Funding you earn now, next payment 23:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.026%
Price spread now: Extended against 01 Exchange−0.097%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$180.175% of the position
Funding, last 3 days (all we have)+0.035%+$4 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.097%, 7d avg −0.073%
=Together, before fees−0.024%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.024% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of −0.073%). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.035% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange HYPEUSD | 93.259 | −0.0032 | get 0.0004% / 1h | 19m 26s | $90K | $361K | 20x |
| Short | Extended HYPE-USD | 93.168 | 0.0104 | get 0.0013% / 1h | 19m 26s | $18.2M | $42.0M | 50x |
01 Exchange HYPEUSD
Extended HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $28.56
- Price spread: −0.097% → −0.073%
- −$2.38
- Slippage, 4 orders
- −$5.5
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $8.68
- Costs to cover
- 0.175%
- Break-even
- 4.9 days
Slippage from 01 Exchange: live order book, 65 min ago; Extended: live order book, 5 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, 65 min ago | 0.05 bp | 6.3 bp −$6 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 0.05 bp | 2.6 bp −$3 | 3.9 bp −$39 | 22.8 bp −$2,282 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0431% | 1h | 93.140 | −0.128% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0336% | 1h | 93.216 | −0.047% | $197K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.133 | −0.135% | $1.2M | $4.0M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0130% | 1h | 93.130 | −0.138% | $699K | $928K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.198 | −0.065% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSDlong | −0.0032% | 1h | 93.259 | long leg | $90K | $361K | 20x | |
| Popdex HYPEUSDT | −0.0008% | 1h | 93.221 | −0.041% | $58K | $1.2M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.276 | +0.018% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.227 | −0.034% | $23K | $331K | 10x | as long as short |
| Aster HYPEUSDT | +0.0001% | 4h | 93.224 | −0.037% | $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
Popdex HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
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 −0.0001% | 1h | 93.266 | +0.008% | $20K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0021% | 8h | 93.210 | −0.053% | $322.9M | $286.9M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0021% | 4h | 93.242 | −0.018% | $172K | $518K | 20x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.293 | +0.036% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0045% | 1h | 93.212 | −0.050% | $112K | $579K | 20x | as long as short |
| Derive HYPE-PERP | +0.0047% | 1h | 93.185 | −0.079% | $16.3M | $7.0M | 10x | as long as short |
| Gate HYPE_USDT | +0.0054% | 4h | 93.235 | −0.026% | $43.9M | $58.6M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0066% | 4h | 93.242 | −0.018% | $90.3M | $82.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0067% | 4h | 93.237 | −0.024% | $381.9M | $895.5M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0079% | 4h | 93.210 | −0.053% | $5.1M | $29.7M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.231 | −0.031% | $18.6M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.238 | −0.023% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.227 | −0.034% | $397K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.203 | −0.060% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.170 | −0.095% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.216 | −0.046% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.271 | +0.013% | $2.03B | $669.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.208 | −0.055% | $10.0M | $14.4M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.214 | −0.048% | $113.9M | $314.3M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.232 | −0.029% | $204K | $8K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.268 | +0.010% | $47.0M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.243 | −0.017% | $226.0M | $103.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.240 | −0.020% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.203 | −0.060% | $7.8M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.153 | −0.113% | $29.0M | $50.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.258 | −0.001% | $7.5M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.262 | +0.003% | $415K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.227 | −0.034% | $674K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.268 | +0.010% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.253 | −0.006% | $493K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.243 | −0.017% | $76K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.210 | −0.053% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.175 | −0.090% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.170 | −0.095% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USDshort | +0.0104% | 1h | 93.168 | −0.097% | $18.2M | $42.0M | 50x | |
| Kalshi KXHYPEPERP | +0.0113% | 8h | 93.301 | +0.045% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.220 | −0.042% | $4.9M | $5.7M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.120 | −0.149% | $30K | $338K | 12x | as long as short |
| HTX HYPE-USDT | +0.0239% | 4h | 93.374 | +0.123% | $1.5M | $7.7M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.241 | −0.019% | $77K | $159K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0257% | 4h | 93.255 | −0.004% | $16.9M | $12.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.247 | −0.013% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.259 | 0.000% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0383% | 1h | 93.322 | +0.068% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0466% | 1h | 93.289 | +0.032% | $20.9M | $29.0M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
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
Phemex HYPEUSDT
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
Reya HYPERUSDPERP
BloFin HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD