HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0411%/8h= +45.0% APRnext payment +$0.51 per $10,000 · paid last 24h +0.081%

Price spread now: RISEx against Arcus+0.159%59s7-day average +0.013% · 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—prices read too far apart to compare

costs, in and out, $10k−$160.157% of the position

Long on Arcus Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.180%+$18 on $10k

Price spread, last 7 days−0.168%−$17 · spread now +0.159%, 7d avg +0.013%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and RISEx is 0.146% dearer against Arcus than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.013%. The two prices were read 59 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	Arcus HYPE-USD	93.029	−0.0131	get 0.0016% / 1h	32m 37s	$1.2M	$4.0M	10x
Short	RISEx HYPE/USDC	93.177	0.0280	get 0.0035% / 1h	32m 37s	$2.8M	$6.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.159%Rate

Funding earned: $86.27
Price spread: +0.159% → +0.013%: $14.64
Slippage, 4 orders: −$5.2
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee RISEx: 3 bp × 2 orders: −$6
Net: $85.21
Costs to cover: 0.157%
Break-even: 0.1 days

Slippage from Arcus: live order book, 1 min ago; RISEx: live order book, 1 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, 1 min ago	0.22 bp	2.9 bp −$3	4.3 bp −$43	18.3 bp −$1,830	doesn't fit
Sell RISEx live order book, 1 min ago	1.50 bp	4.5 bp −$5	5.6 bp −$56	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
Aftermath Perps HYPEUSD	−0.0380%	1h	93.133	+0.112%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0208%	1h	93.124	+0.102%	$197K	$230K	7x	as long as short
Arcus HYPE-USDlong	−0.0131%	1h	93.029	long leg	$1.2M	$4.0M	10x
Ondo Perps HYPE-USD.P	−0.0119%	1h	93.010	−0.020%	$698K	$924K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.134	+0.113%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	93.129	+0.107%	$90K	$362K	20x	as long as short
Popdex HYPEUSDT	−0.0008%	1h	93.107	+0.084%	$57K	$1.2M	50x	as long as short
Aster HYPEUSDT	0.0000%	4h	93.080	+0.055%	$8.8M	$36.0M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.124	+0.102%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.070	+0.044%	$23K	$331K	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 −0.0001%	1h	93.102	+0.078%	$20K	—	150x	as long as short
Bullet HYPE-USD	+0.0025%	1h	93.057	+0.030%	$111K	$579K	20x	as long as short
Bybit HYPEUSDT	+0.0025%	8h	93.080	+0.055%	$323.2M	$287.1M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0028%	4h	93.072	+0.046%	$172K	$519K	20x	as long as short
Derive HYPE-PERP	+0.0031%	1h	93.034	+0.006%	$16.2M	$7.1M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.106	+0.083%	$214K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0040%	4h	93.056	+0.029%	$43.9M	$58.1M	75x	as long as short
MEXC HYPE_USDT	+0.0076%	4h	93.082	+0.057%	$90.1M	$81.8M	100x	as long as short
Binance HYPEUSDT	+0.0077%	4h	93.072	+0.046%	$382.4M	$894.2M	75x	as long as short
Lighter HYPE	+0.0096%	1h	93.134	+0.113%	$18.5M	$58.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.111	+0.088%	$3.1M	$12.1M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.095	+0.071%	$338K	$170K	20x	as long as short
edgeX HYPEUSDC	+0.0099%	4h	93.079	+0.053%	$5.1M	$29.6M	30x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.120	+0.098%	$34K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.113	+0.091%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.103	+0.080%	$2.02B	$670.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.105	+0.082%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.071	+0.045%	$113.8M	$313.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.390	+0.388%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.094	+0.070%	$47.0M	$18.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.080	+0.055%	$225.6M	$103.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.071	+0.045%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.091	+0.067%	$7.8M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.034	+0.006%	$29.0M	$50.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.144	+0.124%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.135	+0.114%	$412K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.066	+0.040%	$673K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.118	+0.095%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.136	+0.115%	$492K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.079	+0.054%	$75K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.089	+0.064%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.083	+0.058%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.073	+0.047%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.017	−0.013%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.084	+0.059%	$396K	$318K	20x	as long as short
Kalshi KXHYPEPERP	+0.0107%	8h	93.224	+0.210%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.180	+0.162%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.070	+0.044%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.057	+0.030%	$78K	$158K	15x	as long as short
HTX HYPE-USDT	+0.0249%	4h	93.228	+0.214%	$1.5M	$7.7M	75x	as long as short
RISEx HYPE/USDCshort	+0.0280%	1h	93.177	+0.159%	$2.8M	$6.8M	20x
BloFin HYPE-USDT	+0.0308%	4h	93.074	+0.048%	$16.9M	$12.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0158%	1h	93.095	+0.071%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0384%	1h	93.180	+0.162%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0466%	1h	93.194	+0.177%	$20.8M	$28.9M	50x	as long as short