Funding you earn now, next payment 07:00 UTC−0.0158%/8h= −17.3% APRnext payment −$0.20 per $10,000 · paid last 24h −0.014%
Price spread now: Bullet against SoDEX+0.057%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Funding, last 3 days (all we have)−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.057%, 7d avg +0.009%
=The price spread pays, funding is against you. Bullet is 0.048% dearer against SoDEX than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of +0.009%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 3 days (−0.018% in total) that is about 9.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX HYPE-USD | 94.174 | 0.0100 | pay 0.0013% / 1h | 25m 15s | $2.0M | $1.9M | 10x |
| Short | Bullet HYPE-USD | 94.228 | −0.0058 | pay 0.0007% / 1h | 25m 15s | $112K | $579K | 20x |
SoDEX HYPE-USD
Bullet HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against SoDEX. 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
- −$33.16
- Price spread: +0.057% → +0.009%
- $4.85
- Slippage, 4 orders
- −$10.98
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$55.29
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 4 min ago; Bullet: live order book, 19 min ago.
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 SoDEX live order book, 4 min ago | 0.37 bp | 6.3 bp −$6 | 13.3 bp −$133 | 96.9 bp −$9,692 | doesn't fit |
| Sell Bullet live order book, 19 min ago | 0.43 bp | 8.3 bp −$8 | 13.3 bp −$133 | doesn't fit | doesn't fit |
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 | −0.1024% | 1h | 93.809 | −0.387% | $199K | $238K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0211% | 1h | 93.708 | −0.495% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.207 | +0.035% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0062% | 1h | 94.170 | −0.004% | $705K | $1.2M | 10x | as long as short |
| Bullet HYPE-USDshort | −0.0058% | 1h | 94.228 | +0.057% | $112K | $579K | 20x | |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 94.240 | +0.070% | $86K | $368K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0017% | 4h | 94.155 | −0.020% | $146K | $683K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.880 | −0.313% | $129K | $26K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.227 | +0.056% | $20K | $290K | 10x | as long as short |
| Bybit HYPEUSDT | +0.0002% | 8h | 94.152 | −0.023% | $318.1M | $288.3M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
Bybit 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 −0.0001% | 1h | 94.048 | −0.133% | $83K | — | 150x | as long as short |
| Derive HYPE-PERP | +0.0007% | 1h | 93.302 | −0.926% | $16.2M | $7.5M | 10x | as long as short |
| Bluefin HYPE-PERP | +0.0010% | 1h | 94.183 | +0.010% | $80K | $156K | 20x | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 93.715 | −0.487% | $209K | $1.1M | 10x | as long as short |
| BingX HYPE-USDT | +0.0020% | 4h | 94.152 | −0.023% | — | $53.6M | — | as long as short |
| Bitget HYPEUSDT | +0.0052% | 4h | 94.170 | −0.004% | $226.8M | $99.5M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0058% | 8h | 94.140 | −0.036% | $12.8M | $2.8M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0078% | 8h | 94.266 | +0.097% | $337K | $161K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0080% | 4h | 93.620 | −0.588% | $5.0M | $30.5M | 30x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 94.180 | +0.006% | $1.0M | $4.0M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.191 | +0.018% | $16.3M | $64.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.201 | +0.029% | $3.2M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.198 | +0.025% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.210 | +0.038% | $21K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.208 | +0.037% | $7.5M | $50.6M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.269 | +0.101% | $2.07B | $691.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.247 | +0.078% | $8.9M | $37.1M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.236 | +0.065% | $10.2M | $15.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.224 | +0.053% | $377.0M | $931.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.152 | −0.023% | $116.2M | $316.9M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.216 | +0.045% | $48.9M | $55.9M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.170 | −0.004% | $89.4M | $84.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.194 | +0.021% | $46.6M | $18.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.193 | +0.020% | $7.2M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.009 | −0.176% | $28.9M | $56.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.696 | −0.508% | $7.6M | $48.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.663 | −0.543% | $357K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.643 | −0.564% | $678K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.227 | +0.056% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.242 | +0.072% | $473K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.232 | +0.062% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USDlong | +0.0100% | 1h | 94.174 | long leg | $2.0M | $1.9M | 10x | |
| HTX HYPE-USDT | +0.0100% | 4h | 94.335 | +0.171% | $1.4M | $6.7M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.438 | −0.781% | $216K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.142 | −0.034% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.245 | +0.075% | $398K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0105% | 8h | 94.251 | +0.082% | $1.8M | $5.6M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 94.200 | +0.028% | $4.7M | $6.2M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0151% / S +0.0022% | 1h | 93.681 | −0.523% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0185% | 1h | 94.264 | +0.096% | $7.5M | $4.3M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.100 | −0.079% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0272% | 1h | 93.879 | −0.313% | $77K | $129K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.202 | +0.030% | $17.0M | $12.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0413% | 1h | 94.258 | +0.089% | $21.0M | $29.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.935 | −0.253% | $3.2M | $6.3M | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERP
Bluefin HYPE-PERP
Phoenix HYPE
BingX HYPE-USDT
Bitget HYPEUSDT
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Arcus HYPE-USD
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC