HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h +0.001%

Price spread now: Ondo Perps against Coinbase International−0.043%7-day average −0.053% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.005%−$1 · spread now −0.043%, 7d avg −0.053%

Together, before fees−0.026%+ Points / potential airdropOndo Perps: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	93.870	0.0152	pay 0.0019% / 1h	54m 55s	$4.9M	$5.7M	50x
Short	Ondo Perps HYPE-USD.P	93.830	0.0020	get 0.0003% / 1h	54m 55s	$703K	$903K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$27.72
Price spread: −0.043% → −0.053%: $1.05
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$41.67
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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	3.73 bp	8.9 bp −$9	14.9 bp −$149	38.7 bp −$3,867	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0520%	1h	93.829	−0.044%	$199K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0484%	1h	93.731	−0.148%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.866	−0.004%	$1.2M	$3.8M	10x	as long as short
ApeX Omni HYPEUSDT	−0.0160%	1h	93.896	+0.028%	$349K	$1.1M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.916	+0.049%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.912	+0.045%	$128K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.940	+0.075%	$23K	$330K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.963	+0.099%	$28K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0014%	4h	93.940	+0.075%	$176K	$526K	20x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.927	+0.061%	$324.7M	$280.7M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps HYPE-USD.Pshort	+0.0020%	1h	93.830	−0.043%	$703K	$903K	10x
Aster HYPEUSDT	+0.0027%	4h	93.942	+0.076%	$8.9M	$35.8M	300x	as long as short
Phoenix HYPE	+0.0034%	1h	93.805	−0.069%	$215K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0066%	4h	93.934	+0.068%	$44.5M	$57.9M	75x	as long as short
edgeX HYPEUSDC	+0.0067%	4h	93.855	−0.016%	$5.1M	$29.7M	30x	as long as short
Derive HYPE-PERP	+0.0069%	1h	93.885	+0.016%	$16.4M	$6.9M	10x	as long as short
Phemex HYPEUSDT	+0.0070%	8h	93.934	+0.068%	$12.8M	$2.6M	50x	as long as short
MEXC HYPE_USDT	+0.0070%	4h	93.943	+0.078%	$90.6M	$80.3M	100x	as long as short
Binance HYPEUSDT	+0.0070%	4h	93.941	+0.075%	$385.9M	$886.0M	75x	as long as short
Lighter HYPE	+0.0096%	1h	93.987	+0.125%	$19.0M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.963	+0.099%	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.941	+0.076%	$63K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.941	+0.076%	$400K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.953	+0.089%	$341K	$169K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.940	+0.075%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.941	+0.076%	$5.9M	$44.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.961	+0.097%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.937	+0.071%	$115.3M	$314.9M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.959	+0.095%	$47.3M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.949	+0.084%	$227.7M	$102.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.932	+0.066%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.960	+0.096%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.882	+0.013%	$32.1M	$53.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.906	+0.039%	$7.6M	$45.5M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.925	+0.059%	$679K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.961	+0.097%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.962	+0.098%	$485K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.916	+0.049%	$113K	$577K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.946	+0.081%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.991	+0.129%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.938	+0.072%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.680	−0.202%	$205K	$7K	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	93.850	−0.021%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.928	+0.061%	$18.6M	$42.0M	50x	as long as short
01 Exchange HYPEUSD	+0.0104%	1h	93.968	+0.104%	$91K	$355K	20x	as long as short
Kalshi KXHYPEPERP	+0.0120%	8h	93.994	+0.132%	$1.9M	$5.1M	2.3x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0152%	1h	93.870	long leg	$4.9M	$5.7M	50x
HTX HYPE-USDT	+0.0223%	4h	94.099	+0.244%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	93.933	+0.067%	$77K	$142K	15x	as long as short
BloFin HYPE-USDT	+0.0280%	4h	93.930	+0.064%	$17.0M	$12.3M	75x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	93.992	+0.129%	$2.8M	$6.8M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0325%	1h	94.035	+0.176%	$7.4M	$4.5M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	93.924	+0.058%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0577%	1h	94.042	+0.183%	$21.0M	$29.0M	50x	as long as short
Hyperliquid HYPE	+0.0641%	1h	93.995	+0.133%	$2.05B	$667.7M	10x	as long as short