HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0163%/8h= −17.9% APRnext payment −$0.82 per $10,000 · paid last 24h −0.018%

Price spread now: HTX against BloFin+0.186%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.429%−$43 on $10k

Price spread, last 4 days (all we have)−0.187%−$19 · spread now +0.186%, 7d avg +0.041%

Together, before fees−0.616%−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.145% dearer against BloFin than usual: you sell high and buy low (spread +0.186% now, against its 7-day average of +0.041%): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin HYPE-USDT	92.981	0.0340	pay 0.0170% / 4h	3h 50m	$16.7M	$11.7M	75x
Short	HTX HYPE-USDT	93.154	0.0177	get 0.0088% / 4h	3h 50m	$1.4M	$6.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.186%Rate

Funding earned: −$34.27
Price spread: +0.186% → +0.041%: $14.48
Slippage, 4 orders: −$11.34
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$55.14
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; HTX: 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, 3 min ago	0.05 bp	7.2 bp −$7	8.4 bp −$84	13.0 bp −$1,300	doesn't fit
Sell HTX live order book, 3 min ago	0.05 bp	11.5 bp −$12	15.3 bp −$153	47.9 bp −$4,790	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	−0.0640%	1h	92.840	−0.152%	$194K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0266%	1h	92.907	−0.079%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.889	−0.099%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.022	+0.044%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0061%	4h	92.956	−0.027%	$158K	$660K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.948	−0.036%	$127K	$29K	5x	as long as short
Gate HYPE_USDT	0.0000%	4h	92.941	−0.043%	$44.7M	$53.7M	75x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.067	+0.092%	$1.8M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.012	+0.034%	$22K	$301K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.042	+0.065%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix HYPE	+0.0026%	1h	93.032	+0.055%	$210K	$1.2M	10x	as long as short
Ondo Perps HYPE-USD.P	+0.0031%	1h	92.910	−0.076%	$699K	$1.1M	10x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	92.906	−0.081%	$316.3M	$282.4M	75x	as long as short
Phemex HYPEUSDT	+0.0038%	8h	92.947	−0.037%	$12.6M	$2.7M	50x	as long as short
01 Exchange HYPEUSD	+0.0064%	1h	93.050	+0.074%	$87K	$362K	20x	as long as short
Bitget HYPEUSDT	+0.0078%	4h	92.909	−0.077%	$225.1M	$99.0M	75x	as long as short
edgeX HYPEUSDC	+0.0086%	4h	92.935	−0.049%	$4.9M	$29.6M	30x	as long as short
Aster HYPEUSDT	+0.0088%	4h	92.990	+0.010%	$8.7M	$36.2M	300x	as long as short
Lighter HYPE	+0.0096%	1h	92.963	−0.019%	$16.1M	$62.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.953	−0.030%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.017	+0.039%	$70K	$1.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	92.948	−0.035%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.870	−0.119%	$39K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.007	+0.029%	$7.5M	$45.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.016	+0.038%	$2.03B	$665.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.947	−0.036%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.940	−0.044%	$373.8M	$903.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.907	−0.080%	$114.0M	$304.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.942	−0.042%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.915	−0.071%	$87.6M	$79.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.946	−0.038%	$46.2M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.922	−0.063%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.977	−0.004%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.989	+0.008%	$28.6M	$57.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.015	+0.037%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.928	−0.057%	$351K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.011	+0.032%	$668K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.055	+0.079%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.056	+0.081%	$469K	$2.6M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.023	+0.046%	$112K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.971	−0.011%	$79K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.965	−0.017%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.009	+0.030%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.975	−0.006%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.879	−0.110%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.985	+0.004%	$393K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.080	+0.106%	$4.7M	$5.6M	50x	as long as short
HTX HYPE-USDTshort	+0.0177%	4h	93.154	+0.186%	$1.4M	$6.3M	75x
Kraken Futures PF_HYPEUSD	+0.0197%	1h	93.050	+0.075%	$20.6M	$30.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.150	+0.182%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0264%	1h	93.014	+0.035%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	93.015	+0.036%	$1.4M	—	100x	as long as short
BloFin HYPE-USDTlong	+0.0340%	4h	92.981	long leg	$16.7M	$11.7M	75x
Deribit HYPE_USDC-PERPETUAL	+0.0460%	1h	93.073	+0.099%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.990	+0.010%	$3.2M	$6.4M	20x	as long as short