Funding you earn now, next payment 01:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.23 per $10,000 · paid last 24h −0.044%
Price spread now: Ondo Perps against Phoenix−0.075%48s7-day average −0.108% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.389%−$39 on $10k
+Price spread, last 7 days−0.375%−$38 · spread now −0.075%, 7d avg −0.108%
=Together, before fees−0.764%+ Points / potential airdropOndo Perps: Active · farm board−$76 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.033% dearer against Phoenix than usual: you sell high and buy low (spread −0.075% now, against its 7-day average of −0.108%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix HYPE | 93.190 | 0.0060 | pay 0.0007% / 1h | 44m 02s | $212K | $1.2M | 10x |
| Short | Ondo Perps HYPE-USD.P | 93.120 | −0.0128 | pay 0.0016% / 1h | 44m 02s | $698K | $976K | 10x |
Phoenix HYPE
Ondo Perps HYPE-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Phoenix. 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
- −$39.47
- Price spread: −0.075% → −0.108%
- $3.26
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$48.21
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 4 min ago; Ondo Perps: 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 Phoenix live order book, 4 min ago | 1.18 bp | 5.7 bp −$6 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | −0.1008% | 1h | 93.199 | +0.009% | $196K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.123 | −0.072% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0171% | 1h | 93.328 | +0.148% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.Pshort | −0.0128% | 1h | 93.120 | −0.075% | $698K | $976K | 10x | |
| Backpack HYPE_USDC_PERP | −0.0106% | 1h | 93.338 | +0.159% | $7.8M | $10.4M | 20x | as long as short |
| Gate HYPE_USDT | −0.0090% | 4h | 93.348 | +0.170% | $44.2M | $54.0M | 75x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.300 | +0.118% | $84K | $361K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.214 | +0.026% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0054% | 4h | 93.305 | +0.123% | $156K | $652K | 20x | as long as short |
| Aster HYPEUSDT | −0.0034% | 4h | 93.342 | +0.163% | $8.9M | $36.3M | 300x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Backpack HYPE_USDC_PERP
Gate HYPE_USDT
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HYPEUSDT | −0.0031% | 8h | 93.331 | +0.151% | $12.7M | $2.7M | 50x | as long as short |
| Bluefin HYPE-PERP | −0.0009% | 1h | 93.343 | +0.164% | $79K | $173K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.239 | +0.052% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.319 | +0.139% | $22K | $333K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.350 | +0.172% | $26K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0007% | 8h | 93.370 | +0.193% | $319.4M | $283.3M | 75x | as long as short |
| BingX HYPE-USDT | +0.0018% | 4h | 93.349 | +0.171% | — | $54.3M | — | as long as short |
| Binance HYPEUSDT | +0.0041% | 4h | 93.365 | +0.188% | $379.9M | $905.3M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0042% | 4h | 93.362 | +0.185% | $88.1M | $82.4M | 100x | as long as short |
| Bullet HYPE-USD | +0.0047% | 1h | 93.299 | +0.117% | $112K | $579K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0059% | 4h | 93.354 | +0.176% | $5.1M | $30.0M | 30x | as long as short |
| Phoenix HYPElong | +0.0060% | 1h | 93.190 | long leg | $212K | $1.2M | 10x | |
| OKX HYPE-USDT-SWAP | +0.0064% | 8h | 93.362 | +0.185% | $115.1M | $315.6M | 50x | as long as short |
| Derive HYPE-PERP | +0.0065% | 1h | 93.316 | +0.135% | $16.2M | $7.6M | 10x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.370 | +0.193% | $397K | $177K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.371 | +0.194% | $16.4M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.361 | +0.183% | $3.1M | $11.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.294 | +0.112% | $65K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 93.271 | +0.086% | $339K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.290 | +0.107% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.305 | +0.124% | $6.6M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.435 | +0.263% | $2.04B | $675.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.269 | +0.085% | $10.0M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.404 | +0.229% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.380 | +0.204% | $46.0M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.363 | +0.186% | $225.9M | $100.7M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.241 | +0.054% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.420 | +0.247% | $7.5M | $47.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.381 | +0.205% | $337K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.282 | +0.099% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.312 | +0.131% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.306 | +0.124% | $467K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.280 | +0.097% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.356 | +0.178% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.320 | +0.140% | $18.4M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.260 | +0.075% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.130 | −0.064% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0175% | 4h | 93.407 | +0.233% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.298 | +0.116% | $2.7M | $6.7M | 20x | as long as short |
| HTX HYPE-USDT | +0.0249% | 4h | 93.500 | +0.333% | $1.4M | $6.1M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0254% | 1h | 93.281 | +0.097% | $79K | $142K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0259% | 8h | 93.383 | +0.207% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.329 | +0.149% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0585% | 1h | 93.470 | +0.300% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0682% | 1h | 93.444 | +0.272% | $20.8M | $30.0M | 50x | as long as short |
Phemex HYPEUSDT
Bluefin HYPE-PERP
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Binance HYPEUSDT
MEXC HYPE_USDT
Bullet HYPE-USD
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Aevo HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
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
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD