Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.035%
Price spread now: Hyperliquid against Extended+0.128%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$160.162% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 7 days−0.140%−$14 · spread now +0.128%, 7d avg +0.040%
=Together, before fees−0.090%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.087% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended HYPE-USD | 93.997 | 0.0104 | pay 0.0013% / 1h | 18m 43s | $18.2M | $43.2M | 50x |
| Short | Hyperliquid HYPE | 94.117 | 0.0100 | get 0.0013% / 1h | 18m 43s | $2.06B | $672.3M | 10x |
Extended HYPE-USD
Hyperliquid HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- −$0.84
- Price spread: +0.128% → +0.040%
- $8.74
- Slippage, 4 orders
- −$2.21
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$8.31
- Costs to cover
- 0.162%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Hyperliquid: live order book, 5 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 Extended live order book, 5 min ago | 0.05 bp | 3.2 bp −$3 | 6.9 bp −$69 | 26.3 bp −$2,627 | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.11 bp | 4.8 bp −$5 | 6.6 bp −$66 | 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 | −0.1376% | 1h | 93.862 | −0.144% | $199K | $239K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0422% | 1h | 93.521 | −0.507% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.906 | −0.097% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0041% | 1h | 93.921 | −0.081% | $112K | $580K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0018% | 4h | 93.905 | −0.098% | $146K | $672K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.915 | −0.088% | $129K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 93.948 | −0.052% | $88K | $365K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.951 | −0.049% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.956 | −0.044% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.888 | −0.116% | $1.0M | $3.9M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
01 Exchange HYPEUSD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDT | +0.0014% | 4h | 94.039 | +0.045% | $227.0M | $99.0M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0020% | 8h | 94.020 | +0.024% | $319.0M | $283.4M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.624 | −0.397% | $208K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0031% | 8h | 93.952 | −0.048% | $12.8M | $2.8M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0047% | 1h | 93.870 | −0.135% | $704K | $1.2M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0094% | 4h | 93.626 | −0.395% | $5.0M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 93.987 | −0.011% | $342K | $157K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.052 | +0.058% | $16.3M | $63.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.050 | +0.056% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.930 | −0.071% | $73K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.750 | −0.263% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.910 | −0.092% | $7.8M | $48.5M | 10x | as long as short |
| Hyperliquid HYPEshort | +0.0100% | 1h | 94.117 | +0.128% | $2.06B | $672.3M | 10x | |
| Aster HYPEUSDT | +0.0100% | 4h | 94.027 | +0.032% | $8.8M | $36.5M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.970 | −0.029% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.030 | +0.035% | $377.1M | $917.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.052 | +0.058% | $116.0M | $314.3M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.358 | −0.680% | $216K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.031 | +0.036% | $47.4M | $54.6M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.010 | +0.014% | $90.6M | $81.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.048 | +0.054% | $46.5M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.022 | +0.027% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.021 | +0.025% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.699 | −0.318% | $28.6M | $56.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.275 | −0.768% | $7.5M | $47.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.227 | −0.819% | $342K | $997K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.924 | −0.078% | $672K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.976 | −0.023% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.953 | −0.047% | $482K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.959 | −0.040% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.933 | −0.068% | $16.2M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.003 | +0.006% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.944 | −0.056% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.100 | +0.110% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USDlong | +0.0104% | 1h | 93.997 | long leg | $18.2M | $43.2M | 50x | |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.948 | −0.053% | $397K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0119% | 8h | 93.986 | −0.012% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 94.080 | +0.088% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.950 | −0.050% | $4.6M | $5.8M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0270% | 1h | 93.934 | −0.067% | $80K | $127K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0293% | 1h | 94.028 | +0.033% | $7.5M | $4.1M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 93.946 | −0.054% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0339% | 1h | 94.012 | +0.016% | $21.0M | $29.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.930 | −0.071% | $16.9M | $12.0M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.956 | −0.044% | $3.2M | $6.3M | 20x | as long as short |
Bitget HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC