HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0223%/8h= +24.4% APRnext payment +$0.28 per $10,000 · paid last 24h +0.021%

Price spread now: SoDEX against Ondo Perps+0.138%7-day average +0.082% · you sell dearer than you buy

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

Long on Ondo Perps Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.059%+$6 on $10k

Price spread, last 3 days (all we have)−0.085%−$9 · spread now +0.138%, 7d avg +0.082%

Together, before fees−0.026%+ Points / potential airdropOndo Perps: Active · farm board−$3 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 SoDEX is 0.055% dearer against Ondo Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.082%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.059% in total (about 7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps HYPE-USD.P	92.870	−0.0123	get 0.0015% / 1h	28m 43s	$698K	$924K	10x
Short	SoDEX HYPE-USD	92.998	0.0100	get 0.0013% / 1h	28m 43s	$2.0M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.138%Rate

Funding earned: $46.87
Price spread: +0.138% → +0.082%: $5.53
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $39.41
Costs to cover: 0.130%
Break-even: 1.1 days

Slippage unknown: Ondo Perps: no order-book sample; SoDEX: live order book, 5 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 SoDEX live order book, 5 min ago	0.05 bp	6.6 bp −$7	12.6 bp −$126	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
Aftermath Perps HYPEUSD	−0.0401%	1h	93.019	+0.160%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0256%	1h	92.932	+0.067%	$196K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	92.924	+0.058%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.Plong	−0.0123%	1h	92.870	long leg	$698K	$924K	10x
Hotstuff HYPE-PERP	−0.0080%	1h	92.921	+0.055%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	92.968	+0.106%	$90K	$362K	20x	as long as short
Popdex HYPEUSDT	−0.0016%	1h	92.961	+0.098%	$58K	$1.2M	50x	as long as short
Aster HYPEUSDT	−0.0007%	4h	93.076	+0.222%	$8.8M	$36.0M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.108	+0.256%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.990	+0.129%	$23K	$331K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.038	+0.181%	$20K	—	150x	as long as short
Bybit HYPEUSDT	+0.0024%	8h	93.095	+0.242%	$322.9M	$287.2M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0025%	4h	92.979	+0.117%	$171K	$518K	20x	as long as short
Derive HYPE-PERP	+0.0033%	1h	92.949	+0.085%	$16.2M	$7.1M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.033	+0.176%	$213K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0038%	4h	93.073	+0.219%	$43.8M	$58.4M	75x	as long as short
Bullet HYPE-USD	+0.0039%	1h	92.989	+0.128%	$111K	$580K	20x	as long as short
MEXC HYPE_USDT	+0.0070%	4h	93.075	+0.221%	$90.1M	$81.9M	100x	as long as short
Binance HYPEUSDT	+0.0070%	4h	93.069	+0.214%	$381.8M	$895.1M	75x	as long as short
edgeX HYPEUSDC	+0.0086%	4h	93.085	+0.232%	$5.1M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.143	+0.294%	$18.5M	$58.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.120	+0.269%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	92.968	+0.105%	$395K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	92.948	+0.084%	$338K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.010	+0.151%	$34K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.978	+0.117%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.110	+0.258%	$2.02B	$672.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.003	+0.143%	$9.9M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.080	+0.226%	$113.7M	$314.3M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.030	+0.172%	$203K	$8K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.047	+0.191%	$47.0M	$19.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.104	+0.252%	$225.6M	$103.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.080	+0.226%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.037	+0.180%	$7.8M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.003	+0.144%	$28.9M	$50.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.981	+0.120%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.095	+0.242%	$412K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.014	+0.155%	$673K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.990	+0.130%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.992	+0.131%	$492K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.001	+0.141%	$75K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.007	+0.148%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDshort	+0.0100%	1h	92.998	+0.138%	$2.0M	$2.0M	10x
Phemex HYPEUSDT	+0.0100%	8h	93.010	+0.151%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.037	+0.180%	$18.2M	$42.1M	50x	as long as short
Kalshi KXHYPEPERP	+0.0109%	8h	93.103	+0.251%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.020	+0.162%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	92.880	+0.011%	$30K	$338K	12x	as long as short
HTX HYPE-USDT	+0.0242%	4h	93.178	+0.332%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	92.962	+0.099%	$77K	$158K	15x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.022	+0.164%	$2.7M	$6.8M	20x	as long as short
BloFin HYPE-USDT	+0.0280%	4h	92.998	+0.138%	$16.9M	$12.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0158%	1h	93.020	+0.161%	$1.5M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0466%	1h	93.122	+0.271%	$20.8M	$28.9M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0492%	1h	93.107	+0.255%	$7.4M	$4.6M	50x	as long as short