HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0119%/8h= +13.0% APRnext payment +$0.59 per $10,000 · paid last 24h +0.050%

Price spread now: SunX against Orderly+0.087%7-day average +0.067% · you sell dearer than you buy

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

Long on Orderly Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.087%, 7d avg +0.067%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SunX is 0.020% dearer against Orderly than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HYPE_USDC	93.885	−0.0019	get 0.0009% / 4h	2h 19m	$146K	$672K	20x
Short	SunX HYPE-USDT	93.967	0.0100	get 0.0050% / 4h	2h 19m	$33K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.087%Rate

Funding earned: $24.95
Price spread: +0.087% → +0.067%: $2.01
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: $12.96
Costs to cover: 0.140%
Break-even: 3.4 days

Slippage unknown: Orderly: no order-book sample; SunX: 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 Orderly no order-book sample	—	—	—	—	—
Sell SunX live order book, 5 min ago	19.35 bp	33.0 bp −$33	doesn't fit	doesn't fit	doesn't fit

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 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	−0.1392%	1h	93.393	−0.524%	$197K	$238K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0422%	1h	93.426	−0.489%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.930	+0.048%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0044%	1h	93.935	+0.054%	$112K	$581K	20x	as long as short
Orderly PERP_HYPE_USDClong	−0.0019%	4h	93.885	long leg	$146K	$672K	20x
dYdX HYPE-USD	0.0000%	1h	93.915	+0.032%	$129K	$29K	5x	as long as short
01 Exchange HYPEUSD	0.0000%	1h	93.976	+0.097%	$88K	$365K	20x	as long as short
Perpl HYPE	0.0000%	43m	93.934	+0.052%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.957	+0.077%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.888	+0.003%	$1.0M	$3.9M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0014%	4h	93.933	+0.051%	$226.7M	$98.9M	75x	as long as short
Bybit HYPEUSDT	+0.0018%	8h	93.922	+0.039%	$318.8M	$283.1M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.624	−0.278%	$208K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0029%	8h	93.881	−0.004%	$12.8M	$2.8M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0047%	1h	93.870	−0.016%	$704K	$1.2M	10x	as long as short
edgeX HYPEUSDC	+0.0094%	4h	93.211	−0.718%	$5.0M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.987	+0.108%	$342K	$157K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.952	+0.072%	$16.2M	$63.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.952	+0.071%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.936	+0.054%	$73K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.750	−0.144%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.948	+0.068%	$7.9M	$48.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.976	+0.097%	$2.05B	$670.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.974	+0.095%	$8.8M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.970	+0.091%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.940	+0.059%	$376.7M	$915.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.937	+0.055%	$115.7M	$313.1M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.358	−0.561%	$216K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.946	+0.065%	$47.3M	$54.6M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.939	+0.058%	$90.5M	$81.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.959	+0.079%	$46.4M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.934	+0.052%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.925	+0.043%	$7.2M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.699	−0.199%	$28.6M	$56.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.275	−0.650%	$7.5M	$47.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.227	−0.701%	$342K	$997K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.706	−0.191%	$670K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.946	+0.065%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.963	+0.083%	$482K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.953	+0.072%	$80K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.902	+0.018%	$16.2M	$7.4M	10x	as long as short
SunX HYPE-USDTshort	+0.0100%	4h	93.967	+0.087%	$33K	$1.6M	20x
SoDEX HYPE-USD	+0.0100%	1h	93.918	+0.035%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.051	+0.177%	$1.4M	$6.5M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.909	+0.026%	$18.2M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.939	+0.057%	$397K	$158K	20x	as long as short
Kalshi KXHYPEPERP	+0.0113%	8h	93.839	−0.049%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.620	−0.282%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.000	+0.122%	$4.6M	$5.8M	50x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	93.944	+0.063%	$80K	$127K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.948	+0.068%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0339%	1h	93.984	+0.106%	$21.0M	$29.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.730	−0.165%	$16.8M	$12.0M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0378%	1h	93.998	+0.120%	$7.5M	$4.1M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.956	+0.076%	$3.2M	$6.3M	20x	as long as short