Funding you earn now, next payment 03:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h −0.015%
Price spread now: Derive against Lighter RH−0.032%7-day average −0.049% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)−0.324%−$32 · spread now −0.032%, 7d avg −0.049%
=Together, before fees−0.284%+ Points / potential airdropLighter RH: Points live · farm board−$28 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH HYPE | 93.049 | 0.0096 | pay 0.0012% / 1h | 7m 54s | $3.1M | $11.7M | 20x |
| Short | Derive HYPE-PERP | 93.019 | 0.0087 | get 0.0011% / 1h | 7m 54s | $16.1M | $7.5M | 10x |
Lighter RH HYPE
Derive HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Lighter RH. 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
- −$1.96
- Price spread: −0.032% → −0.049%
- $1.67
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$6.28
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 6 min ago; 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 Lighter RH live order book, 6 min ago | 1.24 bp | 2.2 bp −$2 | 3.9 bp −$39 | 25.1 bp −$2,509 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | −0.0976% | 1h | 93.211 | +0.174% | $197K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 92.930 | −0.128% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0130% | 1h | 93.080 | +0.033% | $698K | $1.0M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.082 | +0.035% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0078% | 1h | 93.224 | +0.188% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.039 | −0.011% | $85K | $345K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0049% | 4h | 93.042 | −0.008% | $154K | $654K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.148 | +0.107% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.064 | +0.016% | $23K | $316K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.093 | +0.047% | $62K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet HYPE-USD | +0.0004% | 1h | 93.050 | +0.002% | $111K | $579K | 20x | as long as short |
| Phemex HYPEUSDT | +0.0007% | 8h | 93.097 | +0.052% | $12.6M | $2.7M | 50x | as long as short |
| Aster HYPEUSDT | +0.0022% | 4h | 93.037 | −0.013% | $8.8M | $35.9M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.210 | +0.173% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0037% | 4h | 93.017 | −0.034% | — | $52.9M | — | as long as short |
| Gate HYPE_USDT | +0.0044% | 4h | 93.019 | −0.032% | $44.5M | $55.6M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0048% | 8h | 93.012 | −0.040% | $320.0M | $276.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0074% | 8h | 93.000 | −0.053% | $113.4M | $298.4M | 50x | as long as short |
| Derive HYPE-PERPshort | +0.0087% | 1h | 93.019 | −0.032% | $16.1M | $7.5M | 10x | |
| Binance HYPEUSDT | +0.0095% | 4h | 93.007 | −0.045% | $376.2M | $880.0M | 75x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.051 | +0.002% | $16.2M | $62.1M | 20x | as long as short |
| Lighter RH HYPElong | +0.0096% | 1h | 93.049 | long leg | $3.1M | $11.7M | 20x | |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.036 | −0.014% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 93.123 | +0.080% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.040 | −0.010% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.047 | −0.002% | $5.8M | $43.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.102 | +0.057% | $2.03B | $653.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.087 | +0.041% | $10.0M | $14.8M | 20x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.011 | −0.041% | $89.3M | $81.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.027 | −0.024% | $45.7M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.014 | −0.038% | $224.9M | $96.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.016 | −0.035% | $7.3M | $10.0M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.197 | +0.159% | $31.4M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.289 | +0.257% | $7.5M | $46.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.125 | +0.082% | $338K | $998K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.310 | +0.280% | $667K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.109 | +0.064% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.084 | +0.038% | $470K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.017 | −0.034% | $79K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.048 | −0.001% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.042 | −0.008% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.155 | +0.114% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.985 | −0.068% | $18.3M | $42.8M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.026 | −0.025% | $396K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0104% | 4h | 93.205 | +0.167% | $5.0M | $28.9M | 30x | as long as short |
| HTX HYPE-USDT | +0.0124% | 4h | 93.200 | +0.162% | $1.4M | $6.0M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.120 | +0.076% | $4.8M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0259% | 1h | 93.037 | −0.013% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0271% | 8h | 93.109 | +0.064% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0156% | 1h | 93.078 | +0.031% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.118 | +0.074% | $16.9M | $11.5M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0416% | 1h | 93.152 | +0.111% | $7.4M | $4.3M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.137 | +0.095% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.390 | +0.366% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0687% | 1h | 93.109 | +0.064% | $20.7M | $29.8M | 50x | as long as short |
Bullet HYPE-USD
Phemex HYPEUSDT
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Gate HYPE_USDT
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
Binance HYPEUSDT
Lighter HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
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
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD