Funding you earn now, next payment 23:29 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.012%
Price spread now: Bullet against Perpl−0.005%7-day average +0.008% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.067%+$7 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.005%, 7d avg +0.008%
=Together, before fees+0.073%+ Points / potential airdropPerpl: Active · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 93.480 | 0 | get 0.0000% / 43m | 21m 19s | $23K | $329K | 10x |
| Short | Bullet HYPE-USD | 93.475 | 0.0092 | get 0.0011% / 1h | 25m 19s | $113K | $577K | 20x |
Perpl HYPE
Bullet HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Perpl. 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
- $19.27
- Price spread: −0.005% → +0.008%
- −$1.34
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$3.87
- Costs to cover
- 0.218%
- Break-even
- 8.4 days
Slippage unknown: Perpl: no order-book sample; Bullet: live order book, 54 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Bullet live order book, 54 min ago | 0.22 bp | 4.6 bp −$5 | 7.9 bp −$79 | doesn't fit | doesn't fit |
Perpl: 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 | −0.0928% | 1h | 93.480 | 0.000% | $198K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0375% | 1h | 93.654 | +0.187% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 93.354 | −0.135% | $1.2M | $3.8M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.496 | +0.017% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0078% | 1h | 93.440 | −0.043% | $703K | $909K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.427 | −0.057% | $86K | $366K | 20x | as long as short |
| Derive HYPE-PERP | −0.0017% | 1h | 93.462 | −0.020% | $16.3M | $7.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.492 | +0.013% | $127K | $30K | 5x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 93.480 | long leg | $23K | $329K | 10x | |
| Orderly PERP_HYPE_USDC | +0.0001% | 4h | 93.473 | −0.007% | $166K | $583K | 20x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Derive HYPE-PERP
dYdX HYPE-USD
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.515 | +0.037% | $26K | — | 150x | as long as short |
| Phoenix HYPE | +0.0009% | 1h | 93.618 | +0.148% | $214K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0011% | 4h | 93.479 | −0.001% | $8.9M | $36.0M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.469 | −0.012% | $321.2M | $283.4M | 75x | as long as short |
| Binance HYPEUSDT | +0.0052% | 4h | 93.468 | −0.013% | $382.0M | $896.0M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0054% | 4h | 93.487 | +0.007% | $87.6M | $81.8M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0064% | 4h | 93.635 | +0.166% | $5.1M | $29.7M | 30x | as long as short |
| Phemex HYPEUSDT | +0.0070% | 8h | 93.537 | +0.061% | $12.7M | $2.6M | 50x | as long as short |
| Gate HYPE_USDT | +0.0078% | 4h | 93.473 | −0.007% | $43.9M | $59.6M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 93.455 | −0.027% | $59K | $1.2M | 50x | as long as short |
| Bullet HYPE-USDshort | +0.0092% | 1h | 93.475 | −0.005% | $113K | $577K | 20x | |
| Lighter HYPE | +0.0096% | 1h | 93.501 | +0.022% | $18.8M | $60.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.458 | −0.024% | $3.0M | $12.3M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.505 | +0.027% | $398K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.488 | +0.008% | $340K | $171K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.440 | −0.043% | $43K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.507 | +0.029% | $5.7M | $44.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.485 | +0.005% | $10.1M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.475 | −0.005% | $115.0M | $320.0M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.625 | +0.155% | $204K | $7K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.476 | −0.004% | $46.3M | $18.6M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.488 | +0.009% | $226.5M | $102.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.475 | −0.005% | — | $54.1M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.521 | +0.044% | $7.8M | $10.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.574 | +0.101% | $31.2M | $54.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.619 | +0.149% | $7.6M | $45.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.646 | +0.178% | $346K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.611 | +0.140% | $677K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.513 | +0.035% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.497 | +0.018% | $490K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.481 | +0.001% | $76K | $171K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.567 | +0.093% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.511 | +0.033% | $2.0M | $2.0M | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.0104% | 1h | 94.410 | +0.995% | $31K | $338K | 12x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.419 | −0.066% | $18.3M | $42.8M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0132% | 8h | 93.660 | +0.193% | $1.9M | $5.0M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 93.550 | +0.075% | $4.9M | $5.7M | 50x | as long as short |
| Hyperliquid HYPE | +0.0194% | 1h | 93.497 | +0.018% | $2.03B | $676.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0211% | 4h | 93.712 | +0.248% | $1.5M | $7.8M | 75x | as long as short |
| BloFin HYPE-USDT | +0.0229% | 4h | 93.600 | +0.128% | $17.1M | $12.6M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0249% | 1h | 93.480 | 0.000% | $77K | $142K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0284% | 1h | 93.483 | +0.003% | $2.8M | $6.9M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0337% / S −0.0163% | 1h | 93.509 | +0.031% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0381% | 1h | 93.619 | +0.149% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0580% | 1h | 93.608 | +0.137% | $20.9M | $29.5M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Aster HYPEUSDT
Bybit HYPEUSDT
Binance HYPEUSDT
MEXC HYPE_USDT
edgeX HYPEUSDC
Phemex HYPEUSDT
Gate HYPE_USDT
Popdex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Injective HYPE/USDC PERP
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Hyperliquid HYPE
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