HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0254%/8h= −27.9% APRnext payment −$0.32 per $10,000 · paid last 24h −0.095%

Price spread now: 01 Exchange against Injective−0.481%7-day average −0.137% · you buy dearer than you sell

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

Long on Injective Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.763%−$76 on $10k

Price spread, last 4 days (all we have)+0.610%+$61 · spread now −0.481%, 7d avg −0.137%

Together, before fees−0.154%−$15 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 01 Exchange is 0.343% cheaper against Injective than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.137%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HYPE/USDC PERP	93.000	0.0150	pay 0.0019% / 1h	51m 59s	$30K	$339K	12x
Short	01 Exchange HYPEUSD	92.553	−0.0104	pay 0.0013% / 1h	51m 59s	$86K	$351K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.481%Rate

Funding earned: −$53.44
Price spread: −0.481% → −0.137%: −$34.34
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$94.8
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 7 min ago; 01 Exchange: live order book, 7 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, 7 min ago	14.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 7 min ago	0.05 bp	7.1 bp −$7	11.1 bp −$111	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
Arcus HYPE-USD	−0.0948%	1h	92.446	−0.596%	$1.2M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0760%	1h	92.788	−0.228%	$195K	$227K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0110%	1h	92.736	−0.283%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSDshort	−0.0104%	1h	92.553	−0.481%	$86K	$351K	20x
Hotstuff HYPE-PERP	−0.0080%	1h	92.573	−0.459%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0065%	4h	92.552	−0.482%	$158K	$663K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0064%	1h	92.720	−0.301%	$699K	$1.1M	10x	as long as short
Bullet HYPE-USD	−0.0048%	1h	92.565	−0.468%	$111K	$579K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.691	−0.332%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.571	−0.461%	$23K	$309K	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 −0.0002%	1h	92.608	−0.422%	$62K	—	150x	as long as short
Aster HYPEUSDT	+0.0006%	4h	92.599	−0.431%	$8.7M	$36.2M	300x	as long as short
Derive HYPE-PERP	+0.0018%	1h	92.535	−0.500%	$16.0M	$7.5M	10x	as long as short
Phemex HYPEUSDT	+0.0026%	8h	92.568	−0.465%	$12.5M	$2.7M	50x	as long as short
BingX HYPE-USDT	+0.0032%	4h	92.553	−0.481%	—	$53.2M	—	as long as short
Bybit HYPEUSDT	+0.0037%	8h	92.510	−0.527%	$317.6M	$279.2M	75x	as long as short
Phoenix HYPE	+0.0043%	1h	92.855	−0.156%	$211K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0050%	4h	92.555	−0.478%	$44.5M	$54.5M	75x	as long as short
ApeX Omni HYPEUSDT	+0.0068%	1h	92.356	−0.692%	$337K	$1.0M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	92.509	−0.528%	$113.1M	$300.7M	50x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	92.552	−0.482%	$67K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0084%	4h	92.563	−0.470%	$87.8M	$80.1M	100x	as long as short
Binance HYPEUSDT	+0.0084%	4h	92.543	−0.492%	$372.2M	$892.1M	75x	as long as short
edgeX HYPEUSDC	+0.0090%	4h	92.792	−0.224%	$5.1M	$29.2M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0093%	8h	92.623	−0.405%	$338K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.580	−0.452%	$16.0M	$62.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.558	−0.475%	$3.1M	$11.6M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	92.540	−0.495%	$14K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.579	−0.452%	$5.8M	$43.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.600	−0.430%	$2.02B	$657.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.620	−0.409%	$10.0M	$14.9M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.800	−0.215%	$202K	$13K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.594	−0.437%	$45.9M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.515	−0.522%	$223.9M	$97.5M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.550	−0.484%	$7.4M	$10.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.820	−0.194%	$28.4M	$57.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.596	−0.434%	$7.5M	$45.7M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.793	−0.223%	$665K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.646	−0.380%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.612	−0.417%	$468K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.628	−0.400%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.578	−0.454%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.721	−0.300%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.485	−0.554%	$18.1M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.580	−0.452%	$391K	$164K	20x	as long as short
Injective HYPE/USDC PERPlong	+0.0150%	1h	93.000	long leg	$30K	$339K	12x
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.630	−0.398%	$4.7M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0260%	1h	92.568	−0.464%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0263%	8h	92.699	−0.324%	$1.8M	$5.4M	2.3x	as long as short
BloFin HYPE-USDT	+0.0325%	4h	92.787	−0.229%	$16.8M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0153%	1h	92.602	−0.428%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0332%	1h	92.618	−0.411%	$20.6M	$30.3M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0473%	1h	92.680	−0.344%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.626	−0.402%	$3.1M	$6.4M	20x	as long as short
Bluefin HYPE-PERP	+0.1674%	1h	92.565	−0.468%	$78K	$169K	20x	as long as short