HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.011%

Price spread now: Aevo against Coinbase International−0.076%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on Coinbase International Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.076%, 7d avg +0.028%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aevo is 0.104% cheaper against Coinbase International than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.028%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.109%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	93.160	0.0176	pay 0.0022% / 1h	15m 21s	$4.8M	$5.6M	50x
Short	Aevo HYPE-PERP	93.090	0.0104	get 0.0013% / 1h	15m 21s	$396K	$162K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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 Coinbase InternationalbpFee AevobpOrdersPrice spread, now −0.076%Rate

Funding earned: −$15.12
Price spread: −0.076% → +0.028%: −$10.4
Slippage, 4 orders: −$22.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$73.54
Costs to cover: 0.480%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Aevo: live order book, 49 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 Coinbase International live order book, 4 min ago	3.75 bp	8.8 bp −$9	12.3 bp −$123	36.4 bp −$3,635	doesn't fit
Sell Aevo live order book, 49 min ago	3.81 bp	14.3 bp −$14	15.4 bp −$154	17.9 bp −$1,795	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	−0.1056%	1h	93.409	+0.267%	$197K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.000	−0.172%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0137%	1h	93.110	−0.054%	$699K	$1.0M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.314	+0.165%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.106	−0.058%	$85K	$344K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0055%	1h	93.352	+0.206%	$22K	$21K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0048%	4h	93.095	−0.070%	$153K	$652K	20x	as long as short
Phemex HYPEUSDT	−0.0028%	8h	93.397	+0.254%	$12.6M	$2.7M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.163	+0.003%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.119	−0.044%	$23K	$319K	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	93.107	−0.057%	$62K	—	150x	as long as short
Bullet HYPE-USD	+0.0020%	1h	93.090	−0.076%	$111K	$578K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	93.367	+0.222%	$213K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0026%	4h	93.162	+0.003%	$8.8M	$35.8M	300x	as long as short
BingX HYPE-USDT	+0.0034%	4h	93.079	−0.087%	—	$53.0M	—	as long as short
Gate HYPE_USDT	+0.0044%	4h	93.093	−0.072%	$44.5M	$55.4M	75x	as long as short
Bybit HYPEUSDT	+0.0045%	8h	93.082	−0.084%	$320.2M	$277.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0075%	8h	93.091	−0.074%	$113.6M	$300.3M	50x	as long as short
Derive HYPE-PERP	+0.0082%	1h	93.070	−0.097%	$16.1M	$7.5M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.163	+0.003%	$16.2M	$62.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.175	+0.016%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.082	−0.084%	$70K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.241	+0.087%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.120	−0.043%	$22K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.088	−0.077%	$5.7M	$43.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.160	0.000%	$2.03B	$657.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.154	−0.006%	$10.0M	$14.8M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.102	−0.062%	$377.8M	$880.8M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.092	−0.073%	$89.0M	$81.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.095	−0.070%	$45.8M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.108	−0.056%	$225.3M	$96.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.260	+0.107%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.377	+0.233%	$31.1M	$53.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.364	+0.218%	$7.5M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.292	+0.142%	$339K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.417	+0.276%	$667K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.197	+0.040%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.125	−0.038%	$481K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.085	−0.081%	$79K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.154	−0.006%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.110	−0.054%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.217	+0.062%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.071	−0.096%	$18.3M	$43.7M	50x	as long as short
Aevo HYPE-PERPshort	+0.0104%	1h	93.090	−0.076%	$396K	$162K	20x
edgeX HYPEUSDC	+0.0117%	4h	93.295	+0.145%	$5.0M	$29.1M	30x	as long as short
HTX HYPE-USDT	+0.0152%	4h	93.518	+0.384%	$1.4M	$6.0M	75x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0176%	1h	93.160	long leg	$4.8M	$5.6M	50x
Reya HYPERUSDPERP	+0.0259%	1h	93.072	−0.094%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0272%	8h	93.358	+0.213%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	93.101	−0.063%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.320	+0.172%	$17.0M	$11.5M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0341%	1h	93.191	+0.033%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.188	+0.030%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.730	+0.612%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0687%	1h	93.206	+0.049%	$20.7M	$29.8M	50x	as long as short