HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.017%

Price spread now: Gate against Bitget+0.014%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.014%, 7d avg −0.002%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HYPEUSDT	93.304	0.0100	pay 0.0050% / 4h	1h 41m	$226.2M	$102.8M	75x
Short	Gate HYPE_USDT	93.317	0.0058	get 0.0029% / 4h	1h 41m	$43.7M	$57.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.014%Rate

Funding earned: −$8.82
Price spread: +0.014% → −0.002%: $1.62
Slippage, 4 orders: −$12.16
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.36
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	0.05 bp	8.6 bp −$9	12.1 bp −$121	19.5 bp −$1,950	doesn't fit
Sell Gate live order book, 3 min ago	0.16 bp	9.6 bp −$10	16.7 bp −$167	34.2 bp −$3,417	57.0 bp −$28.5K

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
Aftermath Perps HYPEUSD	−0.0360%	1h	93.272	−0.034%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.349	+0.048%	$1.2M	$4.0M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0128%	1h	93.251	−0.057%	$197K	$230K	7x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.396	+0.099%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0058%	1h	93.310	+0.006%	$700K	$925K	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.419	+0.123%	$127K	$32K	5x	as long as short
01 Exchange HYPEUSD	0.0000%	1h	93.344	+0.043%	$90K	$361K	20x	as long as short
Popdex HYPEUSDT	0.0000%	1h	93.319	+0.016%	$58K	$1.2M	50x	as long as short
Perpl HYPE	0.0000%	43m	93.354	+0.053%	$23K	$331K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.342	+0.041%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0015%	4h	93.331	+0.028%	$8.9M	$36.0M	300x	as long as short
Derive HYPE-PERP	+0.0016%	1h	93.265	−0.042%	$16.3M	$7.1M	10x	as long as short
Bybit HYPEUSDT	+0.0029%	8h	93.310	+0.006%	$324.0M	$286.9M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.374	+0.075%	$214K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0036%	4h	93.311	+0.008%	$171K	$519K	20x	as long as short
Gate HYPE_USDTshort	+0.0058%	4h	93.317	+0.014%	$43.7M	$57.8M	75x
Bullet HYPE-USD	+0.0069%	1h	93.299	−0.005%	$112K	$578K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.373	+0.074%	$18.5M	$58.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.354	+0.054%	$3.1M	$12.1M	20x	as long as short
MEXC HYPE_USDT	+0.0096%	4h	93.323	+0.020%	$90.3M	$81.6M	100x	as long as short
Binance HYPEUSDT	+0.0097%	4h	93.317	+0.014%	$383.5M	$892.3M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.404	+0.107%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.390	+0.092%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.315	+0.012%	$5.9M	$44.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.375	+0.076%	$2.03B	$672.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.402	+0.105%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.302	−0.002%	$114.0M	$314.0M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.390	+0.092%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.339	+0.038%	$47.2M	$18.9M	75x	as long as short
Bitget HYPEUSDTlong	+0.0100%	4h	93.304	long leg	$226.2M	$102.8M	75x
BingX HYPE-USDT	+0.0100%	4h	93.311	+0.008%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.400	+0.103%	$7.9M	$11.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.236	−0.073%	$28.9M	$50.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.228	−0.081%	$7.5M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.375	+0.076%	$413K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.385	+0.087%	$675K	$2.5M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.379	+0.080%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.289	−0.016%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.429	+0.134%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.321	+0.018%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.315	+0.012%	$12.7M	$2.6M	50x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.368	+0.068%	—	$454K	5x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.297	−0.007%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.277	−0.029%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0104%	4h	93.291	−0.014%	$5.1M	$29.5M	30x	as long as short
Kalshi KXHYPEPERP	+0.0107%	8h	93.452	+0.159%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.350	+0.049%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.340	+0.039%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0246%	1h	93.298	−0.006%	$78K	$158K	15x	as long as short
HTX HYPE-USDT	+0.0269%	4h	93.471	+0.179%	$1.5M	$7.7M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.455	+0.162%	$2.8M	$6.8M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0296%	1h	93.401	+0.104%	$7.4M	$4.6M	50x	as long as short
BloFin HYPE-USDT	+0.0337%	4h	93.319	+0.016%	$16.9M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0159%	1h	93.329	+0.027%	$1.5M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.434	+0.140%	$20.8M	$28.8M	50x	as long as short