HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0193%/8h= −21.1% APRnext payment −$0.96 per $10,000 · paid last 24h −0.066%

Price spread now: SunX against BloFin−0.030%55s7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as 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−$700.702% of the position

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.459%−$46 on $10k

Price spread, last 3 days (all we have)+0.136%+$14 · spread now −0.030%, 7d avg +0.057%

Together, before fees−0.323%−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SunX is 0.087% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.057%). Swap the legs. The two prices were read 55 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	94.084	0.0293	pay 0.0146% / 4h	52m 03s	$17.0M	$12.4M	75x
Short	SunX HYPE-USDT	94.056	0.0100	get 0.0050% / 4h	52m 03s	$32K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$40.47
Price spread: −0.030% → +0.057%: −$8.71
Slippage, 4 orders: −$50.2
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$119.38
Costs to cover: 0.702%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; SunX: 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, 7 min ago	0.11 bp	6.3 bp −$6	7.5 bp −$75	12.0 bp −$1,201	doesn't fit
Sell SunX live order book, 3 min ago	19.37 bp	33.7 bp −$34	doesn't fit	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	−0.0552%	1h	93.903	−0.192%	$199K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0474%	1h	93.863	−0.235%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.972	−0.119%	$1.2M	$3.8M	10x	as long as short
ApeX Omni HYPEUSDT	−0.0160%	1h	93.896	−0.200%	$349K	$1.1M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.006	−0.083%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.092	+0.009%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.058	−0.028%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.048	−0.038%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	94.035	−0.052%	$215K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0014%	4h	94.059	−0.027%	$176K	$526K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	+0.0021%	8h	94.073	−0.012%	$324.7M	$281.1M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0022%	1h	93.990	−0.100%	$703K	$907K	10x	as long as short
Aster HYPEUSDT	+0.0031%	4h	94.071	−0.014%	$8.9M	$35.8M	300x	as long as short
Phemex HYPEUSDT	+0.0070%	8h	93.985	−0.105%	$12.8M	$2.6M	50x	as long as short
Gate HYPE_USDT	+0.0070%	4h	94.054	−0.032%	$44.5M	$57.9M	75x	as long as short
MEXC HYPE_USDT	+0.0072%	4h	94.104	+0.021%	$90.5M	$80.5M	100x	as long as short
edgeX HYPEUSDC	+0.0073%	4h	93.924	−0.170%	$5.1M	$29.7M	30x	as long as short
Binance HYPEUSDT	+0.0076%	4h	94.091	+0.007%	$386.6M	$888.2M	75x	as long as short
Derive HYPE-PERP	+0.0082%	1h	93.978	−0.113%	$16.5M	$6.9M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.101	+0.018%	$19.1M	$59.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.087	+0.003%	$3.1M	$12.2M	20x	as long as short
01 Exchange HYPEUSD	+0.0096%	1h	94.080	−0.004%	$87K	$363K	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.054	−0.032%	$63K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.063	−0.022%	$400K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.089	+0.005%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.100	+0.017%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.050	−0.036%	$5.9M	$44.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.084	0.000%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.094	+0.011%	$116.0M	$317.6M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.073	−0.012%	$47.2M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.122	+0.040%	$228.1M	$102.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.072	−0.013%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.087	+0.003%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.882	−0.214%	$32.1M	$53.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.938	−0.155%	$7.6M	$45.5M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.059	−0.027%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.082	−0.002%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.072	−0.013%	$485K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	94.021	−0.067%	$113K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.031	−0.056%	$76K	$166K	20x	as long as short
SunX HYPE-USDTshort	+0.0100%	4h	94.056	−0.030%	$32K	$1.6M	20x
SoDEX HYPE-USD	+0.0100%	1h	94.052	−0.034%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.680	−0.429%	$205K	$7K	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.170	+0.091%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.093	+0.010%	$18.7M	$42.1M	50x	as long as short
Kalshi KXHYPEPERP	+0.0124%	8h	94.122	+0.040%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.110	+0.028%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0226%	4h	94.235	+0.160%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	94.033	−0.055%	$77K	$142K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0281%	1h	94.144	+0.064%	$7.4M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.099	+0.015%	$2.8M	$6.8M	20x	as long as short
BloFin HYPE-USDTlong	+0.0293%	4h	94.084	long leg	$17.0M	$12.4M	75x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	94.031	−0.057%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0576%	1h	94.165	+0.086%	$21.1M	$29.0M	50x	as long as short
Hyperliquid HYPE	+0.0744%	1h	94.143	+0.063%	$2.05B	$666.1M	10x	as long as short