Funding you earn now, next payment 05:57 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.062%
Price spread now: HTX against Perpl+0.140%7-day average +0.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.195%+$19 on $10k
+Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.140%, 7d avg +0.050%
=Together, before fees−0.007%+ Points / potential airdropPerpl: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.091% dearer against Perpl than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 93.652 | 0 | get 0.0000% / 43m | 9m 11s | $21K | $287K | 10x |
| Short | HTX HYPE-USDT | 93.783 | 0.0100 | get 0.0050% / 4h | 1h 46m | $1.4M | $6.7M | 75x |
Perpl HYPE
HTX HYPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $21
- Price spread: +0.140% → +0.050%
- $9.05
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $4.25
- Costs to cover
- 0.258%
- Break-even
- 5.6 days
Slippage unknown: Perpl: no order-book sample; HTX: 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 Perpl no order-book sample | — | — | — | — | — |
| Sell HTX live order book, 3 min ago | 1.65 bp | 11.7 bp −$12 | 16.3 bp −$163 | 47.9 bp −$4,793 | 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 | −0.1096% | 1h | 93.581 | −0.076% | $198K | $242K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0234% | 1h | 93.764 | +0.120% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0125% | 1h | 93.570 | −0.087% | $705K | $1.2M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.621 | −0.033% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0071% | 1h | 93.591 | −0.065% | $111K | $580K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 93.625 | −0.029% | $86K | $370K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0035% | 1h | 93.576 | −0.081% | $79K | $156K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0020% | 4h | 93.559 | −0.099% | $145K | $685K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.698 | +0.049% | $128K | $29K | 5x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 93.652 | long leg | $21K | $287K | 10x |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Bullet HYPE-USD
01 Exchange HYPEUSD
Bluefin HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USDShow 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 −0.0002% | 1h | 93.634 | −0.019% | $63K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0006% | 4h | 93.552 | −0.107% | — | $53.7M | — | as long as short |
| Bybit HYPEUSDT | +0.0008% | 8h | 93.550 | −0.109% | $316.0M | $287.9M | 75x | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 93.687 | +0.038% | $209K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 93.573 | −0.084% | $225.4M | $99.5M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0074% | 8h | 93.592 | −0.064% | $12.8M | $2.8M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0082% | 4h | 93.648 | −0.004% | $5.0M | $30.6M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0082% | 8h | 93.656 | +0.005% | $335K | $161K | 20x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.600 | −0.055% | $1.0M | $4.0M | 10x | as long as short |
| Derive HYPE-PERP | +0.0092% | 1h | 93.549 | −0.109% | $16.3M | $7.4M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.596 | −0.060% | $16.1M | $63.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.597 | −0.059% | $3.1M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.607 | −0.048% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.630 | −0.023% | $22K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.617 | −0.038% | $7.4M | $50.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.659 | +0.008% | $2.05B | $682.9M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.590 | −0.066% | $8.8M | $37.3M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.667 | +0.016% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.577 | −0.080% | $375.0M | $930.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.573 | −0.084% | $115.6M | $316.0M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.558 | −0.100% | $48.4M | $55.0M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.560 | −0.098% | $90.0M | $83.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.561 | −0.097% | $46.2M | $18.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.592 | −0.064% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.670 | +0.019% | $28.6M | $56.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.726 | +0.079% | $7.6M | $48.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.674 | +0.024% | $347K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.649 | −0.003% | $678K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.677 | +0.027% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.633 | −0.020% | $470K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.702 | +0.054% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.563 | −0.095% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDTshort | +0.0100% | 4h | 93.783 | +0.140% | $1.4M | $6.7M | 75x | |
| Bulk HYPE-USD | +0.0100% | 1h | 93.731 | +0.085% | $216K | $15K | 10x | as long as short |
| Kalshi KXHYPEPERP | +0.0102% | 8h | 93.619 | −0.035% | $1.8M | $5.6M | 2.3x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.559 | −0.099% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.581 | −0.075% | $396K | $159K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.610 | −0.045% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.640 | −0.013% | $30K | $339K | 12x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0252% | 1h | 93.679 | +0.029% | $7.4M | $4.2M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0271% | 1h | 93.569 | −0.088% | $77K | $130K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 93.625 | −0.028% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.653 | +0.001% | $17.0M | $12.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0415% | 1h | 93.648 | −0.004% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.647 | −0.005% | $3.2M | $6.4M | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Bitget HYPEUSDT
Phemex HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Arcus HYPE-USD
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
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
Bulk HYPE-USD
Kalshi KXHYPEPERP
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC