HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0005%/8h= −0.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.007%

Price spread now: edgeX against GRVT−0.028%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.028%, 7d avg −0.049%

Together, before fees+0.015%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board+$2 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: edgeX is 0.022% dearer against GRVT than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT HYPE_USDT_Perp	93.540	0.0100	pay 0.0050% / 4h	1h 38m	$7.5M	$48.2M	10x
Short	edgeX HYPEUSDC	93.515	0.0095	get 0.0047% / 4h	1h 38m	$5.0M	$30.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$1.07
Price spread: −0.028% → −0.049%: $2.19
Slippage, 4 orders: −$1.64
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$18.52
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; edgeX: 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 GRVT live order book, 5 min ago	0.05 bp	4.6 bp −$5	4.9 bp −$49	7348.4 bp −$734.8K	doesn't fit
Sell edgeX live order book, 5 min ago	0.16 bp	5.4 bp −$5	5.6 bp −$56	110.9 bp −$11.1K	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	−0.1064%	1h	93.455	−0.091%	$198K	$241K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0205%	1h	93.604	+0.068%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0111%	1h	93.420	−0.129%	$704K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.445	−0.102%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0068%	1h	93.470	−0.075%	$111K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.476	−0.069%	$86K	$369K	20x	as long as short
Bluefin HYPE-PERP	−0.0027%	1h	93.481	−0.064%	$79K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0021%	4h	93.453	−0.094%	$145K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.447	−0.100%	$128K	$28K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.526	−0.015%	$1.8M	$5.6M	2.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.472	−0.073%	$20K	$289K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.507	−0.035%	$83K	—	150x	as long as short
Bybit HYPEUSDT	+0.0004%	8h	93.417	−0.132%	$315.2M	$288.3M	75x	as long as short
BingX HYPE-USDT	+0.0004%	4h	93.447	−0.100%	—	$53.8M	—	as long as short
Derive HYPE-PERP	+0.0010%	1h	93.422	−0.126%	$16.2M	$7.4M	10x	as long as short
Phoenix HYPE	+0.0017%	1h	93.512	−0.030%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.427	−0.121%	$225.0M	$99.7M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0077%	8h	93.471	−0.074%	$334K	$161K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.425	−0.123%	$1.0M	$4.0M	10x	as long as short
Phemex HYPEUSDT	+0.0089%	8h	93.500	−0.043%	$12.8M	$2.8M	50x	as long as short
edgeX HYPEUSDCshort	+0.0095%	4h	93.515	−0.028%	$5.0M	$30.5M	30x
Lighter HYPE	+0.0096%	1h	93.481	−0.064%	$16.1M	$63.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.483	−0.061%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.448	−0.099%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.450	−0.097%	$22K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.446	−0.100%	$7.4M	$51.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.563	+0.024%	$2.05B	$680.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.448	−0.099%	$8.8M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.468	−0.077%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.456	−0.090%	$374.6M	$930.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.419	−0.130%	$115.4M	$315.2M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.452	−0.095%	$48.4M	$55.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.438	−0.110%	$89.4M	$83.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.451	−0.096%	$46.3M	$18.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.476	−0.069%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.479	−0.066%	$28.6M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perplong	+0.0100%	4h	93.540	long leg	$7.5M	$48.2M	10x
ApeX Omni HYPEUSDT	+0.0100%	1h	93.577	+0.039%	$347K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.534	−0.007%	$677K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.529	−0.012%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.500	−0.043%	$469K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.537	−0.004%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.473	−0.072%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.593	+0.056%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.507	−0.036%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.404	−0.146%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.468	−0.077%	$395K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.450	−0.097%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.380	−0.172%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.474	−0.071%	$77K	$129K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0317%	1h	93.573	+0.035%	$7.4M	$4.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.504	−0.039%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.496	−0.048%	$17.0M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0416%	1h	93.572	+0.034%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.484	−0.060%	$3.2M	$6.4M	20x	as long as short