HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: dYdX against Bulk+0.186%7-day average −0.035% · 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−$38as in the Price arb table

costs, in and out, $10k−$600.604% of the position

Long on Bulk Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.088%−$9 on $10k

Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.186%, 7d avg −0.035%

Together, before fees−0.290%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.222% dearer against Bulk than usual: you sell high and buy low (spread +0.186% now, against its 7-day average of −0.035%): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk HYPE-USD	94.332	0.0100	pay 0.0013% / 1h	46m 38s	$218K	$12K	10x
Short	dYdX HYPE-USD	94.507	0	get 0.0000% / 1h	46m 38s	$130K	$94K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.186%Rate

Funding earned: −$21
Price spread: +0.186% → −0.035%: $22.15
Slippage, 4 orders: −$43.42
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$59.27
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from Bulk: live order book, 57 min ago; dYdX: live order book, 57 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, 57 min ago	0.54 bp	4.0 bp −$4	5.9 bp −$59	13.0 bp −$1,300	31.4 bp −$15.7K
Sell dYdX live order book, 57 min ago	21.17 bp	26.2 bp −$26	58.6 bp −$586	136.4 bp −$13.6K	328.3 bp −$164.2K

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	−0.1280%	1h	94.261	−0.075%	$201K	$250K	7x	as long as short
Bluefin HYPE-PERP	−0.0333%	1h	94.456	+0.132%	$80K	$154K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0136%	1h	94.416	+0.089%	$22K	$21K	10x	as long as short
Bullet HYPE-USD	−0.0136%	1h	94.491	+0.169%	$112K	$575K	20x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	94.543	+0.224%	$87K	$366K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0098%	1h	94.480	+0.157%	$712K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.525	+0.205%	$3K	$331	25x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.499	+0.177%	$1.0M	$3.6M	10x	as long as short
Bybit HYPEUSDT	−0.0013%	8h	94.490	+0.168%	$317.7M	$289.4M	75x	as long as short
Derive HYPE-PERP	−0.0001%	1h	94.439	+0.114%	$16.5M	$7.5M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USDshort	0.0000%	1h	94.507	+0.186%	$130K	$94K	5x
Kalshi KXHYPEPERP	0.0000%	8h	94.580	+0.263%	$1.9M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.533	+0.214%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.537	+0.218%	$19K	$287K	10x	as long as short
Orderly PERP_HYPE_USDC	0.0000%	4h	94.485	+0.163%	$147K	$685K	20x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.516	+0.196%	$84K	—	150x	as long as short
Bitget HYPEUSDT	+0.0038%	4h	94.506	+0.185%	$227.2M	$100.2M	75x	as long as short
Phemex HYPEUSDT	+0.0041%	8h	94.463	+0.139%	$12.9M	$2.9M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0057%	1h	94.573	+0.256%	$7.4M	$4.3M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0060%	8h	94.553	+0.235%	$338K	$156K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.560	+0.242%	$4.7M	$6.2M	50x	as long as short
edgeX HYPEUSDC	+0.0084%	4h	94.405	+0.077%	$5.0M	$30.7M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0085%	8h	94.505	+0.184%	$117.8M	$324.8M	50x	as long as short
Lighter HYPE	+0.0088%	1h	94.502	+0.181%	$16.3M	$63.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.516	+0.195%	$3.2M	$10.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.523	+0.203%	$82K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.500	+0.179%	$29K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.532	+0.213%	$7.1M	$52.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.615	+0.300%	$2.08B	$689.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.525	+0.205%	$8.8M	$37.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.549	+0.230%	$10.2M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.511	+0.190%	$378.6M	$934.0M	75x	as long as short
Bulk HYPE-USDlong	+0.0100%	1h	94.332	long leg	$218K	$12K	10x
Gate HYPE_USDT	+0.0100%	4h	94.500	+0.179%	$49.6M	$56.3M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.511	+0.190%	$90.5M	$82.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.494	+0.172%	$47.2M	$18.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.514	+0.193%	—	$53.6M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.469	+0.146%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.347	+0.016%	$29.3M	$54.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.421	+0.095%	$7.6M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.435	+0.110%	$363K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.521	+0.201%	$683K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.584	+0.267%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.541	+0.222%	$496K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.589	+0.273%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.493	+0.171%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.650	+0.338%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.472	+0.149%	$18.3M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.482	+0.160%	$399K	$159K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0021%	1h	94.546	+0.227%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.500	+0.179%	$31K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.538	+0.219%	$20.3M	$30.2M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.540	+0.221%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.482	+0.160%	$84K	$124K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.486	+0.164%	$17.1M	$12.4M	75x	as long as short