HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0213%/8h= +23.3% APRnext payment +$0.27 per $10,000 · paid last 24h −0.009%

Price spread now: Derive against Aftermath Perps−0.315%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 Derive

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. Derive is 0.315% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.315% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 4.9 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps HYPEUSD	94.079	−0.0196	get 0.0024% / 1h	20m 18s	$22K	$21K	10x
Short	Derive HYPE-PERP	93.782	0.0017	get 0.0002% / 1h	20m 18s	$16.4M	$7.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.315%Rate

Funding earned: $44.7
Price spread: −0.315% → 0.000%: −$31.51
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Derive: 3 bp × 2 orders: −$6
Net: −$1.81
Costs to cover: 0.150%
Break-even: 7.3 days

Slippage unknown: Aftermath Perps: no order-book sample; Derive: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Derive no order-book sample	—	—	—	—	—

Aftermath Perps and Derive: 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	−0.1336%	1h	93.984	−0.100%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.698	−0.405%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSDlong	−0.0196%	1h	94.079	long leg	$22K	$21K	10x
Ondo Perps HYPE-USD.P	−0.0155%	1h	93.910	−0.179%	$710K	$959K	10x	as long as short
dYdX HYPE-USD	−0.0114%	1h	93.863	−0.229%	$129K	$31K	5x	as long as short
Bullet HYPE-USD	−0.0099%	1h	93.819	−0.276%	$112K	$581K	20x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	93.806	−0.290%	$86K	$360K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.802	−0.294%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0068%	4h	93.812	−0.283%	$44.4M	$60.0M	75x	as long as short
Bybit HYPEUSDT	−0.0025%	8h	93.830	−0.264%	$322.4M	$280.0M	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	−0.0024%	4h	93.797	−0.299%	$159K	$645K	20x	as long as short
Phemex HYPEUSDT	−0.0008%	8h	93.884	−0.207%	$12.8M	$2.6M	50x	as long as short
Perpl HYPE	0.0000%	43m	93.820	−0.275%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.855	−0.238%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0013%	4h	93.812	−0.283%	$8.9M	$36.1M	300x	as long as short
Derive HYPE-PERPshort	+0.0017%	1h	93.782	−0.315%	$16.4M	$7.3M	10x
Phoenix HYPE	+0.0034%	1h	94.149	+0.075%	$219K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0048%	4h	93.838	−0.256%	$89.0M	$82.8M	100x	as long as short
Binance HYPEUSDT	+0.0048%	4h	93.823	−0.272%	$382.7M	$893.6M	75x	as long as short
edgeX HYPEUSDC	+0.0070%	4h	94.065	−0.015%	$5.1M	$30.0M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0075%	8h	93.827	−0.268%	$115.7M	$317.1M	50x	as long as short
Bluefin HYPE-PERP	+0.0089%	1h	93.812	−0.283%	$76K	$171K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.868	−0.224%	$19.1M	$60.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.838	−0.256%	$3.0M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.818	−0.277%	$64K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.798	−0.298%	$399K	$180K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.789	−0.308%	$341K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.850	−0.243%	$20K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.766	−0.332%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.890	−0.201%	$2.05B	$673.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.810	−0.286%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.825	−0.270%	$46.7M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.854	−0.239%	$227.6M	$100.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.831	−0.263%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.853	−0.240%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.939	−0.148%	$31.4M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.199	+0.128%	$7.6M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.047	−0.034%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.952	−0.135%	$679K	$2.6M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.832	−0.262%	$480K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.880	−0.211%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.839	−0.255%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.151	+0.077%	$205K	$2K	10x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.864	−0.229%	—	$243K	5x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.817	−0.278%	$18.8M	$44.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.870	−0.222%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0192%	4h	93.962	−0.124%	$17.0M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.437%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	93.859	−0.233%	$2.7M	$6.8M	20x	as long as short
Kalshi KXHYPEPERP	+0.0227%	8h	94.002	−0.081%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0252%	1h	93.803	−0.294%	$79K	$142K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0155%	1h	93.855	−0.238%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0385%	4h	93.958	−0.128%	$1.5M	$6.1M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0453%	1h	93.937	−0.151%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0672%	1h	93.935	−0.153%	$21.0M	$29.7M	50x	as long as short