Funding you earn now, next payment 06:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.001%
Price spread now: dYdX against 01 Exchange+0.037%54s7-day average −0.029% · 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—prices read too far apart to compare
costs, in and out, $10k−$960.960% of the position
Funding, last 4 days (all we have)−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.037%, 7d avg −0.029%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and dYdX is 0.065% dearer against 01 Exchange than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.029%. The two prices were read 54 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 | 01 Exchange HYPEUSD | 93.261 | −0.0016 | get 0.0002% / 1h | 29m 45s | $87K | $366K | 20x |
| Short | dYdX HYPE-USD | 93.295 | 0 | get 0.0000% / 1h | 29m 45s | $128K | $29K | 5x |
01 Exchange HYPEUSD
dYdX HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against 01 Exchange. 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
- $3.36
- Price spread: +0.037% → −0.029%
- $6.51
- Slippage, 4 orders
- −$79.04
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$86.16
- Costs to cover
- 0.960%
- Break-even
- 186.5 days
Slippage from 01 Exchange: live order book, 19 min ago; dYdX: 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 01 Exchange live order book, 19 min ago | 0.37 bp | 6.8 bp −$7 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 19 min ago | 36.06 bp | 41.1 bp −$41 | 83.6 bp −$836 | 187.7 bp −$18.8K | 1256.5 bp −$628.3K |
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 | −0.1568% | 1h | 93.135 | −0.135% | $196K | $234K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0361% | 1h | 93.251 | −0.011% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.195 | −0.071% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0059% | 1h | 93.242 | −0.020% | $110K | $578K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0022% | 4h | 93.227 | −0.036% | $146K | $662K | 20x | as long as short |
| 01 Exchange HYPEUSDlong | −0.0016% | 1h | 93.261 | long leg | $87K | $366K | 20x | |
| dYdX HYPE-USDshort | 0.0000% | 1h | 93.295 | +0.037% | $128K | $29K | 5x | |
| Perpl HYPE | 0.0000% | 43m | 93.204 | −0.062% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.258 | −0.003% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.184 | −0.083% | $1.0M | $4.0M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDT | +0.0016% | 4h | 93.255 | −0.006% | $225.3M | $99.0M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0019% | 8h | 93.214 | −0.050% | $316.6M | $282.9M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0026% | 1h | 93.170 | −0.098% | $702K | $1.2M | 10x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.263 | +0.002% | $207K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0054% | 8h | 93.297 | +0.039% | $12.6M | $2.7M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0088% | 4h | 93.175 | −0.092% | $5.0M | $30.0M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 93.281 | +0.021% | $339K | $160K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.248 | −0.014% | $16.1M | $63.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.242 | −0.020% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.232 | −0.031% | $75K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.170 | −0.098% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.228 | −0.035% | $8.0M | $48.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.311 | +0.054% | $2.03B | $669.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.233 | −0.030% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.269 | +0.009% | $10.0M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.264 | +0.003% | $373.7M | $912.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.224 | −0.040% | $114.4M | $309.2M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.230 | −0.033% | $215K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.269 | +0.009% | $46.7M | $54.3M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.239 | −0.024% | $91.0M | $81.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.240 | −0.023% | $46.1M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.283 | +0.024% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.324 | +0.068% | $7.3M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.131 | −0.140% | $28.5M | $56.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.218 | −0.046% | $7.5M | $47.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.165 | −0.103% | $342K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.217 | −0.047% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.286 | +0.026% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.252 | −0.010% | $483K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.240 | −0.023% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.233 | −0.030% | $16.1M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.204 | −0.061% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.275 | +0.015% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.341 | +0.086% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.257 | −0.004% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.278 | +0.019% | $394K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0106% | 8h | 93.313 | +0.056% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.120 | −0.151% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.210 | −0.055% | $4.6M | $5.8M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0269% | 1h | 93.231 | −0.032% | $80K | $127K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.258 | −0.003% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.160 | −0.108% | $16.9M | $11.9M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0341% | 1h | 93.323 | +0.066% | $20.8M | $29.6M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0511% | 1h | 93.361 | +0.107% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.276 | +0.016% | $3.2M | $6.3M | 20x | as long as short |
Bitget HYPEUSDT
Bybit HYPEUSDT
Ondo Perps HYPE-USD.P
Phoenix HYPE
Phemex HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
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
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC