Settings8H · net · $10k
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Funding arb · Price arb / Crypto

HYPE

All HYPE markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotHYPEUSDT
79.825spotno funding——$55.2M1xBuy Binance Spot
SHORT
BinanceHYPEUSDT
79.798+0.0100get 0.0050% / 4h3h 46m$399.3M$803.6M75xShort Binance
Price gap−0.034%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.031% under its 7d average: −$3 if it goes back, about 25 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$21+0.0100% /8h now · paid +0.210% over the last 7D
Price−$3spread −0.034% now, avg −0.003% → −0.031% if it goes back
Costs−$380.381% of $10k · taker + slippage, in and out
Result−$20−0.20%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.034%
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

2 ok · 2 to watch
  • OK: Fits both order books14.8 / 5.7 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Spot in full, margin on the short$10,000 + $133
    The spot leg is bought with the whole $10k; Binance runs at up to 75x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Binance settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.034% vs −0.003%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$399.3M OI
    Only Binance reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Spot Yes · Binance Yes
    Verified KYC to deposit or trade.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0100%/8h × 21 periods+$21.00
Price spread−0.034% → −0.003% (7d avg)−$3.09
Slippage, 4 orderslive order books−$8.07
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$20.17
Costs to cover0.381%Break-even13.7 days
Slippage: Binance Spot: live order book, 15 min ago; Binance: live order book, 15 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot0.6414.8 bp−$1519.5 bp−$195doesn’t fitdoesn’t fit
SELL · SHORTBinance0.065.7 bp−$68.5 bp−$8519.6 bp−$1,95639.7 bp−$19.8K

Closing costs about the same again.

Alert

HYPE news

posts that mention HYPE, from every exchange
11-05 02:42DeriveOtherETH 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 18:52PhoenixProductTailwind 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 13:43ParagonOtherWe’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 00:30ParadexOtherBitcoin, 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 18:30Kraken FuturesOtherMore 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 16:43NadoListingNew 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 ↗