HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.059%

Price spread now: Pacifica against Injective+0.227%7-day average −0.152% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−2.358%−$236 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.227%, 7d avg −0.152%

Together, before fees−2.350%+ Points / potential airdropPacifica: Active · farm board−$235 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.378% dearer against Injective than usual: you sell high and buy low (spread +0.227% now, against its 7-day average of −0.152%): +$38 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 34 days. At the pace of the last 7 days (−2.358% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HYPE/USDC PERP	92.930	0.0137	pay 0.0017% / 1h	54m 34s	$30K	$338K	12x
Short	Pacifica HYPE	93.141	0.0100	get 0.0013% / 1h	54m 34s	$10.0M	$14.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Injective. 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 InjectivebpFee PacificabpOrdersPrice spread, now +0.227%Rate

Funding earned: −$7.81
Price spread: +0.227% → −0.152%: $37.83
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $21.99
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: live order book, 15 min ago; Pacifica: live order book, 5 min ago. Net counts fees only.

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 Injective live order book, 15 min ago	36.64 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 5 min ago	0.32 bp	doesn't fit	doesn't fit	doesn't fit	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	−0.1080%	1h	93.025	+0.102%	$196K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	92.955	+0.027%	$1.2M	$3.9M	10x	as long as short
ApeX Omni HYPEUSDT	−0.0434%	1h	93.179	+0.268%	$337K	$1.1M	50x	as long as short
Backpack HYPE_USDC_PERP	−0.0222%	1h	93.049	+0.128%	$7.8M	$10.6M	20x	as long as short
Aftermath Perps HYPEUSD	−0.0185%	1h	93.379	+0.483%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0096%	1h	93.022	+0.099%	$84K	$360K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0086%	1h	93.040	+0.118%	$702K	$963K	10x	as long as short
Gate HYPE_USDT	−0.0082%	4h	93.074	+0.155%	$44.0M	$53.5M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.065	+0.145%	$3K	$331	25x	as long as short
Bluefin HYPE-PERP	−0.0058%	1h	93.034	+0.112%	$79K	$173K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0045%	4h	93.018	+0.095%	$158K	$648K	20x	as long as short
Aster HYPEUSDT	−0.0036%	4h	93.047	+0.126%	$8.9M	$36.2M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.099	+0.182%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.098	+0.181%	$23K	$330K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.080	+0.161%	$25K	—	150x	as long as short
BingX HYPE-USDT	+0.0016%	4h	93.079	+0.160%	—	$54.1M	—	as long as short
Bybit HYPEUSDT	+0.0028%	8h	93.011	+0.087%	$319.1M	$281.2M	75x	as long as short
Derive HYPE-PERP	+0.0029%	1h	93.024	+0.101%	$16.2M	$7.6M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.318	+0.418%	$212K	$1.2M	10x	as long as short
Binance HYPEUSDT	+0.0035%	4h	93.061	+0.140%	$378.4M	$901.8M	75x	as long as short
MEXC HYPE_USDT	+0.0036%	4h	93.107	+0.190%	$85.8M	$81.4M	100x	as long as short
Bullet HYPE-USD	+0.0040%	1h	93.057	+0.137%	$112K	$579K	20x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	93.202	+0.292%	$5.0M	$29.7M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0066%	8h	93.072	+0.153%	$114.9M	$313.6M	50x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	93.073	+0.154%	$396K	$177K	20x	as long as short
Phemex HYPEUSDT	+0.0092%	8h	93.146	+0.232%	$12.6M	$2.7M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.150	+0.237%	$18.6M	$58.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.131	+0.216%	$3.0M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.022	+0.099%	$64K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.150	+0.237%	$338K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.020	+0.097%	$37K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.048	+0.128%	$6.5M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.113	+0.197%	$2.03B	$668.9M	10x	as long as short
Pacifica HYPEshort	+0.0100%	1h	93.141	+0.227%	$10.0M	$14.7M	20x
KuCoin HYPEUSDTM	+0.0100%	4h	93.108	+0.192%	$45.8M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.059	+0.139%	$225.2M	$100.7M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.991	+0.065%	$30.4M	$54.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.196	+0.286%	$7.5M	$46.3M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.076	+0.157%	$664K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.113	+0.196%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.090	+0.172%	$473K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.110	+0.194%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.087	+0.169%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.250	+0.344%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.053	+0.132%	$18.3M	$44.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.090	+0.172%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERPlong	+0.0137%	1h	92.930	long leg	$30K	$338K	12x
BloFin HYPE-USDT	+0.0145%	4h	93.121	+0.206%	$17.0M	$12.1M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.079	+0.161%	$2.7M	$6.7M	20x	as long as short
Kalshi KXHYPEPERP	+0.0252%	8h	93.071	+0.152%	$1.9M	$5.2M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0253%	1h	93.067	+0.148%	$79K	$142K	15x	as long as short
HTX HYPE-USDT	+0.0313%	4h	93.271	+0.367%	$1.5M	$6.1M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0158%	1h	93.065	+0.145%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0620%	1h	93.192	+0.282%	$7.4M	$4.7M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0684%	1h	93.172	+0.260%	$20.8M	$29.9M	50x	as long as short