HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.18 per $10,000 · paid last 24h −0.008%

Price spread now: Bitget against edgeX+0.183%104s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as 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−$270.269% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days−0.156%−$16 · spread now +0.183%, 7d avg +0.024%

Together, before fees−0.232%+ Points / potential airdropedgeX: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.159% dearer against edgeX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour. The two prices were read 104 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	edgeX HYPEUSDC	93.828	0.0063	pay 0.0032% / 4h	3h 43m	$5.1M	$29.8M	30x
Short	Bitget HYPEUSDT	93.999	0.0100	get 0.0050% / 4h	3h 43m	$228.0M	$101.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.183%Rate

Funding earned: $7.74
Price spread: +0.183% → +0.024%: $15.85
Slippage, 4 orders: −$5.87
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$3.28
Costs to cover: 0.269%
Break-even: 10.0 days

Slippage from edgeX: live order book, just now; Bitget: live order book, 5 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 edgeX live order book, just now	0.32 bp	4.8 bp −$5	5.0 bp −$50	143.4 bp −$14.3K	doesn't fit
Sell Bitget live order book, 5 min ago	0.53 bp	9.5 bp −$9	14.0 bp −$140	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	−0.1456%	1h	93.806	−0.023%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.826	−0.002%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0286%	1h	93.918	+0.096%	$22K	$23K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0206%	1h	93.880	+0.056%	$703K	$928K	10x	as long as short
Gate HYPE_USDT	−0.0110%	4h	93.993	+0.176%	$44.4M	$59.2M	75x	as long as short
Bullet HYPE-USD	−0.0108%	1h	93.898	+0.075%	$112K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0096%	1h	93.938	+0.118%	$85K	$360K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.926	+0.105%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0077%	8h	93.891	+0.068%	$12.8M	$2.6M	50x	as long as short
Bybit HYPEUSDT	−0.0066%	8h	93.979	+0.161%	$323.0M	$281.2M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USD	−0.0058%	1h	94.004	+0.189%	$128K	$29K	5x	as long as short
Orderly PERP_HYPE_USDC	−0.0012%	4h	93.914	+0.092%	$169K	$593K	20x	as long as short
Derive HYPE-PERP	−0.0008%	1h	93.869	+0.044%	$16.4M	$7.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	93.938	+0.118%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.933	+0.112%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0012%	4h	93.993	+0.176%	$8.9M	$36.1M	300x	as long as short
Bluefin HYPE-PERP	+0.0019%	1h	93.907	+0.085%	$76K	$171K	20x	as long as short
Phoenix HYPE	+0.0034%	1h	93.915	+0.093%	$218K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0040%	4h	94.000	+0.184%	$88.7M	$82.1M	100x	as long as short
Binance HYPEUSDT	+0.0041%	4h	93.990	+0.173%	$383.5M	$894.3M	75x	as long as short
edgeX HYPEUSDClong	+0.0063%	4h	93.828	long leg	$5.1M	$29.8M	30x
Popdex HYPEUSDT	+0.0072%	1h	93.916	+0.094%	$61K	$1.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0080%	8h	93.980	+0.162%	$115.9M	$319.3M	50x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	93.934	+0.113%	$400K	$193K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.052	+0.239%	$18.9M	$58.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.033	+0.219%	$3.1M	$12.0M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.056	+0.243%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.920	+0.099%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.915	+0.094%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.076	+0.264%	$2.05B	$676.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.020	+0.206%	$10.1M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.816	−0.012%	$204K	$5K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.989	+0.172%	$46.6M	$18.3M	75x	as long as short
Bitget HYPEUSDTshort	+0.0100%	4h	93.999	+0.183%	$228.0M	$101.0M	75x
BingX HYPE-USDT	+0.0100%	4h	93.991	+0.174%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.922	+0.101%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.820	−0.008%	$31.3M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.863	+0.038%	$7.6M	$45.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.896	+0.073%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.848	+0.022%	$679K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.936	+0.116%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.934	+0.113%	$479K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.020	+0.205%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.902	+0.079%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.965	+0.146%	$18.9M	$43.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.000	+0.184%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0161%	4h	93.879	+0.055%	$17.0M	$12.2M	75x	as long as short
Kalshi KXHYPEPERP	+0.0178%	8h	93.987	+0.170%	$1.9M	$5.1M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.260	+0.461%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	93.981	+0.164%	$2.8M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	93.893	+0.069%	$79K	$143K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0157%	1h	93.938	+0.118%	$1.5M	—	100x	as long as short
HTX HYPE-USDT	+0.0382%	4h	94.115	+0.306%	$1.5M	$6.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0559%	1h	94.017	+0.202%	$7.5M	$4.7M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0672%	1h	94.002	+0.186%	$21.0M	$29.7M	50x	as long as short