HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0155%/8h= −16.9% APRnext payment −$0.77 per $10,000 · paid last 24h −0.080%

Price spread now: Bitget against BloFin−0.140%95s7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as 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−$290.291% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.543%−$54 on $10k

Price spread, last 3 days (all we have)+0.164%+$16 · spread now −0.140%, 7d avg −0.026%

Together, before fees−0.379%−$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.114% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.026%). Swap the legs. The two prices were read 95 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	BloFin HYPE-USDT	93.716	0.0255	pay 0.0127% / 4h	31m 36s	$17.0M	$12.6M	75x
Short	Bitget HYPEUSDT	93.585	0.0100	get 0.0050% / 4h	31m 36s	$226.6M	$102.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$32.46
Price spread: −0.140% → −0.026%: −$11.37
Slippage, 4 orders: −$5.09
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$72.92
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Bitget: 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 BloFin live order book, 2 min ago	0.05 bp	6.1 bp −$6	6.5 bp −$65	12.1 bp −$1,206	doesn't fit
Sell Bitget live order book, 3 min ago	0.05 bp	7.9 bp −$8	12.0 bp −$120	doesn't fit	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	−0.0776%	1h	93.755	+0.041%	$198K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0363%	1h	93.966	+0.267%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.511	−0.219%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.743	+0.029%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0050%	1h	93.570	−0.156%	$703K	$910K	10x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	93.671	−0.048%	$87K	$366K	20x	as long as short
Derive HYPE-PERP	−0.0020%	1h	93.663	−0.057%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.583	−0.142%	$127K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.702	−0.015%	$23K	$328K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.770	+0.058%	$26K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	+0.0003%	4h	93.733	+0.018%	$163K	$578K	20x	as long as short
Phoenix HYPE	+0.0009%	1h	94.133	+0.445%	$215K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0019%	8h	93.563	−0.163%	$321.6M	$283.1M	75x	as long as short
Aster HYPEUSDT	+0.0019%	4h	93.593	−0.132%	$8.9M	$36.0M	300x	as long as short
MEXC HYPE_USDT	+0.0058%	4h	93.597	−0.127%	$87.1M	$81.7M	100x	as long as short
Binance HYPEUSDT	+0.0059%	4h	93.590	−0.135%	$382.9M	$895.2M	75x	as long as short
Phemex HYPEUSDT	+0.0067%	8h	93.736	+0.021%	$12.8M	$2.6M	50x	as long as short
edgeX HYPEUSDC	+0.0081%	4h	94.027	+0.331%	$5.1M	$29.8M	30x	as long as short
Gate HYPE_USDT	+0.0082%	4h	93.584	−0.141%	$44.5M	$59.1M	75x	as long as short
Lighter HYPE	+0.0096%	1h	93.630	−0.092%	$18.8M	$60.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.601	−0.123%	$3.0M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.694	−0.023%	$63K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.697	−0.021%	$399K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.579	−0.146%	$340K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.600	−0.124%	$43K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.694	−0.024%	$5.7M	$44.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.617	−0.106%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.580	−0.145%	$115.2M	$319.8M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.577	−0.148%	$46.4M	$18.4M	75x	as long as short
Bitget HYPEUSDTshort	+0.0100%	4h	93.585	−0.140%	$226.6M	$102.7M	75x
BingX HYPE-USDT	+0.0100%	4h	93.582	−0.143%	—	$54.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.752	+0.038%	$7.8M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.974	+0.276%	$31.3M	$54.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.053	+0.360%	$7.6M	$45.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.935	+0.234%	$341K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.862	+0.156%	$679K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.749	+0.035%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.712	−0.004%	$491K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.709	−0.008%	$112K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.737	+0.022%	$76K	$170K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.763	+0.050%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.718	+0.002%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.120	+0.431%	$205K	$7K	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.410	+0.741%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.580	−0.146%	$18.4M	$42.8M	50x	as long as short
Kalshi KXHYPEPERP	+0.0133%	8h	93.734	+0.019%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	93.750	+0.036%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0219%	4h	93.850	+0.143%	$1.5M	$7.8M	75x	as long as short
Reya HYPERUSDPERP	+0.0249%	1h	93.689	−0.029%	$77K	$142K	15x	as long as short
BloFin HYPE-USDTlong	+0.0255%	4h	93.716	long leg	$17.0M	$12.6M	75x
RISEx HYPE/USDC	+0.0284%	1h	93.647	−0.074%	$2.8M	$6.9M	20x	as long as short
Hyperliquid HYPE	+0.0314%	1h	93.704	−0.013%	$2.04B	$675.8M	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0337% / S −0.0163%	1h	93.755	+0.042%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0347%	1h	93.821	+0.112%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0578%	1h	93.811	+0.101%	$20.9M	$29.3M	50x	as long as short