Funding you earn now, next payment 03:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h −0.089%
Price spread now: Orderly against Hyperliquid−0.148%7-day average −0.058% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.241%−$24 on $10k
+Price spread, last 4 days (all we have)−0.224%−$22 · spread now −0.148%, 7d avg −0.058%
=Together, before fees−0.464%+ Points / potential airdropHyperliquid: Season 2 · farm board−$46 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.090% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.058%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HYPE | 93.408 | 0.0100 | pay 0.0013% / 1h | 38m 49s | $2.04B | $653.2M | 10x |
| Short | Orderly PERP_HYPE_USDC | 93.270 | −0.0046 | pay 0.0023% / 4h | 1h 38m | $155K | $633K | 20x |
Hyperliquid HYPE
Orderly PERP_HYPE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Hyperliquid. 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
- −$30.68
- Price spread: −0.148% → −0.058%
- −$9
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$54.68
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; Orderly: 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 Hyperliquid live order book, 5 min ago | 0.05 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.1280% | 1h | 93.334 | −0.079% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.167 | −0.258% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0185% | 1h | 93.253 | −0.166% | $79K | $170K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.343 | −0.070% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0073% | 1h | 93.270 | −0.148% | $700K | $981K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0059% | 8h | 93.302 | −0.113% | $12.6M | $2.7M | 50x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.273 | −0.145% | $85K | $345K | 20x | as long as short |
| Orderly PERP_HYPE_USDCshort | −0.0046% | 4h | 93.270 | −0.148% | $155K | $633K | 20x | |
| Aftermath Perps HYPEUSD | −0.0040% | 1h | 93.403 | −0.006% | $22K | $21K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.361 | −0.051% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Bluefin HYPE-PERP
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
Phemex HYPEUSDT
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.299 | −0.117% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.299 | −0.117% | $62K | — | 150x | as long as short |
| Bullet HYPE-USD | +0.0009% | 1h | 93.276 | −0.141% | $111K | $578K | 20x | as long as short |
| Aster HYPEUSDT | +0.0017% | 4h | 93.280 | −0.137% | $8.8M | $35.6M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.398 | −0.011% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0026% | 4h | 93.296 | −0.120% | — | $53.1M | — | as long as short |
| Bybit HYPEUSDT | +0.0033% | 8h | 93.324 | −0.090% | $321.4M | $277.1M | 75x | as long as short |
| Gate HYPE_USDT | +0.0044% | 4h | 93.270 | −0.148% | $44.5M | $54.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0077% | 8h | 93.330 | −0.084% | $114.2M | $302.0M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.363 | −0.048% | $16.3M | $61.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.360 | −0.051% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.269 | −0.149% | $69K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.334 | −0.079% | $89.8M | $80.7M | 100x | as long as short |
| Binance HYPEUSDT | +0.0097% | 4h | 93.325 | −0.089% | $378.7M | $877.0M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.367 | −0.044% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.290 | −0.126% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.321 | −0.093% | $5.8M | $43.4M | 10x | as long as short |
| Hyperliquid HYPElong | +0.0100% | 1h | 93.408 | long leg | $2.04B | $653.2M | 10x | |
| Pacifica HYPE | +0.0100% | 1h | 93.366 | −0.045% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | +0.184% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.302 | −0.113% | $45.9M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.353 | −0.059% | $225.7M | $96.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.270 | −0.148% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.317 | −0.098% | $31.1M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.553 | +0.155% | $7.6M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.487 | +0.085% | $340K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.408 | 0.000% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.362 | −0.049% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.317 | −0.097% | $471K | $2.5M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.266 | −0.152% | $16.2M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.358 | −0.054% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.261 | −0.157% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.250 | −0.169% | $18.4M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.269 | −0.149% | $397K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 93.349 | −0.063% | $5.1M | $29.6M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.350 | −0.062% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0197% | 4h | 93.450 | +0.045% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.278 | −0.139% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0278% | 8h | 93.362 | −0.049% | $1.9M | $5.1M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0318% | 1h | 93.368 | −0.043% | $7.4M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.306 | −0.109% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0337% | 4h | 93.271 | −0.147% | $16.9M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.364 | −0.047% | $3.2M | $6.4M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.220 | −0.201% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0686% | 1h | 93.323 | −0.091% | $20.7M | $30.1M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bullet HYPE-USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
MEXC HYPE_USDT
Binance HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
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
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD