HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.009%

Price spread now: Bullet against Lighter RH−0.005%7-day average +0.006% · 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−$19as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Lighter RH Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.501%+$50 · spread now −0.005%, 7d avg +0.006%

Together, before fees+0.491%+ Points / potential airdropLighter RH: Points live · farm board+$49 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH HYPE	93.397	0.0096	pay 0.0012% / 1h	36m 31s	$3.1M	$11.6M	20x
Short	Bullet HYPE-USD	93.392	−0.0016	pay 0.0002% / 1h	36m 31s	$112K	$577K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$23.53
Price spread: −0.005% → +0.006%: −$1.12
Slippage, 4 orders: −$9.7
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$42.35
Costs to cover: 0.177%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Bullet: live order book, 28 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, 2 min ago	1.50 bp	1.7 bp −$2	3.0 bp −$30	26.2 bp −$2,615	doesn't fit
Sell Bullet live order book, 28 min ago	0.48 bp	7.4 bp −$7	10.8 bp −$108	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	−0.1296%	1h	93.292	−0.112%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.254	−0.153%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0085%	1h	93.340	−0.061%	$699K	$982K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.343	−0.058%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.351	−0.049%	$85K	$344K	20x	as long as short
Phemex HYPEUSDT	−0.0056%	8h	93.365	−0.034%	$12.6M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0053%	1h	93.379	−0.020%	$22K	$21K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0045%	4h	93.354	−0.046%	$155K	$634K	20x	as long as short
Bullet HYPE-USDshort	−0.0016%	1h	93.392	−0.005%	$112K	$577K	20x
dYdX HYPE-USD	0.0000%	1h	93.361	−0.039%	$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	93.398	+0.001%	$23K	$322K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.414	+0.018%	$62K	—	150x	as long as short
Aster HYPEUSDT	+0.0017%	4h	93.366	−0.034%	$8.8M	$35.5M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.398	+0.001%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0026%	4h	93.386	−0.012%	—	$53.0M	—	as long as short
Bybit HYPEUSDT	+0.0032%	8h	93.380	−0.018%	$321.3M	$277.2M	75x	as long as short
Gate HYPE_USDT	+0.0058%	4h	93.384	−0.014%	$44.6M	$54.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0078%	8h	93.385	−0.013%	$114.2M	$302.0M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.424	+0.029%	$16.3M	$61.6M	20x	as long as short
Lighter RH HYPElong	+0.0096%	1h	93.397	long leg	$3.1M	$11.6M	20x
Popdex HYPEUSDT	+0.0096%	1h	93.341	−0.060%	$69K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0096%	4h	93.372	−0.027%	$89.8M	$80.7M	100x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.431	+0.037%	$339K	$162K	20x	as long as short
Binance HYPEUSDT	+0.0098%	4h	93.393	−0.004%	$378.7M	$876.4M	75x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.340	−0.061%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.388	−0.010%	$5.8M	$43.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.437	+0.043%	$2.04B	$653.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.412	+0.016%	$10.0M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.580	+0.196%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.374	−0.025%	$45.9M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.358	−0.042%	$225.8M	$96.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.350	−0.050%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.317	−0.086%	$31.1M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.307	−0.096%	$7.5M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.310	−0.093%	$339K	$999K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.386	−0.012%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.392	−0.006%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.381	−0.017%	$472K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.375	−0.024%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.341	−0.060%	$16.2M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.423	+0.028%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.352	−0.048%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.350	−0.051%	$18.4M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.338	−0.064%	$397K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	93.349	−0.051%	$5.1M	$29.6M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.400	+0.003%	$4.8M	$5.6M	50x	as long as short
HTX HYPE-USDT	+0.0195%	4h	93.540	+0.153%	$1.4M	$6.0M	75x	as long as short
Reya HYPERUSDPERP	+0.0258%	1h	93.358	−0.041%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0277%	8h	93.380	−0.018%	$1.9M	$5.0M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.410	+0.014%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0336%	4h	93.364	−0.035%	$17.0M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0393%	1h	93.441	+0.047%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.453	+0.059%	$3.2M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.180	−0.232%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.423	+0.028%	$20.7M	$29.9M	50x	as long as short