HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.18 per $10,000 · paid last 24h +0.028%

Price spread now: Vest against Ondo Perps+0.093%7-day average +0.084% · you sell dearer than you buy

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

Long on Ondo Perps Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+1.060%+$106 · spread now +0.093%, 7d avg +0.084%

Together, before fees+1.017%+ Points / potential airdropOndo Perps: Active · Vest: Active · farm board+$102 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps HYPE-USD.P	94.630	−0.0074	get 0.0009% / 1h	56m 23s	$714K	$1.2M	10x
Short	Vest HYPE-PERP	94.718	0.0073	get 0.0009% / 1h	56m 23s	—	$190K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.093%Rate

Funding earned: $30.95
Price spread: +0.093% → +0.084%: $0.85
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Vest: 1 bp × 2 orders: −$2
Net: $24.8
Costs to cover: 0.070%
Break-even: 1.4 days

Slippage unknown: Ondo Perps: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample	—	—	—	—	—

Ondo Perps and Vest: 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	−0.1448%	1h	94.686	+0.059%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0328%	1h	94.533	−0.103%	$80K	$151K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0253%	1h	94.600	−0.032%	$22K	$20K	10x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.634	+0.004%	$1.0M	$3.5M	10x	as long as short
Bullet HYPE-USD	−0.0097%	1h	94.571	−0.062%	$112K	$575K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.668	+0.040%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.Plong	−0.0074%	1h	94.630	long leg	$714K	$1.2M	10x
01 Exchange HYPEUSD	−0.0072%	1h	94.630	0.000%	$87K	$364K	20x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.772	+0.150%	$20.3M	$30.3M	50x	as long as short
Phemex HYPEUSDT	−0.0046%	8h	94.697	+0.071%	$12.9M	$2.9M	50x	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	−0.0006%	4h	94.575	−0.058%	$147K	$686K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.744	+0.121%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.848	+0.230%	$1.9M	$5.5M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.723	+0.098%	$210K	$1.2M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.648	+0.019%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.597	−0.035%	$124K	—	150x	as long as short
Bitget HYPEUSDT	+0.0014%	4h	94.580	−0.053%	$226.9M	$100.5M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.700	+0.074%	$4.7M	$6.2M	50x	as long as short
Derive HYPE-PERP	+0.0022%	1h	94.691	+0.065%	$16.4M	$7.4M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0049%	8h	94.758	+0.135%	$339K	$154K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0063%	8h	94.561	−0.073%	$117.9M	$326.4M	50x	as long as short
Vest HYPE-PERPshort	+0.0073%	1h	94.718	+0.093%	—	$190K	5x
Lighter HYPE	+0.0080%	1h	94.710	+0.084%	$16.3M	$61.7M	20x	as long as short
edgeX HYPEUSDC	+0.0092%	4h	94.580	−0.053%	$5.0M	$30.6M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.712	+0.087%	$3.2M	$10.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.613	−0.018%	$121K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.640	+0.011%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.635	+0.005%	$7.3M	$53.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.717	+0.092%	$2.08B	$690.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.612	−0.019%	$9.6M	$37.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.742	+0.118%	$10.2M	$14.8M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.597	−0.034%	$379.9M	$934.1M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	94.570	−0.063%	$317.8M	$288.3M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.685	+0.058%	$219K	$12K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.564	−0.070%	$50.7M	$53.6M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.606	−0.025%	$93.4M	$84.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.595	−0.037%	$46.9M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.576	−0.057%	—	$53.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.701	+0.075%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.532	−0.103%	$29.7M	$55.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.625	−0.005%	$7.6M	$44.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.574	−0.059%	$351K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.715	+0.090%	$696K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.705	+0.079%	$499K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.831	+0.212%	$33K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.730	+0.106%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.853	+0.236%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.612	−0.019%	$18.4M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.667	+0.039%	$400K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.655	+0.026%	$3.2M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	94.840	+0.222%	$31K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.574	−0.059%	$83K	$118K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0288%	1h	94.820	+0.201%	$7.5M	$4.4M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0326% / S −0.0152%	1h	94.636	+0.006%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.728	+0.104%	$15.8M	$12.4M	75x	as long as short