HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.028%

Price spread now: dYdX against Extended−0.068%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$650.653% of the position

Long on Extended Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.068%, 7d avg +0.042%

Together, before fees−0.124%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.110% cheaper against Extended than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HYPE-USD	93.976	0.0104	pay 0.0013% / 1h	54m 03s	$18.6M	$42.0M	50x
Short	dYdX HYPE-USD	93.912	0	get 0.0000% / 1h	54m 03s	$128K	$30K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Extended. 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 ExtendedbpFee dYdXbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$21.84
Price spread: −0.068% → +0.042%: −$11.03
Slippage, 4 orders: −$50.29
Fee Extended: 2.5 bp × 2 orders: −$5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$98.17
Costs to cover: 0.653%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; dYdX: live order book, 25 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 Extended live order book, 5 min ago	0.05 bp	2.6 bp −$3	4.9 bp −$49	23.6 bp −$2,365	doesn't fit
Sell dYdX live order book, 25 min ago	25.09 bp	30.1 bp −$30	72.2 bp −$722	306.1 bp −$30.6K	1561.5 bp −$780.8K

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	−0.0536%	1h	93.857	−0.126%	$199K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0487%	1h	93.772	−0.218%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.888	−0.094%	$1.2M	$3.8M	10x	as long as short
ApeX Omni HYPEUSDT	−0.0160%	1h	93.896	−0.085%	$349K	$1.1M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.965	−0.012%	$3K	$331	25x	as long as short
dYdX HYPE-USDshort	0.0000%	1h	93.912	−0.068%	$128K	$30K	5x
Perpl HYPE	0.0000%	43m	94.001	+0.026%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	94.011	+0.037%	$28K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0014%	4h	94.004	+0.030%	$176K	$526K	20x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.982	+0.006%	$324.8M	$280.7M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0028%	4h	93.992	+0.017%	$8.9M	$35.8M	300x	as long as short
Phoenix HYPE	+0.0034%	1h	93.805	−0.182%	$215K	$1.2M	10x	as long as short
Ondo Perps HYPE-USD.P	+0.0046%	1h	93.920	−0.060%	$703K	$904K	10x	as long as short
edgeX HYPEUSDC	+0.0067%	4h	93.855	−0.129%	$5.1M	$29.7M	30x	as long as short
Gate HYPE_USDT	+0.0068%	4h	93.998	+0.023%	$44.5M	$57.9M	75x	as long as short
Phemex HYPEUSDT	+0.0069%	8h	93.934	−0.045%	$12.8M	$2.6M	50x	as long as short
MEXC HYPE_USDT	+0.0070%	4h	93.993	+0.018%	$90.6M	$80.3M	100x	as long as short
Binance HYPEUSDT	+0.0072%	4h	93.998	+0.023%	$386.2M	$886.9M	75x	as long as short
Derive HYPE-PERP	+0.0077%	1h	93.939	−0.040%	$16.4M	$6.9M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.043	+0.071%	$19.0M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.026	+0.053%	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.977	+0.001%	$63K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.988	+0.013%	$400K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.979	+0.003%	$341K	$169K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.950	−0.028%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.980	+0.004%	$5.9M	$44.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.979	+0.003%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.000	+0.025%	$115.4M	$315.4M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.011	+0.037%	$47.3M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.001	+0.026%	$227.8M	$102.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.992	+0.017%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.020	+0.047%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.882	−0.100%	$32.1M	$53.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.906	−0.074%	$7.6M	$45.5M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.945	−0.033%	$679K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.998	+0.023%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.018	+0.045%	$485K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.976	0.000%	$113K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.996	+0.021%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.018	+0.045%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.993	+0.018%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.680	−0.315%	$205K	$7K	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	93.850	−0.134%	$31K	$338K	12x	as long as short
Extended HYPE-USDlong	+0.0104%	1h	93.976	long leg	$18.6M	$42.0M	50x
01 Exchange HYPEUSD	+0.0104%	1h	94.004	+0.030%	$91K	$356K	20x	as long as short
Kalshi KXHYPEPERP	+0.0123%	8h	94.029	+0.056%	$1.9M	$5.1M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.060	+0.089%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0225%	4h	94.148	+0.183%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	93.993	+0.018%	$77K	$142K	15x	as long as short
BloFin HYPE-USDT	+0.0280%	4h	93.930	−0.049%	$17.0M	$12.3M	75x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.035	+0.063%	$2.8M	$6.8M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0292%	1h	94.089	+0.120%	$7.4M	$4.5M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	93.966	−0.010%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0577%	1h	94.098	+0.129%	$21.0M	$29.0M	50x	as long as short
Hyperliquid HYPE	+0.0633%	1h	94.058	+0.087%	$2.05B	$665.0M	10x	as long as short