HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0244%/8h= +26.7% APRnext payment +$0.31 per $10,000 · paid last 24h +0.079%

Price spread now: Hyperliquid against Ondo Perps+0.034%7-day average +0.013% · you sell dearer than you buy

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

Long on Ondo Perps Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 7 days+0.365%+$37 · spread now +0.034%, 7d avg +0.013%

Together, before fees+0.561%+ Points / potential airdropOndo Perps: Active · Hyperliquid: Season 2 · farm board+$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 0.021% dearer against Ondo Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps HYPE-USD.P	93.940	−0.0144	get 0.0018% / 1h	21m 09s	$710K	$959K	10x
Short	Hyperliquid HYPE	93.972	0.0100	get 0.0013% / 1h	21m 09s	$2.05B	$673.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.034%Rate

Funding earned: $51.24
Price spread: +0.034% → +0.013%: $2.14
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $39.38
Costs to cover: 0.140%
Break-even: 1.6 days

Slippage unknown: Ondo Perps: no order-book sample; Hyperliquid: live order book, 13 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 Hyperliquid live order book, 13 min ago	0.05 bp	4.9 bp −$5	6.3 bp −$63	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	−0.1336%	1h	93.984	+0.047%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.858	−0.087%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0209%	1h	94.121	+0.193%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.Plong	−0.0144%	1h	93.940	long leg	$710K	$959K	10x
dYdX HYPE-USD	−0.0117%	1h	94.038	+0.104%	$129K	$31K	5x	as long as short
Bullet HYPE-USD	−0.0098%	1h	93.977	+0.039%	$113K	$581K	20x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	93.947	+0.007%	$86K	$360K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.035	+0.101%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0051%	8h	93.927	−0.014%	$12.8M	$2.6M	50x	as long as short
Bybit HYPEUSDT	−0.0027%	8h	93.836	−0.111%	$322.4M	$280.3M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0023%	4h	93.935	−0.005%	$159K	$645K	20x	as long as short
Gate HYPE_USDT	−0.0022%	4h	93.838	−0.109%	$44.4M	$59.9M	75x	as long as short
Perpl HYPE	0.0000%	43m	93.978	+0.040%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.002	+0.066%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0013%	4h	93.934	−0.007%	$8.9M	$36.1M	300x	as long as short
Derive HYPE-PERP	+0.0023%	1h	93.926	−0.014%	$16.4M	$7.3M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	94.149	+0.222%	$219K	$1.2M	10x	as long as short
Binance HYPEUSDT	+0.0048%	4h	93.903	−0.039%	$383.0M	$893.3M	75x	as long as short
MEXC HYPE_USDT	+0.0050%	4h	93.870	−0.075%	$89.0M	$82.8M	100x	as long as short
edgeX HYPEUSDC	+0.0070%	4h	94.065	+0.133%	$5.1M	$30.0M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0075%	8h	93.817	−0.131%	$116.0M	$317.6M	50x	as long as short
Bluefin HYPE-PERP	+0.0095%	1h	93.950	+0.011%	$76K	$171K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.999	+0.063%	$19.1M	$59.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.903	−0.039%	$3.0M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.947	+0.007%	$64K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.951	+0.012%	$400K	$180K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.037	+0.103%	$342K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.980	+0.043%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.945	+0.006%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPEshort	+0.0100%	1h	93.972	+0.034%	$2.05B	$673.5M	10x
Pacifica HYPE	+0.0100%	1h	94.003	+0.067%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.885	−0.059%	$46.6M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.844	−0.102%	$227.5M	$101.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.841	−0.105%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.853	−0.093%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.939	−0.001%	$31.4M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.199	+0.275%	$7.6M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.047	+0.114%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.044	+0.111%	$680K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.010	+0.075%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.982	+0.045%	$481K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.038	+0.104%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.972	+0.034%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.151	+0.224%	$205K	$2K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.961	+0.022%	$18.8M	$44.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.000	+0.064%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0192%	4h	93.962	+0.023%	$17.0M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.585%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.011	+0.076%	$2.7M	$6.8M	20x	as long as short
Kalshi KXHYPEPERP	+0.0227%	8h	94.002	+0.066%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0252%	1h	93.957	+0.018%	$79K	$142K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0324%	1h	94.064	+0.132%	$7.5M	$4.6M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0155%	1h	93.996	+0.060%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0390%	4h	94.100	+0.170%	$1.5M	$6.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0671%	1h	94.039	+0.106%	$21.0M	$29.7M	50x	as long as short