HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.072%

Price spread now: RISEx against Polymarket Perps−0.024%7-day average +0.043% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Polymarket Perps Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.168%+$17 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.024%, 7d avg +0.043%

Together, before fees+0.194%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.067% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.043%). If the spread goes back, that is −$7 on $10k: about 6.7 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.168% in total) that is about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps HYPE-USD	95.201	0.0100	pay 0.0013% / 1h	4m 04s	$501K	$2.6M	20x
Short	RISEx HYPE/USDC	95.178	0.0133	get 0.0017% / 1h	4m 04s	$3.2M	$6.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Polymarket Perps. 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 Polymarket PerpsbpFee RISExbpOrdersPrice spread, now −0.024%Rate

Funding earned: $6.96
Price spread: −0.024% → +0.043%: −$6.69
Slippage, 4 orders: −$14.23
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$27.97
Costs to cover: 0.282%
Break-even: 35.1 days

Slippage from Polymarket Perps: live order book, 5 min ago; RISEx: live order book, 5 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 Polymarket Perps live order book, 5 min ago	0.05 bp	9.7 bp −$10	10.9 bp −$109	doesn't fit	doesn't fit
Sell RISEx live order book, 5 min ago	1.47 bp	4.5 bp −$4	6.7 bp −$67	doesn't fit	doesn't fit

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	−0.0984%	1h	95.153	−0.051%	$212K	$265K	7x	as long as short
Bluefin HYPE-PERP	−0.0543%	1h	95.116	−0.089%	$79K	$148K	20x	as long as short
Phemex HYPEUSDT	−0.0236%	8h	95.135	−0.069%	$13.0M	$2.8M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0231%	1h	95.209	+0.008%	$22K	$19K	10x	as long as short
Bullet HYPE-USD	−0.0202%	1h	95.139	−0.065%	$113K	$580K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0141%	1h	95.130	−0.075%	$696K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	95.202	+0.001%	$91K	$357K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	95.180	−0.022%	$1.0M	$3.1M	10x	as long as short
dYdX HYPE-USD	−0.0105%	1h	95.179	−0.023%	$131K	$93K	5x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.158	−0.045%	$3K	$331	25x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_HYPEUSD	−0.0047%	1h	95.143	−0.061%	$18.9M	$35.6M	50x	as long as short
Gate HYPE_USDT	−0.0038%	4h	95.118	−0.087%	$53.1M	$57.0M	75x	as long as short
Vest HYPE-PERP	−0.0016%	1h	95.235	+0.036%	—	$97K	5x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	95.117	−0.088%	$148K	$668K	20x	as long as short
BingX HYPE-USDT	−0.0004%	4h	95.117	−0.088%	—	$50.7M	—	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.280	+0.083%	$1.9M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	95.187	−0.015%	$19K	$272K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.137	−0.067%	$87K	—	150x	as long as short
Bybit HYPEUSDT	+0.0004%	8h	95.160	−0.043%	$319.9M	$282.9M	75x	as long as short
Phoenix HYPE	+0.0008%	1h	95.295	+0.099%	$212K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	95.170	−0.033%	$4.7M	$5.7M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0032%	8h	95.165	−0.038%	$118.7M	$322.1M	50x	as long as short
Bitget HYPEUSDT	+0.0046%	4h	95.172	−0.030%	$228.6M	$93.7M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0049%	8h	95.175	−0.027%	$340K	$38K	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0057%	1h	95.087	−0.120%	$7.5M	$10.1M	20x	as long as short
Aster HYPEUSDT	+0.0083%	4h	95.124	−0.081%	$9.0M	$36.4M	300x	as long as short
SoDEX HYPE-USD	+0.0089%	1h	95.139	−0.065%	$2.1M	$1.7M	10x	as long as short
Lighter HYPE	+0.0096%	1h	95.145	−0.059%	$16.3M	$64.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.148	−0.056%	$3.2M	$10.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	95.207	+0.006%	$273K	$1.3M	50x	as long as short
edgeX HYPEUSDC	+0.0097%	4h	95.221	+0.021%	$5.1M	$31.0M	30x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.180	−0.022%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.205	+0.004%	$7.2M	$55.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.250	+0.051%	$2.10B	$672.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.199	−0.002%	$10.3M	$14.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	95.138	−0.066%	$382.9M	$910.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.176	−0.026%	$222K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.124	−0.081%	$87.3M	$89.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.139	−0.065%	$47.5M	$18.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.229	+0.030%	$29.9M	$55.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.275	+0.078%	$7.7M	$43.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.259	+0.061%	$349K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.261	+0.063%	$693K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USDlong	+0.0100%	1h	95.201	long leg	$501K	$2.6M	20x
SunX HYPE-USDT	+0.0100%	4h	95.063	−0.145%	$33K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.289	+0.092%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.150	−0.054%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.160	−0.043%	$402K	$136K	20x	as long as short
RISEx HYPE/USDCshort	+0.0133%	1h	95.178	−0.024%	$3.2M	$6.3M	20x
Deribit HYPE_USDC-PERPETUAL	+0.0149%	1h	95.234	+0.035%	$7.5M	$4.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.480	+0.293%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	95.129	−0.076%	$84K	$92K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.211	+0.011%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.168	−0.035%	$17.2M	$12.3M	75x	as long as short