HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.36 per $10,000 · paid last 24h −0.020%

Price spread now: Gate against BingX+0.039%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.039%, 7d avg −0.005%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.044% dearer against BingX than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.005%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.005% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX HYPE-USDT	93.388	0.0002	pay 0.0001% / 4h	2h 33m	—	$53.8M	—
Short	Gate HYPE_USDT	93.424	−0.0070	pay 0.0035% / 4h	2h 33m	$44.3M	$54.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now +0.039%Rate

Funding earned: −$15.12
Price spread: +0.039% → −0.005%: $4.39
Slippage, 4 orders: −$8.05
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$43.78
Costs to cover: 0.330%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Gate: live order book, 5 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 BingX live order book, 10 min ago	0.16 bp	5.2 bp −$5	7.1 bp −$71	11.0 bp −$1,099	15.6 bp −$7,790
Sell Gate live order book, 5 min ago	0.59 bp	9.9 bp −$10	17.0 bp −$170	35.0 bp −$3,497	58.5 bp −$29.3K

HYPE on 54 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	−0.0912%	1h	93.427	+0.042%	$196K	$231K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.285	−0.110%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0168%	1h	93.355	−0.035%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0117%	1h	93.350	−0.041%	$698K	$986K	10x	as long as short
Phemex HYPEUSDT	−0.0094%	8h	93.517	+0.138%	$12.7M	$2.7M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.559	+0.183%	$3K	$331	25x	as long as short
Backpack HYPE_USDC_PERP	−0.0070%	1h	93.514	+0.135%	$7.8M	$10.4M	20x	as long as short
Gate HYPE_USDTshort	−0.0070%	4h	93.424	+0.039%	$44.3M	$54.5M	75x
01 Exchange HYPEUSD	−0.0064%	1h	93.429	+0.044%	$85K	$353K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0056%	4h	93.529	+0.151%	$156K	$652K	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	−0.0019%	4h	93.529	+0.151%	$8.9M	$36.2M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.439	+0.055%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.532	+0.154%	$22K	$331K	10x	as long as short
BingX HYPE-USDTlong	+0.0002%	4h	93.388	long leg	—	$53.8M	—
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.557	+0.181%	$26K	—	150x	as long as short
Bybit HYPEUSDT	+0.0006%	8h	93.400	+0.013%	$320.9M	$285.6M	75x	as long as short
MEXC HYPE_USDT	+0.0050%	4h	93.431	+0.046%	$88.0M	$82.7M	100x	as long as short
Binance HYPEUSDT	+0.0054%	4h	93.404	+0.017%	$380.0M	$905.2M	75x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	93.458	+0.075%	$5.1M	$30.0M	30x	as long as short
Phoenix HYPE	+0.0060%	1h	93.170	−0.233%	$210K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0060%	1h	93.566	+0.191%	$112K	$579K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0065%	8h	93.381	−0.007%	$114.9M	$314.8M	50x	as long as short
Derive HYPE-PERP	+0.0066%	1h	93.508	+0.129%	$16.2M	$7.7M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.458	+0.075%	$339K	$165K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.445	+0.061%	$16.4M	$62.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.449	+0.065%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.385	−0.003%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.554	+0.178%	$398K	$177K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.350	−0.041%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.525	+0.146%	$5.7M	$45.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.543	+0.166%	$2.04B	$670.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.451	+0.068%	$10.0M	$14.8M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.427	+0.042%	$46.0M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.405	+0.018%	$226.0M	$100.4M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.411	+0.024%	$31.0M	$54.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.253	−0.144%	$7.5M	$48.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.295	−0.100%	$337K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.511	+0.132%	$667K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.584	+0.210%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.581	+0.207%	$468K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.522	+0.143%	$79K	$173K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.616	+0.244%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.548	+0.171%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.348	−0.043%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.350	−0.040%	$18.4M	$44.6M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.640	+0.270%	$4.9M	$5.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.390	+0.002%	$30K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.442	+0.058%	$2.7M	$6.7M	20x	as long as short
HTX HYPE-USDT	+0.0223%	4h	93.699	+0.333%	$1.4M	$6.2M	75x	as long as short
Reya HYPERUSDPERP	+0.0254%	1h	93.536	+0.159%	$80K	$142K	15x	as long as short
Kalshi KXHYPEPERP	+0.0266%	8h	93.594	+0.221%	$1.9M	$5.1M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0335% / S −0.0158%	1h	93.570	+0.195%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0455%	1h	93.637	+0.267%	$7.5M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0681%	1h	93.638	+0.267%	$20.9M	$30.1M	50x	as long as short