HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0054%/8h= +6.0% APRnext payment +$0.07 per $10,000 · paid last 24h +0.014%

Price spread now: Bullet against Ondo Perps+0.060%7-day average +0.109% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 3 days (all we have)+0.344%+$34 · spread now +0.060%, 7d avg +0.109%

Together, before fees+0.397%+ Points / potential airdropOndo Perps: Active · farm board+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bullet is 0.049% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.060% now, against its 7-day average of +0.109%). If the spread goes back, that is −$5 on $10k: about 3.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps HYPE-USD.P	93.920	0.0046	pay 0.0006% / 1h	54m 05s	$703K	$904K	10x
Short	Bullet HYPE-USD	93.976	0.0100	get 0.0013% / 1h	54m 05s	$113K	$578K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Ondo Perps. 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 Ondo PerpsbpFee BulletbpOrdersPrice spread, now +0.060%Rate

Funding earned: $11.42
Price spread: +0.060% → +0.109%: −$4.88
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$6.46
Costs to cover: 0.130%
Break-even: 11.0 days

Slippage unknown: Ondo Perps: no order-book sample; Bullet: live order book, 25 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Bullet live order book, 25 min ago	0.22 bp	4.6 bp −$5	7.9 bp −$79	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0536%	1h	93.857	−0.067%	$199K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0487%	1h	93.772	−0.158%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.888	−0.034%	$1.2M	$3.8M	10x	as long as short
ApeX Omni HYPEUSDT	−0.0160%	1h	93.896	−0.026%	$349K	$1.1M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.965	+0.048%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.912	−0.009%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.001	+0.086%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	94.011	+0.097%	$28K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0014%	4h	94.004	+0.089%	$176K	$526K	20x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.982	+0.066%	$324.8M	$280.7M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0028%	4h	93.992	+0.077%	$8.9M	$35.8M	300x	as long as short
Phoenix HYPE	+0.0034%	1h	93.805	−0.122%	$215K	$1.2M	10x	as long as short
Ondo Perps HYPE-USD.Plong	+0.0046%	1h	93.920	long leg	$703K	$904K	10x
edgeX HYPEUSDC	+0.0067%	4h	93.855	−0.069%	$5.1M	$29.7M	30x	as long as short
Gate HYPE_USDT	+0.0068%	4h	93.998	+0.083%	$44.5M	$57.9M	75x	as long as short
Phemex HYPEUSDT	+0.0069%	8h	93.934	+0.015%	$12.8M	$2.6M	50x	as long as short
MEXC HYPE_USDT	+0.0070%	4h	93.993	+0.078%	$90.6M	$80.3M	100x	as long as short
Binance HYPEUSDT	+0.0072%	4h	93.998	+0.083%	$386.2M	$886.9M	75x	as long as short
Derive HYPE-PERP	+0.0077%	1h	93.939	+0.020%	$16.4M	$6.9M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.043	+0.130%	$19.0M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.026	+0.113%	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.977	+0.061%	$63K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.988	+0.073%	$400K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.979	+0.063%	$341K	$169K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.950	+0.032%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.980	+0.063%	$5.9M	$44.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.979	+0.063%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.000	+0.085%	$115.4M	$315.4M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.011	+0.097%	$47.3M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.001	+0.086%	$227.8M	$102.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.992	+0.077%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.020	+0.106%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.882	−0.040%	$32.1M	$53.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.906	−0.015%	$7.6M	$45.5M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.945	+0.027%	$679K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.998	+0.083%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.018	+0.104%	$485K	$2.5M	20x	as long as short
Bullet HYPE-USDshort	+0.0100%	1h	93.976	+0.060%	$113K	$578K	20x
Bluefin HYPE-PERP	+0.0100%	1h	93.996	+0.081%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.018	+0.104%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.993	+0.078%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.680	−0.256%	$205K	$7K	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	93.850	−0.075%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.976	+0.060%	$18.6M	$42.0M	50x	as long as short
01 Exchange HYPEUSD	+0.0104%	1h	94.004	+0.089%	$91K	$356K	20x	as long as short
Kalshi KXHYPEPERP	+0.0123%	8h	94.029	+0.116%	$1.9M	$5.1M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.060	+0.149%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0225%	4h	94.148	+0.243%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	93.993	+0.077%	$77K	$142K	15x	as long as short
BloFin HYPE-USDT	+0.0280%	4h	93.930	+0.011%	$17.0M	$12.3M	75x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.035	+0.122%	$2.8M	$6.8M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0292%	1h	94.089	+0.180%	$7.4M	$4.5M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	93.966	+0.049%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0577%	1h	94.098	+0.189%	$21.0M	$29.0M	50x	as long as short
Hyperliquid HYPE	+0.0633%	1h	94.058	+0.147%	$2.05B	$665.0M	10x	as long as short