HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0233%/8h= −25.5% APRnext payment −$0.29 per $10,000 · paid last 24h +0.019%

Price spread now: Bullet against Coinbase International+0.064%50s7-day average +0.042% · 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−$320.321% of the position

Long on Coinbase International Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.129%+$13 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now +0.064%, 7d avg +0.042%

Together, before fees+0.159%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bullet is 0.021% dearer against Coinbase International than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.042%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 3 days funding on this pair paid +0.129%, so the current rate has only just turned against you. The two prices were read 50 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	Coinbase International HYPE-PERP-INTX	93.400	0.0208	pay 0.0026% / 1h	35m 18s	$4.9M	$5.7M	50x
Short	Bullet HYPE-USD	93.459	−0.0025	pay 0.0003% / 1h	35m 18s	$112K	$583K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$48.91
Price spread: +0.064% → +0.042%: $2.15
Slippage, 4 orders: −$14.1
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$78.86
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Bullet: live order book, 53 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	8.7 bp −$9	14.2 bp −$142	36.9 bp −$3,686	doesn't fit
Sell Bullet live order book, 53 min ago	0.54 bp	6.3 bp −$6	11.0 bp −$110	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	−0.1104%	1h	93.433	+0.035%	$197K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0256%	1h	93.449	+0.053%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0249%	1h	93.370	−0.032%	$701K	$941K	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	93.512	+0.120%	$89K	$348K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.414	+0.015%	$3K	$331	25x	as long as short
Bullet HYPE-USDshort	−0.0025%	1h	93.459	+0.064%	$112K	$583K	20x
Derive HYPE-PERP	−0.0003%	1h	93.437	+0.040%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.485	+0.091%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.463	+0.067%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.518	+0.126%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0012%	4h	93.484	+0.090%	$8.9M	$35.9M	300x	as long as short
Gate HYPE_USDT	+0.0028%	4h	93.485	+0.091%	$44.1M	$56.5M	75x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.480	+0.086%	$325.7M	$287.3M	75x	as long as short
Phoenix HYPE	+0.0068%	1h	93.464	+0.069%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0070%	4h	93.491	+0.097%	$180K	$529K	20x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	93.485	+0.091%	$57K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.498	+0.105%	$18.5M	$59.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.473	+0.078%	$3.1M	$12.3M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.462	+0.067%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.490	+0.096%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.484	+0.090%	$6.0M	$44.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.537	+0.147%	$2.04B	$667.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.491	+0.098%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.491	+0.097%	$385.6M	$888.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.484	+0.090%	$114.9M	$315.3M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.458	+0.062%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.403	+0.003%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.487	+0.093%	$92.8M	$82.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.498	+0.105%	$46.4M	$18.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.511	+0.119%	$227.1M	$102.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.477	+0.082%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.436	+0.039%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.402	+0.002%	$28.9M	$49.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.494	+0.101%	$7.5M	$45.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.482	+0.088%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.470	+0.075%	$676K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.497	+0.104%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.512	+0.120%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.508	+0.116%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.531	+0.140%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.490	+0.096%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.407	+0.007%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.479	+0.084%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.509	+0.117%	$398K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0113%	4h	93.336	−0.068%	$5.1M	$29.5M	30x	as long as short
Kalshi KXHYPEPERP	+0.0116%	8h	93.483	+0.089%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0208%	1h	93.400	long leg	$4.9M	$5.7M	50x
Reya HYPERUSDPERP	+0.0245%	1h	93.484	+0.090%	$78K	$158K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0274%	1h	93.585	+0.198%	$7.4M	$4.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.350	−0.054%	$30K	$231K	12x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0164%	1h	93.519	+0.127%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.449	+0.052%	$17.1M	$12.5M	75x	as long as short
HTX HYPE-USDT	+0.0340%	4h	93.662	+0.281%	$1.5M	$7.6M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.557	+0.169%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0573%	1h	93.599	+0.213%	$19.2M	$25.9M	50x	as long as short