HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.54 per $10,000 · paid last 24h +0.033%

Price spread now: SunX against Gate+0.092%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$790.789% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.092%, 7d avg +0.083%

Together, before fees+0.110%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.083%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HYPE_USDT	93.316	−0.0008	get 0.0004% / 4h	2h 06m	$44.2M	$55.4M	75x
Short	SunX HYPE-USDT	93.402	0.0100	get 0.0050% / 4h	2h 06m	$32K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.092%Rate

Funding earned: $22.68
Price spread: +0.092% → +0.083%: $0.96
Slippage, 4 orders: −$55.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$55.26
Costs to cover: 0.789%
Break-even: 24.1 days

Slippage from Gate: live order book, 2 min ago; SunX: live order book, 8 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, 2 min ago	0.32 bp	11.0 bp −$11	19.6 bp −$196	35.9 bp −$3,591	58.2 bp −$29.1K
Sell SunX live order book, 8 min ago	19.35 bp	33.5 bp −$33	doesn't fit	doesn't fit	doesn't fit

HYPE on 54 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	−0.1112%	1h	93.252	−0.068%	$196K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.171	−0.155%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.333	+0.018%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0076%	8h	93.318	+0.002%	$12.6M	$2.7M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0076%	1h	93.300	−0.017%	$701K	$909K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0055%	4h	93.280	−0.039%	$156K	$645K	20x	as long as short
01 Exchange HYPEUSD	−0.0048%	1h	93.298	−0.019%	$84K	$347K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0038%	1h	93.552	+0.253%	$22K	$21K	10x	as long as short
Aster HYPEUSDT	−0.0010%	4h	93.305	−0.012%	$8.8M	$35.8M	300x	as long as short
Gate HYPE_USDTlong	−0.0008%	4h	93.316	long leg	$44.2M	$55.4M	75x

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USD	0.0000%	1h	93.303	−0.014%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.297	−0.020%	$22K	$323K	10x	as long as short
Backpack HYPE_USDC_PERP	0.0000%	1h	93.301	−0.016%	$7.4M	$10.4M	20x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.311	−0.005%	$25K	—	150x	as long as short
BingX HYPE-USDT	+0.0006%	4h	93.322	+0.006%	—	$53.4M	—	as long as short
Bybit HYPEUSDT	+0.0011%	8h	93.303	−0.014%	$320.2M	$277.2M	75x	as long as short
Phoenix HYPE	+0.0060%	1h	93.484	+0.180%	$210K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0065%	1h	93.283	−0.035%	$111K	$577K	20x	as long as short
MEXC HYPE_USDT	+0.0070%	4h	93.329	+0.014%	$88.1M	$83.5M	100x	as long as short
Binance HYPEUSDT	+0.0070%	4h	93.348	+0.035%	$380.1M	$882.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0075%	8h	93.360	+0.047%	$114.6M	$303.5M	50x	as long as short
edgeX HYPEUSDC	+0.0081%	4h	93.375	+0.063%	$5.0M	$29.9M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.355	+0.042%	$16.3M	$62.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.346	+0.032%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.288	−0.030%	$67K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.326	+0.011%	$397K	$172K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.336	+0.022%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.320	+0.004%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.326	+0.010%	$5.7M	$43.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.434	+0.126%	$2.04B	$657.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.335	+0.021%	$10.0M	$14.7M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.760	+0.476%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.326	+0.011%	$46.2M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.310	−0.006%	$225.9M	$97.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.519	+0.217%	$31.1M	$54.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.391	+0.081%	$7.5M	$47.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.374	+0.062%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.362	+0.049%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.345	+0.031%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.320	+0.004%	$474K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.264	−0.056%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.276	−0.043%	$16.2M	$7.7M	10x	as long as short
SunX HYPE-USDTshort	+0.0100%	4h	93.402	+0.092%	$32K	$1.6M	20x
SoDEX HYPE-USD	+0.0100%	1h	93.340	+0.026%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.282	−0.036%	$18.3M	$43.7M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.430	+0.122%	$4.9M	$5.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	94.180	+0.926%	$31K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0184%	4h	93.450	+0.144%	$1.4M	$5.9M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.381	+0.070%	$3.2M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0256%	1h	93.298	−0.019%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0279%	8h	93.295	−0.023%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.305	−0.012%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0468%	1h	93.418	+0.109%	$7.4M	$4.4M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0683%	1h	93.400	+0.090%	$20.8M	$29.8M	50x	as long as short