Funding you earn now, next payment 23:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.011%
Price spread now: Derive against edgeX−0.025%74s7-day average −0.028% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 3 days (all we have)−0.029%−$3 · spread now −0.025%, 7d avg −0.028%
=Together, before fees−0.055%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 74 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 | edgeX HYPEUSDC | 92.948 | 0.0086 | pay 0.0043% / 4h | 1h 25m | $5.0M | $29.6M | 30x |
| Short | Derive HYPE-PERP | 92.925 | 0.0033 | get 0.0004% / 1h | 25m 59s | $16.2M | $7.1M | 10x |
edgeX HYPEUSDC
Derive HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- −$11.13
- Price spread: −0.025% → −0.028%
- $0.27
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$25.86
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 3 min ago; Derive: no order-book sample. 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 edgeX live order book, 3 min ago | 0.64 bp | 5.1 bp −$5 | 5.3 bp −$53 | 143.7 bp −$14.4K | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | −0.0396% | 1h | 93.007 | +0.063% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0280% | 1h | 92.983 | +0.038% | $196K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 92.885 | −0.068% | $1.2M | $4.0M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0126% | 1h | 93.030 | +0.088% | $698K | $927K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.980 | +0.034% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 92.968 | +0.021% | $90K | $362K | 20x | as long as short |
| Popdex HYPEUSDT | −0.0016% | 1h | 92.954 | +0.006% | $58K | $1.2M | 50x | as long as short |
| Aster HYPEUSDT | −0.0006% | 4h | 92.948 | 0.000% | $8.8M | $36.0M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.019 | +0.077% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.963 | +0.015% | $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 | 92.993 | +0.048% | $20K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0024% | 8h | 92.930 | −0.019% | $322.3M | $287.2M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0024% | 4h | 92.961 | +0.014% | $171K | $518K | 20x | as long as short |
| Derive HYPE-PERPshort | +0.0033% | 1h | 92.925 | −0.025% | $16.2M | $7.1M | 10x | |
| Phoenix HYPE | +0.0034% | 1h | 93.033 | +0.091% | $213K | $1.2M | 10x | as long as short |
| Gate HYPE_USDT | +0.0046% | 4h | 92.957 | +0.010% | $43.8M | $58.5M | 75x | as long as short |
| Bullet HYPE-USD | +0.0058% | 1h | 92.945 | −0.003% | $111K | $580K | 20x | as long as short |
| Binance HYPEUSDT | +0.0066% | 4h | 92.949 | 0.000% | $381.3M | $895.3M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0068% | 4h | 92.938 | −0.011% | $90.0M | $82.0M | 100x | as long as short |
| edgeX HYPEUSDClong | +0.0086% | 4h | 92.948 | long leg | $5.0M | $29.6M | 30x | |
| Lighter HYPE | +0.0096% | 1h | 92.993 | +0.048% | $18.5M | $58.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.970 | +0.024% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 92.952 | +0.005% | $395K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0098% | 8h | 92.942 | −0.007% | $338K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 92.970 | +0.024% | $34K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.957 | +0.009% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.005 | +0.061% | $2.02B | $673.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.963 | +0.016% | $9.9M | $14.3M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.929 | −0.021% | $113.5M | $313.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.030 | +0.088% | $203K | $8K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.958 | +0.011% | $46.9M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.952 | +0.004% | $225.2M | $103.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.934 | −0.015% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.969 | +0.022% | $7.8M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.003 | +0.059% | $28.9M | $50.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.985 | +0.040% | $7.5M | $45.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.976 | +0.030% | $414K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.004 | +0.060% | $673K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.005 | +0.061% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.988 | +0.043% | $492K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.596 | +0.697% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.952 | +0.004% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.935 | −0.014% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 92.962 | +0.015% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.908 | −0.043% | $18.2M | $42.1M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0110% | 8h | 93.037 | +0.096% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.010 | +0.067% | $4.9M | $5.7M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.230 | +0.303% | $30K | $338K | 12x | as long as short |
| HTX HYPE-USDT | +0.0241% | 4h | 93.150 | +0.217% | $1.5M | $7.7M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 92.942 | −0.006% | $77K | $158K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0273% | 4h | 93.022 | +0.079% | $16.9M | $12.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 92.993 | +0.049% | $2.8M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0158% | 1h | 92.988 | +0.043% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0438% | 1h | 93.054 | +0.114% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0467% | 1h | 93.043 | +0.102% | $20.8M | $29.0M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
Gate HYPE_USDT
Bullet HYPE-USD
Binance HYPEUSDT
MEXC HYPE_USDT
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
Injective HYPE/USDC PERP
HTX HYPE-USDT
Reya HYPERUSDPERP
BloFin HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD