HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: StandX against Extended−0.275%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Extended Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.270%+$27 · spread now −0.275%, 7d avg +0.031%

Together, before fees+0.253%+ Points / potential airdropExtended: Active · StandX: Active · farm board+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.306% cheaper against Extended than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HYPE-USD	94.873	0.0104	pay 0.0013% / 1h	22m 32s	$18.3M	$43.0M	50x
Short	StandX HYPE-USD	94.612	0.0100	get 0.0013% / 1h	22m 32s	$691K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.275%Rate

Funding earned: −$0.84
Price spread: −0.275% → +0.031%: −$30.64
Slippage, 4 orders: −$10.87
Fee Extended: 2.5 bp × 2 orders: −$5
Fee StandX: 4 bp × 2 orders: −$8
Net: −$55.35
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; StandX: 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, 2 min ago	0.05 bp	4.8 bp −$5	9.3 bp −$93	30.3 bp −$3,033	doesn't fit
Sell StandX live order book, 1 min ago	2.80 bp	9.7 bp −$10	9.9 bp −$99	18.2 bp −$1,822	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	−0.0816%	1h	94.764	−0.115%	$211K	$267K	7x	as long as short
Bluefin HYPE-PERP	−0.0569%	1h	94.823	−0.053%	$80K	$148K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0298%	1h	94.505	−0.388%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0243%	1h	94.918	+0.048%	$113K	$577K	20x	as long as short
Phemex HYPEUSDT	−0.0215%	8h	94.810	−0.066%	$12.9M	$2.9M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0156%	1h	94.570	−0.319%	$702K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	94.866	−0.007%	$90K	$364K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.870	−0.003%	$1.0M	$3.3M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.838	−0.037%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.848	−0.026%	$18.9M	$35.5M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0010%	8h	94.870	−0.003%	$319.8M	$293.5M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0007%	4h	94.840	−0.035%	$147K	$676K	20x	as long as short
Gate HYPE_USDT	−0.0002%	4h	94.907	+0.036%	$52.0M	$55.5M	75x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.826	−0.049%	$130K	$92K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.773	−0.105%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.852	−0.022%	$19K	$275K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.860	−0.014%	$114K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.372	−0.528%	$209K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0010%	1h	94.160	−0.751%	$16.3M	$7.5M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.880	+0.008%	$4.7M	$5.9M	50x	as long as short
Bitget HYPEUSDT	+0.0032%	4h	94.900	+0.029%	$228.3M	$97.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0038%	1h	94.819	−0.057%	$7.6M	$10.4M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0040%	8h	94.896	+0.024%	$118.3M	$328.2M	50x	as long as short
Vest HYPE-PERP	+0.0042%	1h	94.945	+0.076%	—	$190K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0042%	8h	94.923	+0.053%	$339K	$39K	20x	as long as short
SoDEX HYPE-USD	+0.0056%	1h	94.864	−0.009%	$2.1M	$2.0M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.880	+0.007%	$16.3M	$63.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.880	+0.008%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.891	+0.019%	$150K	$1.2M	50x	as long as short
edgeX HYPEUSDC	+0.0097%	4h	94.374	−0.526%	$5.0M	$30.8M	30x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.880	+0.008%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.873	0.000%	$7.2M	$51.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.020	+0.155%	$2.09B	$672.4M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.872	−0.001%	$9.0M	$38.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.905	+0.034%	$10.2M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.900	+0.028%	$381.7M	$930.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.213	−0.695%	$219K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.905	+0.034%	$96.0M	$87.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.892	+0.020%	$47.4M	$19.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.901	+0.030%	—	$52.6M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.267	−0.639%	$29.8M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.416	−0.482%	$7.6M	$44.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.358	−0.543%	$344K	$1.0M	50x	as long as short
StandX HYPE-USDshort	+0.0100%	1h	94.612	−0.275%	$691K	$2.7M	20x
Polymarket Perps HYPE-USD	+0.0100%	1h	94.962	+0.094%	$501K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.906	+0.035%	$33K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.950	+0.081%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USDlong	+0.0104%	1h	94.873	long leg	$18.3M	$43.0M	50x
Aevo HYPE-PERP	+0.0104%	1h	94.892	+0.020%	$401K	$148K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.927	+0.057%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.313%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0224%	1h	94.965	+0.097%	$7.5M	$4.4M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.882	+0.009%	$83K	$105K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	94.895	+0.023%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.864	−0.009%	$17.4M	$12.5M	75x	as long as short