HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: StandX against Lighter RH+0.169%47s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

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

costs, in and out, $10k−$130.129% of the position

Long on Lighter RH Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days−0.162%−$16 · spread now +0.169%, 7d avg +0.004%

Together, before fees−0.116%+ Points / potential airdropLighter RH: Points live · StandX: Active · farm board−$12 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: StandX is 0.165% dearer against Lighter RH than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 47 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 RH HYPE	94.741	0.0096	pay 0.0012% / 1h	50m 50s	$3.2M	$9.8M	20x
Short	StandX HYPE-USD	94.901	0.0100	get 0.0013% / 1h	50m 50s	$690K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0.84
Price spread: +0.169% → +0.004%: $16.49
Slippage, 4 orders: −$4.91
Fee Lighter RH: 0 bp × 2 orders: $0
Fee StandX: 4 bp × 2 orders: −$8
Net: $4.42
Costs to cover: 0.129%
Break-even: from the start

Slippage from Lighter RH: live order book, 6 min ago; StandX: live order book, 1 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, 6 min ago	0.31 bp	0.7 bp −$1	3.8 bp −$38	27.1 bp −$2,715	doesn't fit
Sell StandX live order book, 1 min ago	1.32 bp	5.3 bp −$5	5.5 bp −$55	14.2 bp −$1,416	doesn't fit

HYPE on 55 exchanges

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
Kraken Futures PF_HYPEUSD	−0.0282%	1h	94.771	+0.032%	$18.3M	$32.6M	50x	as long as short
Phemex HYPEUSDT	−0.0261%	8h	94.756	+0.016%	$12.9M	$2.2M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0228%	1h	94.770	+0.031%	$677K	$1.3M	10x	as long as short
Bluefin HYPE-PERP	−0.0221%	1h	94.700	−0.043%	$78K	$130K	20x	as long as short
Lighter HYPE	−0.0128%	1h	94.710	−0.033%	$16.5M	$55.2M	20x	as long as short
Aster HYPEUSDT	−0.0101%	4h	94.708	−0.035%	$9.0M	$34.3M	300x	as long as short
01 Exchange HYPEUSD	−0.0096%	1h	94.794	+0.056%	$102K	$349K	20x	as long as short
Gate HYPE_USDT	−0.0082%	4h	94.754	+0.014%	$55.9M	$52.6M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.894	+0.161%	$3K	$421	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0073%	4h	94.698	−0.045%	$147K	$642K	20x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International HYPE-PERP-INTX	−0.0064%	1h	94.750	+0.009%	$4.7M	$5.4M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0049%	1h	95.040	+0.316%	$22K	$17K	10x	as long as short
OKX HYPE-USDT-SWAP	−0.0042%	8h	94.696	−0.047%	$119.0M	$302.3M	50x	as long as short
Bitget HYPEUSDT	−0.0028%	4h	94.708	−0.035%	$229.3M	$85.7M	75x	as long as short
Bullet HYPE-USD	−0.0021%	1h	94.757	+0.017%	$114K	$585K	20x	as long as short
Phoenix HYPE	−0.0017%	1h	94.936	+0.206%	$198K	$1.1M	10x	as long as short
ApeX Omni HYPEUSDT	−0.0010%	1h	95.003	+0.277%	$323K	$925K	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.862	+0.128%	$128K	$96K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.805	+0.068%	$23K	$248K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.790	+0.051%	$99K	—	150x	as long as short
Derive HYPE-PERP	+0.0020%	1h	94.685	−0.059%	$16.3M	$7.0M	10x	as long as short
edgeX HYPEUSDC	+0.0025%	4h	94.997	+0.271%	$5.0M	$27.9M	30x	as long as short
Bybit HYPEUSDT	+0.0026%	8h	94.730	−0.012%	$319.9M	$261.9M	75x	as long as short
Binance HYPEUSDT	+0.0029%	4h	94.742	+0.001%	$382.0M	$848.1M	75x	as long as short
Popdex HYPEUSDT	+0.0032%	1h	94.808	+0.071%	$274K	$998K	50x	as long as short
MEXC HYPE_USDT	+0.0032%	4h	94.770	+0.031%	$89.6M	$82.3M	100x	as long as short
SoDEX HYPE-USD	+0.0040%	1h	94.760	+0.020%	$2.1M	$335K	10x	as long as short
BingX HYPE-USDT	+0.0042%	4h	94.733	−0.008%	—	$49.6M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0054%	1h	94.750	+0.009%	$6.8M	$12.3M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0056%	1h	94.824	+0.088%	$7.5M	$4.2M	50x	as long as short
KuCoin HYPEUSDTM	+0.0088%	4h	94.749	+0.008%	$47.4M	$17.7M	75x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	94.721	−0.021%	$400K	$125K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	94.826	+0.089%	$338K	$30K	20x	as long as short
Lighter RH HYPElong	+0.0096%	1h	94.741	long leg	$3.2M	$9.8M	20x
Katana Perps HYPE-USD	+0.0099%	8h	94.760	+0.020%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.816	+0.080%	$7.2M	$50.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.847	+0.112%	$2.10B	$639.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.845	+0.109%	$10.2M	$12.9M	20x	as long as short
Arcus HYPE-USD	+0.0100%	1h	94.806	+0.069%	$1.0M	$2.8M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.036	+0.312%	$228K	$20K	10x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.030	+0.305%	$29.7M	$52.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.002	+0.275%	$7.7M	$41.1M	10x	as long as short
StandX HYPE-USDshort	+0.0100%	1h	94.901	+0.169%	$690K	$2.6M	20x
Vest HYPE-PERP	+0.0100%	1h	94.877	+0.143%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.805	+0.068%	$497K	$2.4M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.800	+0.062%	$32K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.850	+0.115%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.734	−0.008%	$18.2M	$37.4M	50x	as long as short
Kalshi KXHYPEPERP	+0.0119%	8h	94.872	+0.138%	$1.8M	$5.1M	2.3x	as long as short
BloFin HYPE-USDT	+0.0135%	4h	94.728	−0.014%	$17.5M	$11.5M	75x	as long as short
RISEx HYPE/USDC	+0.0138%	1h	94.820	+0.083%	$3.1M	$5.2M	20x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	94.745	+0.004%	$84K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	94.797	+0.059%	$1.4M	—	100x	as long as short
Hibachi HYPE/USDT-P	+0.1016%	1h	94.967	+0.238%	$214K	$277K	7x	as long as short
Injective HYPE/USDC PERP	+0.1234%	1h	95.420	+0.717%	$31K	$334K	12x	as long as short