HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.045%

Price spread now: 01 Exchange against Bluefin+0.020%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Bluefin Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.285%+$29 · spread now +0.020%, 7d avg +0.034%

Together, before fees+0.299%+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin HYPE-PERP	93.362	0.0100	pay 0.0013% / 1h	37m 23s	$79K	$170K	20x
Short	01 Exchange HYPEUSD	93.381	−0.0056	pay 0.0007% / 1h	37m 23s	$85K	$345K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.020%Rate

Funding earned: −$32.76
Price spread: +0.020% → +0.034%: −$1.34
Slippage, 4 orders: −$27.13
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$75.23
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from Bluefin: live order book, 27 min ago; 01 Exchange: live order book, 27 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, 27 min ago	4.82 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 27 min ago	0.80 bp	6.0 bp −$6	9.7 bp −$97	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	−0.1288%	1h	93.228	−0.143%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.198	−0.176%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0091%	1h	93.220	−0.152%	$700K	$981K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.301	−0.065%	$3K	$331	25x	as long as short
01 Exchange HYPEUSDshort	−0.0056%	1h	93.381	+0.020%	$85K	$345K	20x
Phemex HYPEUSDT	−0.0056%	8h	93.365	+0.003%	$12.6M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0051%	1h	93.372	+0.011%	$22K	$21K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0046%	4h	93.351	−0.012%	$156K	$633K	20x	as long as short
Bullet HYPE-USD	−0.0016%	1h	93.336	−0.028%	$111K	$577K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.361	−0.001%	$128K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.398	+0.039%	$23K	$322K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.385	+0.024%	$62K	—	150x	as long as short
Aster HYPEUSDT	+0.0016%	4h	93.338	−0.026%	$8.8M	$35.5M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.398	+0.039%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0026%	4h	93.364	+0.002%	—	$53.0M	—	as long as short
Bybit HYPEUSDT	+0.0032%	8h	93.355	−0.007%	$321.3M	$277.1M	75x	as long as short
Gate HYPE_USDT	+0.0052%	4h	93.356	−0.006%	$44.5M	$54.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0078%	8h	93.352	−0.011%	$114.2M	$302.0M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.322	−0.043%	$16.3M	$61.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.311	−0.055%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.371	+0.010%	$69K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0096%	4h	93.366	+0.004%	$89.8M	$80.7M	100x	as long as short
Binance HYPEUSDT	+0.0096%	4h	93.367	+0.005%	$378.9M	$876.4M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.336	−0.027%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.330	−0.034%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.299	−0.068%	$5.8M	$43.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.452	+0.096%	$2.04B	$653.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.343	−0.020%	$10.0M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.580	+0.233%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.395	+0.035%	$45.9M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.351	−0.012%	$225.7M	$96.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.246	−0.124%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.317	−0.048%	$31.1M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.307	−0.059%	$7.5M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.310	−0.056%	$339K	$999K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.326	−0.039%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.395	+0.036%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.390	+0.030%	$472K	$2.5M	20x	as long as short
Bluefin HYPE-PERPlong	+0.0100%	1h	93.362	long leg	$79K	$170K	20x
Derive HYPE-PERP	+0.0100%	1h	93.341	−0.023%	$16.2M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.423	+0.065%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.352	−0.011%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.314	−0.051%	$18.4M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.338	−0.026%	$397K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	93.349	−0.014%	$5.1M	$29.6M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.400	+0.041%	$4.8M	$5.6M	50x	as long as short
HTX HYPE-USDT	+0.0195%	4h	93.540	+0.191%	$1.4M	$6.0M	75x	as long as short
Reya HYPERUSDPERP	+0.0258%	1h	93.346	−0.017%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0277%	8h	93.353	−0.010%	$1.9M	$5.1M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.398	+0.039%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0337%	4h	93.271	−0.097%	$16.9M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0393%	1h	93.441	+0.085%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.423	+0.066%	$3.2M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.180	−0.195%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.423	+0.065%	$20.7M	$29.9M	50x	as long as short