HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h 0.000%

Price spread now: 01 Exchange against Ondo Perps+0.003%7-day average +0.112% · you sell dearer than you buy

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

Long on Ondo Perps Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now +0.003%, 7d avg +0.112%

Together, before fees+0.199%+ Points / potential airdropOndo Perps: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. 01 Exchange is 0.109% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.112%). If the spread goes back, that is −$11 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps HYPE-USD.P	93.270	−0.0073	get 0.0009% / 1h	39m 42s	$700K	$981K	10x
Short	01 Exchange HYPEUSD	93.273	−0.0048	pay 0.0006% / 1h	39m 42s	$85K	$345K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.003%Rate

Funding earned: $5.21
Price spread: +0.003% → +0.112%: −$10.92
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$17.71
Costs to cover: 0.120%
Break-even: 30.8 days

Slippage unknown: Ondo Perps: no order-book sample; 01 Exchange: live order book, 24 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 01 Exchange live order book, 24 min ago	0.80 bp	6.0 bp −$6	9.7 bp −$97	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	−0.1264%	1h	93.481	+0.226%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.167	−0.110%	$1.2M	$3.8M	10x	as long as short
Bluefin HYPE-PERP	−0.0184%	1h	93.318	+0.051%	$79K	$170K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.343	+0.078%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.Plong	−0.0073%	1h	93.270	long leg	$700K	$981K	10x
Phemex HYPEUSDT	−0.0063%	8h	93.304	+0.036%	$12.6M	$2.7M	50x	as long as short
01 Exchange HYPEUSDshort	−0.0048%	1h	93.273	+0.003%	$85K	$345K	20x
Orderly PERP_HYPE_USDC	−0.0046%	4h	93.328	+0.062%	$155K	$630K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0036%	1h	93.409	+0.149%	$22K	$21K	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.361	+0.097%	$128K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.394	+0.133%	$23K	$322K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.364	+0.101%	$62K	—	150x	as long as short
Aster HYPEUSDT	+0.0016%	4h	93.313	+0.046%	$8.8M	$35.6M	300x	as long as short
Bullet HYPE-USD	+0.0021%	1h	93.334	+0.069%	$111K	$578K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	93.549	+0.299%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0026%	4h	93.286	+0.017%	—	$53.1M	—	as long as short
Bybit HYPEUSDT	+0.0034%	8h	93.282	+0.013%	$321.5M	$277.2M	75x	as long as short
Gate HYPE_USDT	+0.0044%	4h	93.285	+0.016%	$44.5M	$54.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0077%	8h	93.282	+0.013%	$114.1M	$301.7M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.335	+0.069%	$16.3M	$61.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.337	+0.072%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.269	−0.001%	$69K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0096%	4h	93.305	+0.038%	$89.8M	$80.7M	100x	as long as short
Binance HYPEUSDT	+0.0097%	4h	93.310	+0.043%	$378.7M	$877.1M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.366	+0.103%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.290	+0.021%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.335	+0.070%	$5.8M	$43.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.412	+0.152%	$2.04B	$652.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.327	+0.061%	$10.0M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.580	+0.332%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.354	+0.090%	$45.9M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.278	+0.009%	$225.6M	$96.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.315	+0.048%	$7.4M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.317	+0.050%	$31.1M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.553	+0.303%	$7.6M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.487	+0.233%	$340K	$999K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.585	+0.338%	$668K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.403	+0.143%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.372	+0.109%	$472K	$2.5M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.332	+0.066%	$16.2M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.428	+0.169%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.332	+0.066%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.242	−0.030%	$18.4M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.333	+0.068%	$397K	$163K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	93.349	+0.085%	$5.1M	$29.6M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.440	+0.182%	$4.9M	$5.4M	50x	as long as short
HTX HYPE-USDT	+0.0199%	4h	93.510	+0.257%	$1.4M	$6.0M	75x	as long as short
Reya HYPERUSDPERP	+0.0257%	1h	93.331	+0.066%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0279%	8h	93.418	+0.159%	$1.9M	$5.1M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.364	+0.101%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.300	+0.032%	$16.9M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0393%	1h	93.426	+0.167%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.364	+0.101%	$3.2M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.200	−0.075%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.408	+0.148%	$20.7M	$30.1M	50x	as long as short