HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0221%/8h= −24.2% APRnext payment −$1.10 per $10,000 · paid last 24h −0.066%

Price spread now: KuCoin against BloFin+0.076%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.469%−$47 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.076%, 7d avg −0.012%

Together, before fees−0.416%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.088% dearer against BloFin than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of −0.012%): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin HYPE-USDT	92.305	0.0321	pay 0.0160% / 4h	40m 46s	$16.7M	$11.5M	75x
Short	KuCoin HYPEUSDTM	92.375	0.0100	get 0.0050% / 4h	40m 46s	$45.8M	$18.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$46.33
Price spread: +0.076% → −0.012%: $8.75
Slippage, 4 orders: −$11.67
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$73.25
Costs to cover: 0.357%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; KuCoin: 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	0.16 bp	6.3 bp −$6	6.6 bp −$66	9.1 bp −$910	doesn't fit
Sell KuCoin live order book, 3 min ago	1.19 bp	11.0 bp −$11	17.7 bp −$177	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
Arcus HYPE-USD	−0.0948%	1h	92.226	−0.086%	$1.2M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0520%	1h	92.314	+0.010%	$193K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0170%	1h	92.291	−0.015%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	92.308	+0.003%	$85K	$355K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.305	0.000%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0069%	4h	92.270	−0.038%	$157K	$663K	20x	as long as short
Bullet HYPE-USD	−0.0062%	1h	92.271	−0.037%	$110K	$579K	20x	as long as short
Aster HYPEUSDT	−0.0007%	4h	92.349	+0.047%	$8.7M	$36.4M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.312	+0.008%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.261	−0.048%	$22K	$310K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.296	−0.010%	$61K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0020%	1h	92.240	−0.070%	$695K	$1.1M	10x	as long as short
BingX HYPE-USDT	+0.0030%	4h	92.400	+0.103%	—	$53.3M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.246	−0.064%	$209K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0052%	8h	92.390	+0.092%	$316.0M	$281.2M	75x	as long as short
Gate HYPE_USDT	+0.0058%	4h	92.417	+0.121%	$44.3M	$54.9M	75x	as long as short
Phemex HYPEUSDT	+0.0066%	8h	92.321	+0.017%	$12.5M	$2.7M	50x	as long as short
Derive HYPE-PERP	+0.0070%	1h	92.270	−0.038%	$16.0M	$7.5M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0077%	8h	92.403	+0.106%	$113.0M	$302.4M	50x	as long as short
MEXC HYPE_USDT	+0.0080%	4h	92.411	+0.115%	$87.2M	$80.5M	100x	as long as short
Binance HYPEUSDT	+0.0081%	4h	92.411	+0.115%	$370.5M	$900.1M	75x	as long as short
edgeX HYPEUSDC	+0.0089%	4h	92.287	−0.019%	$4.9M	$29.5M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0091%	8h	92.331	+0.028%	$338K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.320	+0.017%	$16.0M	$62.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.310	+0.005%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.298	−0.008%	$68K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.260	−0.049%	$29K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.291	−0.015%	$6.1M	$43.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.449	+0.156%	$2.01B	$665.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.320	+0.016%	$10.0M	$15.0M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.245	−0.065%	$201K	$13K	10x	as long as short
KuCoin HYPEUSDTMshort	+0.0100%	4h	92.375	+0.076%	$45.8M	$18.3M	75x
Bitget HYPEUSDT	+0.0100%	4h	92.398	+0.101%	$224.2M	$98.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.320	+0.016%	$7.4M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.258	−0.051%	$28.3M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.209	−0.104%	$7.5M	$45.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.186	−0.129%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.325	+0.022%	$663K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.324	+0.021%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.292	−0.014%	$475K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.271	−0.037%	$78K	$169K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.330	+0.027%	$31K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.306	+0.001%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.404	+0.107%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.387	+0.089%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.275	−0.033%	$390K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.753%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.380	+0.081%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0255%	8h	92.333	+0.030%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0261%	1h	92.266	−0.043%	$79K	$138K	15x	as long as short
BloFin HYPE-USDTlong	+0.0321%	4h	92.305	long leg	$16.7M	$11.5M	75x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.301	−0.004%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0333%	1h	92.355	+0.055%	$20.5M	$30.4M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0487%	1h	92.391	+0.093%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.374	+0.075%	$3.1M	$6.4M	20x	as long as short