HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.029%

Price spread now: 01 Exchange against ApeX Omni−0.229%115s7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$310.307% of the position

Long on ApeX Omni Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.645%−$65 · spread now −0.229%, 7d avg +0.036%

Together, before fees−0.682%−$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and 01 Exchange is 0.265% cheaper against ApeX Omni than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.036%). Swap the legs. The two prices were read 115 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	93.487	0.0100	pay 0.0013% / 1h	39m 36s	$340K	$999K	50x
Short	01 Exchange HYPEUSD	93.273	−0.0048	pay 0.0006% / 1h	39m 36s	$85K	$345K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.229%Rate

Funding earned: −$31.08
Price spread: −0.229% → +0.036%: −$26.46
Slippage, 4 orders: −$13.7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$88.24
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 4 min ago; 01 Exchange: live order book, 25 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	3.69 bp	9.8 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 25 min ago	0.80 bp	6.0 bp −$6	9.7 bp −$97	doesn't fit	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	−0.1264%	1h	93.481	−0.007%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.167	−0.342%	$1.2M	$3.8M	10x	as long as short
Bluefin HYPE-PERP	−0.0184%	1h	93.318	−0.181%	$79K	$170K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.343	−0.154%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0073%	1h	93.270	−0.232%	$700K	$981K	10x	as long as short
Phemex HYPEUSDT	−0.0063%	8h	93.304	−0.196%	$12.6M	$2.7M	50x	as long as short
01 Exchange HYPEUSDshort	−0.0048%	1h	93.273	−0.229%	$85K	$345K	20x
Orderly PERP_HYPE_USDC	−0.0046%	4h	93.328	−0.170%	$155K	$630K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0036%	1h	93.409	−0.083%	$22K	$21K	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.361	−0.135%	$128K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.394	−0.099%	$23K	$322K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.364	−0.132%	$62K	—	150x	as long as short
Aster HYPEUSDT	+0.0016%	4h	93.313	−0.187%	$8.8M	$35.6M	300x	as long as short
Bullet HYPE-USD	+0.0021%	1h	93.334	−0.163%	$111K	$578K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	93.549	+0.066%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0026%	4h	93.286	−0.215%	—	$53.1M	—	as long as short
Bybit HYPEUSDT	+0.0034%	8h	93.282	−0.219%	$321.5M	$277.2M	75x	as long as short
Gate HYPE_USDT	+0.0044%	4h	93.285	−0.216%	$44.5M	$54.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0077%	8h	93.282	−0.219%	$114.1M	$301.7M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.335	−0.163%	$16.3M	$61.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.337	−0.160%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.269	−0.233%	$69K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0096%	4h	93.305	−0.195%	$89.8M	$80.7M	100x	as long as short
Binance HYPEUSDT	+0.0097%	4h	93.310	−0.189%	$378.7M	$877.1M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.366	−0.129%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.290	−0.211%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.335	−0.162%	$5.8M	$43.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.412	−0.080%	$2.04B	$652.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.327	−0.171%	$10.0M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.580	+0.099%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.354	−0.142%	$45.9M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.278	−0.224%	$225.6M	$96.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.315	−0.184%	$7.4M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.317	−0.182%	$31.1M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.553	+0.070%	$7.6M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDTlong	+0.0100%	1h	93.487	long leg	$340K	$999K	50x
StandX HYPE-USD	+0.0100%	1h	93.585	+0.105%	$668K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.403	−0.090%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.372	−0.123%	$472K	$2.5M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.332	−0.166%	$16.2M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.428	−0.063%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.332	−0.166%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.242	−0.262%	$18.4M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.333	−0.165%	$397K	$163K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	93.349	−0.148%	$5.1M	$29.6M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.440	−0.050%	$4.9M	$5.4M	50x	as long as short
HTX HYPE-USDT	+0.0199%	4h	93.510	+0.025%	$1.4M	$6.0M	75x	as long as short
Reya HYPERUSDPERP	+0.0257%	1h	93.331	−0.167%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0279%	8h	93.418	−0.074%	$1.9M	$5.1M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.364	−0.131%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.300	−0.200%	$16.9M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0393%	1h	93.426	−0.065%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.364	−0.132%	$3.2M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.200	−0.307%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.408	−0.085%	$20.7M	$30.1M	50x	as long as short