HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.32 per $10,000 · paid last 24h +0.001%

Price spread now: KuCoin against edgeX−0.181%113s7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as 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−$320.316% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days+0.208%+$21 · spread now −0.181%, 7d avg +0.035%

Together, before fees+0.198%+ Points / potential airdropedgeX: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.215% cheaper against edgeX than usual: you would sell low and buy high (spread −0.181% now, against its 7-day average of +0.035%). If the spread goes back, that is −$22 on $10k: about 11 days of funding at the current rate (+$2 a day). The two prices were read 113 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	94.997	0.0025	pay 0.0012% / 4h	51m 42s	$5.0M	$27.9M	30x
Short	KuCoin HYPEUSDTM	94.826	0.0088	get 0.0044% / 4h	51m 42s	$47.4M	$17.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.181%Rate

Funding earned: $13.23
Price spread: −0.181% → +0.035%: −$21.54
Slippage, 4 orders: −$10.64
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.94
Costs to cover: 0.316%
Break-even: 28.1 days

Slippage from edgeX: live order book, just now; KuCoin: 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	5.1 bp −$51	156.3 bp −$15.6K	doesn't fit
Sell KuCoin live order book, 5 min ago	0.47 bp	11.5 bp −$12	16.6 bp −$166	doesn't fit	doesn't fit

HYPE on 55 exchanges

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
Kraken Futures PF_HYPEUSD	−0.0282%	1h	94.895	−0.108%	$18.3M	$32.7M	50x	as long as short
Phemex HYPEUSDT	−0.0269%	8h	94.928	−0.073%	$13.0M	$2.3M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0239%	1h	94.840	−0.166%	$678K	$1.3M	10x	as long as short
Bluefin HYPE-PERP	−0.0204%	1h	94.829	−0.177%	$78K	$130K	20x	as long as short
Lighter HYPE	−0.0104%	1h	94.817	−0.190%	$16.5M	$55.2M	20x	as long as short
Aster HYPEUSDT	−0.0101%	4h	94.813	−0.194%	$9.1M	$34.3M	300x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	94.886	−0.117%	$102K	$349K	20x	as long as short
Gate HYPE_USDT	−0.0084%	4h	94.817	−0.190%	$55.8M	$52.5M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.948	−0.052%	$3K	$421	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0072%	4h	94.831	−0.175%	$147K	$642K	20x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International HYPE-PERP-INTX	−0.0064%	1h	94.980	−0.018%	$4.7M	$5.4M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0053%	1h	95.079	+0.086%	$22K	$17K	10x	as long as short
Bullet HYPE-USD	−0.0044%	1h	94.894	−0.109%	$113K	$585K	20x	as long as short
OKX HYPE-USDT-SWAP	−0.0042%	8h	94.775	−0.234%	$118.8M	$301.7M	50x	as long as short
Bitget HYPEUSDT	−0.0028%	4h	94.795	−0.213%	$229.5M	$85.7M	75x	as long as short
Phoenix HYPE	−0.0017%	1h	94.936	−0.065%	$198K	$1.1M	10x	as long as short
ApeX Omni HYPEUSDT	−0.0010%	1h	95.003	+0.006%	$323K	$925K	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.862	−0.142%	$128K	$96K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.922	−0.080%	$23K	$248K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.910	−0.092%	$99K	—	150x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0024%	1h	94.946	−0.054%	$7.5M	$4.2M	50x	as long as short
edgeX HYPEUSDClong	+0.0025%	4h	94.997	long leg	$5.0M	$27.9M	30x
Bybit HYPEUSDT	+0.0026%	8h	94.809	−0.198%	$320.1M	$261.9M	75x	as long as short
Binance HYPEUSDT	+0.0033%	4h	94.792	−0.216%	$382.2M	$847.9M	75x	as long as short
Derive HYPE-PERP	+0.0033%	1h	94.804	−0.204%	$16.4M	$7.0M	10x	as long as short
MEXC HYPE_USDT	+0.0034%	4h	94.805	−0.203%	$89.7M	$82.2M	100x	as long as short
Popdex HYPEUSDT	+0.0040%	1h	94.892	−0.111%	$274K	$998K	50x	as long as short
BingX HYPE-USDT	+0.0042%	4h	94.789	−0.219%	—	$49.5M	—	as long as short
SoDEX HYPE-USD	+0.0065%	1h	94.861	−0.144%	$2.1M	$335K	10x	as long as short
Backpack HYPE_USDC_PERP	+0.0068%	1h	94.802	−0.206%	$6.8M	$12.3M	20x	as long as short
KuCoin HYPEUSDTMshort	+0.0088%	4h	94.826	−0.181%	$47.4M	$17.7M	75x
Aevo HYPE-PERP	+0.0088%	1h	94.827	−0.180%	$401K	$125K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	94.826	−0.181%	$338K	$30K	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.827	−0.179%	$3.2M	$9.8M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	94.900	−0.103%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.915	−0.087%	$7.2M	$50.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.939	−0.062%	$2.10B	$639.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.845	−0.161%	$10.2M	$12.9M	20x	as long as short
Arcus HYPE-USD	+0.0100%	1h	94.806	−0.202%	$1.0M	$2.8M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.036	+0.041%	$228K	$20K	10x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.030	+0.034%	$29.7M	$52.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.002	+0.005%	$7.7M	$41.1M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.901	−0.102%	$690K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.963	−0.037%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.911	−0.091%	$497K	$2.4M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.916	−0.086%	$32K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.015	+0.018%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.765	−0.245%	$18.2M	$37.4M	50x	as long as short
Kalshi KXHYPEPERP	+0.0119%	8h	94.996	−0.002%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0138%	1h	94.957	−0.042%	$3.1M	$5.2M	20x	as long as short
BloFin HYPE-USDT	+0.0143%	4h	94.953	−0.047%	$17.5M	$11.6M	75x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	94.854	−0.152%	$85K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	94.923	−0.078%	$1.4M	—	100x	as long as short
Hibachi HYPE/USDT-P	+0.1016%	1h	94.967	−0.032%	$214K	$277K	7x	as long as short
Injective HYPE/USDC PERP	+0.1234%	1h	95.420	+0.445%	$31K	$334K	12x	as long as short