HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter RH against ApeX Omni−0.017%48s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.213% of the position

Long on ApeX Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 3 days (all we have)−0.183%−$18 · spread now −0.017%, 7d avg +0.012%

Together, before fees−0.249%+ Points / potential airdropLighter RH: Points live · farm board−$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.029% cheaper against ApeX Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni HYPEUSDT	93.664	0.0100	pay 0.0013% / 1h	20m 28s	$407K	$1.0M	50x
Short	Lighter RH HYPE	93.648	0.0096	get 0.0012% / 1h	20m 28s	$3.1M	$12.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against ApeX Omni. 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 ApeX OmnibpFee Lighter RHbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$0.84
Price spread: −0.017% → +0.012%: −$2.87
Slippage, 4 orders: −$11.29
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$25
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 4 min ago; Lighter RH: live order book, 3 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 ApeX Omni live order book, 4 min ago	2.78 bp	8.5 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.65 bp	1.7 bp −$2	2.7 bp −$27	24.5 bp −$2,453	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	−0.1000%	1h	93.664	0.000%	$198K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0286%	1h	93.656	−0.009%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0232%	1h	93.550	−0.122%	$703K	$934K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.631	−0.035%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.634	−0.032%	$90K	$344K	20x	as long as short
Bullet HYPE-USD	−0.0025%	1h	93.603	−0.065%	$112K	$583K	20x	as long as short
Derive HYPE-PERP	−0.0021%	1h	93.590	−0.079%	$16.4M	$7.0M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.721	+0.061%	$128K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.632	−0.034%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.650	−0.015%	$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	+0.0026%	4h	93.611	−0.056%	$9.0M	$35.8M	300x	as long as short
Gate HYPE_USDT	+0.0032%	4h	93.614	−0.053%	$44.1M	$57.1M	75x	as long as short
Bybit HYPEUSDT	+0.0036%	8h	93.606	−0.062%	$326.0M	$287.0M	75x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	93.604	−0.064%	$59K	$1.2M	50x	as long as short
Orderly PERP_HYPE_USDC	+0.0062%	4h	93.619	−0.048%	$175K	$536K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.733	+0.074%	$216K	$1.2M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.657	−0.008%	$18.6M	$59.6M	20x	as long as short
Lighter RH HYPEshort	+0.0096%	1h	93.648	−0.017%	$3.1M	$12.4M	20x
Paradex HYPE-USD-PERP	+0.0100%	8h	93.631	−0.035%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.640	−0.026%	$37K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.605	−0.063%	$6.0M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.707	+0.046%	$2.04B	$670.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.661	−0.003%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.616	−0.051%	$386.3M	$888.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.604	−0.064%	$115.0M	$316.0M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.591	−0.078%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.690	+0.027%	$205K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.601	−0.067%	$93.7M	$82.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.621	−0.046%	$46.5M	$18.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.626	−0.041%	$227.4M	$102.3M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.621	−0.046%	—	$54.3M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.648	−0.017%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.652	−0.013%	$29.0M	$50.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.753	+0.095%	$7.5M	$45.3M	10x	as long as short
ApeX Omni HYPEUSDTlong	+0.0100%	1h	93.664	long leg	$407K	$1.0M	50x
StandX HYPE-USD	+0.0100%	1h	93.704	+0.043%	$677K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.657	−0.007%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.647	−0.018%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.644	−0.021%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.744	+0.085%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.621	−0.046%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.675	+0.012%	$12.8M	$2.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0102%	1h	93.730	+0.070%	$7.4M	$4.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.594	−0.075%	$18.3M	$41.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.644	−0.021%	$398K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0106%	4h	93.684	+0.021%	$5.1M	$29.7M	30x	as long as short
Kalshi KXHYPEPERP	+0.0128%	8h	93.747	+0.089%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.700	+0.038%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.604	−0.064%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.600	−0.068%	$30K	$291K	12x	as long as short
HTX HYPE-USDT	+0.0306%	4h	93.825	+0.172%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0164%	1h	93.654	−0.010%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.613	−0.054%	$17.0M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.671	+0.007%	$2.7M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0572%	1h	93.757	+0.099%	$19.2M	$26.0M	50x	as long as short