Funding you earn now, next payment 10:00 UTC+0.0122%/8h= +13.3% APRpaid last 24h −0.047%
Price spread now: Orderly against Polymarket Perps−0.086%7-day average −0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.125%−$12 on $10k
+Price spread, last 4 days (all we have)−0.136%−$14 · spread now −0.086%, 7d avg −0.009%
=Funding pays, the price is against you. Orderly is 0.077% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.009%). If the spread goes back, that is −$8 on $10k: about 2.1 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.125%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps HYPE-USD | 94.911 | −0.0131 | get 0.0016% / 1h | 54m 34s | $499K | $2.6M | 20x |
| Short | Orderly PERP_HYPE_USDC | 94.829 | −0.0009 | pay 0.0004% / 4h | 2h 54m | $148K | $665K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Polymarket Perps. 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
- $25.56
- Price spread: −0.086% → −0.009%
- −$7.74
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $3.81
- Costs to cover
- 0.140%
- Break-even
- 6.0 days
Slippage unknown: Polymarket Perps: live order book, 4 min ago; Orderly: 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 Polymarket Perps live order book, 4 min ago | 2.42 bp | 8.4 bp −$8 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin HYPE-PERP | −0.1149% | 1h | 94.813 | −0.103% | $78K | $147K | 20x | as long as short |
| Hibachi HYPE/USDT-P | −0.1112% | 1h | 94.880 | −0.033% | $211K | $265K | 7x | as long as short |
| Bullet HYPE-USD | −0.0525% | 1h | 94.843 | −0.072% | $113K | $580K | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | −0.0377% | 1h | 94.828 | −0.087% | $18.8M | $35.8M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0365% | 1h | 94.650 | −0.275% | $694K | $1.3M | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0248% | 1h | 94.739 | −0.181% | $90K | $353K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0189% | 1h | 95.095 | +0.194% | $22K | $19K | 10x | as long as short |
| Arcus HYPE-USD | −0.0159% | 1h | 94.711 | −0.211% | $1.0M | $3.0M | 10x | as long as short |
| Polymarket Perps HYPE-USDlong | −0.0131% | 1h | 94.911 | long leg | $499K | $2.6M | 20x | |
| Phemex HYPEUSDT | −0.0115% | 8h | 94.853 | −0.061% | $12.9M | $2.8M | 50x | as long as short |
Show all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPE_USDT | −0.0096% | 4h | 94.735 | −0.185% | $53.3M | $54.0M | 75x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.768 | −0.151% | $3K | $331 | 25x | as long as short |
| Vest HYPE-PERP | −0.0056% | 1h | 94.952 | +0.043% | — | $88K | 5x | as long as short |
| SoDEX HYPE-USD | −0.0031% | 1h | 94.815 | −0.101% | $2.1M | $1.3M | 10x | as long as short |
| Coinbase International HYPE-PERP-INTX | −0.0024% | 1h | 94.850 | −0.064% | $4.7M | $5.7M | 50x | as long as short |
| Bybit HYPEUSDT | −0.0010% | 8h | 94.750 | −0.170% | $318.9M | $280.3M | 75x | as long as short |
| Orderly PERP_HYPE_USDCshort | −0.0009% | 4h | 94.829 | −0.086% | $148K | $665K | 20x | |
| BingX HYPE-USDT | −0.0008% | 4h | 94.753 | −0.166% | — | $50.5M | — | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.734 | −0.186% | $130K | $93K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 94.919 | +0.008% | $1.8M | $5.2M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.870 | −0.043% | $19K | $271K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 95.100 | +0.199% | $86K | — | 150x | as long as short |
| Phoenix HYPE | +0.0008% | 1h | 95.043 | +0.139% | $203K | $1.0M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0024% | 8h | 94.745 | −0.175% | $118.3M | $317.8M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0034% | 8h | 94.774 | −0.145% | $339K | $38K | 20x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0035% | 1h | 94.919 | +0.008% | $7.5M | $4.3M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0050% | 4h | 94.759 | −0.160% | $227.9M | $92.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0052% | 1h | 94.727 | −0.194% | $7.3M | $10.3M | 20x | as long as short |
| Aster HYPEUSDT | +0.0057% | 4h | 94.720 | −0.201% | $9.0M | $36.2M | 300x | as long as short |
| Lighter RH HYPE | +0.0072% | 1h | 94.726 | −0.195% | $3.2M | $9.9M | 20x | as long as short |
| Lighter HYPE | +0.0080% | 1h | 94.708 | −0.214% | $16.2M | $60.4M | 20x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 94.942 | +0.032% | $5.0M | $30.9M | 30x | as long as short |
| Bulk HYPE-USD | +0.0094% | 1h | 94.986 | +0.080% | $221K | $14K | 10x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.755 | −0.164% | $267K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.760 | −0.159% | $41K | $1.5M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.873 | −0.041% | $7.3M | $55.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.950 | +0.041% | $2.10B | $672.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.765 | −0.154% | $10.2M | $14.0M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.731 | −0.190% | $380.7M | $904.0M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.718 | −0.203% | $87.5M | $85.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.705 | −0.217% | $47.3M | $18.2M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.956 | +0.048% | $29.9M | $55.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 95.006 | +0.100% | $7.7M | $43.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.921 | +0.011% | $348K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 95.007 | +0.101% | $691K | $2.7M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.762 | −0.157% | $32K | $1.5M | 20x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.981 | +0.074% | $1.4M | $6.7M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.708 | −0.214% | $18.3M | $41.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 95.020 | +0.115% | $402K | $136K | 20x | as long as short |
| RISEx HYPE/USDC | +0.0166% | 1h | 94.777 | −0.141% | $3.2M | $6.2M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0271% | 1h | 94.849 | −0.065% | $86K | $93K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0155% | 1h | 94.919 | +0.008% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.754 | −0.165% | $17.2M | $12.2M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0850% | 1h | 95.480 | +0.600% | $31K | $335K | 12x | as long as short |
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Bullet HYPE-USD
Kraken Futures PF_HYPEUSD
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Phemex HYPEUSDT
Gate HYPE_USDT
SoDEX HYPE-USD
Coinbase International HYPE-PERP-INTX
Bybit HYPEUSDT
BingX HYPE-USDT
Kalshi KXHYPEPERP
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
OKX HYPE-USDT-SWAP
Paradex HYPE-USD-PERP
Deribit HYPE_USDC-PERPETUAL
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Aster HYPEUSDT
Lighter RH HYPE
Lighter HYPE
edgeX HYPEUSDC
Bulk HYPE-USD
Popdex HYPEUSDT
Katana Perps HYPE-USD
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Extended HYPE-USD
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Injective HYPE/USDC PERP