HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0097%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.043%

Price spread now: gTrade (Gains Network) against Bluefin−0.020%56s7-day average — · you buy dearer than you sell

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

Long on Bluefin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.020% cheaper against Bluefin than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 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	94.202	0.0100	pay 0.0013% / 1h	47m 28s	$76K	$167K	20x
Short	gTrade (Gains Network) HYPE/USD	94.183	L +0.0002% / S −0.0003%	get 0.0000% / 1h	47m 28s	$27K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.020%Rate

Funding earned: −$20.43
Price spread: −0.020% → 0.000%: −$2.02
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$39.45
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bluefin: live order book, 32 min ago; gTrade (Gains Network): 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, 32 min ago	2.73 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0608%	1h	94.153	−0.052%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0456%	1h	94.045	−0.167%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	94.086	−0.123%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.219	+0.018%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.266	+0.068%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.183	−0.020%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0003%	1h	94.183	−0.020%	$27K	—	150x
Phoenix HYPE	+0.0009%	1h	94.176	−0.028%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0013%	4h	94.210	+0.008%	$170K	$534K	20x	as long as short
Bybit HYPEUSDT	+0.0022%	8h	94.170	−0.034%	$324.8M	$281.3M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0043%	4h	94.194	−0.008%	$8.9M	$35.8M	300x	as long as short
Ondo Perps HYPE-USD.P	+0.0050%	1h	94.100	−0.108%	$704K	$908K	10x	as long as short
Phemex HYPEUSDT	+0.0056%	8h	94.184	−0.019%	$12.8M	$2.6M	50x	as long as short
01 Exchange HYPEUSD	+0.0072%	1h	94.168	−0.036%	$86K	$364K	20x	as long as short
Gate HYPE_USDT	+0.0074%	4h	94.166	−0.038%	$44.3M	$58.3M	75x	as long as short
MEXC HYPE_USDT	+0.0074%	4h	94.174	−0.030%	$88.4M	$81.0M	100x	as long as short
Binance HYPEUSDT	+0.0079%	4h	94.177	−0.027%	$385.9M	$889.3M	75x	as long as short
edgeX HYPEUSDC	+0.0079%	4h	94.119	−0.088%	$5.1M	$29.8M	30x	as long as short
Derive HYPE-PERP	+0.0095%	1h	94.162	−0.043%	$16.5M	$6.9M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.234	+0.033%	$19.1M	$59.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.214	+0.013%	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.149	−0.056%	$64K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.176	−0.027%	$342K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.180	−0.023%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.152	−0.053%	$5.8M	$44.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.212	+0.011%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.172	−0.032%	$116.0M	$319.1M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.095	−0.113%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.192	−0.011%	$47.3M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.173	−0.031%	$228.0M	$102.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.165	−0.039%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.234	+0.034%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.073	−0.137%	$32.2M	$53.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.151	−0.054%	$7.6M	$45.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.127	−0.080%	$336K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.194	−0.008%	$681K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.237	+0.037%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.202	0.000%	$486K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	94.174	−0.030%	$113K	$577K	20x	as long as short
Bluefin HYPE-PERPlong	+0.0100%	1h	94.202	long leg	$76K	$167K	20x
SunX HYPE-USDT	+0.0100%	4h	94.234	+0.034%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.211	+0.010%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.090	−0.119%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.138	−0.068%	$18.7M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.244	+0.045%	$401K	$318K	20x	as long as short
Kalshi KXHYPEPERP	+0.0126%	8h	94.279	+0.082%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.310	+0.115%	$5.0M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0232%	4h	94.343	+0.150%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	94.167	−0.038%	$77K	$142K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0280%	1h	94.307	+0.111%	$7.4M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.198	−0.005%	$2.8M	$6.9M	20x	as long as short
BloFin HYPE-USDT	+0.0303%	4h	94.117	−0.090%	$17.0M	$12.3M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0341% / S −0.0165%	1h	94.212	+0.010%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0575%	1h	94.322	+0.127%	$21.1M	$29.1M	50x	as long as short
Hyperliquid HYPE	+0.0685%	1h	94.273	+0.075%	$2.06B	$667.7M	10x	as long as short