HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.028%

Price spread now: SoDEX against gTrade (Gains Network)−0.069%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$289as in the Price arb table

costs, in and out, $10k−$2832.832% of the position

Long on gTrade (Gains Network)Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.102%+$10 on $10k

Price spread, last 4 days (all we have)−0.334%−$33 · spread now −0.069%, 7d avg −0.010%

Together, before fees−0.232%−$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.059% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.010%). If the spread goes back, that is −$6 on $10k: about 2.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	94.588	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	38m 47s	$95K	—	150x
Short	SoDEX HYPE-USD	94.523	0.0075	get 0.0009% / 1h	38m 47s	$2.1M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee SoDEXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $15.43
Price spread: −0.069% → −0.010%: −$5.9
Slippage, 4 orders: −$265.23
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$273.7
Costs to cover: 2.832%
Break-even: 131.2 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 25 min ago; SoDEX: 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 gTrade (Gains Network) virtual book (oracle venue), 25 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	731.2 bp −$73.1K	7341.5 bp −$3.67M
Sell SoDEX live order book, 5 min ago	0.11 bp	7.1 bp −$7	12.0 bp −$120	103.8 bp −$10.4K	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	−0.1016%	1h	94.453	−0.143%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0633%	1h	94.510	−0.083%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0308%	1h	94.738	+0.158%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0188%	1h	94.570	−0.019%	$112K	$578K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0130%	1h	94.530	−0.062%	$704K	$1.3M	10x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.557	−0.033%	$1.0M	$3.5M	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.606	+0.019%	$90K	$367K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.556	−0.034%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0072%	4h	94.488	−0.106%	$51.3M	$54.8M	75x	as long as short
Phemex HYPEUSDT	−0.0057%	8h	94.539	−0.052%	$12.9M	$2.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.509	−0.083%	$19.0M	$35.3M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	94.547	−0.044%	$147K	$682K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.566	−0.023%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.609	+0.022%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.556	−0.034%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0001%	1h	94.588	long leg	$95K	—	150x
Phoenix HYPE	+0.0008%	1h	94.747	+0.168%	$210K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.550	−0.040%	$4.7M	$6.4M	50x	as long as short
Bitget HYPEUSDT	+0.0020%	4h	94.559	−0.031%	$227.1M	$99.7M	75x	as long as short
Bybit HYPEUSDT	+0.0040%	8h	94.530	−0.062%	$318.1M	$296.5M	75x	as long as short
Derive HYPE-PERP	+0.0045%	1h	94.501	−0.092%	$16.3M	$7.5M	10x	as long as short
Vest HYPE-PERP	+0.0050%	1h	94.626	+0.040%	—	$190K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0050%	8h	94.564	−0.025%	$338K	$154K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0054%	8h	94.536	−0.055%	$117.8M	$329.2M	50x	as long as short
SoDEX HYPE-USDshort	+0.0075%	1h	94.523	−0.069%	$2.1M	$2.0M	10x
edgeX HYPEUSDC	+0.0094%	4h	94.574	−0.015%	$5.0M	$30.8M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.544	−0.046%	$16.2M	$62.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.542	−0.049%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.573	−0.016%	$148K	$1.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.560	−0.030%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.569	−0.021%	$7.3M	$52.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.644	+0.059%	$2.08B	$685.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.528	−0.064%	$9.7M	$37.6M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.594	+0.006%	$10.2M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.540	−0.051%	$380.7M	$939.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.690	+0.108%	$221K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.569	−0.020%	$93.8M	$85.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.558	−0.032%	$47.2M	$19.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.504	−0.089%	—	$53.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.470	−0.125%	$7.6M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.549	−0.041%	$30.0M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.786	+0.209%	$7.7M	$44.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.537	−0.054%	$345K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.511	−0.082%	$693K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.648	+0.063%	$499K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.624	+0.038%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.712	+0.131%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.491	−0.102%	$18.4M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.574	−0.015%	$400K	$153K	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0131%	1h	94.609	+0.022%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.613	+0.027%	$3.1M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	94.530	−0.062%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.523	−0.069%	$85K	$117K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0152%	1h	94.603	+0.015%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.502	−0.091%	$17.2M	$12.6M	75x	as long as short