HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.1261%/8h= +138.1% APRnext payment +$1.58 per $10,000 · paid last 24h +0.368%

Price spread now: RISEx against Hibachi−0.055%7-day average +0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$650.653% of the position

Long on Hibachi Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+1.398%+$140 on $10k

Price spread, last 4 days (all we have)−0.292%−$29 · spread now −0.055%, 7d avg +0.084%

Together, before fees+1.106%+ Points / potential airdropHibachi: Active · farm board+$111 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.138% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.084%). If the spread goes back, that is −$14 on $10k: about 9 hours of funding at the current rate (+$38 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	95.252	−0.1128	get 0.0141% / 1h	51m 21s	$215K	$263K	7x
Short	RISEx HYPE/USDC	95.199	0.0133	get 0.0017% / 1h	51m 21s	$3.2M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Hibachi. 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 HibachibpFee RISExbpOrdersPrice spread, now −0.055%Rate

Funding earned: $264.84
Price spread: −0.055% → +0.084%: −$13.85
Slippage, 4 orders: −$50.29
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $185.7
Costs to cover: 0.653%
Break-even: 2.1 days

Slippage from Hibachi: live order book, 60 min ago; RISEx: live order book, 1 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 Hibachi live order book, 60 min ago	12.16 bp	33.2 bp −$33	48.3 bp −$483	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	0.89 bp	3.9 bp −$4	6.0 bp −$60	doesn't fit	doesn't fit

HYPE on 54 exchanges

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-Plong	−0.1128%	1h	95.252	long leg	$215K	$263K	7x
Phemex HYPEUSDT	−0.0274%	8h	95.208	−0.046%	$13.0M	$2.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.149	−0.107%	$18.5M	$35.2M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0183%	1h	95.090	−0.170%	$689K	$1.3M	10x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.142	−0.115%	$1.1M	$2.4M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0129%	1h	95.226	−0.027%	$22K	$17K	10x	as long as short
Lighter HYPE	−0.0120%	1h	95.103	−0.156%	$16.3M	$57.5M	20x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	95.163	−0.093%	$95K	$339K	20x	as long as short
Gate HYPE_USDT	−0.0086%	4h	95.133	−0.125%	$54.7M	$53.1M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.191	−0.064%	$3K	$331	25x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.140	−0.117%	$4.7M	$5.5M	50x	as long as short
Bullet HYPE-USD	−0.0056%	1h	95.160	−0.097%	$114K	$581K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0044%	4h	95.095	−0.165%	$148K	$643K	20x	as long as short
Aster HYPEUSDT	−0.0040%	4h	95.139	−0.118%	$9.0M	$32.8M	300x	as long as short
Popdex HYPEUSDT	−0.0024%	1h	95.173	−0.083%	$274K	$1.0M	50x	as long as short
OKX HYPE-USDT-SWAP	−0.0013%	8h	95.130	−0.128%	$119.2M	$302.7M	50x	as long as short
Phoenix HYPE	−0.0008%	1h	95.326	+0.078%	$199K	$1.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	95.169	−0.087%	$129K	$94K	5x	as long as short
Perpl HYPE	0.0000%	43m	95.139	−0.118%	$24K	$251K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	0.0000%	1h	95.228	−0.025%	$7.5M	$4.3M	50x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.192	−0.063%	$100K	—	150x	as long as short
Bitget HYPEUSDT	+0.0018%	4h	95.146	−0.111%	$228.7M	$86.8M	75x	as long as short
SoDEX HYPE-USD	+0.0023%	1h	95.132	−0.126%	$2.1M	$372K	10x	as long as short
Bybit HYPEUSDT	+0.0024%	8h	95.140	−0.117%	$320.4M	$266.0M	75x	as long as short
Bulk HYPE-USD	+0.0074%	1h	95.269	+0.018%	$232K	$12K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0075%	8h	95.125	−0.133%	$339K	$35K	20x	as long as short
edgeX HYPEUSDC	+0.0078%	4h	95.131	−0.126%	$5.1M	$29.2M	30x	as long as short
Bluefin HYPE-PERP	+0.0084%	1h	95.149	−0.108%	$79K	$135K	20x	as long as short
MEXC HYPE_USDT	+0.0086%	4h	95.134	−0.124%	$90.2M	$83.1M	100x	as long as short
Binance HYPEUSDT	+0.0086%	4h	95.131	−0.127%	$382.5M	$852.4M	75x	as long as short
StandX HYPE-USD	+0.0091%	1h	95.125	−0.133%	$692K	$2.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.125	−0.133%	$3.3M	$10.0M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.110	−0.149%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.105	−0.154%	$7.4M	$51.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.267	+0.016%	$2.11B	$645.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.158	−0.098%	$10.3M	$13.3M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.165	−0.091%	$48.1M	$17.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	95.142	−0.115%	—	$49.3M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.206	−0.048%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.251	−0.001%	$30.0M	$53.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.192	−0.063%	$7.7M	$39.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.135	−0.123%	$347K	$882K	50x	as long as short
Vest HYPE-PERP	+0.0100%	1h	95.200	−0.054%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.189	−0.066%	$504K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.208	−0.046%	$33K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.284	+0.034%	$1.4M	$5.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.103	−0.156%	$18.4M	$39.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.114	−0.144%	$402K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0124%	8h	95.233	−0.020%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDCshort	+0.0133%	1h	95.199	−0.055%	$3.2M	$5.5M	20x
Reya HYPERUSDPERP	+0.0270%	1h	95.108	−0.151%	$85K	$96K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.199	−0.055%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0336%	4h	95.165	−0.091%	$17.3M	$11.5M	75x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.500	+0.261%	$31K	$334K	12x	as long as short