HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h −0.028%

Price spread now: Vest against Phoenix−0.205%7-day average −0.098% · you buy dearer than you sell

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

Long on Phoenix Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.229%−$23 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.205%, 7d avg −0.098%

Together, before fees−0.182%+ Points / potential airdropVest: Active · farm board−$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.107% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.205% now, against its 7-day average of −0.098%). If the spread goes back, that is −$11 on $10k: about 5.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.229%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix HYPE	93.374	0.0034	pay 0.0004% / 1h	37m 20s	$214K	$1.2M	10x
Short	Vest HYPE-PERP	93.183	0.0100	get 0.0013% / 1h	37m 20s	—	$454K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Phoenix. 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 PhoenixbpFee VestbpOrdersPrice spread, now −0.205%Rate

Funding earned: $13.8
Price spread: −0.205% → −0.098%: −$10.66
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$5.87
Costs to cover: 0.090%
Break-even: 10.0 days

Slippage unknown: Phoenix: live order book, 1 min ago; Vest: no order-book sample. 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 Phoenix live order book, 1 min ago	1.18 bp	5.7 bp −$6	10.7 bp −$107	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Aftermath Perps HYPEUSD	−0.0362%	1h	93.223	−0.162%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0184%	1h	93.205	−0.181%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.101	−0.292%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0103%	1h	93.150	−0.240%	$700K	$924K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.161	−0.228%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	93.125	−0.267%	$90K	$361K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.189	−0.198%	$127K	$32K	5x	as long as short
Popdex HYPEUSDT	0.0000%	1h	93.125	−0.267%	$58K	$1.2M	50x	as long as short
Perpl HYPE	0.0000%	43m	93.144	−0.246%	$23K	$331K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.150	−0.240%	$20K	—	150x	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	93.125	−0.266%	$8.9M	$36.0M	300x	as long as short
Bybit HYPEUSDT	+0.0027%	8h	93.110	−0.283%	$323.2M	$286.8M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0033%	4h	93.112	−0.281%	$171K	$519K	20x	as long as short
Phoenix HYPElong	+0.0034%	1h	93.374	long leg	$214K	$1.2M	10x
Bullet HYPE-USD	+0.0035%	1h	93.106	−0.287%	$111K	$579K	20x	as long as short
Gate HYPE_USDT	+0.0038%	4h	93.102	−0.291%	$43.8M	$57.9M	75x	as long as short
Derive HYPE-PERP	+0.0039%	1h	93.083	−0.311%	$16.3M	$7.1M	10x	as long as short
Binance HYPEUSDT	+0.0089%	4h	93.105	−0.288%	$382.7M	$892.5M	75x	as long as short
MEXC HYPE_USDT	+0.0090%	4h	93.113	−0.280%	$89.8M	$81.8M	100x	as long as short
Lighter HYPE	+0.0096%	1h	93.189	−0.198%	$18.5M	$58.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.168	−0.221%	$3.1M	$12.1M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.143	−0.248%	$338K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.150	−0.240%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.120	−0.273%	$5.9M	$44.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.169	−0.220%	$2.02B	$670.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.153	−0.237%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.101	−0.292%	$113.8M	$313.5M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.390	+0.017%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.155	−0.235%	$47.2M	$18.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.121	−0.271%	$225.7M	$102.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.117	−0.275%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.202	−0.184%	$7.8M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.354	−0.021%	$29.0M	$50.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.268	−0.114%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.246	−0.137%	$412K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.210	−0.176%	$674K	$2.5M	20x	as long as short
Vest HYPE-PERPshort	+0.0100%	1h	93.183	−0.205%	—	$454K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	93.158	−0.231%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.116	−0.276%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.178	−0.210%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.105	−0.288%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.153	−0.237%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.089	−0.305%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.094	−0.300%	$396K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0106%	4h	93.228	−0.156%	$5.1M	$29.6M	30x	as long as short
Kalshi KXHYPEPERP	+0.0108%	8h	93.288	−0.092%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.190	−0.197%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.070	−0.326%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.100	−0.294%	$78K	$158K	15x	as long as short
HTX HYPE-USDT	+0.0259%	4h	93.300	−0.079%	$1.5M	$7.7M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.204	−0.182%	$2.8M	$6.8M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0319%	1h	93.211	−0.175%	$7.4M	$4.6M	50x	as long as short
BloFin HYPE-USDT	+0.0336%	4h	93.252	−0.131%	$16.9M	$12.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0159%	1h	93.154	−0.235%	$1.5M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0466%	1h	93.200	−0.187%	$20.8M	$28.9M	50x	as long as short