HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0267%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.014%

Price spread now: Bulk against Aftermath Perps−0.038%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bulk is 0.038% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps HYPEUSD	93.383	−0.0167	get 0.0021% / 1h	32m 51s	$22K	$21K	10x
Short	Bulk HYPE-USD	93.348	0.0100	get 0.0013% / 1h	32m 51s	$203K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Aftermath Perps. 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 Aftermath PerpsbpFee BulkbpOrdersPrice spread, now −0.038%Rate

Funding earned: $56.17
Price spread: −0.038% → 0.000%: −$3.84
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $36.32
Costs to cover: 0.160%
Break-even: 2.5 days

Slippage unknown: Aftermath Perps: no order-book sample; Bulk: live order book, 36 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bulk live order book, 36 min ago	0.53 bp	4.4 bp −$4	6.8 bp −$68	11.9 bp −$1,193	21.5 bp −$10.7K

Aftermath 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 54 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	−0.0904%	1h	93.476	+0.099%	$196K	$231K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.285	−0.105%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSDlong	−0.0167%	1h	93.383	long leg	$22K	$21K	10x
Ondo Perps HYPE-USD.P	−0.0117%	1h	93.350	−0.036%	$698K	$986K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.559	+0.188%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0077%	8h	93.417	+0.036%	$12.7M	$2.7M	50x	as long as short
Gate HYPE_USDT	−0.0070%	4h	93.536	+0.163%	$44.4M	$54.6M	75x	as long as short
Backpack HYPE_USDC_PERP	−0.0068%	1h	93.397	+0.014%	$7.8M	$10.4M	20x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.429	+0.049%	$85K	$353K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0057%	4h	93.410	+0.028%	$156K	$652K	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	−0.0019%	4h	93.498	+0.122%	$8.9M	$36.2M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.439	+0.060%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.410	+0.028%	$22K	$331K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.440	+0.060%	$26K	—	150x	as long as short
Bybit HYPEUSDT	+0.0002%	8h	93.510	+0.135%	$321.3M	$285.1M	75x	as long as short
BingX HYPE-USDT	+0.0005%	4h	93.516	+0.142%	—	$53.8M	—	as long as short
MEXC HYPE_USDT	+0.0050%	4h	93.528	+0.155%	$88.1M	$82.7M	100x	as long as short
Binance HYPEUSDT	+0.0054%	4h	93.510	+0.135%	$380.4M	$905.5M	75x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	93.458	+0.079%	$5.1M	$30.0M	30x	as long as short
Bullet HYPE-USD	+0.0059%	1h	93.438	+0.058%	$112K	$578K	20x	as long as short
Phoenix HYPE	+0.0060%	1h	93.170	−0.229%	$210K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0065%	8h	93.555	+0.184%	$115.0M	$315.5M	50x	as long as short
Derive HYPE-PERP	+0.0076%	1h	93.401	+0.019%	$16.2M	$7.7M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.458	+0.080%	$339K	$165K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.436	+0.056%	$16.4M	$62.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.430	+0.050%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.385	+0.002%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.435	+0.055%	$397K	$177K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.350	−0.036%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.379	−0.004%	$5.7M	$45.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.527	+0.154%	$2.04B	$670.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.451	+0.073%	$10.0M	$14.8M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.472	+0.095%	$46.1M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.532	+0.159%	$226.3M	$100.4M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.411	+0.029%	$31.0M	$54.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.516	+0.142%	$7.5M	$48.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.468	+0.091%	$338K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.511	+0.137%	$667K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.501	+0.125%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.438	+0.058%	$468K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.428	+0.048%	$79K	$173K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.499	+0.124%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.432	+0.052%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USDshort	+0.0100%	1h	93.348	−0.038%	$203K	$10K	10x
Extended HYPE-USD	+0.0104%	1h	93.510	+0.136%	$18.4M	$44.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.440	+0.061%	$4.9M	$5.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.490	+0.114%	$30K	$339K	12x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.442	+0.063%	$2.7M	$6.7M	20x	as long as short
HTX HYPE-USDT	+0.0218%	4h	93.571	+0.201%	$1.4M	$6.2M	75x	as long as short
Reya HYPERUSDPERP	+0.0254%	1h	93.408	+0.026%	$79K	$142K	15x	as long as short
Kalshi KXHYPEPERP	+0.0266%	8h	93.577	+0.207%	$1.9M	$5.1M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0158%	1h	93.449	+0.070%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0445%	1h	93.531	+0.158%	$7.5M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0682%	1h	93.528	+0.154%	$20.9M	$30.1M	50x	as long as short