HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0131%/8h= +14.3% APRnext payment +$0.16 per $10,000 · paid last 24h +0.021%

Price spread now: Vest against dYdX+0.038%7-day average −0.002% · you sell dearer than you buy

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

Long on dYdX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.370%+$37 · spread now +0.038%, 7d avg −0.002%

Together, before fees+0.328%+ Points / potential airdropVest: Active · farm board+$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 Vest is 0.040% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX HYPE-USD	95.170	−0.0120	get 0.0015% / 1h	10m 59s	$130K	$93K	5x
Short	Vest HYPE-PERP	95.206	0.0011	get 0.0001% / 1h	10m 59s	—	$126K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.038%Rate

Funding earned: $27.51
Price spread: +0.038% → −0.002%: $3.99
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $19.5
Costs to cover: 0.120%
Break-even: 2.0 days

Slippage unknown: dYdX: live order book, 23 min ago; Vest: 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 dYdX live order book, 23 min ago	24.32 bp	31.6 bp −$32	43.4 bp −$434	116.8 bp −$11.7K	736.1 bp −$368.0K
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 54 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	−0.0856%	1h	95.015	−0.163%	$211K	$265K	7x	as long as short
Bluefin HYPE-PERP	−0.0537%	1h	95.161	−0.009%	$79K	$149K	20x	as long as short
Phemex HYPEUSDT	−0.0267%	8h	95.124	−0.048%	$13.0M	$2.8M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0235%	1h	95.092	−0.082%	$22K	$19K	10x	as long as short
Bullet HYPE-USD	−0.0197%	1h	95.193	+0.025%	$113K	$576K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0134%	1h	95.060	−0.115%	$695K	$1.3M	10x	as long as short
dYdX HYPE-USDlong	−0.0120%	1h	95.170	long leg	$130K	$93K	5x
Arcus HYPE-USD	−0.0112%	1h	95.133	−0.039%	$1.0M	$3.2M	10x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	95.189	+0.020%	$90K	$353K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.031	−0.146%	$3K	$331	25x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_HYPEUSD	−0.0047%	1h	95.220	+0.053%	$18.9M	$35.7M	50x	as long as short
BingX HYPE-USDT	−0.0012%	4h	95.186	+0.017%	—	$52.6M	—	as long as short
Bybit HYPEUSDT	−0.0008%	8h	95.167	−0.003%	$319.9M	$286.0M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0004%	4h	95.171	+0.001%	$148K	$670K	20x	as long as short
Gate HYPE_USDT	−0.0002%	4h	95.171	+0.001%	$52.9M	$56.8M	75x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.234	+0.067%	$1.9M	$5.5M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	95.121	−0.051%	$19K	$273K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.210	+0.042%	$86K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	95.142	−0.029%	$212K	$1.2M	10x	as long as short
Vest HYPE-PERPshort	+0.0011%	1h	95.206	+0.038%	—	$126K	5x
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	95.210	+0.042%	$4.7M	$5.8M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0036%	8h	95.154	−0.017%	$118.5M	$323.9M	50x	as long as short
Bitget HYPEUSDT	+0.0042%	4h	95.156	−0.014%	$228.6M	$94.7M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0048%	8h	95.183	+0.013%	$340K	$38K	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0060%	1h	95.186	+0.017%	$7.6M	$10.1M	20x	as long as short
Aster HYPEUSDT	+0.0091%	4h	95.166	−0.004%	$9.0M	$36.5M	300x	as long as short
edgeX HYPEUSDC	+0.0094%	4h	95.053	−0.123%	$5.1M	$31.1M	30x	as long as short
Lighter HYPE	+0.0096%	1h	95.206	+0.038%	$16.3M	$64.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.213	+0.045%	$3.2M	$10.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	95.164	−0.006%	$181K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.120	−0.052%	$40K	$1.5M	10x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.214	+0.046%	$2.1M	$1.9M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.150	−0.021%	$5.4M	$54.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.338	+0.177%	$2.10B	$682.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.190	+0.021%	$10.3M	$14.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	95.196	+0.027%	$382.7M	$912.9M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.126	−0.046%	$222K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.175	+0.005%	$98.2M	$89.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.164	−0.006%	$47.5M	$18.5M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.091	−0.083%	$29.9M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.088	−0.086%	$7.7M	$44.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.052	−0.124%	$348K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.050	−0.126%	$691K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.163	−0.007%	$500K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.140	−0.031%	$32K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.315	+0.153%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.141	−0.030%	$18.2M	$42.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.099	−0.075%	$402K	$136K	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0128%	1h	95.290	+0.126%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.192	+0.023%	$3.1M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.380	+0.221%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	95.196	+0.028%	$83K	$95K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.237	+0.070%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.199	+0.031%	$17.2M	$12.3M	75x	as long as short