HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.031%

Price spread now: 01 Exchange against Lighter RH+0.020%53s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$150.153% of the position

Long on Lighter RH Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.035%−$4 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now +0.020%, 7d avg +0.018%

Together, before fees+0.154%+ Points / potential airdropLighter RH: Points live · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 53 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	93.423	0.0096	pay 0.0012% / 1h	54m 43s	$3.1M	$11.4M	20x
Short	01 Exchange HYPEUSD	93.442	−0.0040	pay 0.0005% / 1h	54m 43s	$87K	$365K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.020%Rate

Funding earned: −$28.56
Price spread: +0.020% → +0.018%: $0.19
Slippage, 4 orders: −$8.28
Fee Lighter RH: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$43.65
Costs to cover: 0.153%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; 01 Exchange: live order book, 59 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	0.86 bp	2.5 bp −$3	3.9 bp −$39	25.6 bp −$2,561	doesn't fit
Sell 01 Exchange live order book, 59 min ago	0.16 bp	5.9 bp −$6	10.4 bp −$104	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	−0.1904%	1h	93.383	−0.043%	$196K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0360%	1h	93.438	+0.016%	$22K	$21K	10x	as long as short
Bullet HYPE-USD	−0.0158%	1h	93.388	−0.037%	$112K	$578K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.530	+0.115%	$3K	$331	25x	as long as short
01 Exchange HYPEUSDshort	−0.0040%	1h	93.442	+0.020%	$87K	$365K	20x
Orderly PERP_HYPE_USDC	−0.0036%	4h	93.427	+0.004%	$146K	$663K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0022%	1h	93.540	+0.125%	$705K	$1.2M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.453	+0.032%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.466	+0.046%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.439	+0.017%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HYPE-USD	+0.0011%	1h	93.413	−0.011%	$1.0M	$3.9M	10x	as long as short
Bitget HYPEUSDT	+0.0022%	4h	93.404	−0.020%	$226.0M	$99.1M	75x	as long as short
Phemex HYPEUSDT	+0.0022%	8h	93.469	+0.049%	$12.6M	$2.7M	50x	as long as short
Bybit HYPEUSDT	+0.0026%	8h	93.382	−0.044%	$317.7M	$283.6M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.546	+0.132%	$209K	$1.2M	10x	as long as short
Bluefin HYPE-PERP	+0.0077%	1h	93.400	−0.025%	$79K	$167K	20x	as long as short
edgeX HYPEUSDC	+0.0092%	4h	93.577	+0.165%	$5.0M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.444	+0.022%	$340K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.416	−0.008%	$16.1M	$62.9M	20x	as long as short
Lighter RH HYPElong	+0.0096%	1h	93.423	long leg	$3.1M	$11.4M	20x
Popdex HYPEUSDT	+0.0096%	1h	93.427	+0.004%	$76K	$1.1M	50x	as long as short
Gate HYPE_USDT	+0.0096%	4h	93.414	−0.010%	$46.3M	$53.8M	75x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.440	+0.018%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.412	−0.012%	$7.0M	$47.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.471	+0.051%	$2.04B	$665.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.402	−0.022%	$8.7M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.433	+0.011%	$10.1M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.386	−0.040%	$374.5M	$910.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.405	−0.019%	$114.8M	$308.0M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.328	−0.102%	$203K	$3K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.395	−0.030%	$92.1M	$80.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.422	−0.001%	$46.1M	$18.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.417	−0.006%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.476	+0.057%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.529	+0.113%	$28.7M	$56.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.637	+0.229%	$7.6M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.532	+0.117%	$343K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.573	+0.161%	$669K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.504	+0.086%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.442	+0.020%	$490K	$2.7M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.414	−0.009%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.412	−0.012%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.443	+0.021%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.580	+0.168%	$1.4M	$6.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.389	−0.037%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.423	0.000%	$395K	$161K	20x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.470	+0.050%	$30K	$339K	12x	as long as short
Kalshi KXHYPEPERP	+0.0133%	8h	93.531	+0.116%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.470	+0.050%	$4.8M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0267%	1h	93.406	−0.019%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.433	+0.010%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.441	+0.019%	$16.9M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0341%	1h	93.508	+0.091%	$20.8M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0403%	1h	93.523	+0.107%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.504	+0.087%	$3.2M	$6.3M	20x	as long as short