HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: edgeX against KuCoin−0.142%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days+0.107%+$11 · spread now −0.142%, 7d avg −0.034%

Together, before fees+0.119%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.108% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HYPEUSDTM	93.592	0.0100	pay 0.0050% / 4h	1h 31m	$46.0M	$18.1M	75x
Short	edgeX HYPEUSDC	93.459	0.0102	get 0.0051% / 4h	1h 31m	$5.1M	$29.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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 KuCoinbpFee edgeXbpOrdersPrice spread, now −0.142%Rate

Funding earned: $0.32
Price spread: −0.142% → −0.034%: −$10.79
Slippage, 4 orders: −$11.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$42.57
Costs to cover: 0.321%
Break-even: 952.9 days

Slippage from KuCoin: live order book, 8 min ago; edgeX: 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 KuCoin live order book, 8 min ago	0.43 bp	11.8 bp −$12	15.4 bp −$154	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	0.32 bp	4.8 bp −$5	5.0 bp −$50	139.7 bp −$14.0K	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	−0.1296%	1h	93.373	−0.234%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.453	−0.149%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0103%	1h	93.320	−0.291%	$699K	$996K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.512	−0.085%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0065%	8h	93.401	−0.204%	$12.6M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0063%	1h	93.445	−0.157%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.603	+0.012%	$85K	$344K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0042%	4h	93.562	−0.032%	$154K	$648K	20x	as long as short
Bullet HYPE-USD	−0.0002%	1h	93.559	−0.035%	$111K	$578K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.560	−0.034%	$128K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.578	−0.015%	$23K	$322K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.593	+0.001%	$62K	—	150x	as long as short
BingX HYPE-USDT	+0.0024%	4h	93.568	−0.026%	—	$53.0M	—	as long as short
Phoenix HYPE	+0.0026%	1h	93.512	−0.085%	$213K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0026%	4h	93.561	−0.033%	$8.8M	$35.5M	300x	as long as short
Bybit HYPEUSDT	+0.0038%	8h	93.580	−0.013%	$321.9M	$277.0M	75x	as long as short
Gate HYPE_USDT	+0.0054%	4h	93.567	−0.027%	$44.7M	$54.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0076%	8h	93.568	−0.026%	$114.4M	$302.4M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.582	−0.010%	$16.3M	$61.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.569	−0.025%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.590	−0.002%	$69K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.605	+0.014%	$340K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.580	−0.013%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.555	−0.040%	$5.8M	$43.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.638	+0.049%	$2.04B	$654.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.587	−0.005%	$10.1M	$14.6M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.586	−0.007%	$379.5M	$876.0M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.364	−0.243%	$203K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.568	−0.026%	$89.9M	$80.8M	100x	as long as short
KuCoin HYPEUSDTMlong	+0.0100%	4h	93.592	long leg	$46.0M	$18.1M	75x
Bitget HYPEUSDT	+0.0100%	4h	93.570	−0.024%	$226.2M	$96.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.407	−0.198%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.367	−0.241%	$31.1M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.532	−0.064%	$7.6M	$45.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.349	−0.260%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.512	−0.085%	$667K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.588	−0.004%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.592	0.000%	$472K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.564	−0.030%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.389	−0.217%	$16.2M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.519	−0.078%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.415	−0.189%	$2.0M	$1.9M	10x	as long as short
edgeX HYPEUSDCshort	+0.0102%	4h	93.459	−0.142%	$5.1M	$29.7M	30x
Extended HYPE-USD	+0.0104%	1h	93.547	−0.049%	$18.4M	$43.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.589	−0.003%	$398K	$162K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.520	−0.077%	$4.8M	$5.6M	50x	as long as short
HTX HYPE-USDT	+0.0188%	4h	93.592	0.000%	$1.4M	$6.0M	75x	as long as short
Reya HYPERUSDPERP	+0.0258%	1h	93.549	−0.046%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0278%	8h	93.461	−0.140%	$1.9M	$5.0M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0285%	1h	93.501	−0.097%	$7.5M	$4.4M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.588	−0.004%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.487	−0.112%	$17.0M	$11.6M	75x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.665	+0.078%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.370	−0.237%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.477	−0.123%	$20.8M	$29.7M	50x	as long as short