HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0133%/8h= +14.6% APRnext payment +$0.17 per $10,000 · paid last 24h +0.099%

Price spread now: RISEx against dYdX+0.088%7-day average +0.018% · 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−$62as in the Price arb table

costs, in and out, $10k−$690.687% of the position

Long on dYdX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.236%+$24 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.088%, 7d avg +0.018%

Together, before fees+0.326%+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.070% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX HYPE-USD	94.698	0	get 0.0000% / 1h	48m 01s	$130K	$94K	5x
Short	RISEx HYPE/USDC	94.782	0.0133	get 0.0017% / 1h	48m 01s	$3.1M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.088%Rate

Funding earned: $27.96
Price spread: +0.088% → +0.018%: $6.96
Slippage, 4 orders: −$52.69
Fee dYdX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$33.77
Costs to cover: 0.687%
Break-even: 15.5 days

Slippage from dYdX: live order book, 51 min ago; RISEx: 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, 51 min ago	25.49 bp	30.5 bp −$30	43.1 bp −$431	125.0 bp −$12.5K	319.7 bp −$159.8K
Sell RISEx live order book, 1 min ago	0.05 bp	3.1 bp −$3	4.6 bp −$46	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	−0.1320%	1h	94.754	+0.059%	$208K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0390%	1h	94.763	+0.068%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0315%	1h	94.788	+0.095%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0183%	1h	94.803	+0.110%	$112K	$577K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.741	+0.045%	$1.0M	$3.5M	10x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	94.837	+0.146%	$89K	$365K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.940	+0.255%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0057%	1h	94.680	−0.019%	$715K	$1.3M	10x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.784	+0.090%	$19.3M	$34.5M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	94.776	+0.082%	$147K	$685K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USDlong	0.0000%	1h	94.698	long leg	$130K	$94K	5x
Kalshi KXHYPEPERP	0.0000%	8h	94.763	+0.068%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.773	+0.079%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.830	+0.139%	$85K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.810	+0.118%	$209K	$1.2M	10x	as long as short
Bitget HYPEUSDT	+0.0014%	4h	94.916	+0.230%	$227.9M	$99.9M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.750	+0.055%	$4.8M	$6.3M	50x	as long as short
Derive HYPE-PERP	+0.0051%	1h	94.682	−0.017%	$16.4M	$7.4M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0052%	8h	94.713	+0.016%	$338K	$154K	20x	as long as short
Vest HYPE-PERP	+0.0061%	1h	94.826	+0.135%	—	$190K	5x	as long as short
OKX HYPE-USDT-SWAP	+0.0064%	8h	94.905	+0.218%	$118.5M	$329.5M	50x	as long as short
SoDEX HYPE-USD	+0.0083%	1h	94.781	+0.087%	$2.1M	$2.0M	10x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	94.791	+0.097%	$5.0M	$30.7M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.804	+0.111%	$16.3M	$62.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.805	+0.113%	$3.2M	$10.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.797	+0.104%	$147K	$1.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.740	+0.044%	$43K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.787	+0.094%	$7.3M	$52.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.901	+0.214%	$2.09B	$691.8M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.877	+0.189%	$9.6M	$37.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.708	+0.010%	$10.2M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.897	+0.210%	$381.8M	$937.7M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	94.930	+0.245%	$318.0M	$292.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.690	−0.009%	$221K	$14K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.833	+0.142%	$51.1M	$54.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.806	+0.114%	$93.9M	$85.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.813	+0.121%	$47.3M	$19.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.792	+0.099%	—	$53.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.779	+0.085%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.809	+0.117%	$30.0M	$55.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.848	+0.159%	$7.7M	$44.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.799	+0.106%	$352K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.762	+0.067%	$695K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.830	+0.139%	$500K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.916	+0.230%	$33K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.882	+0.194%	$1.4M	$6.9M	75x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	94.821	+0.130%	$12.9M	$2.9M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.901	+0.214%	$18.5M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.884	+0.196%	$401K	$153K	20x	as long as short
RISEx HYPE/USDCshort	+0.0133%	1h	94.782	+0.088%	$3.1M	$6.4M	20x
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.498%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0246%	1h	94.900	+0.213%	$7.5M	$4.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.738	+0.042%	$83K	$115K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0327% / S −0.0152%	1h	94.836	+0.145%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.724	+0.027%	$17.2M	$12.4M	75x	as long as short