Funding you earn now, next payment 19:00 UTC+0.0172%/8hpaid last 24h +0.039%
Price spread now: Phoenix against Perpl+0.141%7-day average +0.081% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.420%+$42 on $10k
+Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.141%, 7d avg +0.081%
=Together, before fees+0.371%+ Points / potential airdropPerpl: Active · farm board+$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.060% dearer against Perpl than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.081%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 93.280 | 0 | get 0.0000% / 43m | 27m 50s | $24K | $372K | 10x |
| Short | Phoenix HYPE | 93.411 | 0.0172 | get 0.0021% / 1h | 6m 50s | $208K | $954K | 10x |
Perpl HYPE
Phoenix HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $36.11
- Price spread: +0.141% → +0.081%
- $5.97
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $21.28
- Costs to cover
- 0.208%
- Break-even
- 2.9 days
Slippage unknown: Perpl: no order-book sample; Phoenix: live order book, 25 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 Phoenix live order book, 25 min ago | 1.07 bp | 5.5 bp −$6 | 9.0 bp −$90 | 128.4 bp −$12.8K | 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 | −0.1056% | 1h | 93.273 | −0.007% | $196K | $244K | 7x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.302 | +0.024% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0005% | 1h | 93.352 | +0.077% | $22K | $22K | 10x | as long as short |
| Injective HYPE/USDC PERP | −0.0004% | 1h | 93.620 | +0.365% | $30K | $177K | 12x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.336 | +0.060% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.361 | +0.087% | $2.0M | $5.4M | 2.3x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 93.280 | long leg | $24K | $372K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0006% | 1h | 93.289 | +0.010% | $43K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0025% | 4h | 93.240 | −0.043% | $8.9M | $36.2M | 300x | as long as short |
| 01 Exchange HYPEUSD | +0.0048% | 1h | 93.276 | −0.004% | $90K | $323K | 20x | as long as short |
Hibachi HYPE/USDT-P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
Injective HYPE/USDC PERP
dYdX HYPE-USD
Kalshi KXHYPEPERP
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
01 Exchange HYPEUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPE_USDT | +0.0076% | 4h | 93.245 | −0.037% | $44.1M | $56.1M | 75x | as long as short |
| Arcus HYPE-USD | +0.0082% | 1h | 93.255 | −0.027% | $1.2M | $4.0M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0085% | 8h | 93.200 | −0.086% | $324.9M | $286.7M | 75x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.310 | +0.033% | $18.7M | $58.3M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.278 | −0.002% | $3.1M | $12.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.271 | −0.010% | $55K | $1.3M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0097% | 4h | 93.269 | −0.012% | $181K | $505K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.310 | +0.032% | $21K | $1.8M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.261 | −0.020% | $6.3M | $43.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.302 | +0.024% | $10.0M | $14.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.252 | −0.030% | $390.0M | $870.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.178 | −0.109% | $114.5M | $313.3M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0100% | 1h | 93.320 | +0.043% | $701K | $945K | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.380 | +0.107% | $205K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.283 | +0.003% | $91.7M | $83.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.296 | +0.017% | $46.4M | $19.6M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.211 | −0.074% | $225.6M | $103.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.236 | −0.047% | — | $54.7M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.263 | −0.018% | $8.0M | $11.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.355 | +0.080% | $29.1M | $49.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.383 | +0.111% | $7.5M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.365 | +0.091% | $457K | $943K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.341 | +0.066% | $675K | $2.3M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.332 | +0.056% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.299 | +0.020% | $460K | $2.6M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.278 | −0.003% | $113K | $573K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.288 | +0.009% | $76K | $171K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.241 | −0.042% | $16.3M | $7.0M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.275 | −0.005% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.256 | −0.026% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.290 | +0.011% | $12.6M | $2.5M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0101% | 8h | 93.318 | +0.041% | $341K | $172K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0104% | 4h | 93.353 | +0.079% | $5.1M | $28.9M | 30x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.271 | −0.010% | $18.1M | $40.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.262 | −0.019% | $397K | $320K | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0151% | 1h | 93.322 | +0.045% | $16.2M | $20.9M | 50x | as long as short |
| Phoenix HYPEshort | +0.0172% | 1h | 93.411 | +0.141% | $208K | $954K | 10x | |
| Hyperliquid HYPE | +0.0187% | 1h | 93.293 | +0.014% | $2.02B | $660.7M | 10x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0200% | 1h | 93.430 | +0.161% | $4.9M | $5.6M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0232% | 1h | 93.358 | +0.084% | $7.4M | $4.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0242% | 1h | 93.272 | −0.009% | $77K | $157K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.280 | 0.000% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.249 | −0.033% | $17.4M | $12.3M | 75x | as long as short |
| HTX HYPE-USDT | +0.0407% | 4h | 93.450 | +0.182% | $1.5M | $7.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0516% | 1h | 93.342 | +0.067% | $2.7M | $6.4M | 20x | as long as short |
Gate HYPE_USDT
Arcus HYPE-USD
Bybit HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Orderly PERP_HYPE_USDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Ondo Perps HYPE-USD.P
Bulk HYPE-USD
MEXC HYPE_USDT
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
Bullet HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Extended HYPE-USD
Aevo HYPE-PERP
Kraken Futures PF_HYPEUSD
Hyperliquid HYPE
Coinbase International HYPE-PERP-INTX
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
HTX HYPE-USDT
RISEx HYPE/USDC