HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.025%

Price spread now: Coinbase International against Aevo+0.013%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.013%, 7d avg −0.035%

Together, before fees−0.119%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.048% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.112%, 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	Aevo HYPE-PERP	93.488	0.0104	pay 0.0013% / 1h	45m 29s	$398K	$318K	20x
Short	Coinbase International HYPE-PERP-INTX	93.500	0.0208	get 0.0026% / 1h	45m 29s	$4.9M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee Coinbase InternationalbpOrdersPrice spread, now +0.013%Rate

Funding earned: $21.84
Price spread: +0.013% → −0.035%: $4.77
Slippage, 4 orders: −$22.8
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$22.19
Costs to cover: 0.488%
Break-even: 14.1 days

Slippage from Aevo: live order book, 43 min ago; Coinbase International: live order book, 4 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 Aevo live order book, 43 min ago	6.65 bp	16.8 bp −$17	18.3 bp −$183	20.3 bp −$2,031	doesn't fit
Sell Coinbase International live order book, 4 min ago	2.14 bp	9.2 bp −$9	14.4 bp −$144	41.0 bp −$4,102	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	−0.1240%	1h	93.386	−0.109%	$197K	$233K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0202%	1h	93.330	−0.169%	$701K	$943K	10x	as long as short
Aftermath Perps HYPEUSD	−0.0175%	1h	93.418	−0.075%	$22K	$22K	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	93.422	−0.071%	$89K	$345K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.423	−0.070%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.504	+0.016%	$127K	$33K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.520	+0.034%	$1.9M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.434	−0.057%	$23K	$343K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.494	+0.006%	$19K	—	150x	as long as short
Aster HYPEUSDT	+0.0012%	4h	93.416	−0.077%	$8.9M	$36.1M	300x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Derive HYPE-PERP	+0.0017%	1h	93.397	−0.098%	$16.4M	$7.1M	10x	as long as short
Bullet HYPE-USD	+0.0020%	1h	93.455	−0.036%	$112K	$583K	20x	as long as short
Gate HYPE_USDT	+0.0022%	4h	93.408	−0.086%	$44.2M	$56.3M	75x	as long as short
Bybit HYPEUSDT	+0.0039%	8h	93.390	−0.105%	$325.3M	$287.9M	75x	as long as short
Phoenix HYPE	+0.0068%	1h	93.408	−0.086%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0075%	4h	93.462	−0.028%	$180K	$536K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.459	−0.032%	$18.5M	$59.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.441	−0.051%	$3.1M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.397	−0.098%	$56K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.440	−0.052%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.396	−0.098%	$6.0M	$44.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.482	−0.007%	$2.04B	$669.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.428	−0.064%	$10.0M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.415	−0.078%	$385.8M	$888.3M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.391	−0.104%	$114.8M	$315.4M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.396	−0.099%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.335	−0.164%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.407	−0.087%	$93.0M	$81.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.449	−0.042%	$46.3M	$19.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.416	−0.077%	$226.9M	$102.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.403	−0.091%	—	$54.3M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.475	−0.014%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.375	−0.121%	$28.8M	$49.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.445	−0.046%	$7.5M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.456	−0.034%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.481	−0.008%	$676K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.462	−0.028%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.447	−0.044%	$493K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.445	−0.046%	$76K	$169K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.496	+0.008%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.446	−0.045%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.429	−0.063%	$12.7M	$2.6M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.450	−0.041%	$339K	$171K	20x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.388	−0.108%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERPlong	+0.0104%	1h	93.488	long leg	$398K	$318K	20x
edgeX HYPEUSDC	+0.0107%	4h	93.435	−0.057%	$5.1M	$29.5M	30x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0208%	1h	93.500	+0.013%	$4.9M	$5.7M	50x
Reya HYPERUSDPERP	+0.0245%	1h	93.404	−0.090%	$77K	$157K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.360	−0.137%	$30K	$231K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0285%	1h	93.552	+0.068%	$7.4M	$4.6M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.499	+0.011%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.408	−0.086%	$17.1M	$12.5M	75x	as long as short
HTX HYPE-USDT	+0.0388%	4h	93.628	+0.149%	$1.5M	$7.6M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.474	−0.015%	$2.7M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0573%	1h	93.537	+0.052%	$19.2M	$25.8M	50x	as long as short