HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.029%

Price spread now: SoDEX against dYdX−0.067%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$770.769% of the position

Long on dYdX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.075%+$8 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.067%, 7d avg −0.007%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.060% cheaper against dYdX than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of −0.007%). If the spread goes back, that is −$6 on $10k: about 48 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX HYPE-USD	92.238	0	get 0.0000% / 1h	44m 38s	$126K	$31K	5x
Short	SoDEX HYPE-USD	92.176	0.0100	get 0.0013% / 1h	44m 38s	$2.0M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $21
Price spread: −0.067% → −0.007%: −$6
Slippage, 4 orders: −$58.91
Fee dYdX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$61.91
Costs to cover: 0.769%
Break-even: 27.6 days

Slippage from dYdX: live order book, 14 min ago; SoDEX: live order book, 4 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, 14 min ago	26.34 bp	31.3 bp −$31	43.7 bp −$437	139.8 bp −$14.0K	1018.5 bp −$509.3K
Sell SoDEX live order book, 4 min ago	0.05 bp	7.1 bp −$7	12.6 bp −$126	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
Arcus HYPE-USD	−0.0948%	1h	92.241	+0.003%	$1.2M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0592%	1h	92.223	−0.016%	$193K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0139%	1h	92.368	+0.141%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0128%	1h	92.288	+0.054%	$85K	$353K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.202	−0.039%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0071%	4h	92.174	−0.069%	$157K	$663K	20x	as long as short
Bullet HYPE-USD	−0.0062%	1h	92.179	−0.063%	$110K	$580K	20x	as long as short
Aster HYPEUSDT	−0.0012%	4h	92.259	+0.023%	$8.7M	$36.4M	300x	as long as short
dYdX HYPE-USDlong	0.0000%	1h	92.238	long leg	$126K	$31K	5x
Perpl HYPE	0.0000%	43m	92.198	−0.043%	$22K	$310K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.210	−0.030%	$61K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0019%	1h	92.200	−0.041%	$696K	$1.1M	10x	as long as short
BingX HYPE-USDT	+0.0030%	4h	92.286	+0.052%	—	$53.3M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.430	+0.208%	$209K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0047%	8h	92.293	+0.060%	$315.8M	$281.0M	75x	as long as short
Gate HYPE_USDT	+0.0052%	4h	92.293	+0.060%	$44.3M	$54.7M	75x	as long as short
Derive HYPE-PERP	+0.0060%	1h	92.145	−0.100%	$16.0M	$7.5M	10x	as long as short
Phemex HYPEUSDT	+0.0067%	8h	92.180	−0.063%	$12.4M	$2.7M	50x	as long as short
MEXC HYPE_USDT	+0.0074%	4h	92.284	+0.050%	$87.1M	$80.4M	100x	as long as short
Binance HYPEUSDT	+0.0075%	4h	92.293	+0.060%	$370.0M	$898.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0076%	8h	92.309	+0.077%	$112.8M	$301.3M	50x	as long as short
edgeX HYPEUSDC	+0.0078%	4h	92.205	−0.036%	$4.9M	$29.5M	30x	as long as short
Popdex HYPEUSDT	+0.0088%	1h	92.293	+0.060%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0091%	8h	92.292	+0.058%	$338K	$163K	20x	as long as short
ApeX Omni HYPEUSDT	+0.0094%	1h	92.216	−0.024%	$337K	$1.0M	50x	as long as short
Lighter HYPE	+0.0096%	1h	92.277	+0.042%	$16.0M	$62.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.258	+0.022%	$3.1M	$11.6M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	92.148	−0.097%	$390K	$164K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.260	+0.024%	$23K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.296	+0.063%	$5.8M	$43.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.271	+0.035%	$2.01B	$664.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.285	+0.051%	$10.0M	$15.0M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.245	+0.008%	$201K	$13K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.271	+0.036%	$45.8M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.326	+0.096%	$223.9M	$98.3M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.164	−0.080%	$7.2M	$10.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.158	−0.087%	$28.3M	$57.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.327	+0.097%	$7.5M	$45.9M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.228	−0.011%	$662K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.321	+0.091%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.304	+0.072%	$475K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.235	−0.003%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDshort	+0.0100%	1h	92.176	−0.067%	$2.0M	$2.0M	10x
HTX HYPE-USDT	+0.0100%	4h	92.348	+0.119%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.269	+0.033%	$18.1M	$43.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	92.170	−0.074%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.220	−0.019%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0259%	8h	92.252	+0.015%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0261%	1h	92.317	+0.086%	$78K	$140K	15x	as long as short
Bluefin HYPE-PERP	+0.0297%	1h	92.147	−0.099%	$78K	$168K	20x	as long as short
BloFin HYPE-USDT	+0.0299%	4h	92.165	−0.079%	$16.7M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0329% / S −0.0153%	1h	92.198	−0.044%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0334%	1h	92.236	−0.002%	$20.5M	$30.4M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0563%	1h	92.285	+0.051%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.361	+0.133%	$3.1M	$6.4M	20x	as long as short