Funding you earn now, next payment 01:38 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.018%
Price spread now: Polymarket Perps against Perpl−0.011%7-day average −0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.011%, 7d avg −0.003%
=Together, before fees+0.097%+ Points / potential airdropPerpl: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.003%, 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 | 93.485 | 0 | get 0.0000% / 43m | 8m 59s | $22K | $321K | 10x |
| Short | Polymarket Perps HYPE-USD | 93.475 | 0.0100 | get 0.0013% / 1h | 3m 59s | $475K | $2.4M | 20x |
Perpl HYPE
Polymarket Perps HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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: −0.011% → −0.003%
- −$0.8
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$1.6
- Costs to cover
- 0.218%
- Break-even
- 7.5 days
Slippage unknown: Perpl: no order-book sample; Polymarket Perps: live order book, 5 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 Polymarket Perps live order book, 5 min ago | 0.32 bp | 4.3 bp −$4 | 5.4 bp −$54 | 11.4 bp −$1,142 | 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 54 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 | −0.1120% | 1h | 93.308 | −0.189% | $196K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.352 | −0.142% | $1.2M | $3.8M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.347 | −0.148% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0075% | 8h | 93.388 | −0.104% | $12.6M | $2.7M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0061% | 1h | 93.330 | −0.166% | $699K | $905K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0053% | 4h | 93.381 | −0.111% | $156K | $640K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.501 | +0.017% | $85K | $347K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0034% | 1h | 93.481 | −0.004% | $22K | $21K | 10x | as long as short |
| Aster HYPEUSDT | −0.0003% | 4h | 93.437 | −0.051% | $8.8M | $35.7M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.389 | −0.102% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Hotstuff HYPE-PERP
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Aster HYPEUSDT
dYdX HYPE-USDShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPElong | 0.0000% | 43m | 93.485 | long leg | $22K | $321K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.438 | −0.050% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0006% | 4h | 93.427 | −0.062% | — | $53.4M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0013% | 1h | 93.393 | −0.098% | $7.4M | $10.4M | 20x | as long as short |
| Bybit HYPEUSDT | +0.0016% | 8h | 93.410 | −0.080% | $320.4M | $276.9M | 75x | as long as short |
| Gate HYPE_USDT | +0.0018% | 4h | 93.429 | −0.060% | $44.3M | $55.4M | 75x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.424 | −0.065% | $210K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0070% | 4h | 93.434 | −0.054% | $88.2M | $83.5M | 100x | as long as short |
| Bullet HYPE-USD | +0.0075% | 1h | 93.425 | −0.064% | $112K | $578K | 20x | as long as short |
| Binance HYPEUSDT | +0.0076% | 4h | 93.443 | −0.045% | $380.1M | $880.5M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 93.443 | −0.045% | $114.7M | $303.0M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.295 | −0.203% | $5.0M | $30.0M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.433 | −0.055% | $16.3M | $62.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.423 | −0.066% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.480 | −0.005% | $67K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.412 | −0.078% | $397K | $172K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.459 | −0.028% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.490 | +0.005% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.422 | −0.067% | $5.7M | $43.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.506 | +0.023% | $2.04B | $657.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.445 | −0.043% | $10.0M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | −0.160% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.442 | −0.046% | $46.2M | $18.0M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.414 | −0.076% | $226.0M | $97.3M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.349 | −0.146% | $31.1M | $54.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.391 | −0.100% | $7.5M | $47.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.340 | −0.155% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.370 | −0.123% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.484 | −0.001% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USDshort | +0.0100% | 1h | 93.475 | −0.011% | $475K | $2.4M | 20x | |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.370 | −0.123% | $79K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.367 | −0.127% | $16.2M | $7.7M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.524 | +0.042% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.401 | −0.090% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.413 | −0.077% | $18.3M | $43.6M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.410 | −0.080% | $4.9M | $5.4M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 94.180 | +0.744% | $31K | $339K | 12x | as long as short |
| HTX HYPE-USDT | +0.0194% | 4h | 93.600 | +0.123% | $1.4M | $5.9M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.559 | +0.079% | $3.2M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0256% | 1h | 93.426 | −0.063% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0279% | 8h | 93.460 | −0.027% | $1.9M | $4.9M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.429 | −0.059% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0382% | 1h | 93.477 | −0.008% | $7.4M | $4.4M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0682% | 1h | 93.474 | −0.012% | $20.8M | $29.8M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Bybit HYPEUSDT
Gate HYPE_USDT
Phoenix HYPE
MEXC HYPE_USDT
Bullet HYPE-USD
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD