Funding you earn now, next payment 03:00 UTC−0.0901%/8h= −98.6% APRnext payment −$1.13 per $10,000 · paid last 24h −0.044%
Price spread now: Arcus against gTrade (Gains Network)−0.212%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Arcus is 0.212% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) HYPE/USD | 93.226 | L +0.0002% / S −0.0003% | pay 0.0000% / 1h | 53m 22s | $25K | — | 150x |
| Short | Arcus HYPE-USD | 93.028 | −0.0899 | pay 0.0112% / 1h | 53m 22s | $1.2M | $3.8M | 10x |
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against gTrade (Gains Network). 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
- −$189.18
- Price spread: −0.212% → 0.000%
- −$21.24
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$224.92
- Costs to cover
- 0.145%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Arcus: live order book, 1 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 1 min ago | 0.32 bp | 2.6 bp −$3 | 3.5 bp −$35 | 198.8 bp −$19.9K | doesn't fit |
gTrade (Gains Network): 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 54 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 | −0.1144% | 1h | 93.036 | −0.204% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USDshort | −0.0899% | 1h | 93.028 | −0.212% | $1.2M | $3.8M | 10x | |
| Bluefin HYPE-PERP | −0.0253% | 1h | 93.228 | +0.002% | $79K | $170K | 20x | as long as short |
| ApeX Omni HYPEUSDT | −0.0172% | 1h | 93.008 | −0.234% | $336K | $1.0M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.079 | −0.158% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 93.194 | −0.034% | $85K | $346K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0050% | 4h | 93.203 | −0.025% | $156K | $639K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0031% | 1h | 93.000 | −0.242% | $696K | $906K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0014% | 8h | 93.165 | −0.065% | $12.6M | $2.7M | 50x | as long as short |
| Aster HYPEUSDT | −0.0004% | 4h | 93.172 | −0.058% | $8.8M | $35.3M | 300x | as long as short |
Hibachi HYPE/USDT-P
Bluefin HYPE-PERP
ApeX Omni HYPEUSDT
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Ondo Perps HYPE-USD.P
Phemex HYPEUSDT
Aster HYPEUSDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX HYPE-USD | 0.0000% | 1h | 93.147 | −0.085% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.192 | −0.037% | $22K | $321K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USDlong | L +0.0002% / S −0.0003% | 1h | 93.226 | long leg | $25K | — | 150x | |
| Aftermath Perps HYPEUSD | +0.0006% | 1h | 93.183 | −0.046% | $22K | $21K | 10x | as long as short |
| BingX HYPE-USDT | +0.0008% | 4h | 93.206 | −0.021% | — | $53.1M | — | as long as short |
| Bybit HYPEUSDT | +0.0016% | 8h | 93.240 | +0.015% | $321.0M | $275.1M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.056 | −0.182% | $210K | $1.2M | 10x | as long as short |
| Gate HYPE_USDT | +0.0028% | 4h | 93.224 | −0.002% | $44.5M | $54.2M | 75x | as long as short |
| Bullet HYPE-USD | +0.0071% | 1h | 93.225 | −0.001% | $111K | $577K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.249 | +0.025% | $114.4M | $300.7M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0078% | 4h | 93.184 | −0.045% | $87.6M | $79.9M | 100x | as long as short |
| Binance HYPEUSDT | +0.0080% | 4h | 93.215 | −0.012% | $378.6M | $872.0M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0081% | 4h | 93.009 | −0.233% | $5.0M | $29.8M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.134 | −0.098% | $16.3M | $61.3M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.134 | −0.099% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.168 | −0.062% | $68K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.175 | −0.054% | $338K | $162K | 20x | as long as short |
| Derive HYPE-PERP | +0.0099% | 1h | 93.221 | −0.005% | $16.2M | $7.6M | 10x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.130 | −0.103% | $38K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.128 | −0.105% | $5.7M | $43.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.253 | +0.029% | $2.04B | $652.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.151 | −0.080% | $10.0M | $14.6M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.172 | −0.058% | $46.0M | $18.0M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.245 | +0.020% | $225.6M | $96.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.112 | −0.122% | $7.3M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.170 | −0.060% | $31.0M | $54.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.978 | −0.266% | $7.5M | $46.3M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.113 | −0.121% | $664K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.198 | −0.030% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.190 | −0.039% | $474K | $2.4M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.191 | −0.038% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.247 | +0.023% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.998 | −0.245% | $202K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.116 | −0.118% | $18.3M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.242 | +0.017% | $397K | $170K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.070 | −0.167% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0215% | 4h | 93.300 | +0.079% | $1.4M | $5.9M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.160 | −0.070% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0273% | 8h | 93.140 | −0.092% | $1.9M | $4.8M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.221 | −0.005% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0437% | 1h | 93.264 | +0.041% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.252 | +0.028% | $3.2M | $6.7M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.010 | −0.232% | $30K | $338K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0686% | 1h | 93.247 | +0.022% | $20.7M | $29.9M | 50x | as long as short |
dYdX HYPE-USD
Perpl HYPE
Aftermath Perps HYPEUSD
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Gate HYPE_USDT
Bullet HYPE-USD
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Derive HYPE-PERP
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
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD