HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0224%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h −0.024%

Price spread now: Ondo Perps against Aevo−0.080%7-day average −0.086% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now −0.080%, 7d avg −0.086%

Together, before fees−0.148%+ Points / potential airdropOndo Perps: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.086%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	94.045	0.0096	pay 0.0012% / 1h	2m 47s	$400K	$318K	20x
Short	Ondo Perps HYPE-USD.P	93.970	−0.0128	pay 0.0016% / 1h	2m 47s	$704K	$926K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$47.04
Price spread: −0.080% → −0.086%: $0.61
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$67.43
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 11 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 11 min ago	2.31 bp	12.0 bp −$12	16.4 bp −$164	20.8 bp −$2,076	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1376%	1h	93.897	−0.158%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0357%	1h	93.936	−0.117%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.920	−0.133%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.Pshort	−0.0128%	1h	93.970	−0.080%	$704K	$926K	10x
01 Exchange HYPEUSD	−0.0080%	1h	94.042	−0.004%	$86K	$368K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.034	−0.012%	$3K	$331	25x	as long as short
Derive HYPE-PERP	−0.0010%	1h	93.985	−0.064%	$16.4M	$7.2M	10x	as long as short
dYdX HYPE-USD	−0.0007%	1h	93.976	−0.074%	$128K	$30K	5x	as long as short
Orderly PERP_HYPE_USDC	−0.0005%	4h	94.050	+0.005%	$170K	$593K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.081	+0.038%	$23K	$329K	10x	as long as short

Show 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 −0.0003%	1h	94.070	+0.026%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	93.898	−0.157%	$217K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0017%	4h	93.975	−0.074%	$8.9M	$36.1M	300x	as long as short
Bybit HYPEUSDT	+0.0019%	8h	93.895	−0.160%	$323.2M	$283.9M	75x	as long as short
Phemex HYPEUSDT	+0.0028%	8h	93.997	−0.051%	$12.8M	$2.6M	50x	as long as short
MEXC HYPE_USDT	+0.0046%	4h	93.916	−0.137%	$88.3M	$82.3M	100x	as long as short
Binance HYPEUSDT	+0.0047%	4h	93.912	−0.141%	$383.8M	$898.7M	75x	as long as short
edgeX HYPEUSDC	+0.0064%	4h	93.859	−0.198%	$5.1M	$29.7M	30x	as long as short
Popdex HYPEUSDT	+0.0064%	1h	94.049	+0.004%	$60K	$1.2M	50x	as long as short
Gate HYPE_USDT	+0.0066%	4h	93.966	−0.084%	$44.2M	$60.1M	75x	as long as short
Bullet HYPE-USD	+0.0079%	1h	94.020	−0.027%	$112K	$578K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0088%	8h	93.910	−0.144%	$115.9M	$322.6M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.989	−0.060%	$18.9M	$60.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.993	−0.056%	$3.0M	$12.3M	20x	as long as short
Aevo HYPE-PERPlong	+0.0096%	1h	94.045	long leg	$400K	$318K	20x
Katana Perps HYPE-USD	+0.0099%	8h	94.040	−0.006%	$36K	$1.6M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.066	+0.021%	$342K	$171K	20x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.049	+0.004%	$6.7M	$44.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.071	+0.027%	$2.05B	$680.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.951	−0.100%	$10.1M	$14.5M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.889	−0.166%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.016	−0.031%	$46.6M	$18.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.961	−0.090%	$227.6M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.959	−0.092%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.046	+0.001%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.812	−0.248%	$31.3M	$54.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.864	−0.193%	$7.6M	$45.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.817	−0.243%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.966	−0.084%	$679K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.055	+0.011%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.070	+0.026%	$472K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.059	+0.015%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.087	+0.044%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.039	−0.007%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.410	+0.388%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.951	−0.100%	$18.4M	$42.8M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.110	+0.069%	$4.9M	$5.7M	50x	as long as short
Kalshi KXHYPEPERP	+0.0157%	8h	94.091	+0.049%	$1.9M	$5.1M	2.3x	as long as short
BloFin HYPE-USDT	+0.0185%	4h	93.999	−0.049%	$17.0M	$12.6M	75x	as long as short
HTX HYPE-USDT	+0.0194%	4h	94.200	+0.164%	$1.5M	$7.8M	75x	as long as short
Reya HYPERUSDPERP	+0.0250%	1h	94.042	−0.004%	$77K	$142K	15x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.091	+0.049%	$2.8M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0163%	1h	94.066	+0.022%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0473%	1h	94.154	+0.116%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0576%	1h	94.151	+0.112%	$21.1M	$29.5M	50x	as long as short