HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0349%/8h= −38.2% APRnext payment −$0.44 per $10,000 · paid last 24h +0.042%

Price spread now: Ondo Perps against Arcus−0.094%7-day average +0.011% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days−0.094%−$9 · spread now −0.094%, 7d avg +0.011%

Together, before fees−0.098%+ Points / potential airdropOndo Perps: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Ondo Perps is 0.105% cheaper against Arcus than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.003% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 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	93.458	0.0100	pay 0.0013% / 1h	35m 16s	$1.2M	$4.0M	10x
Short	Ondo Perps HYPE-USD.P	93.370	−0.0249	pay 0.0031% / 1h	35m 16s	$701K	$941K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$73.25
Price spread: −0.094% → +0.011%: −$10.48
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$93.23
Costs to cover: 0.095%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 4 min ago; Ondo Perps: 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 Arcus live order book, 4 min ago	0.48 bp	3.2 bp −$3	4.1 bp −$41	19.8 bp −$1,982	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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	−0.1104%	1h	93.433	−0.027%	$197K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0256%	1h	93.449	−0.009%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.Pshort	−0.0249%	1h	93.370	−0.094%	$701K	$941K	10x
01 Exchange HYPEUSD	−0.0080%	1h	93.512	+0.058%	$89K	$348K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.414	−0.047%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0025%	1h	93.459	+0.001%	$112K	$583K	20x	as long as short
Derive HYPE-PERP	−0.0003%	1h	93.437	−0.022%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.485	+0.029%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.463	+0.005%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.518	+0.064%	$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	+0.0012%	4h	93.512	+0.058%	$8.9M	$35.9M	300x	as long as short
Gate HYPE_USDT	+0.0028%	4h	93.529	+0.076%	$44.1M	$56.5M	75x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.540	+0.088%	$325.9M	$287.3M	75x	as long as short
Phoenix HYPE	+0.0068%	1h	93.464	+0.006%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0070%	4h	93.491	+0.035%	$180K	$529K	20x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	93.485	+0.029%	$57K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.542	+0.089%	$18.5M	$59.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.517	+0.063%	$3.1M	$12.3M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.462	+0.005%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.490	+0.034%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.484	+0.028%	$6.0M	$44.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.560	+0.109%	$2.04B	$668.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.491	+0.036%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.536	+0.083%	$385.7M	$888.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.530	+0.077%	$114.9M	$315.5M	50x	as long as short
Arcus HYPE-USDlong	+0.0100%	1h	93.458	long leg	$1.2M	$4.0M	10x
Bulk HYPE-USD	+0.0100%	1h	93.403	−0.059%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.542	+0.090%	$92.8M	$82.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.498	+0.043%	$46.4M	$18.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.559	+0.108%	$227.2M	$102.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.534	+0.081%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.575	+0.125%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.402	−0.060%	$28.9M	$49.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.494	+0.039%	$7.5M	$45.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.482	+0.026%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.470	+0.013%	$676K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.497	+0.042%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.512	+0.058%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.508	+0.053%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.531	+0.078%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.490	+0.034%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.504	+0.049%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.479	+0.022%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.509	+0.055%	$398K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0113%	4h	93.336	−0.130%	$5.1M	$29.5M	30x	as long as short
Kalshi KXHYPEPERP	+0.0116%	8h	93.598	+0.150%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.400	−0.062%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.484	+0.028%	$78K	$158K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0274%	1h	93.585	+0.136%	$7.4M	$4.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.350	−0.116%	$30K	$231K	12x	as long as short
HTX HYPE-USDT	+0.0338%	4h	93.662	+0.218%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0164%	1h	93.519	+0.065%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.449	−0.010%	$17.1M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.557	+0.106%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0573%	1h	93.599	+0.151%	$19.2M	$25.9M	50x	as long as short