Funding you earn now, next payment 23:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h +0.002%
Price spread now: Bybit against Derive−0.036%47s7-day average +0.005% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.036%, 7d avg +0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.040% cheaper against Derive than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.005%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 93.034 | 0.0031 | pay 0.0004% / 1h | 32m 31s | $16.2M | $7.1M | 10x |
| Short | Bybit HYPEUSDT | 93.001 | 0.0025 | get 0.0025% / 8h | 1h 32m | $322.9M | $287.1M | 75x |
Derive HYPE-PERP
Bybit HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Derive. 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
- −$1.23
- Price spread: −0.036% → +0.005%
- −$4.02
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$22.25
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 0.54 bp | 7.1 bp −$7 | 9.3 bp −$93 | 20.5 bp −$2,045 | 45.9 bp −$23.0K |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0380% | 1h | 93.133 | +0.106% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0224% | 1h | 93.046 | +0.013% | $196K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.029 | −0.006% | $1.2M | $4.0M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0119% | 1h | 93.010 | −0.026% | $698K | $924K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.084 | +0.054% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.051 | +0.018% | $90K | $362K | 20x | as long as short |
| Popdex HYPEUSDT | −0.0016% | 1h | 93.043 | +0.009% | $57K | $1.2M | 50x | as long as short |
| Aster HYPEUSDT | 0.0000% | 4h | 93.080 | +0.049% | $8.8M | $36.0M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.124 | +0.096% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.070 | +0.038% | $23K | $331K | 10x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Popdex HYPEUSDT
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.102 | +0.073% | $20K | — | 150x | as long as short |
| Bullet HYPE-USD | +0.0025% | 1h | 93.057 | +0.024% | $111K | $579K | 20x | as long as short |
| Bybit HYPEUSDTshort | +0.0025% | 8h | 93.001 | −0.036% | $322.9M | $287.1M | 75x | |
| Orderly PERP_HYPE_USDC | +0.0028% | 4h | 93.072 | +0.041% | $172K | $519K | 20x | as long as short |
| Derive HYPE-PERPlong | +0.0031% | 1h | 93.034 | long leg | $16.2M | $7.1M | 10x | |
| Phoenix HYPE | +0.0034% | 1h | 93.106 | +0.077% | $214K | $1.2M | 10x | as long as short |
| Gate HYPE_USDT | +0.0042% | 4h | 93.067 | +0.035% | $43.9M | $58.1M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0076% | 4h | 93.082 | +0.051% | $90.1M | $81.8M | 100x | as long as short |
| Binance HYPEUSDT | +0.0077% | 4h | 93.045 | +0.011% | $382.3M | $894.1M | 75x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.134 | +0.107% | $18.5M | $58.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.111 | +0.083% | $3.1M | $12.1M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0098% | 8h | 93.095 | +0.065% | $338K | $170K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0099% | 4h | 93.079 | +0.048% | $5.1M | $29.6M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.110 | +0.081% | $34K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.041 | +0.008% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.103 | +0.074% | $2.02B | $670.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.105 | +0.076% | $10.0M | $14.3M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.000 | −0.037% | $113.8M | $313.5M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.390 | +0.382% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.094 | +0.064% | $47.0M | $18.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.033 | −0.001% | $225.5M | $103.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.071 | +0.040% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.091 | +0.061% | $7.8M | $11.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.034 | 0.000% | $29.0M | $50.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.144 | +0.118% | $7.5M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.135 | +0.108% | $412K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.099 | +0.070% | $673K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.070 | +0.039% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.075 | +0.044% | $492K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.079 | +0.048% | $75K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.089 | +0.059% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.083 | +0.052% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.073 | +0.042% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.039 | +0.005% | $18.2M | $42.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.084 | +0.053% | $396K | $318K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0107% | 8h | 93.224 | +0.204% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.180 | +0.157% | $4.9M | $5.7M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.070 | +0.038% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.004 | −0.032% | $77K | $158K | 15x | as long as short |
| HTX HYPE-USDT | +0.0249% | 4h | 93.228 | +0.208% | $1.5M | $7.7M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.127 | +0.100% | $2.8M | $6.8M | 20x | as long as short |
| BloFin HYPE-USDT | +0.0308% | 4h | 93.074 | +0.043% | $16.9M | $12.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0158% | 1h | 93.095 | +0.065% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0384% | 1h | 93.180 | +0.157% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0466% | 1h | 93.194 | +0.172% | $20.8M | $28.9M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
Phoenix HYPE
Gate HYPE_USDT
MEXC HYPE_USDT
Binance HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
HTX HYPE-USDT
RISEx HYPE/USDC
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD