HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Extended against Bluefin−0.028%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Bluefin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.028%, 7d avg −0.031%

Together, before fees+0.255%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin HYPE-PERP	95.280	0.0100	pay 0.0013% / 1h	57m 24s	$79K	$136K	20x
Short	Extended HYPE-USD	95.253	0.0104	get 0.0013% / 1h	57m 24s	$18.4M	$39.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0.84
Price spread: −0.028% → −0.031%: $0.28
Slippage, 4 orders: −$26.72
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$37.6
Costs to cover: 0.387%
Break-even: 320.4 days

Slippage from Bluefin: live order book, 54 min ago; Extended: live order book, 5 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 Bluefin live order book, 54 min ago	5.06 bp	16.5 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.05 bp	2.6 bp −$3	3.9 bp −$39	22.8 bp −$2,281	doesn't fit

HYPE on 54 exchanges

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	−0.1304%	1h	95.234	−0.049%	$213K	$261K	7x	as long as short
Bullet HYPE-USD	−0.0328%	1h	95.271	−0.009%	$114K	$582K	20x	as long as short
Phemex HYPEUSDT	−0.0282%	8h	95.237	−0.045%	$13.0M	$2.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.280	0.000%	$18.6M	$35.3M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0141%	1h	95.213	−0.070%	$22K	$17K	10x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.271	−0.009%	$1.1M	$2.4M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0086%	1h	95.140	−0.147%	$690K	$1.3M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.191	−0.093%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0070%	4h	95.269	−0.012%	$54.7M	$53.0M	75x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	95.307	+0.028%	$92K	$346K	20x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.310	+0.031%	$4.7M	$5.6M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0039%	4h	95.252	−0.029%	$148K	$643K	20x	as long as short
Aster HYPEUSDT	−0.0025%	4h	95.276	−0.004%	$9.0M	$33.0M	300x	as long as short
Lighter HYPE	−0.0024%	1h	95.259	−0.022%	$16.3M	$57.4M	20x	as long as short
OKX HYPE-USDT-SWAP	−0.0009%	8h	95.274	−0.006%	$119.3M	$304.4M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	95.259	−0.022%	$129K	$94K	5x	as long as short
Perpl HYPE	0.0000%	43m	95.283	+0.003%	$24K	$254K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.303	+0.025%	$100K	—	150x	as long as short
Bulk HYPE-USD	+0.0016%	1h	95.192	−0.092%	$232K	$12K	10x	as long as short
Phoenix HYPE	+0.0017%	1h	95.204	−0.080%	$201K	$945K	10x	as long as short
Bitget HYPEUSDT	+0.0020%	4h	95.268	−0.013%	$229.0M	$87.1M	75x	as long as short
Bybit HYPEUSDT	+0.0034%	8h	95.300	+0.021%	$321.2M	$267.0M	75x	as long as short
Popdex HYPEUSDT	+0.0040%	1h	95.292	+0.013%	$274K	$1.0M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0044%	1h	95.363	+0.087%	$7.5M	$4.3M	50x	as long as short
Vest HYPE-PERP	+0.0065%	1h	95.329	+0.051%	—	$80K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0073%	8h	95.280	0.000%	$340K	$35K	20x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	95.110	−0.179%	$5.1M	$29.5M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.291	+0.012%	$3.3M	$9.9M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.250	−0.031%	$39K	$1.5M	10x	as long as short
Binance HYPEUSDT	+0.0099%	4h	95.278	−0.002%	$382.9M	$857.5M	75x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.269	−0.012%	$7.3M	$52.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.311	+0.033%	$10.3M	$13.3M	20x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.267	−0.014%	$90.8M	$83.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.292	+0.013%	$48.1M	$17.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	95.281	+0.001%	—	$48.6M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.326	+0.048%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.143	−0.144%	$30.0M	$53.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.256	−0.025%	$7.7M	$39.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.191	−0.093%	$347K	$883K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.243	−0.039%	$693K	$2.8M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.301	+0.022%	$504K	$2.5M	20x	as long as short
Bluefin HYPE-PERPlong	+0.0100%	1h	95.280	long leg	$79K	$136K	20x
SunX HYPE-USDT	+0.0100%	4h	95.372	+0.097%	$33K	$1.4M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.281	+0.001%	$2.1M	$373K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.397	+0.123%	$1.4M	$5.4M	75x	as long as short
Extended HYPE-USDshort	+0.0104%	1h	95.253	−0.028%	$18.4M	$39.9M	50x
Aevo HYPE-PERP	+0.0104%	1h	95.272	−0.008%	$403K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0122%	8h	95.349	+0.072%	$1.8M	$5.1M	2.3x	as long as short
Hyperliquid HYPE	+0.0129%	1h	95.378	+0.103%	$2.11B	$649.9M	10x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.282	+0.002%	$3.2M	$5.5M	20x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	95.248	−0.034%	$85K	$100K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.307	+0.029%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.205	−0.079%	$17.3M	$11.6M	75x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.400	+0.126%	$31K	$334K	12x	as long as short