HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0064%/8h= +7.1% APRnext payment +$0.32 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Bitget−0.045%75s7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs+$22as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.308% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.532%+$53 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.045%, 7d avg +0.024%

Together, before fees+0.564%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.069% cheaper against Bitget than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.024%). If the spread goes back, that is −$7 on $10k: about 3.6 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.532% in total) that is about 22 hours. The two prices were read 75 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	Bitget HYPEUSDT	94.073	0.0100	pay 0.0050% / 4h	3h 41m	$228.2M	$101.0M	75x
Short	BloFin HYPE-USDT	94.031	0.0164	get 0.0082% / 4h	3h 41m	$17.0M	$12.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.045%Rate

Funding earned: $13.54
Price spread: −0.045% → +0.024%: −$6.9
Slippage, 4 orders: −$6.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$24.15
Costs to cover: 0.308%
Break-even: 19.5 days

Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 7 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 Bitget live order book, 2 min ago	0.05 bp	7.8 bp −$8	10.6 bp −$106	13.5 bp −$1,347	doesn't fit
Sell BloFin live order book, 7 min ago	0.16 bp	7.3 bp −$7	9.1 bp −$91	12.9 bp −$1,285	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	−0.1480%	1h	93.902	−0.182%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.996	−0.082%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0287%	1h	93.962	−0.118%	$22K	$23K	10x	as long as short
Phemex HYPEUSDT	−0.0254%	8h	94.095	+0.023%	$12.8M	$2.6M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0189%	1h	93.960	−0.120%	$703K	$927K	10x	as long as short
Bullet HYPE-USD	−0.0116%	1h	94.074	+0.001%	$113K	$580K	20x	as long as short
Gate HYPE_USDT	−0.0090%	4h	94.092	+0.020%	$44.5M	$59.3M	75x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	94.125	+0.055%	$85K	$361K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.091	+0.019%	$3K	$331	25x	as long as short
dYdX HYPE-USD	−0.0060%	1h	94.085	+0.013%	$128K	$29K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0038%	8h	94.054	−0.020%	$323.3M	$281.3M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0011%	4h	94.098	+0.027%	$170K	$593K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.088	+0.015%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.123	+0.053%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0014%	4h	94.105	+0.034%	$8.9M	$36.1M	300x	as long as short
Derive HYPE-PERP	+0.0021%	1h	94.057	−0.017%	$16.4M	$7.1M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.915	−0.168%	$218K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0040%	4h	94.103	+0.032%	$89.0M	$82.2M	100x	as long as short
Bluefin HYPE-PERP	+0.0042%	1h	94.121	+0.051%	$76K	$171K	20x	as long as short
Binance HYPEUSDT	+0.0043%	4h	94.103	+0.031%	$384.0M	$894.4M	75x	as long as short
edgeX HYPEUSDC	+0.0051%	4h	93.859	−0.228%	$5.1M	$29.9M	30x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	94.104	+0.033%	$63K	$1.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0081%	8h	94.055	−0.019%	$116.0M	$319.5M	50x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	94.115	+0.045%	$400K	$193K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.156	+0.088%	$18.9M	$58.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.128	+0.058%	$3.1M	$12.0M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.140	+0.071%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.100	+0.029%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.106	+0.036%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.189	+0.123%	$2.05B	$678.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.115	+0.044%	$10.1M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.816	−0.273%	$204K	$5K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.082	+0.010%	$46.6M	$18.2M	75x	as long as short
Bitget HYPEUSDTlong	+0.0100%	4h	94.073	long leg	$228.2M	$101.0M	75x
BingX HYPE-USDT	+0.0100%	4h	94.100	+0.029%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.092	+0.020%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.820	−0.268%	$31.3M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.912	−0.171%	$7.6M	$45.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.865	−0.221%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.913	−0.170%	$679K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.100	+0.029%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.113	+0.043%	$480K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.185	+0.119%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.107	+0.036%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.042	−0.033%	$18.9M	$43.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.140	+0.071%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDTshort	+0.0164%	4h	94.031	−0.045%	$17.0M	$12.3M	75x
Kalshi KXHYPEPERP	+0.0184%	8h	94.159	+0.091%	$1.9M	$5.1M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.260	+0.199%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.146	+0.078%	$2.8M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.094	+0.022%	$79K	$143K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0157%	1h	94.122	+0.053%	$1.5M	—	100x	as long as short
HTX HYPE-USDT	+0.0403%	4h	94.274	+0.214%	$1.5M	$6.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0472%	1h	94.201	+0.136%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0670%	1h	94.212	+0.148%	$21.0M	$29.7M	50x	as long as short