HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.027%

Price spread now: Coinbase International against dYdX−0.155%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1021.023% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.155%, 7d avg −0.028%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.128% cheaper against dYdX than usual: you would sell low and buy high (spread −0.155% now, against its 7-day average of −0.028%). If the spread goes back, that is −$13 on $10k: about 3.0 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.043% in total) that is about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX HYPE-USD	93.395	0	get 0.0000% / 1h	22m 41s	$128K	$29K	5x
Short	Coinbase International HYPE-PERP-INTX	93.250	0.0144	get 0.0018% / 1h	22m 41s	$4.6M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.155%Rate

Funding earned: $30.24
Price spread: −0.155% → −0.028%: −$12.76
Slippage, 4 orders: −$82.31
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$84.83
Costs to cover: 1.023%
Break-even: 26.6 days

Slippage from dYdX: live order book, 26 min ago; Coinbase International: live order book, 1 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, 26 min ago	36.06 bp	41.1 bp −$41	48.2 bp −$482	123.1 bp −$12.3K	1048.6 bp −$524.3K
Sell Coinbase International live order book, 1 min ago	4.29 bp	10.9 bp −$11	15.8 bp −$158	33.6 bp −$3,357	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	−0.1424%	1h	93.245	−0.161%	$197K	$237K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0377%	1h	93.214	−0.194%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.266	−0.138%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0061%	1h	93.199	−0.210%	$111K	$581K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0021%	4h	93.238	−0.168%	$145K	$672K	20x	as long as short
01 Exchange HYPEUSD	−0.0008%	1h	93.211	−0.197%	$87K	$365K	20x	as long as short
dYdX HYPE-USDlong	0.0000%	1h	93.395	long leg	$128K	$29K	5x
Perpl HYPE	0.0000%	43m	93.246	−0.160%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.239	−0.168%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.171	−0.240%	$1.0M	$3.9M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0014%	4h	93.356	−0.042%	$225.2M	$99.0M	75x	as long as short
Bybit HYPEUSDT	+0.0019%	8h	93.370	−0.027%	$317.0M	$282.2M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.255	−0.150%	$207K	$1.2M	10x	as long as short
Ondo Perps HYPE-USD.P	+0.0032%	1h	93.240	−0.166%	$702K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0060%	8h	93.318	−0.083%	$12.7M	$2.8M	50x	as long as short
edgeX HYPEUSDC	+0.0085%	4h	93.101	−0.315%	$4.9M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.290	−0.112%	$339K	$157K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.363	−0.034%	$16.1M	$63.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.365	−0.032%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.191	−0.218%	$75K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.190	−0.220%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.210	−0.198%	$8.0M	$48.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.397	+0.002%	$2.03B	$665.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.360	−0.038%	$8.7M	$36.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.258	−0.146%	$10.0M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.378	−0.018%	$374.4M	$911.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.396	+0.001%	$114.6M	$309.5M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.230	−0.177%	$215K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.377	−0.019%	$47.0M	$54.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.403	+0.009%	$90.5M	$81.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.361	−0.036%	$46.2M	$18.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.374	−0.023%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.329	−0.071%	$7.1M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.070	−0.348%	$28.4M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.294	−0.109%	$7.5M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.095	−0.321%	$341K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.345	−0.054%	$668K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.283	−0.120%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.208	−0.200%	$483K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.275	−0.129%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.258	−0.147%	$16.1M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.224	−0.183%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.278	−0.125%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.350	−0.048%	$1.4M	$6.5M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.371	−0.025%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.249	−0.156%	$394K	$158K	20x	as long as short
Kalshi KXHYPEPERP	+0.0108%	8h	93.314	−0.087%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.140	−0.273%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0144%	1h	93.250	−0.155%	$4.6M	$5.8M	50x
Reya HYPERUSDPERP	+0.0269%	1h	93.183	−0.227%	$80K	$127K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.221	−0.186%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.312	−0.089%	$16.8M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0341%	1h	93.327	−0.073%	$20.8M	$29.5M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0436%	1h	93.348	−0.050%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.269	−0.135%	$3.2M	$6.2M	20x	as long as short