HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.09 per $10,000 · paid last 24h −0.074%

Price spread now: Coinbase International against Hyperliquid−0.041%49s7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as 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−$260.256% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 3 days (all we have)−0.061%−$6 · spread now −0.041%, 7d avg −0.079%

Together, before fees−0.225%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.038% dearer against Hyperliquid than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.164%, so the current rate has only just turned in your favour. The two prices were read 49 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	Hyperliquid HYPE	93.628	0.0100	pay 0.0013% / 1h	1m 19s	$2.04B	$664.7M	10x
Short	Coinbase International HYPE-PERP-INTX	93.590	0.0176	get 0.0022% / 1h	1m 19s	$4.9M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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 HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now −0.041%Rate

Funding earned: $15.96
Price spread: −0.041% → −0.079%: $3.84
Slippage, 4 orders: −$6.6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$5.8
Costs to cover: 0.256%
Break-even: 9.5 days

Slippage from Hyperliquid: live order book, 13 min ago; Coinbase International: live order book, 3 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 Hyperliquid live order book, 13 min ago	0.16 bp	4.7 bp −$5	5.8 bp −$58	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	0.53 bp	6.6 bp −$7	12.5 bp −$125	34.7 bp −$3,466	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
Aftermath Perps HYPEUSD	−0.0489%	1h	93.462	−0.177%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0456%	1h	93.528	−0.107%	$197K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.492	−0.145%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0128%	1h	93.470	−0.169%	$701K	$898K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.571	−0.061%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	93.580	−0.051%	$91K	$357K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.615	−0.014%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.590	−0.040%	$23K	$330K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.629	+0.001%	$28K	—	150x	as long as short
Popdex HYPEUSDT	+0.0008%	1h	93.561	−0.072%	$62K	$1.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0014%	4h	93.569	−0.063%	$8.9M	$35.7M	300x	as long as short
Orderly PERP_HYPE_USDC	+0.0015%	4h	93.618	−0.011%	$176K	$524K	20x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.600	−0.030%	$323.9M	$280.5M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.456	−0.184%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0063%	1h	93.569	−0.063%	$111K	$577K	20x	as long as short
Gate HYPE_USDT	+0.0064%	4h	93.600	−0.030%	$44.2M	$59.0M	75x	as long as short
MEXC HYPE_USDT	+0.0064%	4h	93.568	−0.064%	$90.5M	$82.5M	100x	as long as short
Binance HYPEUSDT	+0.0065%	4h	93.602	−0.028%	$384.2M	$883.5M	75x	as long as short
Derive HYPE-PERP	+0.0065%	1h	93.578	−0.054%	$16.3M	$6.9M	10x	as long as short
edgeX HYPEUSDC	+0.0071%	4h	93.562	−0.070%	$5.1M	$29.7M	30x	as long as short
Phemex HYPEUSDT	+0.0093%	8h	93.513	−0.123%	$12.7M	$2.6M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.632	+0.005%	$18.6M	$59.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.609	−0.020%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.612	−0.017%	$398K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.580	−0.052%	$340K	$169K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.580	−0.051%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.537	−0.098%	$5.9M	$44.0M	10x	as long as short
Hyperliquid HYPElong	+0.0100%	1h	93.628	long leg	$2.04B	$664.7M	10x
Pacifica HYPE	+0.0100%	1h	93.601	−0.029%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.603	−0.027%	$114.3M	$312.6M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.588	−0.043%	$47.1M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.629	+0.001%	$227.1M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.600	−0.030%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.550	−0.083%	$7.9M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.352	−0.294%	$30.8M	$51.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.460	−0.179%	$7.5M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.565	−0.067%	$416K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.549	−0.084%	$677K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.600	−0.030%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.592	−0.038%	$495K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.627	−0.001%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.596	−0.034%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.543	−0.091%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.280	−0.372%	$204K	$8K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.544	−0.089%	$18.3M	$41.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0120%	8h	93.614	−0.015%	$1.9M	$5.1M	2.3x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0176%	1h	93.590	−0.041%	$4.9M	$5.7M	50x
HTX HYPE-USDT	+0.0219%	4h	93.706	+0.083%	$1.5M	$7.7M	75x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.770	+0.152%	$30K	$338K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0242%	1h	93.632	+0.004%	$7.4M	$4.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	93.558	−0.075%	$77K	$155K	15x	as long as short
BloFin HYPE-USDT	+0.0261%	4h	93.563	−0.069%	$16.9M	$12.4M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.623	−0.006%	$2.8M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	93.616	−0.013%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0464%	1h	93.658	+0.032%	$20.9M	$28.9M	50x	as long as short