HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0157%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.011%

Price spread now: Pacifica against Bullet−0.178%45s7-day average −0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$230.228% of the position

Long on Bullet Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.317%−$32 · spread now −0.178%, 7d avg −0.002%

Together, before fees−0.303%+ Points / potential airdropPacifica: Active · farm board−$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.175% cheaper against Bullet than usual: you would sell low and buy high (spread −0.178% now, against its 7-day average of −0.002%). If the spread goes back, that is −$18 on $10k: about 3.7 days of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.014% in total) that is about 43 days. The two prices were read 45 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	92.785	−0.0057	get 0.0007% / 1h	52m 38s	$111K	$579K	20x
Short	Pacifica HYPE	92.620	0.0100	get 0.0013% / 1h	52m 38s	$10.0M	$14.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.178%Rate

Funding earned: $32.87
Price spread: −0.178% → −0.002%: −$17.53
Slippage, 4 orders: −$6.76
Fee Bullet: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$7.42
Costs to cover: 0.228%
Break-even: 8.6 days

Slippage from Bullet: live order book, 6 min ago; Pacifica: 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, 6 min ago	0.54 bp	7.8 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit
Sell Pacifica live order book, 1 min ago	0.22 bp	4.4 bp −$4	doesn't fit	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
Arcus HYPE-USD	−0.0948%	1h	92.446	−0.365%	$1.2M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0776%	1h	92.787	+0.002%	$195K	$227K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0109%	1h	92.767	−0.020%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	92.553	−0.250%	$86K	$351K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.573	−0.228%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0064%	1h	92.720	−0.070%	$699K	$1.1M	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0063%	4h	92.745	−0.043%	$158K	$663K	20x	as long as short
Bullet HYPE-USDlong	−0.0057%	1h	92.785	long leg	$111K	$579K	20x
dYdX HYPE-USD	0.0000%	1h	92.691	−0.101%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.840	+0.059%	$23K	$309K	10x	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 −0.0002%	1h	92.806	+0.023%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0006%	8h	92.719	−0.071%	$12.5M	$2.7M	50x	as long as short
Aster HYPEUSDT	+0.0006%	4h	92.666	−0.128%	$8.7M	$36.2M	300x	as long as short
Derive HYPE-PERP	+0.0010%	1h	92.729	−0.060%	$16.1M	$7.5M	10x	as long as short
BingX HYPE-USDT	+0.0032%	4h	92.576	−0.225%	—	$53.2M	—	as long as short
Bybit HYPEUSDT	+0.0037%	8h	92.580	−0.221%	$317.7M	$279.1M	75x	as long as short
Phoenix HYPE	+0.0043%	1h	92.855	+0.076%	$211K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0050%	4h	92.603	−0.196%	$44.5M	$54.5M	75x	as long as short
ApeX Omni HYPEUSDT	+0.0068%	1h	92.356	−0.462%	$337K	$1.0M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	92.576	−0.225%	$113.1M	$300.9M	50x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	92.552	−0.251%	$67K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0084%	4h	92.596	−0.203%	$87.8M	$80.1M	100x	as long as short
Binance HYPEUSDT	+0.0084%	4h	92.580	−0.221%	$372.3M	$892.0M	75x	as long as short
edgeX HYPEUSDC	+0.0090%	4h	92.792	+0.008%	$5.1M	$29.2M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0093%	8h	92.623	−0.174%	$338K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.597	−0.202%	$16.0M	$62.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.595	−0.204%	$3.1M	$11.6M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	92.540	−0.264%	$14K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.579	−0.221%	$5.8M	$43.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.659	−0.136%	$2.02B	$657.8M	10x	as long as short
Pacifica HYPEshort	+0.0100%	1h	92.620	−0.178%	$10.0M	$14.9M	20x
Bulk HYPE-USD	+0.0100%	1h	92.800	+0.016%	$202K	$13K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.604	−0.195%	$45.9M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.572	−0.229%	$224.0M	$97.5M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.698	−0.093%	$7.4M	$10.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.820	+0.038%	$28.4M	$57.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.596	−0.203%	$7.5M	$45.7M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.793	+0.009%	$665K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.646	−0.149%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.612	−0.186%	$468K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.839	+0.058%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.757	−0.030%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.873	+0.095%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.537	−0.268%	$18.1M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.787	+0.002%	$392K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.232%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.840	+0.060%	$4.7M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0260%	1h	92.568	−0.233%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0263%	8h	92.857	+0.078%	$1.8M	$5.4M	2.3x	as long as short
BloFin HYPE-USDT	+0.0325%	4h	92.787	+0.002%	$16.8M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0153%	1h	92.813	+0.031%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0332%	1h	92.793	+0.009%	$20.7M	$30.3M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0450%	1h	92.865	+0.087%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.626	−0.171%	$3.1M	$6.4M	20x	as long as short
Bluefin HYPE-PERP	+0.2119%	1h	92.750	−0.037%	$79K	$169K	20x	as long as short