit HYPEUSDT
Phemex HYPEUSDT
01 Exchange HYPEUSD
Bitget HYPEUSDT
Popdex HYPEUSDT
Aster HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL