HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against Aevo+0.044%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.044%, 7d avg +0.037%

Together, before fees−0.018%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	94.049	0.0088	pay 0.0011% / 1h	15m 03s	$400K	$180K	20x
Short	Lighter HYPE	94.091	0.0096	get 0.0012% / 1h	15m 03s	$19.1M	$60.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.044%Rate

Funding earned: $1.68
Price spread: +0.044% → +0.037%: $0.71
Slippage, 4 orders: −$13.94
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$27.56
Costs to cover: 0.299%
Break-even: 121.8 days

Slippage from Aevo: live order book, 59 min ago; Lighter: 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, 59 min ago	2.31 bp	12.0 bp −$12	16.4 bp −$164	20.8 bp −$2,076	doesn't fit
Sell Lighter live order book, 4 min ago	0.23 bp	0.6 bp −$1	3.9 bp −$39	14.5 bp −$1,448	47.5 bp −$23.7K

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	−0.1256%	1h	93.810	−0.254%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.914	−0.144%	$1.3M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0197%	1h	93.894	−0.165%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0124%	1h	93.940	−0.116%	$708K	$960K	10x	as long as short
Phemex HYPEUSDT	−0.0123%	8h	94.039	−0.011%	$12.8M	$2.6M	50x	as long as short
dYdX HYPE-USD	−0.0101%	1h	94.003	−0.049%	$129K	$31K	5x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	94.057	+0.008%	$85K	$361K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.002	−0.050%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0075%	1h	94.032	−0.019%	$113K	$581K	20x	as long as short
Gate HYPE_USDT	−0.0036%	4h	94.051	+0.002%	$44.5M	$60.2M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0027%	4h	94.014	−0.038%	$160K	$646K	20x	as long as short
Bybit HYPEUSDT	−0.0008%	8h	94.047	−0.002%	$323.7M	$280.9M	75x	as long as short
Perpl HYPE	0.0000%	43m	94.034	−0.016%	$23K	$326K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.055	+0.006%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0008%	4h	94.052	+0.003%	$8.9M	$36.2M	300x	as long as short
Derive HYPE-PERP	+0.0017%	1h	93.989	−0.064%	$16.4M	$7.3M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.678	−0.395%	$218K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0042%	4h	94.083	+0.036%	$88.7M	$83.2M	100x	as long as short
Binance HYPEUSDT	+0.0045%	4h	94.079	+0.031%	$383.7M	$895.9M	75x	as long as short
edgeX HYPEUSDC	+0.0062%	4h	93.602	−0.475%	$5.1M	$30.1M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0075%	8h	94.067	+0.019%	$116.2M	$317.5M	50x	as long as short
Aevo HYPE-PERPlong	+0.0088%	1h	94.049	long leg	$400K	$180K	20x
Lighter HYPEshort	+0.0096%	1h	94.091	+0.044%	$19.1M	$60.1M	20x
Lighter RH HYPE	+0.0096%	1h	94.083	+0.036%	$3.0M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.042	−0.008%	$65K	$1.2M	50x	as long as short
Bluefin HYPE-PERP	+0.0096%	1h	94.042	−0.008%	$76K	$171K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.057	+0.008%	$342K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.000	−0.052%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.993	−0.059%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.102	+0.056%	$2.05B	$676.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.034	−0.016%	$10.2M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.528	−0.554%	$204K	$12K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.071	+0.023%	$46.7M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.069	+0.021%	$227.9M	$101.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.057	+0.008%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.064	+0.016%	$7.7M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.810	−0.254%	$31.4M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.614	−0.463%	$7.5M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.656	−0.418%	$339K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.843	−0.219%	$670K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.020	−0.031%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.076	+0.028%	$476K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.142	+0.099%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.076	+0.028%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.048	−0.002%	$18.4M	$45.4M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.060	+0.011%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0181%	4h	94.072	+0.024%	$17.1M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.469%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.061	+0.013%	$2.7M	$6.8M	20x	as long as short
Kalshi KXHYPEPERP	+0.0227%	8h	94.094	+0.048%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0252%	1h	94.045	−0.004%	$79K	$143K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0335% / S −0.0156%	1h	94.060	+0.011%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0379%	4h	94.200	+0.160%	$1.5M	$6.0M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0622%	1h	94.165	+0.123%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0671%	1h	94.160	+0.118%	$21.0M	$29.8M	50x	as long as short