HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1048%/8h= +114.8% APRnext payment +$1.31 per $10,000 · paid last 24h +0.082%

Price spread now: Bulk against Arcus+0.133%7-day average +0.076% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$160.158% of the position

Long on Arcus Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.100%+$10 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.133%, 7d avg +0.076%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Bulk is 0.057% dearer against Arcus than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.076%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.100% in total (about 10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus HYPE-USD	92.677	−0.0948	get 0.0119% / 1h	53m 45s	$1.2M	$3.8M	10x
Short	Bulk HYPE-USD	92.800	0.0100	get 0.0013% / 1h	53m 45s	$202K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Arcus. 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 ArcusbpFee BulkbpOrdersPrice spread, now +0.133%Rate

Funding earned: $220.09
Price spread: +0.133% → +0.076%: $5.71
Slippage, 4 orders: −$4.29
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $210
Costs to cover: 0.158%
Break-even: 0.3 days

Slippage from Arcus: live order book, 5 min ago; Bulk: live order book, 5 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 Arcus live order book, 5 min ago	0.54 bp	3.2 bp −$3	7.1 bp −$71	27.3 bp −$2,731	doesn't fit
Sell Bulk live order book, 5 min ago	1.08 bp	4.9 bp −$5	6.3 bp −$63	12.0 bp −$1,198	35.1 bp −$17.5K

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
Arcus HYPE-USDlong	−0.0948%	1h	92.677	long leg	$1.2M	$3.8M	10x
Hibachi HYPE/USDT-P	−0.0792%	1h	92.817	+0.151%	$195K	$227K	7x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	92.796	+0.128%	$86K	$351K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0104%	1h	92.753	+0.082%	$22K	$21K	10x	as long as short
Bullet HYPE-USD	−0.0096%	1h	92.780	+0.111%	$111K	$579K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.804	+0.137%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0063%	4h	92.759	+0.088%	$158K	$663K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0034%	1h	92.340	−0.364%	$699K	$1.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.870	+0.208%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.776	+0.106%	$23K	$309K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.828	+0.163%	$62K	—	150x	as long as short
Aster HYPEUSDT	+0.0007%	4h	92.823	+0.157%	$8.7M	$36.2M	300x	as long as short
Phemex HYPEUSDT	+0.0009%	8h	92.782	+0.113%	$12.5M	$2.7M	50x	as long as short
Derive HYPE-PERP	+0.0010%	1h	92.732	+0.059%	$16.1M	$7.5M	10x	as long as short
Phoenix HYPE	+0.0026%	1h	92.584	−0.100%	$210K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0030%	4h	92.788	+0.120%	—	$53.2M	—	as long as short
Bybit HYPEUSDT	+0.0039%	8h	92.790	+0.122%	$318.5M	$279.0M	75x	as long as short
Gate HYPE_USDT	+0.0050%	4h	92.793	+0.125%	$44.5M	$54.4M	75x	as long as short
ApeX Omni HYPEUSDT	+0.0068%	1h	92.356	−0.346%	$337K	$1.0M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0073%	8h	92.802	+0.135%	$113.4M	$301.3M	50x	as long as short
MEXC HYPE_USDT	+0.0086%	4h	92.794	+0.126%	$88.0M	$80.1M	100x	as long as short
Binance HYPEUSDT	+0.0086%	4h	92.794	+0.127%	$373.2M	$892.2M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0093%	8h	92.813	+0.147%	$339K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.807	+0.140%	$16.1M	$61.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.812	+0.146%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.781	+0.112%	$68K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	92.780	+0.111%	$14K	$1.6M	10x	as long as short
edgeX HYPEUSDC	+0.0100%	4h	92.417	−0.281%	$5.0M	$29.1M	30x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.783	+0.115%	$5.8M	$43.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.856	+0.193%	$2.02B	$656.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.823	+0.158%	$10.0M	$14.9M	20x	as long as short
Bulk HYPE-USDshort	+0.0100%	1h	92.800	+0.133%	$202K	$13K	10x
KuCoin HYPEUSDTM	+0.0100%	4h	92.819	+0.153%	$46.0M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.797	+0.129%	$224.5M	$97.5M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.798	+0.131%	$7.4M	$10.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.820	+0.154%	$28.4M	$57.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.596	−0.087%	$7.5M	$45.7M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.854	+0.191%	$666K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.831	+0.166%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.830	+0.165%	$469K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.818	+0.152%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.797	+0.129%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.954	+0.299%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.774	+0.105%	$18.1M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.787	+0.119%	$392K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	92.730	+0.057%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.840	+0.176%	$4.7M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0260%	1h	92.791	+0.123%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0263%	8h	92.855	+0.192%	$1.8M	$5.4M	2.3x	as long as short
BloFin HYPE-USDT	+0.0326%	4h	92.812	+0.146%	$16.9M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0153%	1h	92.814	+0.148%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0331%	1h	92.863	+0.201%	$20.7M	$30.3M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0375%	1h	92.881	+0.220%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.870	+0.209%	$3.2M	$6.4M	20x	as long as short
Bluefin HYPE-PERP	+0.2724%	1h	92.759	+0.088%	$79K	$169K	20x	as long as short