HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Pacifica against Extended+0.039%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$140.138% of the position

Long on Extended Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.039%, 7d avg +0.026%

Together, before fees−0.160%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board−$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HYPE-USD	93.757	0.0104	pay 0.0013% / 1h	58m 35s	$18.3M	$41.6M	50x
Short	Pacifica HYPE	93.794	0.0100	get 0.0013% / 1h	58m 35s	$10.1M	$14.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.039%Rate

Funding earned: −$0.84
Price spread: +0.039% → +0.026%: $1.3
Slippage, 4 orders: −$0.79
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13.33
Costs to cover: 0.138%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; Pacifica: live order book, 1 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, 6 min ago	0.05 bp	2.7 bp −$3	5.4 bp −$54	24.4 bp −$2,436	doesn't fit
Sell Pacifica live order book, 1 min ago	0.05 bp	4.4 bp −$4	doesn't fit	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	−0.0504%	1h	93.704	−0.057%	$198K	$228K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0489%	1h	93.552	−0.219%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.698	−0.063%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.732	−0.027%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0027%	1h	93.690	−0.072%	$701K	$901K	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.819	+0.065%	$128K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.776	+0.020%	$23K	$330K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.780	+0.024%	$28K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0014%	4h	93.761	+0.004%	$176K	$524K	20x	as long as short
Bybit HYPEUSDT	+0.0018%	8h	93.790	+0.035%	$324.4M	$280.4M	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	+0.0020%	4h	93.782	+0.026%	$8.9M	$35.7M	300x	as long as short
Phoenix HYPE	+0.0034%	1h	93.753	−0.005%	$215K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0061%	1h	93.704	−0.057%	$16.4M	$6.9M	10x	as long as short
01 Exchange HYPEUSD	+0.0064%	1h	93.839	+0.087%	$91K	$355K	20x	as long as short
Gate HYPE_USDT	+0.0064%	4h	93.747	−0.011%	$44.2M	$57.7M	75x	as long as short
MEXC HYPE_USDT	+0.0066%	4h	93.772	+0.015%	$90.7M	$80.2M	100x	as long as short
Binance HYPEUSDT	+0.0067%	4h	93.810	+0.056%	$385.1M	$884.8M	75x	as long as short
edgeX HYPEUSDC	+0.0071%	4h	93.562	−0.208%	$5.1M	$29.7M	30x	as long as short
Phemex HYPEUSDT	+0.0078%	8h	93.696	−0.066%	$12.8M	$2.6M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.807	+0.053%	$18.7M	$58.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.752	−0.006%	$3.0M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.802	+0.047%	$63K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.727	−0.032%	$399K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.767	+0.010%	$341K	$169K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.780	+0.024%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.715	−0.045%	$5.9M	$44.1M	10x	as long as short
Pacifica HYPEshort	+0.0100%	1h	93.794	+0.039%	$10.1M	$14.5M	20x
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.796	+0.041%	$114.7M	$313.8M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.757	−0.001%	$47.2M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.810	+0.056%	$227.5M	$102.3M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.765	+0.008%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.764	+0.007%	$7.9M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.552	−0.219%	$30.9M	$51.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.616	−0.151%	$7.5M	$45.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.565	−0.205%	$416K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.677	−0.086%	$677K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.801	+0.046%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.840	+0.088%	$496K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.753	−0.004%	$112K	$577K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.764	+0.007%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.820	+0.067%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.759	+0.002%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.680	−0.083%	$205K	$7K	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	93.680	−0.083%	$30K	$338K	12x	as long as short
Extended HYPE-USDlong	+0.0104%	1h	93.757	long leg	$18.3M	$41.6M	50x
Kalshi KXHYPEPERP	+0.0120%	8h	93.804	+0.050%	$1.9M	$5.1M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	93.790	+0.035%	$4.9M	$5.7M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0219%	1h	93.849	+0.098%	$7.4M	$4.5M	50x	as long as short
HTX HYPE-USDT	+0.0219%	4h	93.915	+0.168%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	93.801	+0.047%	$77K	$142K	15x	as long as short
BloFin HYPE-USDT	+0.0267%	4h	93.753	−0.005%	$17.0M	$12.3M	75x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	93.835	+0.083%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	93.752	−0.006%	$1.4M	—	100x	as long as short
Hyperliquid HYPE	+0.0398%	1h	93.854	+0.103%	$2.04B	$666.5M	10x	as long as short
Kraken Futures PF_HYPEUSD	+0.0578%	1h	93.876	+0.126%	$21.0M	$28.9M	50x	as long as short