Funding you earn now, next payment 04:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.003%
Price spread now: Paradex against Bulk+0.119%7-day average −0.023% · 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−$25as in the Price arb table
costs, in and out, $10k−$390.392% of the position
Funding, last 4 days (all we have)+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.119%, 7d avg −0.023%
=Together, before fees−0.053%+ Points / potential airdropParadex: Active · farm board−$5 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: Paradex is 0.141% dearer against Bulk than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk HYPE-USD | 92.701 | 0.0100 | pay 0.0013% / 1h | 20m 08s | $202K | $13K | 10x |
| Short | Paradex HYPE-USD-PERP | 92.811 | 0.0094 | get 0.0094% / 8h | 4h 20m | $339K | $163K | 20x |
Bulk HYPE-USD
Paradex HYPE-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Bulk. 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
- −$1.36
- Price spread: +0.119% → −0.023%
- $14.13
- Slippage, 4 orders
- −$28.22
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$26.46
- Costs to cover
- 0.392%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 39 min ago; Paradex: live order book, 39 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 Bulk live order book, 39 min ago | 1.08 bp | 4.6 bp −$5 | 6.5 bp −$65 | 15.2 bp −$1,521 | 44.9 bp −$22.4K |
| Sell Paradex live order book, 39 min ago | 12.88 bp | 14.9 bp −$15 | 18.7 bp −$187 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.714 | +0.014% | $1.1M | $3.9M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0240% | 1h | 92.701 | 0.000% | $194K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0234% | 1h | 92.688 | −0.014% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.779 | +0.084% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0063% | 4h | 92.738 | +0.040% | $157K | $666K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 92.797 | +0.103% | $86K | $361K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.770 | +0.075% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.763 | +0.067% | $22K | $304K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.782 | +0.087% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0018% | 8h | 92.717 | +0.017% | $12.5M | $2.7M | 50x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phemex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet HYPE-USD | +0.0031% | 1h | 92.761 | +0.064% | $111K | $579K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0038% | 1h | 92.690 | −0.012% | $697K | $1.1M | 10x | as long as short |
| BingX HYPE-USDT | +0.0040% | 4h | 92.759 | +0.062% | — | $53.4M | — | as long as short |
| Aster HYPEUSDT | +0.0042% | 4h | 92.765 | +0.069% | $8.7M | $36.2M | 300x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.652 | −0.053% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0049% | 8h | 92.750 | +0.053% | $316.7M | $281.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0088% | 8h | 92.757 | +0.060% | $113.7M | $304.1M | 50x | as long as short |
| Gate HYPE_USDT | +0.0090% | 4h | 92.747 | +0.049% | $44.5M | $55.3M | 75x | as long as short |
| Paradex HYPE-USD-PERPshort | +0.0094% | 8h | 92.811 | +0.119% | $339K | $163K | 20x | |
| Lighter HYPE | +0.0096% | 1h | 92.787 | +0.092% | $16.0M | $62.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.785 | +0.090% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.762 | +0.066% | $69K | $1.1M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.740 | +0.042% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.788 | +0.094% | $7.1M | $45.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.791 | +0.097% | $2.02B | $663.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.825 | +0.133% | $10.0M | $15.1M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.769 | +0.073% | $372.6M | $904.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.775 | +0.080% | $87.6M | $80.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.779 | +0.084% | $46.0M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.735 | +0.036% | $224.5M | $98.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.769 | +0.073% | $7.3M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.688 | −0.014% | $28.6M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.707 | +0.007% | $7.5M | $46.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.679 | −0.024% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.729 | +0.030% | $665K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.800 | +0.107% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.781 | +0.086% | $466K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.741 | +0.043% | $79K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.752 | +0.055% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.776 | +0.081% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.768 | +0.072% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.902 | +0.217% | $1.4M | $6.2M | 75x | as long as short |
| Bulk HYPE-USDlong | +0.0100% | 1h | 92.701 | long leg | $202K | $13K | 10x | |
| Extended HYPE-USD | +0.0104% | 1h | 92.744 | +0.046% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.768 | +0.072% | $392K | $164K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0116% | 4h | 92.666 | −0.038% | $5.0M | $29.5M | 30x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 93.000 | +0.322% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.810 | +0.117% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0240% | 8h | 92.830 | +0.139% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0262% | 1h | 92.740 | +0.041% | $79K | $132K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.774 | +0.078% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0332% | 1h | 92.835 | +0.144% | $20.6M | $30.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.771 | +0.075% | $16.7M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0461% | 1h | 92.866 | +0.178% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.852 | +0.163% | $3.2M | $6.4M | 20x | as long as short |
Bullet HYPE-USD
Ondo Perps HYPE-USD.P
BingX HYPE-USDT
Aster HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC