Funding you earn now, next payment 23:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.008%
Price spread now: MEXC against Derive+0.112%7-day average +0.037% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.112%, 7d avg +0.037%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.075% dearer against Derive than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 93.170 | 0.0047 | pay 0.0006% / 1h | 14m 49s | $16.3M | $7.0M | 10x |
| Short | MEXC HYPE_USDT | 93.274 | 0.0064 | get 0.0032% / 4h | 1h 14m | $90.2M | $82.3M | 100x |
Derive HYPE-PERP
MEXC HYPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $3.56
- Price spread: +0.112% → +0.037%
- $7.5
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $1.06
- Costs to cover
- 0.100%
- Break-even
- 4.9 days
Slippage unknown: Derive: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago | 0.05 bp | 2.1 bp −$2 | 6.0 bp −$60 | 13.1 bp −$1,310 | 39.3 bp −$19.7K |
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 | −0.0438% | 1h | 93.188 | +0.020% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0344% | 1h | 93.258 | +0.095% | $197K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.148 | −0.023% | $1.2M | $4.0M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0126% | 1h | 93.170 | 0.000% | $699K | $931K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.195 | +0.027% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 93.247 | +0.083% | $90K | $361K | 20x | as long as short |
| Aster HYPEUSDT | 0.0000% | 4h | 93.272 | +0.110% | $8.9M | $35.9M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.278 | +0.116% | $127K | $32K | 5x | as long as short |
| Popdex HYPEUSDT | 0.0000% | 1h | 93.212 | +0.045% | $58K | $1.2M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.201 | +0.033% | $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
Aster HYPEUSDT
dYdX HYPE-USD
Popdex HYPEUSDT
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 −0.0002% | 1h | 93.242 | +0.078% | $27K | — | 150x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0020% | 4h | 93.218 | +0.052% | $172K | $517K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0023% | 8h | 93.280 | +0.118% | $323.2M | $286.2M | 75x | as long as short |
| Bullet HYPE-USD | +0.0033% | 1h | 93.210 | +0.043% | $112K | $579K | 20x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.249 | +0.085% | $214K | $1.2M | 10x | as long as short |
| Derive HYPE-PERPlong | +0.0047% | 1h | 93.170 | long leg | $16.3M | $7.0M | 10x | |
| Gate HYPE_USDT | +0.0064% | 4h | 93.265 | +0.102% | $44.0M | $58.6M | 75x | as long as short |
| MEXC HYPE_USDTshort | +0.0064% | 4h | 93.274 | +0.112% | $90.2M | $82.3M | 100x | |
| Binance HYPEUSDT | +0.0065% | 4h | 93.269 | +0.107% | $381.8M | $894.1M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.171 | +0.002% | $5.1M | $29.7M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.299 | +0.139% | $18.6M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.282 | +0.121% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.217 | +0.051% | $397K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.209 | +0.043% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.210 | +0.043% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.209 | +0.043% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.295 | +0.134% | $2.03B | $669.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.233 | +0.068% | $10.0M | $14.4M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.277 | +0.115% | $114.2M | $314.0M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.232 | +0.067% | $204K | $8K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.269 | +0.107% | $47.0M | $18.7M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.263 | +0.100% | $226.2M | $103.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.271 | +0.109% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.265 | +0.102% | $7.8M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.203 | +0.036% | $29.0M | $50.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.199 | +0.031% | $7.5M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.153 | −0.018% | $414K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.239 | +0.074% | $674K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.247 | +0.083% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.238 | +0.073% | $493K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.204 | +0.037% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.249 | +0.085% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.243 | +0.079% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.215 | +0.049% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.232 | +0.067% | $18.2M | $41.8M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0117% | 8h | 93.294 | +0.133% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.310 | +0.151% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0232% | 4h | 93.405 | +0.253% | $1.5M | $7.7M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.140 | −0.032% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.204 | +0.037% | $77K | $159K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0260% | 4h | 93.211 | +0.044% | $16.8M | $12.4M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.271 | +0.109% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.237 | +0.072% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0340% | 1h | 93.326 | +0.168% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.364 | +0.209% | $20.9M | $29.0M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Bullet HYPE-USD
Phoenix HYPE
Gate HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
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
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD