HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.014%

Price spread now: Bulk against Coinbase International−0.419%7-day average +0.068% · 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−$76as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Coinbase International Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.147%+$15 on $10k

Price spread, last 3 days (all we have)+0.417%+$42 · spread now −0.419%, 7d avg +0.068%

Together, before fees+0.564%+$56 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bulk is 0.487% cheaper against Coinbase International than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of +0.068%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.147%, 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	93.740	0.0136	pay 0.0017% / 1h	31m 25s	$4.9M	$5.6M	50x
Short	Bulk HYPE-USD	93.348	0.0100	get 0.0013% / 1h	31m 25s	$203K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.419%Rate

Funding earned: −$7.56
Price spread: −0.419% → +0.068%: −$48.7
Slippage, 4 orders: −$10.17
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$83.43
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Bulk: live order book, 37 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, 3 min ago	2.14 bp	7.5 bp −$7	13.5 bp −$135	39.4 bp −$3,938	doesn't fit
Sell Bulk live order book, 37 min ago	0.53 bp	4.4 bp −$4	6.8 bp −$68	11.9 bp −$1,193	21.5 bp −$10.7K

HYPE on 54 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	−0.0888%	1h	93.597	−0.152%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.533	−0.221%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0162%	1h	93.464	−0.295%	$22K	$21K	10x	as long as short
Phemex HYPEUSDT	−0.0117%	8h	93.596	−0.154%	$12.7M	$2.7M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0089%	1h	93.560	−0.192%	$701K	$988K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.675	−0.069%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.697	−0.046%	$86K	$351K	20x	as long as short
Backpack HYPE_USDC_PERP	−0.0059%	1h	93.619	−0.129%	$7.8M	$10.4M	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0057%	4h	93.638	−0.109%	$156K	$651K	20x	as long as short
Gate HYPE_USDT	−0.0052%	4h	93.677	−0.067%	$44.5M	$54.7M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	−0.0024%	4h	93.677	−0.067%	$8.8M	$36.1M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.622	−0.126%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.668	−0.077%	$22K	$331K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.691	−0.053%	$26K	—	150x	as long as short
Bybit HYPEUSDT	+0.0006%	8h	93.640	−0.107%	$321.6M	$282.6M	75x	as long as short
BingX HYPE-USDT	+0.0006%	4h	93.672	−0.073%	—	$53.9M	—	as long as short
MEXC HYPE_USDT	+0.0054%	4h	93.680	−0.064%	$88.1M	$82.7M	100x	as long as short
Bullet HYPE-USD	+0.0055%	1h	93.673	−0.071%	$112K	$578K	20x	as long as short
Binance HYPEUSDT	+0.0056%	4h	93.677	−0.067%	$381.1M	$902.1M	75x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	93.458	−0.301%	$5.1M	$30.0M	30x	as long as short
Phoenix HYPE	+0.0060%	1h	93.705	−0.037%	$211K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0066%	8h	93.655	−0.091%	$115.2M	$310.1M	50x	as long as short
Derive HYPE-PERP	+0.0079%	1h	93.626	−0.122%	$16.2M	$7.7M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.695	−0.048%	$340K	$165K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.668	−0.077%	$16.4M	$62.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.663	−0.082%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.675	−0.069%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.675	−0.069%	$398K	$177K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.660	−0.085%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.644	−0.103%	$5.7M	$45.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.777	+0.039%	$2.05B	$670.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.674	−0.070%	$10.1M	$14.8M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.665	−0.080%	$46.2M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.672	−0.073%	$226.6M	$99.6M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.411	−0.351%	$31.0M	$54.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.468	−0.290%	$7.5M	$48.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.468	−0.290%	$338K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.655	−0.091%	$668K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.706	−0.036%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.708	−0.034%	$469K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.649	−0.097%	$79K	$172K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.748	+0.009%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.644	−0.102%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USDshort	+0.0100%	1h	93.348	−0.419%	$203K	$10K	10x
Extended HYPE-USD	+0.0104%	1h	93.633	−0.114%	$18.3M	$44.5M	50x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0136%	1h	93.740	long leg	$4.9M	$5.6M	50x
Injective HYPE/USDC PERP	+0.0137%	1h	93.490	−0.267%	$30K	$339K	12x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.701	−0.041%	$2.7M	$6.7M	20x	as long as short
HTX HYPE-USDT	+0.0218%	4h	93.815	+0.080%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0254%	1h	93.678	−0.066%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0266%	8h	93.514	−0.241%	$1.9M	$5.1M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0335% / S −0.0158%	1h	93.691	−0.052%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0519%	1h	93.752	+0.013%	$7.5M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0680%	1h	93.731	−0.010%	$20.9M	$30.1M	50x	as long as short