HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: 01 Exchange against Polymarket Perps−0.009%7-day average +0.032% · 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−$28as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on Polymarket Perps Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.463%+$46 · spread now −0.009%, 7d avg +0.032%

Together, before fees+0.442%+$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and 01 Exchange is 0.041% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps HYPE-USD	92.910	0.0100	pay 0.0013% / 1h	0m 09s	$469K	$2.6M	20x
Short	01 Exchange HYPEUSD	92.902	0	get 0.0000% / 1h	0m 09s	$86K	$361K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.009%Rate

Funding earned: −$21
Price spread: −0.009% → +0.032%: −$4.07
Slippage, 4 orders: −$8.63
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$48.7
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; 01 Exchange: live order book, 59 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, 4 min ago	0.27 bp	4.3 bp −$4	5.3 bp −$53	10.6 bp −$1,061	doesn't fit
Sell 01 Exchange live order book, 59 min ago	0.05 bp	7.1 bp −$7	11.1 bp −$111	doesn't fit	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
Arcus HYPE-USD	−0.0948%	1h	92.835	−0.081%	$1.1M	$3.9M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0440%	1h	92.759	−0.163%	$193K	$227K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0280%	1h	92.833	−0.083%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.875	−0.038%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0064%	4h	92.860	−0.054%	$157K	$653K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.865	−0.049%	$127K	$29K	5x	as long as short
01 Exchange HYPEUSDshort	0.0000%	1h	92.902	−0.009%	$86K	$361K	20x
Perpl HYPE	0.0000%	43m	92.894	−0.018%	$22K	$302K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.907	−0.004%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0029%	8h	92.858	−0.056%	$12.5M	$2.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet HYPE-USD	+0.0030%	1h	92.843	−0.072%	$112K	$579K	20x	as long as short
BingX HYPE-USDT	+0.0036%	4h	92.877	−0.036%	—	$53.6M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.755	−0.167%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0045%	8h	92.860	−0.054%	$316.7M	$281.2M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0049%	1h	92.810	−0.108%	$698K	$1.1M	10x	as long as short
Aster HYPEUSDT	+0.0068%	4h	92.889	−0.022%	$8.7M	$36.1M	300x	as long as short
Bitget HYPEUSDT	+0.0086%	4h	92.880	−0.032%	$224.8M	$98.7M	75x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	92.845	−0.070%	$4.9M	$29.6M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	92.903	−0.008%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.894	−0.017%	$16.1M	$62.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.897	−0.014%	$3.1M	$11.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.876	−0.037%	$69K	$1.1M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0098%	8h	92.871	−0.042%	$113.9M	$303.6M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.860	−0.054%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.885	−0.026%	$7.4M	$45.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.915	+0.005%	$2.02B	$663.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.895	−0.016%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.880	−0.032%	$373.2M	$901.9M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.800	−0.118%	$202K	$13K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	92.866	−0.047%	$44.4M	$55.6M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.883	−0.029%	$88.3M	$81.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.888	−0.024%	$46.1M	$18.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.880	−0.032%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.859	−0.055%	$28.5M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.903	−0.008%	$7.5M	$46.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.856	−0.058%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.868	−0.045%	$667K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.923	+0.014%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USDlong	+0.0100%	1h	92.910	long leg	$469K	$2.6M	20x
Bluefin HYPE-PERP	+0.0100%	1h	92.881	−0.031%	$79K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.843	−0.072%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.863	−0.051%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.883	−0.029%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.019	+0.117%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.868	−0.045%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.871	−0.042%	$393K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	92.960	+0.054%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.960	+0.054%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0225%	8h	92.896	−0.015%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0263%	1h	92.871	−0.042%	$79K	$131K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0277%	1h	92.967	+0.061%	$7.5M	$4.5M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.864	−0.049%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0331%	1h	92.936	+0.028%	$20.6M	$30.4M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.879	−0.033%	$16.8M	$11.6M	75x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.937	+0.029%	$3.2M	$6.4M	20x	as long as short