HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.47 per $10,000 · paid last 24h +0.055%

Price spread now: HTX against GRVT+0.252%77s7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as 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−$290.292% of the position

Long on GRVT Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 3 days (all we have)−0.287%−$29 · spread now +0.252%, 7d avg −0.008%

Together, before fees−0.226%+ Points / potential airdropGRVT: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.260% dearer against GRVT than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.008%. The two prices were read 77 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	93.864	0.0100	pay 0.0050% / 4h	1m 41s	$7.6M	$45.5M	10x
Short	HTX HYPE-USDT	94.100	0.0194	get 0.0097% / 4h	1m 41s	$1.5M	$7.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.252%Rate

Funding earned: $19.72
Price spread: +0.252% → −0.008%: $25.96
Slippage, 4 orders: −$8.18
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: $16.51
Costs to cover: 0.292%
Break-even: 1.1 days

Slippage from GRVT: live order book, 2 min ago; HTX: live order book, 2 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	5.8 bp −$6	6.9 bp −$69	523.1 bp −$52.3K	doesn't fit
Sell HTX live order book, 2 min ago	0.90 bp	9.6 bp −$10	15.0 bp −$150	42.9 bp −$4,289	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	−0.1376%	1h	93.897	+0.035%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0346%	1h	93.948	+0.091%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.874	+0.011%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0133%	1h	93.930	+0.071%	$705K	$925K	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	93.924	+0.064%	$86K	$368K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.931	+0.072%	$3K	$331	25x	as long as short
Derive HYPE-PERP	−0.0012%	1h	93.900	+0.039%	$16.4M	$7.2M	10x	as long as short
dYdX HYPE-USD	−0.0007%	1h	93.976	+0.119%	$128K	$30K	5x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	93.984	+0.128%	$169K	$594K	20x	as long as short
Perpl HYPE	0.0000%	43m	93.978	+0.122%	$23K	$329K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.990	+0.135%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	93.898	+0.037%	$217K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0015%	4h	93.983	+0.127%	$8.9M	$36.1M	300x	as long as short
Bybit HYPEUSDT	+0.0018%	8h	93.990	+0.135%	$323.5M	$283.9M	75x	as long as short
Phemex HYPEUSDT	+0.0030%	8h	93.928	+0.069%	$12.8M	$2.6M	50x	as long as short
Binance HYPEUSDT	+0.0046%	4h	93.988	+0.133%	$384.1M	$898.7M	75x	as long as short
MEXC HYPE_USDT	+0.0046%	4h	93.988	+0.133%	$88.4M	$82.3M	100x	as long as short
edgeX HYPEUSDC	+0.0064%	4h	93.859	−0.005%	$5.1M	$29.7M	30x	as long as short
Popdex HYPEUSDT	+0.0064%	1h	93.930	+0.071%	$60K	$1.2M	50x	as long as short
Gate HYPE_USDT	+0.0068%	4h	93.993	+0.138%	$44.2M	$60.1M	75x	as long as short
Bullet HYPE-USD	+0.0073%	1h	93.939	+0.081%	$112K	$578K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0088%	8h	93.983	+0.127%	$116.0M	$322.9M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.036	+0.184%	$18.9M	$60.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.015	+0.161%	$3.1M	$12.3M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.967	+0.110%	$400K	$318K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	94.040	+0.188%	$42K	$1.6M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.030	+0.178%	$342K	$171K	20x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.941	+0.083%	$6.6M	$44.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.084	+0.235%	$2.05B	$680.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.017	+0.164%	$10.1M	$14.5M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.889	+0.027%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.991	+0.136%	$46.5M	$18.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.003	+0.149%	$227.7M	$102.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.980	+0.124%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.001	+0.146%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.812	−0.055%	$31.3M	$54.2M	—	as long as short
GRVT HYPE_USDT_Perplong	+0.0100%	4h	93.864	long leg	$7.6M	$45.5M	10x
ApeX Omni HYPEUSDT	+0.0100%	1h	93.817	−0.050%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.046	+0.194%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.005	+0.151%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.996	+0.141%	$472K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.963	+0.106%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.973	+0.117%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.967	+0.110%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.410	+0.582%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.976	+0.120%	$18.4M	$42.8M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.070	+0.220%	$4.9M	$5.7M	50x	as long as short
Kalshi KXHYPEPERP	+0.0157%	8h	94.054	+0.203%	$1.9M	$5.1M	2.3x	as long as short
BloFin HYPE-USDT	+0.0185%	4h	93.999	+0.144%	$17.0M	$12.6M	75x	as long as short
HTX HYPE-USDTshort	+0.0194%	4h	94.100	+0.252%	$1.5M	$7.8M	75x
Reya HYPERUSDPERP	+0.0250%	1h	93.966	+0.109%	$77K	$142K	15x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.041	+0.190%	$2.8M	$6.9M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0324%	1h	94.067	+0.217%	$7.5M	$4.6M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0156%	1h	93.993	+0.138%	$1.5M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0577%	1h	94.082	+0.233%	$21.0M	$29.5M	50x	as long as short