HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h −0.060%

Price spread now: Aftermath Perps against Bluefin+0.028%55s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aftermath Perps is 0.028% dearer against Bluefin than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Bluefin HYPE-PERP	94.477	−0.0381	get 0.0048% / 1h	1m 31s	$80K	$152K	20x
Short	Aftermath Perps HYPEUSD	94.503	−0.0205	pay 0.0026% / 1h	1m 31s	$22K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bluefin. 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 BluefinbpFee Aftermath PerpsbpOrdersPrice spread, now +0.028%Rate

Funding earned: $37.13
Price spread: +0.028% → 0.000%: $2.78
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $23.9
Costs to cover: 0.160%
Break-even: 2.5 days

Slippage unknown: Bluefin: live order book, 38 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

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 Bluefin live order book, 38 min ago	1.75 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1496%	1h	94.529	+0.055%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERPlong	−0.0381%	1h	94.477	long leg	$80K	$152K	20x
Aftermath Perps HYPEUSDshort	−0.0205%	1h	94.503	+0.028%	$22K	$20K	10x
Ondo Perps HYPE-USD.P	−0.0202%	1h	94.460	−0.018%	$712K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0187%	1h	94.555	+0.082%	$112K	$575K	20x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	94.536	+0.062%	$88K	$363K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.527	+0.053%	$3K	$331	25x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.511	+0.036%	$1.0M	$3.5M	10x	as long as short
Bybit HYPEUSDT	−0.0017%	8h	94.530	+0.056%	$318.0M	$288.4M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0007%	4h	94.487	+0.011%	$147K	$686K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Derive HYPE-PERP	−0.0001%	1h	94.468	−0.009%	$16.3M	$7.3M	10x	as long as short
Lighter HYPE	0.0000%	1h	94.513	+0.038%	$16.4M	$64.8M	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.542	+0.069%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.598	+0.128%	$1.9M	$5.5M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.567	+0.095%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.545	+0.072%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.588	+0.117%	$124K	—	150x	as long as short
Bitget HYPEUSDT	+0.0014%	4h	94.550	+0.077%	$227.1M	$100.4M	75x	as long as short
Polymarket Perps HYPE-USD	+0.0025%	1h	94.561	+0.089%	$499K	$2.8M	20x	as long as short
Phemex HYPEUSDT	+0.0043%	8h	94.512	+0.037%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0046%	8h	94.543	+0.070%	$338K	$154K	20x	as long as short
SoDEX HYPE-USD	+0.0049%	1h	94.522	+0.048%	$2.1M	$1.9M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.550	+0.077%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0066%	8h	94.529	+0.055%	$118.0M	$325.7M	50x	as long as short
Vest HYPE-PERP	+0.0074%	1h	94.594	+0.124%	—	$190K	5x	as long as short
Gate HYPE_USDT	+0.0078%	4h	94.506	+0.031%	$50.6M	$57.0M	75x	as long as short
edgeX HYPEUSDC	+0.0084%	4h	94.460	−0.018%	$5.0M	$30.7M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.516	+0.041%	$3.2M	$10.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.543	+0.070%	$85K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.510	+0.035%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.523	+0.049%	$7.2M	$52.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.628	+0.160%	$2.08B	$688.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.532	+0.058%	$8.9M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.544	+0.071%	$10.2M	$14.8M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.545	+0.072%	$379.2M	$932.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.428	−0.052%	$218K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.562	+0.090%	$93.6M	$85.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.526	+0.052%	$47.0M	$18.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.512	+0.037%	—	$52.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.496	+0.020%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.362	−0.121%	$29.6M	$54.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.513	+0.038%	$7.6M	$44.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.461	−0.017%	$350K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.519	+0.044%	$695K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.619	+0.150%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.620	+0.151%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.495	+0.019%	$18.4M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.508	+0.033%	$400K	$153K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0022%	1h	94.564	+0.092%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.450	−0.029%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0215%	1h	94.607	+0.138%	$7.5M	$4.3M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0222%	1h	94.551	+0.079%	$20.3M	$30.2M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.560	+0.088%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.534	+0.060%	$83K	$121K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.486	+0.010%	$17.2M	$12.4M	75x	as long as short