HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.029%

Price spread now: Aevo against dYdX+0.452%81s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$270as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2852.854% of the position

Long on dYdX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 4 days (all we have)−0.851%−$85 · spread now +0.452%, 7d avg −0.004%

Together, before fees−0.699%−$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.456% dearer against dYdX than usual: you sell high and buy low: +$46 more if the spread goes back to its 7-day average of −0.004%. The two prices were read 81 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	dYdX HYPE-USD	94.465	0	get 0.0000% / 1h	22m 54s	$130K	$92K	5x
Short	Aevo HYPE-PERP	94.892	0.0104	get 0.0013% / 1h	22m 54s	$401K	$148K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against dYdX. 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 dYdXbpFee AevobpOrdersPrice spread, now +0.452%Rate

Funding earned: $21.84
Price spread: +0.452% → −0.004%: $45.55
Slippage, 4 orders: −$259.36
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$217.97
Costs to cover: 2.854%
Break-even: 76.9 days

Slippage from dYdX: live order book, 11 min ago; Aevo: live order book, 11 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 dYdX live order book, 11 min ago	24.32 bp	31.6 bp −$32	43.4 bp −$434	116.8 bp −$11.7K	736.1 bp −$368.0K
Sell Aevo live order book, 11 min ago	90.27 bp	124.8 bp −$125	168.1 bp −$1,681	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	−0.0816%	1h	94.533	+0.071%	$210K	$267K	7x	as long as short
Bluefin HYPE-PERP	−0.0569%	1h	94.823	+0.378%	$80K	$148K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0298%	1h	94.505	+0.042%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0249%	1h	94.811	+0.366%	$113K	$577K	20x	as long as short
Phemex HYPEUSDT	−0.0215%	8h	94.810	+0.365%	$12.9M	$2.9M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0165%	1h	94.570	+0.111%	$702K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	94.768	+0.320%	$90K	$365K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.729	+0.279%	$1.0M	$3.3M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.664	+0.210%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.848	+0.405%	$18.9M	$35.5M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0020%	4h	94.812	+0.367%	$51.9M	$55.5M	75x	as long as short
Bybit HYPEUSDT	−0.0015%	8h	94.870	+0.428%	$319.9M	$293.2M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0007%	4h	94.840	+0.396%	$147K	$676K	20x	as long as short
dYdX HYPE-USDlong	0.0000%	1h	94.465	long leg	$130K	$92K	5x
Kalshi KXHYPEPERP	0.0000%	8h	94.773	+0.326%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.852	+0.409%	$19K	$275K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.860	+0.418%	$114K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.372	−0.099%	$209K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0010%	1h	94.160	−0.323%	$16.3M	$7.5M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.880	+0.439%	$4.7M	$5.9M	50x	as long as short
Bitget HYPEUSDT	+0.0032%	4h	94.874	+0.432%	$228.2M	$97.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0038%	1h	94.819	+0.374%	$7.6M	$10.4M	20x	as long as short
Vest HYPE-PERP	+0.0041%	1h	94.794	+0.348%	—	$190K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0041%	8h	94.773	+0.326%	$339K	$39K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0042%	8h	94.881	+0.440%	$118.3M	$328.3M	50x	as long as short
SoDEX HYPE-USD	+0.0056%	1h	94.864	+0.422%	$2.1M	$2.0M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.858	+0.415%	$16.3M	$63.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.857	+0.414%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.752	+0.303%	$150K	$1.2M	50x	as long as short
edgeX HYPEUSDC	+0.0097%	4h	94.374	−0.097%	$5.0M	$30.8M	30x	as long as short
Aster HYPEUSDT	+0.0099%	4h	94.813	+0.368%	$9.0M	$38.4M	300x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.720	+0.269%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.775	+0.328%	$7.3M	$51.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.961	+0.525%	$2.09B	$671.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.770	+0.322%	$10.2M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.865	+0.423%	$381.6M	$930.8M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.213	−0.267%	$219K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.833	+0.389%	$96.0M	$87.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.809	+0.364%	$47.3M	$19.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.817	+0.372%	—	$52.6M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.267	−0.211%	$29.8M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.416	−0.052%	$7.6M	$44.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.358	−0.114%	$344K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.612	+0.155%	$691K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.834	+0.390%	$500K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.906	+0.466%	$33K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.950	+0.513%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.792	+0.345%	$18.3M	$43.1M	50x	as long as short
Aevo HYPE-PERPshort	+0.0104%	1h	94.892	+0.452%	$401K	$148K	20x
RISEx HYPE/USDC	+0.0133%	1h	94.783	+0.336%	$3.2M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.746%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0224%	1h	94.965	+0.529%	$7.5M	$4.4M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.780	+0.333%	$83K	$106K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	94.895	+0.454%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.864	+0.422%	$17.4M	$12.5M	75x	as long as short