HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: ApeX Omni against Lighter RH−0.092%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Lighter RH Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 3 days (all we have)+0.169%+$17 · spread now −0.092%, 7d avg −0.014%

Together, before fees+0.234%+ Points / potential airdropLighter RH: Points live · farm board+$23 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: ApeX Omni is 0.078% cheaper against Lighter RH than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH HYPE	94.214	0.0096	pay 0.0012% / 1h	47m 27s	$3.1M	$12.2M	20x
Short	ApeX Omni HYPEUSDT	94.127	0.0100	get 0.0013% / 1h	47m 27s	$336K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter RH. 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 Lighter RHbpFee ApeX OmnibpOrdersPrice spread, now −0.092%Rate

Funding earned: $0.84
Price spread: −0.092% → −0.014%: −$7.82
Slippage, 4 orders: −$10.83
Fee Lighter RH: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$27.81
Costs to cover: 0.208%
Break-even: 238.7 days

Slippage from Lighter RH: live order book, 1 min ago; ApeX Omni: live order book, 2 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 RH live order book, 1 min ago	0.05 bp	3.3 bp −$3	7.7 bp −$77	31.5 bp −$3,148	doesn't fit
Sell ApeX Omni live order book, 2 min ago	0.43 bp	5.4 bp −$5	7.9 bp −$79	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	−0.0608%	1h	94.153	−0.065%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0456%	1h	94.045	−0.179%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	94.086	−0.136%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.219	+0.005%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.266	+0.056%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.183	−0.033%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.183	−0.033%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	94.176	−0.040%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0013%	4h	94.210	−0.004%	$170K	$534K	20x	as long as short
Bybit HYPEUSDT	+0.0022%	8h	94.170	−0.047%	$324.8M	$281.3M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0043%	4h	94.194	−0.021%	$8.9M	$35.8M	300x	as long as short
Ondo Perps HYPE-USD.P	+0.0050%	1h	94.100	−0.121%	$704K	$908K	10x	as long as short
Phemex HYPEUSDT	+0.0056%	8h	94.184	−0.032%	$12.8M	$2.6M	50x	as long as short
01 Exchange HYPEUSD	+0.0072%	1h	94.168	−0.049%	$86K	$364K	20x	as long as short
Gate HYPE_USDT	+0.0074%	4h	94.166	−0.051%	$44.3M	$58.3M	75x	as long as short
MEXC HYPE_USDT	+0.0074%	4h	94.174	−0.042%	$88.4M	$81.0M	100x	as long as short
Binance HYPEUSDT	+0.0079%	4h	94.177	−0.039%	$385.9M	$889.3M	75x	as long as short
edgeX HYPEUSDC	+0.0079%	4h	94.119	−0.100%	$5.1M	$29.8M	30x	as long as short
Derive HYPE-PERP	+0.0095%	1h	94.162	−0.056%	$16.5M	$6.9M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.234	+0.021%	$19.1M	$59.3M	20x	as long as short
Lighter RH HYPElong	+0.0096%	1h	94.214	long leg	$3.1M	$12.2M	20x
Popdex HYPEUSDT	+0.0096%	1h	94.149	−0.069%	$64K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.176	−0.040%	$342K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.180	−0.036%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.152	−0.065%	$5.8M	$44.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.212	−0.002%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.172	−0.045%	$116.0M	$319.1M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.095	−0.126%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.192	−0.023%	$47.3M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.173	−0.044%	$228.0M	$102.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.165	−0.052%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.234	+0.021%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.073	−0.149%	$32.2M	$53.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.151	−0.066%	$7.6M	$45.4M	10x	as long as short
ApeX Omni HYPEUSDTshort	+0.0100%	1h	94.127	−0.092%	$336K	$1.1M	50x
StandX HYPE-USD	+0.0100%	1h	94.194	−0.021%	$681K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.237	+0.025%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.202	−0.013%	$486K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	94.174	−0.043%	$113K	$577K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.202	−0.013%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.234	+0.021%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.211	−0.003%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.090	−0.132%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.138	−0.081%	$18.7M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.244	+0.032%	$401K	$318K	20x	as long as short
Kalshi KXHYPEPERP	+0.0126%	8h	94.279	+0.069%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.310	+0.102%	$5.0M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0232%	4h	94.343	+0.137%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	94.167	−0.050%	$77K	$142K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0280%	1h	94.307	+0.099%	$7.4M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.198	−0.018%	$2.8M	$6.9M	20x	as long as short
BloFin HYPE-USDT	+0.0303%	4h	94.117	−0.103%	$17.0M	$12.3M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0341% / S −0.0165%	1h	94.212	−0.002%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0575%	1h	94.322	+0.115%	$21.1M	$29.1M	50x	as long as short
Hyperliquid HYPE	+0.0685%	1h	94.273	+0.063%	$2.06B	$667.7M	10x	as long as short