HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h +0.006%

Price spread now: StandX against Bullet−0.079%7-day average −0.011% · 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−$35as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Bullet Short on StandX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.079%, 7d avg −0.011%

Together, before fees+0.069%+ Points / potential airdropStandX: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.068% cheaper against Bullet than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.011%). If the spread goes back, that is −$7 on $10k: about 8.0 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.010% in total) that is about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet HYPE-USD	94.038	0.0072	pay 0.0009% / 1h	0m 44s	$112K	$578K	20x
Short	StandX HYPE-USD	93.964	0.0100	get 0.0013% / 1h	0m 44s	$679K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.079%Rate

Funding earned: $5.91
Price spread: −0.079% → −0.011%: −$6.75
Slippage, 4 orders: −$11.77
Fee Bullet: 4 bp × 2 orders: −$8
Fee StandX: 4 bp × 2 orders: −$8
Net: −$28.61
Costs to cover: 0.278%
Break-even: 40.9 days

Slippage from Bullet: live order book, 13 min ago; StandX: 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 Bullet live order book, 13 min ago	0.27 bp	7.1 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit
Sell StandX live order book, 3 min ago	1.33 bp	5.3 bp −$5	5.6 bp −$56	14.1 bp −$1,406	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	−0.1400%	1h	93.873	−0.176%	$199K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0343%	1h	93.963	−0.080%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.874	−0.174%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0133%	1h	93.930	−0.115%	$705K	$925K	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.013	−0.027%	$86K	$368K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.983	−0.058%	$3K	$331	25x	as long as short
Derive HYPE-PERP	−0.0011%	1h	93.993	−0.048%	$16.4M	$7.2M	10x	as long as short
dYdX HYPE-USD	−0.0007%	1h	93.976	−0.066%	$128K	$30K	5x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	94.054	+0.017%	$169K	$594K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.002	−0.038%	$23K	$329K	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 −0.0003%	1h	94.074	+0.038%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	93.898	−0.149%	$217K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0017%	8h	94.030	−0.008%	$323.6M	$284.0M	75x	as long as short
Aster HYPEUSDT	+0.0018%	4h	94.041	+0.003%	$8.9M	$36.1M	300x	as long as short
Phemex HYPEUSDT	+0.0026%	8h	94.000	−0.040%	$12.8M	$2.6M	50x	as long as short
Binance HYPEUSDT	+0.0046%	4h	94.043	+0.005%	$384.4M	$898.7M	75x	as long as short
MEXC HYPE_USDT	+0.0046%	4h	94.041	+0.003%	$88.5M	$82.3M	100x	as long as short
edgeX HYPEUSDC	+0.0057%	4h	94.017	−0.023%	$5.1M	$29.7M	30x	as long as short
Popdex HYPEUSDT	+0.0064%	1h	94.015	−0.024%	$60K	$1.2M	50x	as long as short
Gate HYPE_USDT	+0.0068%	4h	94.036	−0.002%	$44.2M	$60.1M	75x	as long as short
Bullet HYPE-USDlong	+0.0072%	1h	94.038	long leg	$112K	$578K	20x
OKX HYPE-USDT-SWAP	+0.0088%	8h	94.036	−0.002%	$116.0M	$323.1M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.096	+0.062%	$18.9M	$60.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.070	+0.034%	$3.1M	$12.4M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.068	+0.032%	$400K	$318K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	94.040	+0.002%	$42K	$1.6M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.030	−0.008%	$342K	$171K	20x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.014	−0.025%	$6.6M	$44.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.143	+0.112%	$2.05B	$680.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.017	−0.022%	$10.1M	$14.5M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.889	−0.159%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.045	+0.008%	$46.6M	$18.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.045	+0.008%	$227.8M	$102.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.035	−0.003%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.082	+0.047%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.972	−0.070%	$31.4M	$54.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.864	−0.185%	$7.6M	$45.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.055	+0.018%	$340K	$1.1M	50x	as long as short
StandX HYPE-USDshort	+0.0100%	1h	93.964	−0.079%	$679K	$2.5M	20x
Vest HYPE-PERP	+0.0100%	1h	94.052	+0.015%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.062	+0.026%	$472K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.071	+0.035%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.060	+0.023%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.059	+0.022%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.410	+0.396%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.017	−0.022%	$18.4M	$42.8M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.070	+0.034%	$4.9M	$5.7M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0156% / S +0.0022%	1h	94.067	+0.031%	$1.5M	—	100x	as long as short
Kalshi KXHYPEPERP	+0.0159%	8h	94.096	+0.062%	$1.9M	$5.1M	2.3x	as long as short
BloFin HYPE-USDT	+0.0183%	4h	94.000	−0.040%	$17.0M	$12.6M	75x	as long as short
HTX HYPE-USDT	+0.0194%	4h	94.200	+0.172%	$1.5M	$7.8M	75x	as long as short
Reya HYPERUSDPERP	+0.0250%	1h	94.030	−0.009%	$77K	$142K	15x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.041	+0.004%	$2.8M	$6.9M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0409%	1h	94.166	+0.136%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0576%	1h	94.158	+0.128%	$21.1M	$29.5M	50x	as long as short