Funding you earn now, next payment 03:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.014%
Price spread now: StandX against Derive+0.068%7-day average +0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)+0.327%+$33 · spread now +0.068%, 7d avg +0.031%
=Together, before fees+0.356%+ Points / potential airdropStandX: Active · farm board+$36 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and StandX is 0.037% dearer against Derive than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 93.202 | 0.0086 | pay 0.0011% / 1h | 10m 19s | $16.2M | $7.5M | 10x |
| Short | StandX HYPE-USD | 93.265 | 0.0100 | get 0.0013% / 1h | 10m 19s | $666K | $2.7M | 20x |
Derive HYPE-PERP
StandX HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- $2.86
- Price spread: +0.068% → +0.031%
- $3.67
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$7.48
- Costs to cover
- 0.140%
- Break-even
- 25.3 days
Slippage unknown: Derive: no order-book sample; StandX: 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 StandX live order book, 4 min ago | 1.29 bp | 5.4 bp −$5 | 5.6 bp −$56 | 13.3 bp −$1,334 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.0984% | 1h | 93.267 | +0.070% | $197K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.182 | −0.021% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0129% | 1h | 93.170 | −0.034% | $698K | $1.0M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.300 | +0.105% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0074% | 1h | 93.238 | +0.039% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.309 | +0.115% | $85K | $345K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0048% | 4h | 93.217 | +0.016% | $155K | $654K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0003% | 8h | 93.277 | +0.081% | $12.6M | $2.7M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.319 | +0.125% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.259 | +0.061% | $23K | $319K | 10x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Phemex 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 −0.0002% | 1h | 93.252 | +0.053% | $63K | — | 150x | as long as short |
| Bullet HYPE-USD | +0.0005% | 1h | 93.217 | +0.016% | $111K | $579K | 20x | as long as short |
| Aster HYPEUSDT | +0.0024% | 4h | 93.297 | +0.102% | $8.8M | $35.9M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.156 | −0.049% | $212K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0036% | 4h | 93.234 | +0.034% | — | $53.0M | — | as long as short |
| Gate HYPE_USDT | +0.0046% | 4h | 93.238 | +0.039% | $44.6M | $55.5M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0047% | 8h | 93.223 | +0.023% | $320.7M | $276.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0074% | 8h | 93.218 | +0.017% | $113.8M | $299.3M | 50x | as long as short |
| Derive HYPE-PERPlong | +0.0086% | 1h | 93.202 | long leg | $16.2M | $7.5M | 10x | |
| Lighter HYPE | +0.0096% | 1h | 93.316 | +0.122% | $16.2M | $62.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.311 | +0.117% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.290 | +0.094% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.336 | +0.144% | $340K | $162K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0098% | 4h | 93.241 | +0.042% | $89.5M | $81.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.255 | +0.057% | $377.1M | $880.3M | 75x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.230 | +0.030% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.290 | +0.094% | $5.8M | $43.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.332 | +0.140% | $2.03B | $657.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.337 | +0.145% | $10.0M | $14.8M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.307 | +0.113% | $45.9M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.229 | +0.029% | $225.5M | $96.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.280 | +0.084% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.197 | −0.005% | $31.4M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.122 | −0.086% | $7.5M | $46.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.125 | −0.083% | $338K | $998K | 50x | as long as short |
| StandX HYPE-USDshort | +0.0100% | 1h | 93.265 | +0.068% | $666K | $2.7M | 20x | |
| Vest HYPE-PERP | +0.0100% | 1h | 93.325 | +0.132% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.299 | +0.104% | $473K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.197 | −0.005% | $79K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.323 | +0.130% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.238 | +0.039% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.155 | −0.051% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.191 | −0.011% | $18.3M | $42.9M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.233 | +0.034% | $397K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0112% | 4h | 93.083 | −0.128% | $5.0M | $28.9M | 30x | as long as short |
| HTX HYPE-USDT | +0.0137% | 4h | 93.400 | +0.213% | $1.4M | $6.0M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.300 | +0.105% | $4.8M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0259% | 1h | 93.213 | +0.012% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0268% | 8h | 93.317 | +0.123% | $1.9M | $5.2M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0308% | 1h | 93.304 | +0.110% | $7.4M | $4.3M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.251 | +0.053% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0338% | 4h | 93.247 | +0.048% | $17.0M | $11.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.387 | +0.199% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.160 | −0.045% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0686% | 1h | 93.312 | +0.118% | $20.7M | $29.8M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Bullet HYPE-USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Gate HYPE_USDT
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
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
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD