HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0114%/8h= −12.4% APRnext payment −$0.14 per $10,000 · paid last 24h −0.034%

Price spread now: Aevo against RISEx−0.035%7-day average −0.015% · 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−$45as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on RISEx Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.111%−$11 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.035%, 7d avg −0.015%

Together, before fees−0.088%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HYPE/USDC	93.994	0.0210	pay 0.0026% / 1h	25m 52s	$3.2M	$7.0M	20x
Short	Aevo HYPE-PERP	93.961	0.0096	get 0.0012% / 1h	25m 52s	$400K	$177K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against RISEx. 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 RISExbpFee AevobpOrdersPrice spread, now −0.035%Rate

Funding earned: −$23.85
Price spread: −0.035% → −0.015%: −$1.94
Slippage, 4 orders: −$21.09
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$68.88
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Aevo: live order book, 43 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 RISEx live order book, 3 min ago	0.16 bp	7.0 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit
Sell Aevo live order book, 43 min ago	7.76 bp	15.8 bp −$16	15.8 bp −$158	26.5 bp −$2,654	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	−0.0920%	1h	93.818	−0.187%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.821	−0.184%	$1.2M	$3.8M	10x	as long as short
Phemex HYPEUSDT	−0.0142%	8h	93.889	−0.111%	$12.7M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0134%	1h	93.748	−0.262%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0081%	1h	93.860	−0.142%	$703K	$937K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.872	−0.130%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0057%	4h	93.919	−0.080%	$157K	$646K	20x	as long as short
01 Exchange HYPEUSD	−0.0048%	1h	93.946	−0.051%	$85K	$350K	20x	as long as short
Backpack HYPE_USDC_PERP	−0.0042%	1h	93.896	−0.104%	$7.8M	$10.3M	20x	as long as short
Gate HYPE_USDT	−0.0030%	4h	93.838	−0.166%	$44.4M	$55.0M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	−0.0002%	4h	93.826	−0.179%	—	$53.7M	—	as long as short
Aster HYPEUSDT	−0.0001%	4h	93.929	−0.069%	$8.9M	$35.9M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.869	−0.133%	$129K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.962	−0.034%	$22K	$326K	10x	as long as short
Bybit HYPEUSDT	+0.0002%	8h	93.805	−0.201%	$322.1M	$281.2M	75x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.969	−0.027%	$26K	—	150x	as long as short
Phoenix HYPE	+0.0060%	1h	93.904	−0.096%	$211K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0066%	4h	93.832	−0.172%	$87.8M	$82.9M	100x	as long as short
Binance HYPEUSDT	+0.0068%	4h	93.865	−0.137%	$382.0M	$893.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0068%	8h	93.829	−0.175%	$115.3M	$309.0M	50x	as long as short
edgeX HYPEUSDC	+0.0071%	4h	93.800	−0.206%	$5.1M	$29.9M	30x	as long as short
Bullet HYPE-USD	+0.0072%	1h	93.934	−0.064%	$112K	$578K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.955	−0.041%	$341K	$164K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.962	−0.034%	$16.4M	$62.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.956	−0.040%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.928	−0.070%	$67K	$1.2M	50x	as long as short
Aevo HYPE-PERPshort	+0.0096%	1h	93.961	−0.035%	$400K	$177K	20x
Derive HYPE-PERP	+0.0100%	1h	93.923	−0.076%	$16.3M	$7.7M	10x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.930	−0.068%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.904	−0.095%	$5.8M	$45.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.929	−0.069%	$2.05B	$672.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.919	−0.080%	$10.1M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.918	−0.081%	$46.5M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.845	−0.158%	$227.4M	$98.6M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.910	−0.090%	$31.1M	$54.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.824	−0.181%	$7.6M	$47.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.834	−0.170%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.938	−0.059%	$670K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.981	−0.013%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.974	−0.021%	$475K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.920	−0.079%	$80K	$172K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.020	+0.028%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.936	−0.061%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.880	−0.121%	$204K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.827	−0.177%	$18.3M	$44.3M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.920	−0.079%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.920	−0.079%	$31K	$339K	12x	as long as short
RISEx HYPE/USDClong	+0.0210%	1h	93.994	long leg	$3.2M	$7.0M	20x
HTX HYPE-USDT	+0.0218%	4h	94.100	+0.113%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0255%	1h	93.947	−0.050%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0273%	8h	94.001	+0.008%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0156%	1h	93.969	−0.026%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0442%	1h	94.042	+0.051%	$7.5M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0678%	1h	94.030	+0.038%	$21.0M	$29.8M	50x	as long as short