HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0058%/8h= +6.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.023%

Price spread now: KuCoin against Gate−0.005%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 7 days+0.015%+$1 · spread now −0.005%, 7d avg +0.015%

Together, before fees+0.090%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.020% cheaper against Gate than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.015%). If the spread goes back, that is −$2 on $10k: about 28 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HYPE_USDT	93.231	0.0042	pay 0.0021% / 4h	1h 38m	$43.9M	$57.9M	75x
Short	KuCoin HYPEUSDTM	93.226	0.0100	get 0.0050% / 4h	1h 38m	$47.2M	$18.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now −0.005%Rate

Funding earned: $12.18
Price spread: −0.005% → +0.015%: −$2.03
Slippage, 4 orders: −$14.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$31.41
Costs to cover: 0.416%
Break-even: 25.0 days

Slippage from Gate: live order book, 5 min ago; KuCoin: live order book, 6 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 Gate live order book, 5 min ago	0.16 bp	11.7 bp −$12	14.4 bp −$144	31.0 bp −$3,102	51.5 bp −$25.7K
Sell KuCoin live order book, 6 min ago	0.48 bp	11.3 bp −$11	15.4 bp −$154	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
Aftermath Perps HYPEUSD	−0.0370%	1h	93.224	−0.007%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0160%	1h	93.305	+0.079%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.152	−0.085%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0094%	1h	93.190	−0.044%	$700K	$924K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.206	−0.027%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0008%	1h	93.248	+0.018%	$90K	$361K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.267	+0.038%	$127K	$32K	5x	as long as short
Popdex HYPEUSDT	0.0000%	1h	93.224	−0.008%	$58K	$1.2M	50x	as long as short
Perpl HYPE	0.0000%	43m	93.240	+0.010%	$23K	$331K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.269	+0.040%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0010%	4h	93.212	−0.020%	$8.9M	$35.9M	300x	as long as short
Derive HYPE-PERP	+0.0028%	1h	93.201	−0.033%	$16.3M	$7.1M	10x	as long as short
Bybit HYPEUSDT	+0.0029%	8h	93.230	−0.001%	$323.7M	$286.7M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0034%	4h	93.240	+0.010%	$171K	$519K	20x	as long as short
Bullet HYPE-USD	+0.0034%	1h	93.235	+0.004%	$112K	$579K	20x	as long as short
Phoenix HYPE	+0.0034%	1h	93.374	+0.153%	$214K	$1.2M	10x	as long as short
Gate HYPE_USDTlong	+0.0042%	4h	93.231	long leg	$43.9M	$57.9M	75x
Binance HYPEUSDT	+0.0091%	4h	93.239	+0.009%	$383.3M	$892.2M	75x	as long as short
MEXC HYPE_USDT	+0.0094%	4h	93.238	+0.008%	$90.2M	$81.7M	100x	as long as short
Lighter HYPE	+0.0096%	1h	93.248	+0.018%	$18.5M	$58.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.211	−0.021%	$3.1M	$12.1M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.214	−0.018%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.260	+0.031%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.216	−0.016%	$5.9M	$44.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.277	+0.049%	$2.03B	$670.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.215	−0.017%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.234	+0.003%	$113.9M	$313.9M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.390	+0.171%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTMshort	+0.0100%	4h	93.226	−0.005%	$47.2M	$18.9M	75x
Bitget HYPEUSDT	+0.0100%	4h	93.207	−0.026%	$225.9M	$102.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.217	−0.015%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.255	+0.026%	$7.9M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.354	+0.132%	$29.0M	$50.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.350	+0.128%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.355	+0.133%	$413K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.288	+0.061%	$675K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.272	+0.044%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.244	+0.014%	$493K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.255	+0.026%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.271	+0.043%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.228	−0.003%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.282	+0.055%	$12.7M	$2.6M	50x	as long as short
edgeX HYPEUSDC	+0.0103%	4h	93.338	+0.115%	$5.1M	$29.5M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.222	−0.010%	$18.2M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.180	−0.055%	$396K	$318K	20x	as long as short
Kalshi KXHYPEPERP	+0.0109%	8h	93.371	+0.150%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.270	+0.042%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.150	−0.087%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.231	0.000%	$78K	$158K	15x	as long as short
HTX HYPE-USDT	+0.0263%	4h	93.426	+0.209%	$1.5M	$7.7M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.256	+0.027%	$2.8M	$6.8M	20x	as long as short
BloFin HYPE-USDT	+0.0336%	4h	93.252	+0.023%	$16.9M	$12.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0159%	1h	93.264	+0.035%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0340%	1h	93.333	+0.109%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.355	+0.133%	$20.9M	$28.8M	50x	as long as short