HYPE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusHYPE-USD	78.305	+0.0478	pay 0.0060% / 1h	10m 15s	$5.1M	$5.5M	10x	Long Arcus5% off
SHORT	Variational OmniHYPE	78.626	+0.0100	get 0.0100% / 8h	2h 10m	$32.3M	$53.0M	50x	Short Variational Omni+15% pts

Price gap+0.409%

Funding gap−0.0378% /8h

The gap pays +$56 on $10k if it goes back to its 7d average, but funding costs $11 a day and eats that in about 4.9 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$45−0.0378% /8h now · paid −0.447% over the last 7D

Price+$56spread +0.409% now, avg −0.146% → +0.555% if it goes back

Costs−$170.166% of $10k · taker + slippage, in and out

Result−$6−0.06%+ Points / potential airdropArcus: points · Variational Omni: points · farm board

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.409%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HYPE on 54 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

OK: Fits both order books3.7 / 3.2 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$1,000 + $200
Arcus 10x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$11.35Long Arcus: 24 payments, −$14.35; short Variational Omni: 3 payments, +$3.00.
OK: Entry gap works for you+0.409% vs −0.146%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$5.1M vs $32.3M OI
Arcus sets your exit cost. Check its book before closing.
OK: Points on a legArcus points · Variational Omni points
Volume here counts toward the points program.
OK: No KYC on either legArcus No · Variational Omni No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0213%/8h × 21 periods−$44.72

Price spread+0.409% → −0.146% (7d avg)+$55.54

Slippage, 4 orderslive order books−$12.05

Fee Arcus bp × 2 orders−$4.50

Fee Variational Omni bp × 2 orders$0.00

Net · 7 days · $10k−$5.74

Costs to cover0.166%Break-evenfrom the start

Slippage: Arcus: live order book, 1 min ago; Variational Omni: RFQ quote, 2 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGArcus0.773.7 bp−$46.0 bp−$6015.8 bp−$1,576doesn’t fit

SELL · SHORTVariational Omni0.503.2 bp−$35.8 bp−$5828.5 bp−$2,853doesn’t fit

Closing costs about the same again.

HYPE news

posts that mention HYPE, from every exchange

11-05 02:42	Derive	Other	ETH Options took the top spot on Derive in the last 24h $227.8M+ notional traded 🔷 ETH $106.7M (47%) 🟠 BTC $95.8M (42%) 🟢 HYPE $14.8M (6%) ⚪ Others $10.5M (5%) @DeriveXYZ on X ↗
11-04 18:52	Phoenix	Product	Tailwind Rewards are now live on Phoenix. Phoenix now pays back 10% of the funding you pay on BTC, ETH, SOL and HYPE, claimable daily in the Rewards Hub. Hold your view for less. @PhoenixTrade on X ↗
11-04 13:43	Paragon	Other	We’re bringing Power Perps to Hyperliquid, starting with HYPE². If HYPE doubles, the HYPE² index quadruples. Options-like payoffs. No strikes. No expiry. Power Perps bring options flow to Hyperliquid by pooling demand for convexity in one order book. This work builds on “Power Perpetuals” by @danrobinson, @_Dave__White_, @andrewjleone and their coauthors. @tradeparagon on X ↗
11-04 00:30	Paradex	Other	Bitcoin, Ether, Solana, HYPE, Zcash. Same expiry. The options market does not price them the same. Trade crypto options on Paradex, 0 fees: @paradex on X ↗
11-03 18:30	Kraken Futures	Other	More ways to put your HYPE to work. kHYPE lets you keep your $HYPE in Kraken custody and use it onchain. And thanks to @nadoHQ, you can now use it as collateral. Congrats to the Nado team 🤝 @HyperliquidX @krakenfx on X ↗
11-03 16:43	Nado	Listing	New collateral & spot listing is live. You can now use $kHYPE (Kraken wrapped HYPE) as collateral to trade perps, spot and borrow on Nado. @nadoHQ on X ↗