HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.010%

Price spread now: ApeX Omni against Bullet+0.044%66s7-day average −0.016% · 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—prices read too far apart to compare

costs, in and out, $10k−$330.334% of the position

Long on Bullet Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.207%−$21 · spread now +0.044%, 7d avg −0.016%

Together, before fees−0.194%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.060% dearer against Bullet than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.016%. The two prices were read 66 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	Bullet HYPE-USD	92.815	−0.0077	get 0.0010% / 1h	57m 40s	$111K	$579K	20x
Short	ApeX Omni HYPEUSDT	92.856	0.0100	get 0.0013% / 1h	57m 40s	$350K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bullet. 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 BulletbpFee ApeX OmnibpOrdersPrice spread, now +0.044%Rate

Funding earned: $37.17
Price spread: +0.044% → −0.016%: $6.03
Slippage, 4 orders: −$15.44
Fee Bullet: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $9.76
Costs to cover: 0.334%
Break-even: 5.2 days

Slippage from Bullet: live order book, 61 min ago; ApeX Omni: 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 Bullet live order book, 61 min ago	0.54 bp	7.8 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 1 min ago	3.07 bp	9.9 bp −$10	12.7 bp −$127	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	−0.076%	$193K	$228K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0288%	1h	92.824	+0.010%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.736	−0.085%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.836	+0.023%	$3K	$331	25x	as long as short
Bullet HYPE-USDlong	−0.0077%	1h	92.815	long leg	$111K	$579K	20x
Orderly PERP_HYPE_USDC	−0.0063%	4h	92.801	−0.015%	$157K	$653K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.772	−0.046%	$127K	$29K	5x	as long as short
Popdex HYPEUSDT	0.0000%	1h	92.826	+0.012%	$70K	$1.1M	50x	as long as short
Perpl HYPE	0.0000%	43m	92.832	+0.019%	$22K	$302K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.837	+0.023%	$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	+0.026%	$12.5M	$2.7M	50x	as long as short
Phoenix HYPE	+0.0043%	1h	92.952	+0.148%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0044%	8h	92.740	−0.081%	$316.0M	$281.7M	75x	as long as short
Gate HYPE_USDT	+0.0046%	4h	92.799	−0.017%	$44.4M	$53.4M	75x	as long as short
01 Exchange HYPEUSD	+0.0048%	1h	92.856	+0.044%	$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	−0.067%	—	$53.8M	—	as long as short
Bitget HYPEUSDT	+0.0084%	4h	92.745	−0.075%	$224.5M	$98.7M	75x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	92.871	+0.060%	$4.9M	$29.6M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	92.790	−0.027%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.777	−0.041%	$16.0M	$62.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.772	−0.046%	$3.1M	$11.6M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0099%	8h	92.768	−0.051%	$113.8M	$303.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.820	+0.005%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.835	+0.022%	$7.4M	$45.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.839	+0.026%	$2.02B	$664.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.798	−0.018%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.775	−0.043%	$372.8M	$902.2M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	92.720	−0.102%	$698K	$1.1M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.800	−0.016%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.767	−0.052%	$88.0M	$79.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.792	−0.025%	$46.1M	$18.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.827	+0.013%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.859	+0.047%	$28.5M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.903	+0.095%	$7.5M	$46.3M	10x	as long as short
ApeX Omni HYPEUSDTshort	+0.0100%	1h	92.856	+0.044%	$350K	$1.0M	50x
StandX HYPE-USD	+0.0100%	1h	92.886	+0.076%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.883	+0.073%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.856	+0.044%	$468K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.806	−0.010%	$79K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.799	−0.018%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.803	−0.013%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.819	+0.004%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.956	+0.152%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.793	−0.024%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.829	+0.015%	$392K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.950	+0.145%	$4.7M	$5.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.892	+0.083%	$20.6M	$30.4M	50x	as long as short
Kalshi KXHYPEPERP	+0.0224%	8h	92.878	+0.068%	$1.8M	$5.4M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	92.870	+0.059%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0263%	1h	92.815	0.000%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.826	+0.012%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.887	+0.078%	$16.8M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0385%	1h	92.909	+0.101%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.891	+0.082%	$3.2M	$6.4M	20x	as long as short