Funding you earn now, next payment 03:00 UTC−0.0290%/8h= −31.8% APRnext payment −$0.36 per $10,000 · paid last 24h −0.023%
Price spread now: Extended against Deribit−0.006%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$190.187% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.195%+$20 · spread now −0.006%, 7d avg −0.085%
=Together, before fees+0.249%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.079% dearer against Deribit than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.085%): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 22 hours. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.053% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HYPE_USDC-PERPETUAL | 93.217 | 0.0394 | pay 0.0049% / 1h | 11m 45s | $7.4M | $4.4M | 50x |
| Short | Extended HYPE-USD | 93.212 | 0.0104 | get 0.0013% / 1h | 11m 45s | $18.3M | $42.9M | 50x |
Deribit HYPE_USDC-PERPETUAL
Extended HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Deribit. 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
- −$60.9
- Price spread: −0.006% → −0.085%
- $7.91
- Slippage, 4 orders
- −$6.65
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$71.64
- Costs to cover
- 0.187%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 2 min ago; Extended: live order book, 2 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 Deribit live order book, 2 min ago | 0.48 bp | 8.1 bp −$8 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 0.05 bp | 2.7 bp −$3 | 4.5 bp −$45 | 24.8 bp −$2,483 | 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 | −0.1000% | 1h | 93.101 | −0.125% | $197K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 92.998 | −0.235% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0134% | 1h | 93.040 | −0.190% | $699K | $1.0M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.088 | −0.138% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.114 | −0.110% | $85K | $345K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0050% | 1h | 93.224 | +0.008% | $22K | $21K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0049% | 4h | 93.120 | −0.104% | $155K | $654K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.241 | +0.026% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.132 | −0.091% | $23K | $319K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.151 | −0.070% | $62K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet HYPE-USD | +0.0012% | 1h | 93.095 | −0.131% | $111K | $579K | 20x | as long as short |
| Phemex HYPEUSDT | +0.0015% | 8h | 93.131 | −0.092% | $12.6M | $2.7M | 50x | as long as short |
| Aster HYPEUSDT | +0.0018% | 4h | 93.225 | +0.009% | $8.8M | $35.9M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.156 | −0.065% | $212K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0036% | 4h | 93.234 | +0.018% | — | $52.9M | — | as long as short |
| Gate HYPE_USDT | +0.0044% | 4h | 93.223 | +0.006% | $44.6M | $55.5M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0047% | 8h | 93.227 | +0.011% | $320.7M | $277.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 93.230 | +0.014% | $113.7M | $299.5M | 50x | as long as short |
| Derive HYPE-PERP | +0.0094% | 1h | 93.100 | −0.125% | $16.1M | $7.5M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.243 | +0.028% | $16.2M | $62.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.248 | +0.033% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.101 | −0.124% | $70K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.159 | −0.062% | $339K | $162K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0098% | 4h | 93.230 | +0.014% | $89.5M | $81.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0098% | 4h | 93.237 | +0.021% | $377.0M | $880.7M | 75x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.120 | −0.104% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.095 | −0.131% | $5.8M | $43.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.287 | +0.075% | $2.03B | $657.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.134 | −0.089% | $10.0M | $14.8M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.235 | +0.019% | $45.8M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.234 | +0.018% | $225.5M | $96.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.115 | −0.109% | $7.3M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.377 | +0.171% | $31.1M | $53.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.364 | +0.157% | $7.5M | $45.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.292 | +0.080% | $339K | $998K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.148 | −0.074% | $665K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.139 | −0.083% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.139 | −0.084% | $481K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.107 | −0.118% | $79K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.158 | −0.063% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.125 | −0.099% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.155 | −0.067% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USDshort | +0.0104% | 1h | 93.212 | −0.006% | $18.3M | $42.9M | 50x | |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.121 | −0.103% | $396K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0117% | 4h | 93.295 | +0.084% | $5.0M | $29.1M | 30x | as long as short |
| HTX HYPE-USDT | +0.0138% | 4h | 93.247 | +0.032% | $1.4M | $6.0M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.150 | −0.072% | $4.8M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0259% | 1h | 93.092 | −0.134% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0269% | 8h | 93.154 | −0.068% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0156% | 1h | 93.137 | −0.085% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0339% | 4h | 93.088 | −0.138% | $17.0M | $11.5M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUALlong | +0.0394% | 1h | 93.217 | long leg | $7.4M | $4.4M | 50x | |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.194 | −0.025% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.730 | +0.550% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0687% | 1h | 93.182 | −0.038% | $20.7M | $29.8M | 50x | as long as short |
Bullet HYPE-USD
Phemex HYPEUSDT
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Gate HYPE_USDT
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
MEXC HYPE_USDT
Binance HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
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
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD