HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter RH against Aevo+0.021%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Aevo Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 3 days (all we have)+0.119%+$12 · spread now +0.021%, 7d avg +0.013%

Together, before fees+0.043%+ Points / potential airdropLighter RH: Points live · farm board+$4 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	93.611	0.0104	pay 0.0013% / 1h	26m 47s	$398K	$318K	20x
Short	Lighter RH HYPE	93.630	0.0096	get 0.0012% / 1h	26m 47s	$3.1M	$12.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$1.68
Price spread: +0.021% → +0.013%: $0.74
Slippage, 4 orders: −$19.14
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$36.09
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Aevo: live order book, 62 min ago; Lighter RH: live order book, 2 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, 62 min ago	6.65 bp	16.8 bp −$17	18.3 bp −$183	20.3 bp −$2,031	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.23 bp	1.5 bp −$1	2.4 bp −$24	27.1 bp −$2,713	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	−0.1016%	1h	93.493	−0.126%	$197K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0279%	1h	93.540	−0.076%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0252%	1h	93.510	−0.108%	$701K	$940K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.557	−0.057%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	93.582	−0.031%	$90K	$349K	20x	as long as short
Bullet HYPE-USD	−0.0037%	1h	93.584	−0.029%	$112K	$583K	20x	as long as short
Derive HYPE-PERP	−0.0009%	1h	93.553	−0.062%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.563	−0.051%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.583	−0.030%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.631	+0.021%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0019%	4h	93.625	+0.015%	$9.0M	$35.8M	300x	as long as short
Gate HYPE_USDT	+0.0024%	4h	93.612	+0.001%	$44.0M	$56.9M	75x	as long as short
Bybit HYPEUSDT	+0.0036%	8h	93.634	+0.025%	$326.1M	$286.8M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0067%	4h	93.598	−0.014%	$175K	$535K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.590	−0.022%	$216K	$1.2M	10x	as long as short
Popdex HYPEUSDT	+0.0072%	1h	93.561	−0.053%	$57K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.651	+0.043%	$18.6M	$59.6M	20x	as long as short
Lighter RH HYPEshort	+0.0096%	1h	93.630	+0.021%	$3.1M	$12.3M	20x
Paradex HYPE-USD-PERP	+0.0100%	8h	93.568	−0.046%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.580	−0.033%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.559	−0.055%	$6.0M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.690	+0.085%	$2.04B	$669.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.576	−0.037%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.630	+0.021%	$386.3M	$887.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.640	+0.031%	$115.0M	$315.6M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.536	−0.080%	$1.2M	$4.0M	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.610	−0.001%	$93.6M	$82.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.629	+0.020%	$46.5M	$18.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.684	+0.078%	$227.6M	$102.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.619	+0.009%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.644	+0.036%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.541	−0.075%	$28.9M	$49.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.580	−0.033%	$7.5M	$45.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.558	−0.056%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.586	−0.026%	$677K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.595	−0.017%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.614	+0.004%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.635	+0.026%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.601	−0.010%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.596	−0.016%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.601	−0.010%	$12.8M	$2.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.556	−0.058%	$204K	$12K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.604	−0.007%	$18.3M	$41.1M	50x	as long as short
Aevo HYPE-PERPlong	+0.0104%	1h	93.611	long leg	$398K	$318K	20x
edgeX HYPEUSDC	+0.0116%	4h	93.544	−0.072%	$5.1M	$29.6M	30x	as long as short
Kalshi KXHYPEPERP	+0.0127%	8h	93.658	+0.051%	$1.9M	$5.3M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0134%	1h	93.693	+0.088%	$7.4M	$4.6M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.640	+0.031%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.563	−0.051%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.500	−0.118%	$30K	$291K	12x	as long as short
HTX HYPE-USDT	+0.0318%	4h	93.707	+0.103%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0164%	1h	93.624	+0.014%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.597	−0.015%	$17.1M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.629	+0.019%	$2.7M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0572%	1h	93.707	+0.103%	$19.2M	$26.0M	50x	as long as short