HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h −0.001%

Price spread now: Bullet against Aftermath Perps−0.369%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 Bullet

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. Bullet is 0.369% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.369% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 14 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps HYPEUSD	93.952	−0.0185	get 0.0023% / 1h	18m 16s	$22K	$21K	10x
Short	Bullet HYPE-USD	93.605	−0.0097	pay 0.0012% / 1h	18m 16s	$113K	$581K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.369%Rate

Funding earned: $18.46
Price spread: −0.369% → 0.000%: −$36.91
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$35.45
Costs to cover: 0.170%
Break-even: 20.4 days

Slippage unknown: Aftermath Perps: no order-book sample; Bullet: live order book, 56 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 Bullet live order book, 56 min ago	0.27 bp	10.0 bp −$10	14.3 bp −$143	doesn't fit	doesn't fit

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 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	−0.1312%	1h	93.756	−0.208%	$198K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.417	−0.569%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSDlong	−0.0185%	1h	93.952	long leg	$22K	$21K	10x
Ondo Perps HYPE-USD.P	−0.0151%	1h	93.510	−0.470%	$710K	$955K	10x	as long as short
dYdX HYPE-USD	−0.0108%	1h	93.519	−0.461%	$128K	$31K	5x	as long as short
Bullet HYPE-USDshort	−0.0097%	1h	93.605	−0.369%	$113K	$581K	20x
01 Exchange HYPEUSD	−0.0096%	1h	93.536	−0.443%	$85K	$360K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.531	−0.448%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0080%	4h	93.619	−0.354%	$44.4M	$60.1M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0027%	4h	93.603	−0.371%	$159K	$645K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0021%	8h	93.660	−0.311%	$321.7M	$280.4M	75x	as long as short
Phemex HYPEUSDT	−0.0017%	8h	93.548	−0.430%	$12.7M	$2.6M	50x	as long as short
Perpl HYPE	0.0000%	43m	93.591	−0.384%	$23K	$326K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.626	−0.347%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0003%	4h	93.592	−0.383%	$8.9M	$36.1M	300x	as long as short
Derive HYPE-PERP	+0.0003%	1h	93.596	−0.379%	$16.4M	$7.3M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	94.149	+0.210%	$219K	$1.2M	10x	as long as short
Binance HYPEUSDT	+0.0042%	4h	93.619	−0.355%	$381.9M	$894.2M	75x	as long as short
MEXC HYPE_USDT	+0.0044%	4h	93.576	−0.400%	$88.1M	$83.1M	100x	as long as short
edgeX HYPEUSDC	+0.0057%	4h	93.961	+0.010%	$5.1M	$30.0M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	93.645	−0.327%	$115.6M	$316.6M	50x	as long as short
Bluefin HYPE-PERP	+0.0083%	1h	93.651	−0.320%	$76K	$170K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.555	−0.422%	$19.1M	$60.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.538	−0.440%	$3.0M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.540	−0.438%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.596	−0.379%	$398K	$180K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.554	−0.424%	$340K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.550	−0.428%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.515	−0.465%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.631	−0.341%	$2.04B	$675.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.571	−0.405%	$10.1M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.528	−0.451%	$204K	$12K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.570	−0.406%	$46.5M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.687	−0.282%	$227.1M	$101.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.607	−0.367%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.522	−0.457%	$7.7M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.939	−0.013%	$31.4M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.991	+0.042%	$7.6M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.940	−0.013%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.838	−0.121%	$679K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.603	−0.371%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.596	−0.379%	$473K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.673	−0.297%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.653	−0.318%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.623	−0.350%	$18.7M	$44.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.590	−0.385%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0179%	4h	93.552	−0.426%	$17.0M	$12.1M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.573%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	93.571	−0.406%	$2.7M	$6.8M	20x	as long as short
Kalshi KXHYPEPERP	+0.0227%	8h	93.641	−0.331%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0252%	1h	93.568	−0.409%	$79K	$142K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0156%	1h	93.615	−0.358%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0374%	4h	93.750	−0.215%	$1.5M	$6.1M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0615%	1h	93.757	−0.207%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0673%	1h	93.761	−0.203%	$20.9M	$29.8M	50x	as long as short