HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.09 per $10,000 · paid last 24h −0.025%

Price spread now: Coinbase International against Pacifica+0.030%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 3 days (all we have)−0.154%−$15 · spread now +0.030%, 7d avg −0.052%

Together, before fees−0.159%+ Points / potential airdropPacifica: Active · farm board−$16 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 Coinbase International is 0.081% dearer against Pacifica than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HYPE	93.242	0.0100	pay 0.0013% / 1h	54m 33s	$10.0M	$14.4M	20x
Short	Coinbase International HYPE-PERP-INTX	93.270	0.0176	get 0.0022% / 1h	54m 33s	$4.9M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Pacifica. 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 PacificabpFee Coinbase InternationalbpOrdersPrice spread, now +0.030%Rate

Funding earned: $15.96
Price spread: +0.030% → −0.052%: $8.13
Slippage, 4 orders: −$8.89
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$2.81
Costs to cover: 0.269%
Break-even: 8.2 days

Slippage from Pacifica: live order book, 5 min ago; Coinbase International: live order book, 4 min ago.

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 Pacifica live order book, 5 min ago	0.05 bp	4.9 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	3.75 bp	8.8 bp −$9	12.8 bp −$128	31.0 bp −$3,105	doesn't fit

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	−0.0289%	1h	93.231	−0.013%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.200	−0.045%	$1.2M	$4.0M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.244	+0.002%	$3K	$331	25x	as long as short
Hibachi HYPE/USDT-P	−0.0024%	1h	93.101	−0.152%	$197K	$231K	7x	as long as short
Derive HYPE-PERP	−0.0017%	1h	93.155	−0.094%	$16.3M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.284	+0.045%	$127K	$32K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.270	+0.030%	$1.9M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.270	+0.029%	$23K	$334K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.263	+0.022%	$20K	—	150x	as long as short
01 Exchange HYPEUSD	+0.0008%	1h	93.238	−0.005%	$90K	$361K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0008%	4h	93.214	−0.030%	$8.9M	$35.8M	300x	as long as short
Bybit HYPEUSDT	+0.0031%	8h	93.197	−0.049%	$324.4M	$286.7M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0046%	4h	93.232	−0.011%	$165K	$515K	20x	as long as short
Popdex HYPEUSDT	+0.0048%	1h	93.214	−0.030%	$56K	$1.2M	50x	as long as short
Gate HYPE_USDT	+0.0048%	4h	93.216	−0.028%	$44.1M	$56.7M	75x	as long as short
Phoenix HYPE	+0.0068%	1h	93.222	−0.022%	$216K	$1.2M	10x	as long as short
Ondo Perps HYPE-USD.P	+0.0088%	1h	93.170	−0.078%	$699K	$932K	10x	as long as short
Vest HYPE-PERP	+0.0095%	1h	93.250	+0.009%	—	$454K	5x	as long as short
Lighter HYPE	+0.0096%	1h	93.285	+0.046%	$18.6M	$58.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.262	+0.021%	$3.0M	$12.0M	20x	as long as short
ApeX Omni HYPEUSDT	+0.0096%	1h	93.051	−0.205%	$404K	$1.0M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.241	−0.002%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.210	−0.035%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.204	−0.041%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.288	+0.049%	$2.03B	$667.6M	10x	as long as short
Pacifica HYPElong	+0.0100%	1h	93.242	long leg	$10.0M	$14.4M	20x
Binance HYPEUSDT	+0.0100%	4h	93.244	+0.002%	$384.4M	$891.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.180	−0.067%	$114.5M	$314.8M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.271	+0.031%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.234	−0.009%	$91.3M	$81.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.242	0.000%	$47.1M	$19.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.229	−0.014%	$226.2M	$102.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.213	−0.032%	—	$54.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.262	+0.021%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.107	−0.145%	$29.0M	$50.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.072	−0.183%	$7.5M	$44.8M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.082	−0.172%	$673K	$2.5M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.270	+0.030%	$493K	$2.6M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.228	−0.015%	$112K	$580K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.241	−0.002%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.264	+0.023%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.226	−0.018%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.230	−0.013%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.218	−0.026%	$18.3M	$41.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.220	−0.025%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0112%	4h	93.244	+0.002%	$5.1M	$29.3M	30x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0176%	1h	93.270	+0.030%	$4.9M	$5.7M	50x
Injective HYPE/USDC PERP	+0.0239%	1h	93.910	+0.716%	$31K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0246%	1h	93.272	+0.032%	$78K	$158K	15x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.287	+0.047%	$2.8M	$6.8M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0297%	1h	93.323	+0.086%	$7.4M	$4.6M	50x	as long as short
HTX HYPE-USDT	+0.0301%	4h	93.400	+0.169%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0165%	1h	93.251	+0.009%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.216	−0.028%	$17.0M	$12.5M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.356	+0.122%	$20.8M	$28.3M	50x	as long as short