HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.05 per $10,000 · paid last 24h −0.001%

Price spread now: SoDEX against Pacifica+0.100%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Pacifica Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.422%−$42 · spread now +0.100%, 7d avg −0.024%

Together, before fees−0.423%+ Points / potential airdropPacifica: Active · farm board−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.123% dearer against Pacifica than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of −0.024%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days. At the pace of the last 4 days (−0.001% in total) that is about 11 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HYPE	94.770	0.0100	pay 0.0013% / 1h	22m 46s	$10.2M	$14.4M	20x
Short	SoDEX HYPE-USD	94.864	0.0056	get 0.0007% / 1h	22m 46s	$2.1M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$9.24
Price spread: +0.100% → −0.024%: $12.34
Slippage, 4 orders: −$6.89
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.79
Costs to cover: 0.229%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; SoDEX: live order book, 1 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, 1 min ago	0.05 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 1 min ago	0.11 bp	7.4 bp −$7	13.6 bp −$136	100.0 bp −$9,999	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
Hibachi HYPE/USDT-P	−0.0816%	1h	94.533	−0.250%	$210K	$267K	7x	as long as short
Bluefin HYPE-PERP	−0.0569%	1h	94.823	+0.056%	$80K	$148K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0298%	1h	94.505	−0.279%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0249%	1h	94.811	+0.044%	$113K	$577K	20x	as long as short
Phemex HYPEUSDT	−0.0215%	8h	94.810	+0.043%	$12.9M	$2.9M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0165%	1h	94.570	−0.211%	$702K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	94.768	−0.002%	$90K	$365K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.729	−0.043%	$1.0M	$3.3M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.664	−0.111%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.848	+0.083%	$18.9M	$35.5M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0020%	4h	94.812	+0.045%	$51.9M	$55.5M	75x	as long as short
Bybit HYPEUSDT	−0.0015%	8h	94.870	+0.106%	$319.9M	$293.2M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0007%	4h	94.840	+0.074%	$147K	$676K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.465	−0.321%	$130K	$92K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.773	+0.004%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.852	+0.087%	$19K	$275K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.860	+0.095%	$114K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.372	−0.420%	$209K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0010%	1h	94.160	−0.643%	$16.3M	$7.5M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.880	+0.116%	$4.7M	$5.9M	50x	as long as short
Bitget HYPEUSDT	+0.0032%	4h	94.874	+0.110%	$228.2M	$97.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0038%	1h	94.819	+0.052%	$7.6M	$10.4M	20x	as long as short
Vest HYPE-PERP	+0.0041%	1h	94.794	+0.026%	—	$190K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0041%	8h	94.773	+0.004%	$339K	$39K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0042%	8h	94.881	+0.118%	$118.3M	$328.3M	50x	as long as short
SoDEX HYPE-USDshort	+0.0056%	1h	94.864	+0.100%	$2.1M	$2.0M	10x
Lighter HYPE	+0.0096%	1h	94.858	+0.093%	$16.3M	$63.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.857	+0.092%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.752	−0.019%	$150K	$1.2M	50x	as long as short
edgeX HYPEUSDC	+0.0097%	4h	94.374	−0.417%	$5.0M	$30.8M	30x	as long as short
Aster HYPEUSDT	+0.0099%	4h	94.813	+0.046%	$9.0M	$38.4M	300x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.720	−0.052%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.775	+0.006%	$7.3M	$51.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.961	+0.202%	$2.09B	$671.9M	10x	as long as short
Pacifica HYPElong	+0.0100%	1h	94.770	long leg	$10.2M	$14.4M	20x
Binance HYPEUSDT	+0.0100%	4h	94.865	+0.101%	$381.6M	$930.8M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.213	−0.587%	$219K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.833	+0.067%	$96.0M	$87.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.809	+0.042%	$47.3M	$19.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.817	+0.050%	—	$52.6M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.267	−0.531%	$29.8M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.416	−0.373%	$7.6M	$44.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.358	−0.434%	$344K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.612	−0.166%	$691K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.834	+0.068%	$500K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.906	+0.144%	$33K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.950	+0.190%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.792	+0.023%	$18.3M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.892	+0.129%	$401K	$148K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.783	+0.014%	$3.2M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.422%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0224%	1h	94.965	+0.206%	$7.5M	$4.4M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.780	+0.011%	$83K	$106K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	94.895	+0.132%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.864	+0.100%	$17.4M	$12.5M	75x	as long as short