HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.13 per $10,000 · paid last 24h −0.029%

Price spread now: Coinbase International against Bulk−0.007%7-day average −0.072% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Bulk Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.151%−$15 on $10k

Price spread, last 3 days (all we have)−0.314%−$31 · spread now −0.007%, 7d avg −0.072%

Together, before fees−0.465%−$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.065% dearer against Bulk than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.072%. Mind the row above: over the last 3 days funding on this pair cost −0.151%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk HYPE-USD	93.386	0.0100	pay 0.0013% / 1h	56m 24s	$204K	$12K	10x
Short	Coinbase International HYPE-PERP-INTX	93.380	0.0208	get 0.0026% / 1h	56m 24s	$4.9M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bulk. 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 BulkbpFee Coinbase InternationalbpOrdersPrice spread, now −0.007%Rate

Funding earned: $22.68
Price spread: −0.007% → −0.072%: $6.54
Slippage, 4 orders: −$10.67
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $1.55
Costs to cover: 0.277%
Break-even: 6.5 days

Slippage from Bulk: live order book, 32 min ago; Coinbase International: 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 Bulk live order book, 32 min ago	0.53 bp	4.0 bp −$4	6.7 bp −$67	14.0 bp −$1,405	44.7 bp −$22.4K
Sell Coinbase International live order book, 3 min ago	3.21 bp	10.1 bp −$10	13.7 bp −$137	31.9 bp −$3,185	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	−0.1360%	1h	93.304	−0.088%	$197K	$239K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0119%	1h	93.260	−0.135%	$699K	$952K	10x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	93.253	−0.143%	$89K	$340K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0084%	1h	93.353	−0.035%	$22K	$22K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.294	−0.099%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0002%	4h	93.279	−0.115%	$44.1M	$56.1M	75x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.341	−0.049%	$127K	$33K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.419	+0.035%	$1.9M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.252	−0.144%	$24K	$343K	10x	as long as short
Aster HYPEUSDT	+0.0002%	4h	93.259	−0.136%	$8.9M	$36.5M	300x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.320	−0.071%	$20K	—	150x	as long as short
Popdex HYPEUSDT	+0.0032%	1h	93.252	−0.144%	$56K	$1.2M	50x	as long as short
Bybit HYPEUSDT	+0.0041%	8h	93.240	−0.157%	$325.0M	$289.1M	75x	as long as short
Derive HYPE-PERP	+0.0058%	1h	93.260	−0.135%	$16.4M	$7.1M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0078%	4h	93.315	−0.076%	$180K	$537K	20x	as long as short
Bluefin HYPE-PERP	+0.0079%	1h	93.301	−0.091%	$76K	$168K	20x	as long as short
Phoenix HYPE	+0.0094%	1h	93.444	+0.062%	$216K	$1.1M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.353	−0.035%	$18.5M	$58.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.322	−0.069%	$3.1M	$12.3M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.300	−0.092%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.300	−0.092%	$6.0M	$44.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.339	−0.050%	$2.03B	$674.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.327	−0.063%	$10.0M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.264	−0.131%	$386.0M	$891.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.246	−0.150%	$114.6M	$315.9M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.246	−0.150%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USDlong	+0.0100%	1h	93.386	long leg	$204K	$12K	10x
MEXC HYPE_USDT	+0.0100%	4h	93.260	−0.135%	$91.9M	$81.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.259	−0.136%	$46.2M	$19.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.265	−0.130%	$226.6M	$102.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.277	−0.117%	—	$54.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.345	−0.044%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.466	+0.086%	$28.9M	$50.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.403	+0.018%	$7.5M	$46.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.402	+0.017%	$405K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.361	−0.027%	$675K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.317	−0.074%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.304	−0.088%	$493K	$2.6M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.282	−0.112%	$112K	$583K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.291	−0.102%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.296	−0.097%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.351	−0.038%	$12.7M	$2.6M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.327	−0.064%	$339K	$171K	20x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.255	−0.140%	$18.4M	$41.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.318	−0.073%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	93.382	−0.004%	$5.1M	$29.4M	30x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0208%	1h	93.380	−0.007%	$4.9M	$5.7M	50x
Reya HYPERUSDPERP	+0.0244%	1h	93.284	−0.109%	$77K	$157K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.220	−0.178%	$30K	$231K	12x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0165%	1h	93.331	−0.059%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.309	−0.083%	$17.2M	$12.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0371%	1h	93.414	+0.030%	$7.4M	$4.6M	50x	as long as short
HTX HYPE-USDT	+0.0432%	4h	93.459	+0.078%	$1.5M	$7.6M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.319	−0.072%	$2.7M	$6.9M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0574%	1h	93.440	+0.057%	$18.7M	$24.8M	50x	as long as short