HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.32 per $10,000 · paid last 24h +0.034%

Price spread now: BingX against Orderly+0.051%7-day average −0.008% · you sell dearer than you buy

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

Long on Orderly Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.051%, 7d avg −0.008%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.059% dearer against Orderly than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HYPE_USDC	93.638	−0.0057	get 0.0029% / 4h	2h 30m	$156K	$651K	20x
Short	BingX HYPE-USDT	93.686	0.0006	get 0.0003% / 4h	2h 30m	—	$53.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Orderly. 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 OrderlybpFee BingXbpOrdersPrice spread, now +0.051%Rate

Funding earned: $13.26
Price spread: +0.051% → −0.008%: $5.88
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $3.14
Costs to cover: 0.160%
Break-even: 5.3 days

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 3 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 Orderly no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	0.11 bp	6.4 bp −$6	8.0 bp −$80	11.8 bp −$1,177	16.5 bp −$8,253

Orderly: 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 54 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	−0.0888%	1h	93.597	−0.043%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.533	−0.112%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0162%	1h	93.464	−0.186%	$22K	$21K	10x	as long as short
Phemex HYPEUSDT	−0.0112%	8h	93.655	+0.018%	$12.7M	$2.7M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0089%	1h	93.560	−0.083%	$701K	$988K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.675	+0.040%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.697	+0.063%	$86K	$351K	20x	as long as short
Orderly PERP_HYPE_USDClong	−0.0057%	4h	93.638	long leg	$156K	$651K	20x
Backpack HYPE_USDC_PERP	−0.0052%	1h	93.636	−0.002%	$7.8M	$10.3M	20x	as long as short
Gate HYPE_USDT	−0.0052%	4h	93.680	+0.045%	$44.5M	$54.7M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	−0.0024%	4h	93.681	+0.046%	$8.8M	$36.1M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.622	−0.017%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.668	+0.032%	$22K	$331K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.691	+0.056%	$26K	—	150x	as long as short
Bybit HYPEUSDT	+0.0006%	8h	93.676	+0.041%	$321.8M	$282.6M	75x	as long as short
BingX HYPE-USDTshort	+0.0006%	4h	93.686	+0.051%	—	$53.9M	—
MEXC HYPE_USDT	+0.0054%	4h	93.690	+0.056%	$88.1M	$82.7M	100x	as long as short
Bullet HYPE-USD	+0.0055%	1h	93.673	+0.037%	$112K	$578K	20x	as long as short
Binance HYPEUSDT	+0.0056%	4h	93.698	+0.064%	$381.1M	$902.3M	75x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	93.458	−0.193%	$5.1M	$30.0M	30x	as long as short
Phoenix HYPE	+0.0060%	1h	93.705	+0.072%	$211K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0066%	8h	93.695	+0.061%	$115.2M	$310.3M	50x	as long as short
Derive HYPE-PERP	+0.0079%	1h	93.634	−0.005%	$16.2M	$7.7M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.695	+0.061%	$340K	$165K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.683	+0.049%	$16.4M	$62.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.682	+0.047%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.675	+0.040%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.677	+0.042%	$398K	$177K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.660	+0.023%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.644	+0.006%	$5.7M	$45.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.770	+0.141%	$2.05B	$670.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.674	+0.038%	$10.1M	$14.8M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.699	+0.065%	$46.2M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.690	+0.056%	$226.7M	$99.6M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.610	−0.029%	$31.0M	$54.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.468	−0.182%	$7.5M	$48.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.468	−0.182%	$338K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.655	+0.018%	$668K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.706	+0.073%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.708	+0.075%	$469K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.645	+0.007%	$79K	$172K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.749	+0.119%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.652	+0.015%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.348	−0.310%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.666	+0.029%	$18.3M	$44.4M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.720	+0.088%	$4.9M	$5.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.610	−0.030%	$30K	$339K	12x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.701	+0.068%	$2.7M	$6.7M	20x	as long as short
HTX HYPE-USDT	+0.0217%	4h	93.807	+0.180%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0254%	1h	93.678	+0.043%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0267%	8h	93.719	+0.087%	$1.9M	$5.1M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0335% / S −0.0158%	1h	93.689	+0.054%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0486%	1h	93.767	+0.138%	$7.5M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0680%	1h	93.751	+0.121%	$20.9M	$30.1M	50x	as long as short