HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h +0.011%

Price spread now: Binance against GRVT+0.200%59s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$200.201% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days−0.184%−$18 · spread now +0.200%, 7d avg −0.002%

Together, before fees−0.182%+ Points / potential airdropGRVT: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.202% dearer against GRVT than usual: you sell high and buy low (spread +0.200% now, against its 7-day average of −0.002%): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT HYPE_USDT_Perp	93.912	0.0100	pay 0.0050% / 4h	3h 42m	$7.6M	$45.7M	10x
Short	Binance HYPEUSDT	94.100	0.0043	get 0.0022% / 4h	3h 42m	$383.9M	$894.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now +0.200%Rate

Funding earned: −$11.92
Price spread: +0.200% → −0.002%: $20.22
Slippage, 4 orders: −$1.11
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.81
Costs to cover: 0.201%
Break-even: from the start

Slippage from GRVT: live order book, 2 min ago; Binance: live order book, 16 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 GRVT live order book, 2 min ago	0.05 bp	4.8 bp −$5	5.6 bp −$56	1081.7 bp −$108.2K	doesn't fit
Sell Binance live order book, 16 min ago	0.05 bp	5.1 bp −$5	7.5 bp −$75	10.1 bp −$1,006	28.6 bp −$14.3K

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	−0.1480%	1h	93.902	−0.011%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.996	+0.089%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0285%	1h	93.932	+0.021%	$22K	$23K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0189%	1h	93.960	+0.051%	$703K	$927K	10x	as long as short
Phemex HYPEUSDT	−0.0167%	8h	94.025	+0.120%	$12.8M	$2.6M	50x	as long as short
Bullet HYPE-USD	−0.0115%	1h	93.988	+0.081%	$112K	$580K	20x	as long as short
Gate HYPE_USDT	−0.0090%	4h	94.094	+0.194%	$44.5M	$59.3M	75x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	94.125	+0.227%	$85K	$361K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.091	+0.190%	$3K	$331	25x	as long as short
dYdX HYPE-USD	−0.0060%	1h	94.085	+0.184%	$128K	$29K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0038%	8h	94.080	+0.179%	$323.4M	$281.4M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0011%	4h	94.008	+0.102%	$169K	$593K	20x	as long as short
Derive HYPE-PERP	−0.0008%	1h	93.973	+0.064%	$16.4M	$7.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.088	+0.187%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.032	+0.128%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0014%	4h	94.088	+0.187%	$8.9M	$36.1M	300x	as long as short
Bluefin HYPE-PERP	+0.0028%	1h	94.025	+0.120%	$76K	$171K	20x	as long as short
Phoenix HYPE	+0.0034%	1h	93.915	+0.003%	$218K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0040%	4h	94.100	+0.200%	$89.0M	$82.2M	100x	as long as short
Binance HYPEUSDTshort	+0.0043%	4h	94.100	+0.200%	$383.9M	$894.2M	75x
edgeX HYPEUSDC	+0.0051%	4h	93.859	−0.057%	$5.1M	$29.9M	30x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	94.104	+0.204%	$63K	$1.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0081%	8h	94.076	+0.174%	$116.0M	$319.5M	50x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	94.062	+0.159%	$400K	$193K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.121	+0.222%	$18.9M	$58.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.085	+0.184%	$3.1M	$12.0M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.140	+0.242%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.100	+0.200%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.106	+0.207%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.178	+0.283%	$2.05B	$677.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.115	+0.216%	$10.1M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.816	−0.102%	$204K	$5K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.095	+0.195%	$46.6M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.102	+0.202%	$228.3M	$101.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.087	+0.186%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.080	+0.179%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.820	−0.098%	$31.3M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perplong	+0.0100%	4h	93.912	long leg	$7.6M	$45.7M	10x
ApeX Omni HYPEUSDT	+0.0100%	1h	93.865	−0.050%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.913	+0.001%	$679K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.100	+0.200%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.113	+0.214%	$480K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.098	+0.198%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.035	+0.131%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.087	+0.186%	$18.9M	$43.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.000	+0.093%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0164%	4h	94.031	+0.126%	$17.0M	$12.3M	75x	as long as short
Kalshi KXHYPEPERP	+0.0184%	8h	94.067	+0.165%	$1.9M	$5.1M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.260	+0.370%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.146	+0.249%	$2.8M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.094	+0.193%	$79K	$143K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0157%	1h	94.051	+0.148%	$1.5M	—	100x	as long as short
HTX HYPE-USDT	+0.0391%	4h	94.200	+0.306%	$1.5M	$6.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0654%	1h	94.160	+0.264%	$7.5M	$4.7M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0671%	1h	94.148	+0.251%	$21.0M	$29.7M	50x	as long as short