Funding you earn now, next payment 02:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.011%
Price spread now: Coinbase International against Katana Perps+0.128%7-day average −0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)−0.367%−$37 · spread now +0.128%, 7d avg −0.008%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.136% dearer against Katana Perps than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.008%. Mind the row above: over the last 4 days funding on this pair cost −0.134%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps HYPE-USD | 93.510 | 0.0100 | pay 0.0100% / 8h | 5h 30m | $17K | $1.6M | 10x |
| Short | Coinbase International HYPE-PERP-INTX | 93.630 | 0.0176 | get 0.0022% / 1h | 30m 37s | $4.8M | $5.6M | 50x |
Katana Perps HYPE-USD
Coinbase International HYPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Katana Perps. 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
- $16
- Price spread: +0.128% → −0.008%
- $13.62
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $15.82
- Costs to cover
- 0.138%
- Break-even
- 0.1 days
Slippage unknown: Katana Perps: no order-book sample; Coinbase International: live order book, 3 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 3 min ago | 3.74 bp | 9.3 bp −$9 | 14.8 bp −$148 | 38.4 bp −$3,840 | doesn't fit |
Katana Perps: 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 | −0.1296% | 1h | 93.373 | −0.147% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.419 | −0.097% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0104% | 1h | 93.320 | −0.203% | $699K | $996K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.512 | +0.002% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0076% | 8h | 93.562 | +0.056% | $12.6M | $2.7M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.0063% | 1h | 93.445 | −0.069% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.603 | +0.099% | $85K | $344K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0042% | 4h | 93.562 | +0.056% | $154K | $648K | 20x | as long as short |
| Bullet HYPE-USD | −0.0002% | 1h | 93.559 | +0.052% | $111K | $578K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.560 | +0.053% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Phemex HYPEUSDT
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
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 | 93.578 | +0.073% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.593 | +0.089% | $62K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0024% | 4h | 93.540 | +0.032% | — | $53.0M | — | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.512 | +0.002% | $213K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0031% | 4h | 93.578 | +0.073% | $8.8M | $35.5M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0038% | 8h | 93.540 | +0.032% | $321.8M | $277.0M | 75x | as long as short |
| Gate HYPE_USDT | +0.0056% | 4h | 93.541 | +0.033% | $44.7M | $54.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 93.528 | +0.019% | $114.3M | $302.3M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.568 | +0.062% | $16.3M | $61.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.563 | +0.057% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.590 | +0.086% | $69K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.587 | +0.083% | $340K | $162K | 20x | as long as short |
| Katana Perps HYPE-USDlong | +0.0100% | 8h | 93.510 | long leg | $17K | $1.6M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 93.555 | +0.048% | $5.8M | $43.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.619 | +0.117% | $2.04B | $654.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.577 | +0.072% | $10.1M | $14.6M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.548 | +0.041% | $379.5M | $876.1M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.364 | −0.156% | $203K | $10K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.550 | +0.043% | $89.9M | $80.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.577 | +0.072% | $46.0M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.541 | +0.033% | $226.2M | $96.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.563 | +0.057% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.546 | +0.038% | $31.2M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.532 | +0.023% | $7.6M | $45.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.349 | −0.172% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.512 | +0.002% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.588 | +0.084% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.592 | +0.088% | $472K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.564 | +0.058% | $79K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.551 | +0.044% | $16.2M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.619 | +0.117% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.600 | +0.096% | $2.0M | $1.9M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0102% | 4h | 93.459 | −0.055% | $5.1M | $29.7M | 30x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.514 | +0.004% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.589 | +0.084% | $398K | $162K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTXshort | +0.0176% | 1h | 93.630 | +0.128% | $4.8M | $5.6M | 50x | |
| HTX HYPE-USDT | +0.0187% | 4h | 93.700 | +0.203% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0258% | 1h | 93.549 | +0.042% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0279% | 8h | 93.570 | +0.064% | $1.9M | $5.0M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0305% | 1h | 93.665 | +0.166% | $7.5M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.588 | +0.084% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.555 | +0.048% | $17.0M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.622 | +0.120% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.310 | −0.214% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0683% | 1h | 93.661 | +0.162% | $20.8M | $29.7M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Phoenix HYPE
Aster HYPEUSDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
MEXC HYPE_USDT
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
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
edgeX HYPEUSDC
Extended HYPE-USD
Aevo HYPE-PERP
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