Funding you earn now, next payment 22:03 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.020%
Price spread now: Perpl against Phemex−0.085%7-day average −0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 3 days (all we have)+0.155%+$16 · spread now −0.085%, 7d avg −0.010%
=Together, before fees+0.002%+ Points / potential airdropPerpl: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.076% cheaper against Phemex than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex HYPEUSDT | 93.331 | 0.0100 | pay 0.0100% / 8h | 1h 14m | $12.7M | $2.6M | 50x |
| Short | Perpl HYPE | 93.251 | 0 | get 0.0000% / 43m | 27m 06s | $23K | $330K | 10x |
Phemex HYPEUSDT
Perpl HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl against Phemex. 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: −0.085% → −0.010%
- −$7.55
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$54.35
- Costs to cover
- 0.258%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 5 min ago; Perpl: no order-book sample. 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 Phemex live order book, 5 min ago | 3.91 bp | 17.4 bp −$17 | 33.0 bp −$330 | doesn't fit | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0441% | 1h | 93.211 | −0.128% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0352% | 1h | 93.222 | −0.116% | $197K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.205 | −0.135% | $1.2M | $4.0M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0123% | 1h | 93.210 | −0.130% | $699K | $932K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.272 | −0.063% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 93.292 | −0.042% | $90K | $361K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.278 | −0.057% | $127K | $32K | 5x | as long as short |
| Popdex HYPEUSDT | 0.0000% | 1h | 93.260 | −0.076% | $58K | $1.2M | 50x | as long as short |
| Perpl HYPEshort | 0.0000% | 43m | 93.251 | −0.085% | $23K | $330K | 10x | |
| Aster HYPEUSDT | +0.0001% | 4h | 93.377 | +0.049% | $8.9M | $35.9M | 300x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
dYdX HYPE-USD
Popdex HYPEUSDT
Aster HYPEUSDTShow 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 | 93.336 | +0.006% | $27K | — | 150x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0020% | 4h | 93.329 | −0.002% | $172K | $517K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0023% | 8h | 93.377 | +0.049% | $323.5M | $285.5M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.249 | −0.088% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0035% | 1h | 93.304 | −0.029% | $112K | $578K | 20x | as long as short |
| Derive HYPE-PERP | +0.0047% | 1h | 93.269 | −0.067% | $16.3M | $7.0M | 10x | as long as short |
| Gate HYPE_USDT | +0.0064% | 4h | 93.393 | +0.066% | $44.0M | $58.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0064% | 4h | 93.403 | +0.077% | $90.3M | $82.3M | 100x | as long as short |
| Binance HYPEUSDT | +0.0065% | 4h | 93.393 | +0.066% | $382.3M | $894.6M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.171 | −0.171% | $5.1M | $29.7M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.415 | +0.090% | $18.6M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.397 | +0.071% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.331 | 0.000% | $397K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.282 | −0.053% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.240 | −0.098% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.255 | −0.081% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.421 | +0.096% | $2.03B | $669.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.293 | −0.041% | $10.0M | $14.4M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.372 | +0.044% | $114.3M | $314.1M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.232 | −0.106% | $204K | $8K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.352 | +0.023% | $47.0M | $18.7M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.391 | +0.064% | $226.5M | $103.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.396 | +0.070% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.400 | +0.074% | $7.9M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.203 | −0.137% | $29.0M | $50.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.199 | −0.141% | $7.5M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.153 | −0.191% | $414K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.206 | −0.134% | $674K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.284 | −0.050% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.293 | −0.041% | $493K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.336 | +0.005% | $76K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.353 | +0.024% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.354 | +0.025% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDTlong | +0.0100% | 8h | 93.331 | long leg | $12.7M | $2.6M | 50x | |
| Extended HYPE-USD | +0.0104% | 1h | 93.367 | +0.039% | $18.2M | $41.7M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0117% | 8h | 93.425 | +0.101% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.410 | +0.085% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0231% | 4h | 93.500 | +0.181% | $1.5M | $7.7M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.140 | −0.205% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.257 | −0.079% | $77K | $159K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0260% | 4h | 93.211 | −0.129% | $16.8M | $12.4M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.325 | −0.006% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.313 | −0.019% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0435% | 1h | 93.459 | +0.137% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.493 | +0.174% | $20.9M | $29.0M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Phoenix HYPE
Bullet HYPE-USD
Derive HYPE-PERP
Gate HYPE_USDT
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
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
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD