Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Bulk against Lighter RH−0.231%7-day average +0.020% · 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−$37as in the Price arb table
costs, in and out, $10k−$120.124% of the position
Funding, last 3 days (all we have)+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)+0.224%+$22 · spread now −0.231%, 7d avg +0.020%
=Together, before fees+0.231%+ 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: Bulk is 0.251% cheaper against Lighter RH than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH HYPE | 93.466 | 0.0096 | pay 0.0012% / 1h | 50m 08s | $3.1M | $11.8M | 20x |
| Short | Bulk HYPE-USD | 93.250 | 0.0100 | get 0.0013% / 1h | 50m 08s | $203K | $10K | 10x |
Lighter RH HYPE
Bulk HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: −0.231% → +0.020%
- −$25.11
- Slippage, 4 orders
- −$5.36
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$36.63
- Costs to cover
- 0.124%
- Break-even
- 312.3 days
Slippage from Lighter RH: live order book, 4 min ago; Bulk: live order book, 19 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, 4 min ago | 0.32 bp | 3.0 bp −$3 | 7.5 bp −$75 | 34.8 bp −$3,484 | doesn't fit |
| Sell Bulk live order book, 19 min ago | 0.53 bp | 4.4 bp −$4 | 6.8 bp −$68 | 11.9 bp −$1,193 | 21.5 bp −$10.7K |
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 | −0.1072% | 1h | 93.160 | −0.328% | $196K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.319 | −0.157% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0206% | 1h | 93.313 | −0.164% | $22K | $21K | 10x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0149% | 1h | 93.452 | −0.015% | $7.8M | $10.6M | 20x | as long as short |
| ApeX Omni HYPEUSDT | −0.0108% | 1h | 93.152 | −0.336% | $337K | $1.1M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0099% | 1h | 93.340 | −0.135% | $699K | $974K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.282 | −0.197% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0080% | 4h | 93.471 | +0.005% | $44.3M | $53.7M | 75x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.437 | −0.031% | $85K | $360K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0048% | 4h | 93.406 | −0.064% | $158K | $646K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Backpack HYPE_USDC_PERP
ApeX Omni HYPEUSDT
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Gate HYPE_USDT
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0024% | 4h | 93.445 | −0.022% | $8.9M | $36.2M | 300x | as long as short |
| Phemex HYPEUSDT | −0.0022% | 8h | 93.438 | −0.030% | $12.7M | $2.7M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.462 | −0.004% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.437 | −0.031% | $22K | $333K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.451 | −0.017% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0014% | 4h | 93.473 | +0.007% | — | $54.2M | — | as long as short |
| Bybit HYPEUSDT | +0.0028% | 8h | 93.440 | −0.028% | $319.8M | $282.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0038% | 4h | 93.449 | −0.018% | $88.1M | $81.9M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0038% | 4h | 93.103 | −0.388% | $5.0M | $29.8M | 30x | as long as short |
| Binance HYPEUSDT | +0.0044% | 4h | 93.464 | −0.002% | $381.0M | $904.2M | 75x | as long as short |
| Bluefin HYPE-PERP | +0.0047% | 1h | 93.445 | −0.022% | $79K | $173K | 20x | as long as short |
| Derive HYPE-PERP | +0.0053% | 1h | 93.422 | −0.047% | $16.2M | $7.6M | 10x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.190 | −0.295% | $212K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0066% | 8h | 93.467 | +0.001% | $115.3M | $315.9M | 50x | as long as short |
| Bullet HYPE-USD | +0.0066% | 1h | 93.420 | −0.049% | $111K | $578K | 20x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.435 | −0.033% | $397K | $177K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.474 | +0.008% | $16.5M | $62.1M | 20x | as long as short |
| Lighter RH HYPElong | +0.0096% | 1h | 93.466 | long leg | $3.1M | $11.8M | 20x | |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.436 | −0.032% | $64K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.480 | +0.015% | $340K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.410 | −0.060% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.430 | −0.038% | $6.6M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.566 | +0.107% | $2.04B | $672.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.461 | −0.005% | $10.0M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.468 | +0.002% | $46.0M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.484 | +0.019% | $226.3M | $100.7M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.281 | −0.198% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.172 | −0.315% | $7.5M | $46.9M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.323 | −0.153% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.444 | −0.024% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.464 | −0.002% | $468K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.514 | +0.051% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.455 | −0.012% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USDshort | +0.0100% | 1h | 93.250 | −0.231% | $203K | $10K | 10x | |
| Extended HYPE-USD | +0.0104% | 1h | 93.438 | −0.029% | $18.3M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.460 | −0.006% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.170 | −0.317% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0158% | 4h | 93.376 | −0.096% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.488 | +0.024% | $2.7M | $6.8M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0253% | 1h | 93.419 | −0.050% | $79K | $142K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0256% | 8h | 93.475 | +0.010% | $1.9M | $5.2M | 2.3x | as long as short |
| HTX HYPE-USDT | +0.0273% | 4h | 93.600 | +0.143% | $1.5M | $6.1M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.443 | −0.025% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0584% | 1h | 93.570 | +0.111% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0682% | 1h | 93.548 | +0.088% | $20.9M | $29.9M | 50x | as long as short |
Aster HYPEUSDT
Phemex HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
MEXC HYPE_USDT
edgeX HYPEUSDC
Binance HYPEUSDT
Bluefin HYPE-PERP
Derive HYPE-PERP
Phoenix HYPE
OKX HYPE-USDT-SWAP
Bullet HYPE-USD
Aevo HYPE-PERP
Lighter HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD