HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h −0.018%

Price spread now: Coinbase International against Lighter RH+0.024%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 3 days (all we have)−0.110%−$11 · spread now +0.024%, 7d avg −0.046%

Together, before fees−0.145%+ Points / potential airdropLighter RH: Points live · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.071% dearer against Lighter RH than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH HYPE	94.087	0.0096	pay 0.0012% / 1h	52m 14s	$3.1M	$12.2M	20x
Short	Coinbase International HYPE-PERP-INTX	94.110	0.0152	get 0.0019% / 1h	52m 14s	$4.9M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.024%Rate

Funding earned: $11.76
Price spread: +0.024% → −0.046%: $7.06
Slippage, 4 orders: −$9.02
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$0.2
Costs to cover: 0.190%
Break-even: 7.1 days

Slippage from Lighter RH: live order book, 2 min ago; Coinbase International: 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, 2 min ago	0.05 bp	0.1 bp $0	6.7 bp −$67	35.0 bp −$3,503	doesn't fit
Sell Coinbase International live order book, 2 min ago	3.19 bp	8.8 bp −$9	14.6 bp −$146	37.9 bp −$3,791	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	−0.0552%	1h	93.903	−0.196%	$199K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0474%	1h	93.863	−0.238%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.972	−0.122%	$1.2M	$3.8M	10x	as long as short
ApeX Omni HYPEUSDT	−0.0160%	1h	93.896	−0.203%	$349K	$1.1M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.006	−0.086%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.092	+0.006%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.058	−0.031%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.048	−0.041%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	94.035	−0.055%	$215K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0014%	4h	94.059	−0.030%	$176K	$526K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	+0.0021%	8h	94.050	−0.039%	$324.6M	$280.9M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0022%	1h	93.990	−0.103%	$703K	$907K	10x	as long as short
Aster HYPEUSDT	+0.0031%	4h	94.058	−0.031%	$8.9M	$35.8M	300x	as long as short
Phemex HYPEUSDT	+0.0070%	8h	93.985	−0.108%	$12.8M	$2.6M	50x	as long as short
Gate HYPE_USDT	+0.0070%	4h	94.054	−0.035%	$44.5M	$57.9M	75x	as long as short
MEXC HYPE_USDT	+0.0072%	4h	94.080	−0.007%	$90.7M	$80.5M	100x	as long as short
edgeX HYPEUSDC	+0.0073%	4h	93.924	−0.173%	$5.1M	$29.7M	30x	as long as short
Binance HYPEUSDT	+0.0076%	4h	94.060	−0.029%	$386.4M	$888.2M	75x	as long as short
Derive HYPE-PERP	+0.0082%	1h	93.978	−0.116%	$16.5M	$6.9M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.101	+0.015%	$19.1M	$59.1M	20x	as long as short
Lighter RH HYPElong	+0.0096%	1h	94.087	long leg	$3.1M	$12.2M	20x
01 Exchange HYPEUSD	+0.0096%	1h	94.080	−0.007%	$87K	$363K	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.054	−0.035%	$63K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.063	−0.025%	$400K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.089	+0.002%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.100	+0.014%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.050	−0.039%	$5.9M	$44.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.084	−0.003%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.060	−0.029%	$115.9M	$317.4M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.073	−0.015%	$47.2M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.089	+0.002%	$228.0M	$102.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.072	−0.016%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.087	0.000%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.882	−0.218%	$32.1M	$53.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.938	−0.158%	$7.6M	$45.5M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.059	−0.030%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.082	−0.005%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.072	−0.016%	$485K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	94.021	−0.070%	$113K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.031	−0.060%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.056	−0.033%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.052	−0.037%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.680	−0.433%	$205K	$7K	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.170	+0.088%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.034	−0.056%	$18.7M	$42.1M	50x	as long as short
Kalshi KXHYPEPERP	+0.0124%	8h	94.122	+0.037%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0152%	1h	94.110	+0.024%	$4.9M	$5.7M	50x
HTX HYPE-USDT	+0.0226%	4h	94.235	+0.157%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	94.033	−0.058%	$77K	$142K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0281%	1h	94.144	+0.061%	$7.4M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.099	+0.012%	$2.8M	$6.8M	20x	as long as short
BloFin HYPE-USDT	+0.0293%	4h	94.084	−0.003%	$17.0M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	94.031	−0.060%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0576%	1h	94.165	+0.083%	$21.1M	$29.0M	50x	as long as short
Hyperliquid HYPE	+0.0744%	1h	94.143	+0.060%	$2.05B	$666.1M	10x	as long as short