Funding you earn now, next payment 07:00 UTC+0.0235%/8h= +25.7% APRpaid last 24h +0.046%
Price spread now: Deribit against edgeX−0.036%75s7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$230.228% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.036%, 7d avg +0.050%
=Together, before fees+0.097%+ Points / potential airdropedgeX: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.086% cheaper against edgeX than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.050%). If the spread goes back, that is −$9 on $10k: about 29 hours of funding at the current rate (+$7 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.3% a year). A funding rate is set anew for every payment. 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 | edgeX HYPEUSDC | 93.922 | 0.0080 | pay 0.0040% / 4h | 1h 56m | $5.0M | $30.4M | 30x |
| Short | Deribit HYPE_USDC-PERPETUAL | 93.888 | 0.0315 | get 0.0039% / 1h | 56m 08s | $7.4M | $4.2M | 50x |
edgeX HYPEUSDC
Deribit HYPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against edgeX. 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
- $49.3
- Price spread: −0.036% → +0.050%
- −$8.6
- Slippage, 4 orders
- −$6.79
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $17.91
- Costs to cover
- 0.228%
- Break-even
- 4.5 days
Slippage from edgeX: live order book, 3 min ago; Deribit: live order book, 3 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 edgeX live order book, 3 min ago | 0.32 bp | 4.8 bp −$5 | 5.0 bp −$50 | 108.6 bp −$10.9K | doesn't fit |
| Sell Deribit live order book, 3 min ago | 0.43 bp | 8.3 bp −$8 | 13.9 bp −$139 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1224% | 1h | 93.798 | −0.132% | $199K | $243K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0272% | 1h | 94.032 | +0.117% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.992 | +0.075% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.798 | −0.132% | $86K | $372K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0017% | 4h | 93.765 | −0.167% | $149K | $680K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0010% | 1h | 93.770 | −0.162% | $707K | $1.2M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.813 | −0.116% | $129K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.831 | −0.097% | $22K | $285K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.823 | −0.106% | $63K | — | 150x | as long as short |
| Bluefin HYPE-PERP | +0.0003% | 1h | 93.785 | −0.146% | $79K | $166K | 20x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bluefin HYPE-PERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX HYPE-USDT | +0.0012% | 4h | 93.797 | −0.133% | — | $53.8M | — | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.779 | −0.152% | $316.9M | $287.3M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.872 | −0.053% | $209K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 93.789 | −0.142% | $226.0M | $99.4M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0060% | 8h | 93.818 | −0.111% | $12.8M | $2.8M | 50x | as long as short |
| edgeX HYPEUSDClong | +0.0080% | 4h | 93.922 | long leg | $5.0M | $30.4M | 30x | |
| Arcus HYPE-USD | +0.0084% | 1h | 93.799 | −0.131% | $1.0M | $4.0M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0091% | 8h | 93.845 | −0.082% | $341K | $158K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.799 | −0.131% | $16.2M | $63.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.798 | −0.132% | $3.1M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.791 | −0.139% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.770 | −0.162% | $20K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.794 | −0.136% | $6.3M | $50.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.885 | −0.039% | $2.05B | $683.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.795 | −0.135% | $8.9M | $37.3M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.832 | −0.096% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.789 | −0.141% | $377.0M | $928.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.795 | −0.135% | $115.8M | $316.7M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.213 | +0.310% | $217K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.783 | −0.148% | $48.3M | $54.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.785 | −0.146% | $87.9M | $82.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.790 | −0.141% | $46.3M | $18.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.817 | −0.112% | $7.2M | $10.8M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.028 | +0.112% | $28.8M | $56.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.099 | +0.188% | $7.7M | $48.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.152 | +0.245% | $344K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.875 | −0.050% | $680K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.871 | −0.054% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.818 | −0.111% | $476K | $2.8M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.804 | −0.126% | $112K | $581K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.774 | −0.157% | $16.4M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.893 | −0.031% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.779 | −0.152% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.965 | +0.046% | $1.4M | $6.6M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.764 | −0.168% | $18.3M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.797 | −0.133% | $396K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0110% | 8h | 93.901 | −0.022% | $1.8M | $5.6M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.870 | −0.055% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.760 | −0.172% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0270% | 1h | 93.794 | −0.137% | $77K | $130K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUALshort | +0.0315% | 1h | 93.888 | −0.036% | $7.4M | $4.2M | 50x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 93.819 | −0.110% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.808 | −0.121% | $17.1M | $12.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0414% | 1h | 93.865 | −0.061% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.840 | −0.088% | $3.2M | $6.4M | 20x | as long as short |
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Bitget HYPEUSDT
Phemex HYPEUSDT
Arcus HYPE-USD
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bullet HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC