Funding you earn now, next payment 03:48 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.021%
Price spread now: Variational Omni against Perpl−0.208%7-day average −0.032% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.208%, 7d avg −0.032%
=Together, before fees+0.097%+ Points / potential airdropPerpl: Active · Variational Omni: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.176% cheaper against Perpl than usual: you would sell low and buy high (spread −0.208% now, against its 7-day average of −0.032%). If the spread goes back, that is −$18 on $10k: about 5.9 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 92.902 | 0 | get 0.0000% / 43m | 8m 15s | $22K | $301K | 10x |
| Short | Variational Omni HYPE | 92.709 | 0.0100 | get 0.0100% / 8h | 3h 54m | $28.4M | $57.4M | — |
Perpl HYPE
Variational Omni HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: −0.208% → −0.032%
- −$17.56
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$10.36
- Costs to cover
- 0.138%
- Break-even
- 10.5 days
Slippage unknown: Perpl: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 5 min ago | 0.44 bp | doesn't fit | 6.3 bp −$63 | 21.9 bp −$2,188 | 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 | −0.0528% | 1h | 92.732 | −0.183% | $193K | $228K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0264% | 1h | 92.838 | −0.068% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.917 | +0.017% | $1.1M | $3.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | −0.0091% | 1h | 92.784 | −0.127% | $350K | $1.0M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.941 | +0.042% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0064% | 4h | 92.874 | −0.030% | $44.5M | $53.6M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0063% | 4h | 92.800 | −0.109% | $157K | $653K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.965 | +0.069% | $127K | $29K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 92.977 | +0.081% | $1.8M | $5.4M | 2.3x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 92.902 | long leg | $22K | $301K | 10x |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
ApeX Omni HYPEUSDT
Hotstuff HYPE-PERP
Gate HYPE_USDT
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERPShow 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 | 92.892 | −0.010% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0030% | 8h | 92.815 | −0.093% | $12.5M | $2.7M | 50x | as long as short |
| Bybit HYPEUSDT | +0.0038% | 8h | 92.820 | −0.088% | $316.2M | $281.9M | 75x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.888 | −0.015% | $210K | $1.2M | 10x | as long as short |
| 01 Exchange HYPEUSD | +0.0056% | 1h | 92.963 | +0.066% | $87K | $362K | 20x | as long as short |
| Aster HYPEUSDT | +0.0072% | 4h | 92.919 | +0.018% | $8.7M | $36.2M | 300x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0082% | 1h | 92.800 | −0.109% | $697K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0082% | 4h | 92.839 | −0.067% | $224.8M | $98.8M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0088% | 4h | 92.755 | −0.158% | $4.9M | $29.5M | 30x | as long as short |
| Bullet HYPE-USD | +0.0093% | 1h | 92.864 | −0.040% | $111K | $579K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.859 | −0.046% | $16.0M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.863 | −0.042% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.926 | +0.026% | $69K | $1.1M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 92.967 | +0.071% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.920 | +0.020% | $39K | $1.7M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.830 | −0.077% | $113.9M | $304.0M | 50x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.915 | +0.015% | $7.5M | $45.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.924 | +0.024% | $2.02B | $663.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.969 | +0.072% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.901 | −0.001% | $373.6M | $903.3M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.942 | +0.043% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.879 | −0.024% | $88.1M | $79.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.949 | +0.051% | $46.2M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.869 | −0.035% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.969 | +0.073% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPEshort | +0.0100% | 8h | 92.709 | −0.208% | $28.4M | $57.4M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.766 | −0.146% | $7.5M | $46.3M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.833 | −0.074% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.939 | +0.041% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.950 | +0.052% | $469K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.833 | −0.074% | $79K | $168K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.811 | −0.098% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.937 | +0.038% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.827 | −0.080% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.995 | +0.101% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.799 | −0.110% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.826 | −0.081% | $392K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.010 | +0.117% | $4.7M | $5.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.913 | +0.012% | $20.6M | $30.4M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 92.760 | −0.152% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0264% | 1h | 92.865 | −0.040% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.880 | −0.023% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.910 | +0.009% | $16.8M | $11.7M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0375% | 1h | 92.922 | +0.022% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 93.010 | +0.117% | $3.2M | $6.4M | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
Phemex HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
01 Exchange HYPEUSD
Aster HYPEUSDT
Ondo Perps HYPE-USD.P
Bitget HYPEUSDT
edgeX HYPEUSDC
Bullet HYPE-USD
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
OKX HYPE-USDT-SWAP
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC