HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.025%

Price spread now: 01 Exchange against Lighter−0.077%52s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$150.148% of the position

Long on Lighter Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.077%, 7d avg −0.003%

Together, before fees+0.220%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.074% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 52 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	Lighter HYPE	93.173	0.0096	pay 0.0012% / 1h	34m 38s	$18.5M	$58.8M	20x
Short	01 Exchange HYPEUSD	93.101	−0.0016	pay 0.0002% / 1h	34m 38s	$90K	$362K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Lighter. 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 LighterbpFee 01 ExchangebpOrdersPrice spread, now −0.077%Rate

Funding earned: −$23.52
Price spread: −0.077% → −0.003%: −$7.42
Slippage, 4 orders: −$7.77
Fee Lighter: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$45.71
Costs to cover: 0.148%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; 01 Exchange: live order book, 50 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 Lighter live order book, 4 min ago	0.00 bp	0.1 bp $0	1.8 bp −$18	13.1 bp −$1,311	48.4 bp −$24.2K
Sell 01 Exchange live order book, 50 min ago	0.05 bp	6.1 bp −$6	10.1 bp −$101	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
Aftermath Perps HYPEUSD	−0.0375%	1h	93.139	−0.036%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0192%	1h	93.147	−0.027%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.024	−0.160%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0111%	1h	93.070	−0.110%	$698K	$923K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.118	−0.059%	$3K	$331	25x	as long as short
01 Exchange HYPEUSDshort	−0.0016%	1h	93.101	−0.077%	$90K	$362K	20x
Popdex HYPEUSDT	−0.0008%	1h	93.106	−0.072%	$57K	$1.2M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.124	−0.053%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.124	−0.052%	$23K	$331K	10x	as long as short
Aster HYPEUSDT	+0.0001%	4h	93.109	−0.068%	$8.8M	$36.0M	300x	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 −0.0001%	1h	93.175	+0.002%	$20K	—	150x	as long as short
Bybit HYPEUSDT	+0.0026%	8h	93.081	−0.098%	$323.0M	$286.8M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0031%	4h	93.136	−0.039%	$172K	$520K	20x	as long as short
Bullet HYPE-USD	+0.0031%	1h	93.119	−0.057%	$111K	$579K	20x	as long as short
Derive HYPE-PERP	+0.0031%	1h	93.113	−0.065%	$16.3M	$7.1M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.106	−0.072%	$214K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0038%	4h	93.095	−0.083%	$43.9M	$58.0M	75x	as long as short
Binance HYPEUSDT	+0.0080%	4h	93.101	−0.077%	$382.5M	$893.5M	75x	as long as short
MEXC HYPE_USDT	+0.0082%	4h	93.116	−0.061%	$89.9M	$81.8M	100x	as long as short
Lighter HYPElong	+0.0096%	1h	93.173	long leg	$18.5M	$58.8M	20x
Lighter RH HYPE	+0.0096%	1h	93.138	−0.037%	$3.1M	$12.1M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.107	−0.070%	$338K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.050	−0.132%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.106	−0.072%	$5.9M	$44.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.125	−0.051%	$2.02B	$670.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.117	−0.059%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.073	−0.107%	$113.8M	$313.5M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.390	+0.233%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.126	−0.050%	$47.2M	$18.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.085	−0.094%	$225.6M	$102.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.087	−0.092%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.173	0.000%	$7.8M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.034	−0.149%	$29.0M	$50.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.137	−0.038%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.246	+0.079%	$412K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.047	−0.135%	$673K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.145	−0.030%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.147	−0.028%	$492K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.162	−0.011%	$75K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.174	+0.001%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.135	−0.040%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.160	−0.014%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.073	−0.107%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.134	−0.042%	$396K	$318K	20x	as long as short
Kalshi KXHYPEPERP	+0.0105%	8h	93.240	+0.072%	$1.9M	$5.3M	2.3x	as long as short
edgeX HYPEUSDC	+0.0110%	4h	93.120	−0.057%	$5.1M	$29.6M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.150	−0.024%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	92.970	−0.218%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.141	−0.034%	$78K	$158K	15x	as long as short
HTX HYPE-USDT	+0.0256%	4h	93.300	+0.137%	$1.5M	$7.7M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.103	−0.074%	$2.8M	$6.8M	20x	as long as short
BloFin HYPE-USDT	+0.0323%	4h	93.167	−0.006%	$16.9M	$12.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0158%	1h	93.168	−0.005%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0437%	1h	93.252	+0.085%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0466%	1h	93.257	+0.091%	$20.8M	$28.9M	50x	as long as short