HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0498%/8h= +54.5% APRnext payment +$0.62 per $10,000 · paid last 24h +0.039%

Price spread now: RISEx against Bulk+0.099%7-day average −0.021% · 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−$5as in the Price arb table

costs, in and out, $10k−$170.167% of the position

Long on Bulk Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.120%+$12 on $10k

Price spread, last 4 days (all we have)+0.135%+$13 · spread now +0.099%, 7d avg −0.021%

Together, before fees+0.255%+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and RISEx is 0.120% dearer against Bulk than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.021%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.120% in total (about 12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk HYPE-USD	92.800	0.0100	pay 0.0013% / 1h	57m 38s	$202K	$13K	10x
Short	RISEx HYPE/USDC	92.891	0.0598	get 0.0075% / 1h	57m 38s	$3.2M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.099%Rate

Funding earned: $104.52
Price spread: +0.099% → −0.021%: $11.96
Slippage, 4 orders: −$3.75
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $99.72
Costs to cover: 0.167%
Break-even: 0.3 days

Slippage from Bulk: live order book, 61 min ago; RISEx: live order book, 1 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, 61 min ago	1.08 bp	4.6 bp −$5	6.5 bp −$65	15.2 bp −$1,521	44.9 bp −$22.4K
Sell RISEx live order book, 1 min ago	0.65 bp	3.6 bp −$4	4.9 bp −$49	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	−0.0472%	1h	92.744	−0.060%	$193K	$228K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0288%	1h	92.824	+0.026%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.736	−0.069%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.836	+0.039%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0077%	1h	92.815	+0.016%	$111K	$579K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0063%	4h	92.801	+0.001%	$157K	$653K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.772	−0.030%	$127K	$29K	5x	as long as short
Popdex HYPEUSDT	0.0000%	1h	92.826	+0.028%	$70K	$1.1M	50x	as long as short
Perpl HYPE	0.0000%	43m	92.832	+0.035%	$22K	$302K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.837	+0.040%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HYPEUSDT	+0.0036%	8h	92.839	+0.042%	$12.5M	$2.7M	50x	as long as short
Phoenix HYPE	+0.0043%	1h	92.952	+0.164%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0044%	8h	92.740	−0.065%	$316.0M	$281.7M	75x	as long as short
Gate HYPE_USDT	+0.0046%	4h	92.799	−0.001%	$44.4M	$53.4M	75x	as long as short
01 Exchange HYPEUSD	+0.0048%	1h	92.856	+0.060%	$87K	$362K	20x	as long as short
Aster HYPEUSDT	+0.0070%	4h	92.808	+0.008%	$8.7M	$36.2M	300x	as long as short
BingX HYPE-USDT	+0.0074%	4h	92.753	−0.051%	—	$53.8M	—	as long as short
Bitget HYPEUSDT	+0.0084%	4h	92.745	−0.059%	$224.5M	$98.7M	75x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	92.871	+0.077%	$4.9M	$29.6M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	92.790	−0.011%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.777	−0.025%	$16.0M	$62.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.772	−0.030%	$3.1M	$11.6M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0099%	8h	92.768	−0.034%	$113.8M	$303.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.820	+0.022%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.835	+0.038%	$7.4M	$45.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.839	+0.042%	$2.02B	$664.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.798	−0.002%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.775	−0.027%	$372.8M	$902.2M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	92.720	−0.086%	$698K	$1.1M	10x	as long as short
Bulk HYPE-USDlong	+0.0100%	1h	92.800	long leg	$202K	$13K	10x
MEXC HYPE_USDT	+0.0100%	4h	92.767	−0.036%	$88.0M	$79.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.792	−0.009%	$46.1M	$18.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.827	+0.029%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.859	+0.063%	$28.5M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.903	+0.111%	$7.5M	$46.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.856	+0.060%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.886	+0.093%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.883	+0.090%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.856	+0.060%	$468K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.806	+0.006%	$79K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.799	−0.002%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.803	+0.003%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.819	+0.020%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.956	+0.168%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.793	−0.008%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.829	+0.031%	$392K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.950	+0.162%	$4.7M	$5.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.892	+0.099%	$20.6M	$30.4M	50x	as long as short
Kalshi KXHYPEPERP	+0.0224%	8h	92.878	+0.084%	$1.8M	$5.4M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	92.870	+0.075%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0263%	1h	92.815	+0.016%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.826	+0.028%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.887	+0.094%	$16.8M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0385%	1h	92.909	+0.117%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDCshort	+0.0598%	1h	92.891	+0.099%	$3.2M	$6.4M	20x