Funding you earn now, next payment 23:00 UTC−0.0139%/8h= −15.2% APRnext payment −$0.17 per $10,000 · paid last 24h −0.050%
Price spread now: Bluefin against Injective−0.294%7-day average −0.182% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.404%−$240 on $10k
+Price spread, last 3 days (all we have)+0.327%+$33 · spread now −0.294%, 7d avg −0.182%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bluefin is 0.112% cheaper against Injective than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.182%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective HYPE/USDC PERP | 93.530 | 0.0239 | pay 0.0030% / 1h | 6m 27s | $30K | $338K | 12x |
| Short | Bluefin HYPE-PERP | 93.255 | 0.0100 | get 0.0013% / 1h | 6m 27s | $76K | $167K | 20x |
Injective HYPE/USDC PERP
Bluefin HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Injective. 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
- −$29.13
- Price spread: −0.294% → −0.182%
- −$11.21
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$47.35
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 13 min ago; Bluefin: live order book, 13 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 Injective live order book, 13 min ago | 9.65 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bluefin live order book, 13 min ago | 2.73 bp | 12.0 bp −$12 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0476% | 1h | 93.219 | −0.332% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0416% | 1h | 93.238 | −0.312% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.355 | −0.187% | $1.2M | $3.9M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0129% | 1h | 93.160 | −0.396% | $699K | $894K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.346 | −0.197% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.463 | −0.072% | $91K | $358K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.390 | −0.150% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.394 | −0.145% | $23K | $330K | 10x | as long as short |
| Aster HYPEUSDT | +0.0002% | 4h | 93.405 | −0.133% | $8.9M | $35.7M | 300x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.272 | −0.276% | $27K | — | 150x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
Aster HYPEUSDT
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex HYPEUSDT | +0.0008% | 1h | 93.431 | −0.106% | $58K | $1.2M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0016% | 4h | 93.253 | −0.296% | $176K | $524K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0020% | 8h | 93.404 | −0.135% | $323.6M | $282.3M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.306 | −0.239% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0047% | 1h | 93.248 | −0.301% | $111K | $577K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0060% | 4h | 93.432 | −0.105% | $90.3M | $82.4M | 100x | as long as short |
| Binance HYPEUSDT | +0.0061% | 4h | 93.431 | −0.106% | $383.5M | $886.3M | 75x | as long as short |
| Derive HYPE-PERP | +0.0061% | 1h | 93.213 | −0.339% | $16.3M | $7.0M | 10x | as long as short |
| Gate HYPE_USDT | +0.0062% | 4h | 93.411 | −0.127% | $44.1M | $58.8M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0080% | 4h | 93.250 | −0.299% | $5.1M | $29.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.455 | −0.080% | $18.6M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.421 | −0.117% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.250 | −0.299% | $397K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.417 | −0.120% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.390 | −0.150% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.430 | −0.106% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.448 | −0.087% | $2.03B | $661.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.431 | −0.106% | $10.1M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.420 | −0.118% | $114.2M | $312.6M | 50x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.392 | −0.148% | $47.0M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.439 | −0.097% | $226.7M | $102.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.415 | −0.123% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.331 | −0.213% | $7.8M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.212 | −0.340% | $30.8M | $51.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.317 | −0.228% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.303 | −0.243% | $415K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.230 | −0.321% | $674K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.422 | −0.115% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.448 | −0.088% | $494K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERPshort | +0.0100% | 1h | 93.255 | −0.294% | $76K | $167K | 20x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.270 | −0.278% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.255 | −0.294% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.234 | −0.316% | $12.7M | $2.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.280 | −0.267% | $204K | $8K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.411 | −0.127% | $18.2M | $41.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0118% | 8h | 93.272 | −0.276% | $1.9M | $5.2M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.280 | −0.267% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0220% | 4h | 93.369 | −0.172% | $1.5M | $7.7M | 75x | as long as short |
| Injective HYPE/USDC PERPlong | +0.0239% | 1h | 93.530 | long leg | $30K | $338K | 12x | |
| BloFin HYPE-USDT | +0.0243% | 4h | 93.225 | −0.326% | $16.9M | $12.4M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0248% | 1h | 93.426 | −0.111% | $77K | $159K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.477 | −0.056% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.271 | −0.277% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0372% | 1h | 93.352 | −0.190% | $7.4M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.387 | −0.153% | $20.9M | $28.9M | 50x | as long as short |
Popdex HYPEUSDT
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Phoenix HYPE
Bullet HYPE-USD
MEXC HYPE_USDT
Binance HYPEUSDT
Derive HYPE-PERP
Gate HYPE_USDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Bulk HYPE-USD
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
BloFin HYPE-USDT
Reya HYPERUSDPERP
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD