HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0145%/8h= +15.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.098%

Price spread now: StandX against Arcus+0.037%7-day average +0.022% · 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−$23as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Arcus Short on StandX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.128%+$13 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.037%, 7d avg +0.022%

Together, before fees+0.129%+ Points / potential airdropStandX: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus HYPE-USD	94.428	−0.0045	get 0.0006% / 1h	43m 14s	$1.0M	$3.6M	10x
Short	StandX HYPE-USD	94.463	0.0100	get 0.0013% / 1h	43m 14s	$683K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $30.46
Price spread: +0.037% → +0.022%: $1.46
Slippage, 4 orders: −$12.12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee StandX: 4 bp × 2 orders: −$8
Net: $7.3
Costs to cover: 0.246%
Break-even: 5.3 days

Slippage from Arcus: live order book, 1 min ago; StandX: 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	0.53 bp	3.0 bp −$3	3.7 bp −$37	21.0 bp −$2,096	doesn't fit
Sell StandX live order book, 1 min ago	3.12 bp	10.8 bp −$11	11.9 bp −$119	16.3 bp −$1,631	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	−0.1400%	1h	94.230	−0.210%	$201K	$250K	7x	as long as short
Bluefin HYPE-PERP	−0.0359%	1h	94.442	+0.015%	$80K	$154K	20x	as long as short
Bullet HYPE-USD	−0.0153%	1h	94.451	+0.024%	$111K	$576K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0150%	1h	94.430	+0.002%	$712K	$1.2M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0132%	1h	94.467	+0.041%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	94.490	+0.066%	$87K	$366K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.436	+0.008%	$3K	$331	25x	as long as short
Arcus HYPE-USDlong	−0.0045%	1h	94.428	long leg	$1.0M	$3.6M	10x
Bybit HYPEUSDT	−0.0012%	8h	94.470	+0.044%	$317.7M	$289.6M	75x	as long as short
Derive HYPE-PERP	−0.0002%	1h	94.381	−0.050%	$16.5M	$7.5M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USD	0.0000%	1h	94.502	+0.078%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.484	+0.059%	$1.9M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.489	+0.065%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.459	+0.033%	$19K	$287K	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0001%	4h	94.425	−0.003%	$146K	$685K	20x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.480	+0.055%	$123K	—	150x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	94.461	+0.035%	$227.1M	$99.7M	75x	as long as short
Phemex HYPEUSDT	+0.0043%	8h	94.426	−0.002%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0058%	8h	94.462	+0.036%	$338K	$156K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.450	+0.023%	$4.7M	$6.2M	50x	as long as short
Lighter HYPE	+0.0072%	1h	94.457	+0.030%	$16.3M	$64.0M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0078%	1h	94.539	+0.118%	$7.4M	$4.3M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0084%	8h	94.487	+0.062%	$117.8M	$325.0M	50x	as long as short
edgeX HYPEUSDC	+0.0094%	4h	94.499	+0.075%	$5.0M	$30.8M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.470	+0.044%	$3.2M	$10.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.475	+0.050%	$75K	$1.2M	50x	as long as short
Polymarket Perps HYPE-USD	+0.0098%	1h	94.481	+0.056%	$496K	$2.8M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.460	+0.034%	$29K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.417	−0.012%	$7.3M	$51.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.577	+0.158%	$2.08B	$690.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.463	+0.037%	$8.8M	$37.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.470	+0.044%	$10.2M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.476	+0.051%	$378.5M	$933.9M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.332	−0.102%	$218K	$12K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.458	+0.032%	$49.6M	$56.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.467	+0.041%	$90.5M	$82.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.470	+0.044%	$46.5M	$18.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.451	+0.024%	—	$53.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.425	−0.003%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.467	+0.041%	$29.4M	$54.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.461	+0.035%	$7.6M	$45.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.450	+0.023%	$369K	$1.0M	50x	as long as short
StandX HYPE-USDshort	+0.0100%	1h	94.463	+0.037%	$683K	$2.7M	20x
Vest HYPE-PERP	+0.0100%	1h	94.524	+0.102%	—	$243K	5x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.543	+0.122%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.448	+0.021%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.572	+0.152%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.422	−0.006%	$18.3M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.461	+0.035%	$399K	$159K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0021%	1h	94.501	+0.077%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.740	+0.330%	$31K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.505	+0.082%	$20.3M	$30.2M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.479	+0.054%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.439	+0.012%	$84K	$124K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.460	+0.034%	$17.1M	$12.4M	75x	as long as short