HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0270%/8h= −29.6% APRnext payment −$1.35 per $10,000 · paid last 24h −0.066%

Price spread now: Gate against HTX−0.291%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 3 days (all we have)+0.395%+$39 · spread now −0.291%, 7d avg −0.058%

Together, before fees+0.268%+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.233% cheaper against HTX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.058%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.127% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HYPE-USDT	93.740	0.0296	pay 0.0148% / 4h	2h 13m	$1.5M	$7.6M	75x
Short	Gate HYPE_USDT	93.467	0.0026	get 0.0013% / 4h	2h 13m	$44.0M	$57.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against HTX. 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 HTXbpFee GatebpOrdersPrice spread, now −0.291%Rate

Funding earned: −$56.69
Price spread: −0.291% → −0.058%: −$23.3
Slippage, 4 orders: −$9.92
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$116.91
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Gate: 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 HTX live order book, 5 min ago	1.12 bp	8.8 bp −$9	12.3 bp −$123	40.9 bp −$4,091	doesn't fit
Sell Gate live order book, 5 min ago	0.05 bp	7.7 bp −$8	13.5 bp −$135	29.0 bp −$2,896	51.6 bp −$25.8K

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	−0.0936%	1h	93.570	−0.181%	$198K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0264%	1h	93.630	−0.117%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0233%	1h	93.440	−0.320%	$702K	$932K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.537	−0.217%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	93.549	−0.204%	$90K	$346K	20x	as long as short
Bullet HYPE-USD	−0.0028%	1h	93.543	−0.211%	$111K	$582K	20x	as long as short
Derive HYPE-PERP	−0.0021%	1h	93.489	−0.268%	$16.4M	$7.0M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.567	−0.185%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.542	−0.211%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.564	−0.188%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0020%	4h	93.528	−0.226%	$8.9M	$35.8M	300x	as long as short
Gate HYPE_USDTshort	+0.0026%	4h	93.467	−0.291%	$44.0M	$57.5M	75x
Bybit HYPEUSDT	+0.0035%	8h	93.460	−0.299%	$325.5M	$287.0M	75x	as long as short
Popdex HYPEUSDT	+0.0048%	1h	93.533	−0.221%	$58K	$1.2M	50x	as long as short
Orderly PERP_HYPE_USDC	+0.0059%	4h	93.542	−0.211%	$177K	$520K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.603	−0.146%	$216K	$1.2M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.500	−0.256%	$18.6M	$59.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.523	−0.231%	$3.1M	$12.4M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.479	−0.279%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.490	−0.267%	$37K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.531	−0.223%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.643	−0.103%	$2.04B	$670.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.511	−0.245%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.487	−0.270%	$385.9M	$889.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.453	−0.306%	$114.9M	$315.5M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.440	−0.320%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.690	−0.054%	$205K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.476	−0.282%	$93.5M	$82.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.502	−0.254%	$46.4M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.486	−0.271%	$227.1M	$102.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.463	−0.295%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.569	−0.182%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.561	−0.191%	$29.2M	$50.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.632	−0.115%	$7.5M	$45.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.601	−0.148%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.588	−0.162%	$677K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.578	−0.172%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.574	−0.177%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.530	−0.224%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.612	−0.137%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.531	−0.223%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.521	−0.234%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.443	−0.317%	$18.3M	$41.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.505	−0.251%	$398K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0107%	4h	93.591	−0.159%	$5.1M	$29.7M	30x	as long as short
Kalshi KXHYPEPERP	+0.0117%	8h	93.630	−0.117%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.570	−0.181%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0246%	1h	93.529	−0.225%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.910	+0.181%	$31K	$291K	12x	as long as short
HTX HYPE-USDTlong	+0.0296%	4h	93.740	long leg	$1.5M	$7.6M	75x
Deribit HYPE_USDC-PERPETUAL	+0.0327%	1h	93.655	−0.091%	$7.4M	$4.6M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.532	−0.222%	$17.0M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0346% / S −0.0171%	1h	93.576	−0.175%	$1.5M	—	100x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.523	−0.231%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0573%	1h	93.635	−0.112%	$19.2M	$26.0M	50x	as long as short