Funding you earn now, next payment 03:00 UTC−0.0427%/8h= −46.8% APRpaid last 24h +0.047%
Price spread now: Bluefin against Gate−0.023%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$490.494% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.023%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bluefin is 0.038% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
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 | Gate HYPE_USDT | 92.982 | 0.0012 | pay 0.0006% / 4h | 1h 58m | $44.3M | $54.0M | 75x |
| Short | Bluefin HYPE-PERP | 92.961 | −0.0415 | pay 0.0052% / 1h | 58m 02s | $79K | $170K | 20x |
Gate HYPE_USDT
Bluefin HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Gate. 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
- −$89.72
- Price spread: −0.023% → +0.015%
- −$3.78
- Slippage, 4 orders
- −$27.37
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$142.86
- Costs to cover
- 0.494%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Bluefin: live order book, 6 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 Gate live order book, 1 min ago | 0.16 bp | 10.5 bp −$11 | 18.8 bp −$188 | 29.6 bp −$2,963 | 56.0 bp −$28.0K |
| Sell Bluefin live order book, 6 min ago | 4.82 bp | 12.5 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.1136% | 1h | 93.123 | +0.152% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 92.959 | −0.025% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERPshort | −0.0415% | 1h | 92.961 | −0.023% | $79K | $170K | 20x | |
| Ondo Perps HYPE-USD.P | −0.0313% | 1h | 93.040 | +0.062% | $698K | $902K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0096% | 1h | 93.078 | +0.103% | $84K | $346K | 20x | as long as short |
| Bullet HYPE-USD | −0.0095% | 1h | 93.007 | +0.027% | $112K | $578K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.198 | +0.232% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0052% | 4h | 92.992 | +0.011% | $155K | $639K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0023% | 8h | 93.039 | +0.061% | $12.6M | $2.7M | 50x | as long as short |
| Aster HYPEUSDT | −0.0005% | 4h | 93.003 | +0.022% | $8.8M | $35.4M | 300x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Bullet HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
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 | 93.100 | +0.127% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.092 | +0.119% | $22K | $321K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.025 | +0.046% | $25K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0009% | 8h | 92.940 | −0.045% | $318.9M | $275.7M | 75x | as long as short |
| Gate HYPE_USDTlong | +0.0012% | 4h | 92.982 | long leg | $44.3M | $54.0M | 75x | |
| BingX HYPE-USDT | +0.0012% | 4h | 92.984 | +0.002% | — | $53.1M | — | as long as short |
| Aftermath Perps HYPEUSD | +0.0013% | 1h | 93.325 | +0.369% | $22K | $21K | 10x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.318 | +0.361% | $210K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 92.950 | −0.034% | $114.2M | $299.9M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0078% | 4h | 93.009 | +0.029% | $87.5M | $79.7M | 100x | as long as short |
| Binance HYPEUSDT | +0.0078% | 4h | 92.964 | −0.019% | $378.0M | $874.1M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0083% | 4h | 93.256 | +0.294% | $5.0M | $30.1M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.042 | +0.065% | $16.2M | $61.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.032 | +0.054% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.062 | +0.086% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.106 | +0.133% | $338K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.090 | +0.116% | $12K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.005 | +0.025% | $5.7M | $43.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.098 | +0.125% | $2.03B | $658.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.105 | +0.132% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | +0.380% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.030 | +0.052% | $46.1M | $17.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.964 | −0.019% | $224.9M | $96.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.967 | −0.016% | $7.3M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.219 | +0.255% | $31.1M | $54.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.419 | +0.470% | $7.5M | $46.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.263 | +0.302% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.218 | +0.254% | $665K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.122 | +0.150% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.054 | +0.077% | $473K | $2.4M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.986 | +0.005% | $16.1M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.189 | +0.223% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.010 | +0.030% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.945 | −0.040% | $18.3M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.002 | +0.022% | $396K | $170K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.100 | +0.127% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0207% | 4h | 93.200 | +0.234% | $1.4M | $5.9M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0256% | 1h | 93.002 | +0.021% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0276% | 8h | 93.073 | +0.098% | $1.9M | $4.8M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0298% | 1h | 93.093 | +0.119% | $7.4M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.023 | +0.044% | $1.4M | — | 100x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.157 | +0.189% | $3.2M | $6.7M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.170 | +0.202% | $30K | $338K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0687% | 1h | 93.087 | +0.113% | $20.7M | $30.0M | 50x | as long as short |
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Aftermath Perps HYPEUSD
Phoenix HYPE
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD