Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.014%
Price spread now: Derive against gTrade (Gains Network)−0.004%55s7-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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 55 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 | gTrade (Gains Network) HYPE/USD | 92.738 | L +0.0002% / S −0.0002% | pay 0.0000% / 1h | 23m 29s | $62K | — | 150x |
| Short | Derive HYPE-PERP | 92.734 | 0.0100 | get 0.0013% / 1h | 23m 29s | $16.0M | $7.6M | 10x |
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $20.52
- Price spread: −0.004% → 0.000%
- −$0.44
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $4.08
- Costs to cover
- 0.160%
- Break-even
- 5.6 days
Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
gTrade (Gains Network) and 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 | −0.1696% | 1h | 92.615 | −0.133% | $193K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0309% | 1h | 92.806 | +0.074% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.682 | −0.060% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.789 | +0.055% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0061% | 4h | 92.729 | −0.009% | $145K | $681K | 20x | as long as short |
| Bullet HYPE-USD | −0.0002% | 1h | 92.701 | −0.040% | $112K | $577K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.736 | −0.002% | $127K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.733 | −0.005% | $22K | $293K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USDlong | L +0.0002% / S −0.0002% | 1h | 92.738 | long leg | $62K | — | 150x | |
| Ondo Perps HYPE-USD.P | +0.0009% | 1h | 92.670 | −0.073% | $698K | $1.1M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
Ondo Perps HYPE-USD.PShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange HYPEUSD | +0.0024% | 1h | 92.721 | −0.018% | $87K | $364K | 20x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 92.921 | +0.198% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 92.718 | −0.021% | $315.2M | $282.9M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0048% | 1h | 92.711 | −0.029% | $70K | $1.1M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0048% | 4h | 92.716 | −0.024% | $224.5M | $98.8M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0053% | 8h | 92.740 | +0.002% | $12.5M | $2.7M | 50x | as long as short |
| Gate HYPE_USDT | +0.0078% | 4h | 92.700 | −0.041% | $45.1M | $54.3M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0092% | 4h | 92.837 | +0.107% | $4.9M | $29.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.739 | +0.002% | $16.0M | $62.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.740 | +0.002% | $3.1M | $11.6M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 92.752 | +0.016% | $338K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.690 | −0.052% | $34K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.721 | −0.018% | $7.4M | $46.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.764 | +0.028% | $2.02B | $665.3M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 92.718 | −0.021% | $8.7M | $36.1M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.740 | +0.002% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.711 | −0.029% | $372.8M | $905.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.718 | −0.021% | $113.8M | $303.2M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.709 | −0.031% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.710 | −0.030% | $91.3M | $81.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.710 | −0.030% | $46.1M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.716 | −0.024% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.754 | +0.017% | $7.2M | $11.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.768 | +0.032% | $28.5M | $57.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.808 | +0.076% | $7.5M | $46.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.846 | +0.117% | $341K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.783 | +0.049% | $668K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.771 | +0.036% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.746 | +0.009% | $481K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.737 | −0.001% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERPshort | +0.0100% | 1h | 92.734 | −0.004% | $16.0M | $7.6M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 92.786 | +0.052% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.728 | −0.011% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.900 | +0.175% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.686 | −0.056% | $18.0M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.724 | −0.015% | $392K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 92.780 | +0.046% | $4.7M | $5.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0145% | 8h | 92.798 | +0.065% | $1.8M | $5.4M | 2.3x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.802 | +0.070% | $20.6M | $30.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 92.750 | +0.013% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0266% | 1h | 92.698 | −0.043% | $79K | $131K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0310% | 1h | 92.829 | +0.098% | $7.5M | $4.5M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.770 | +0.035% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.759 | +0.023% | $16.7M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 92.790 | +0.056% | $3.1M | $6.4M | 20x | as long as short |
01 Exchange HYPEUSD
Phoenix HYPE
Bybit HYPEUSDT
Popdex HYPEUSDT
Bitget HYPEUSDT
Phemex HYPEUSDT
Gate HYPE_USDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
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
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC