HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0249%/8h= −27.2% APRnext payment −$0.31 per $10,000 · paid last 24h −0.097%

Price spread now: dYdX against RISEx−0.026%7-day average −0.020% · 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−$69as in the Price arb table

costs, in and out, $10k−$680.685% of the position

Long on RISEx Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.233%−$23 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.026%, 7d avg −0.020%

Together, before fees−0.276%−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$7 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	94.332	0.0249	pay 0.0031% / 1h	38m 29s	$3.2M	$6.4M	20x
Short	dYdX HYPE-USD	94.308	0	get 0.0000% / 1h	38m 29s	$129K	$94K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$52.23
Price spread: −0.026% → −0.020%: −$0.62
Slippage, 4 orders: −$52.5
Fee RISEx: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$121.35
Costs to cover: 0.685%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; dYdX: live order book, just now.

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, 5 min ago	0.74 bp	3.7 bp −$4	5.5 bp −$55	doesn't fit	doesn't fit
Sell dYdX live order book, just now	25.49 bp	30.5 bp −$31	109.8 bp −$1,098	172.4 bp −$17.2K	411.7 bp −$205.9K

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	−0.1576%	1h	94.099	−0.248%	$201K	$253K	7x	as long as short
Bluefin HYPE-PERP	−0.0375%	1h	94.346	+0.015%	$80K	$154K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0210%	1h	94.210	−0.129%	$712K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0178%	1h	94.371	+0.042%	$112K	$576K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0145%	1h	94.442	+0.116%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	94.310	−0.023%	$86K	$367K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.328	−0.004%	$3K	$331	25x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.300	−0.034%	$1.0M	$3.6M	10x	as long as short
Bybit HYPEUSDT	−0.0015%	8h	94.250	−0.087%	$317.0M	$289.3M	75x	as long as short
Derive HYPE-PERP	−0.0008%	1h	94.322	−0.011%	$16.5M	$7.5M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	0.0000%	4h	94.324	−0.008%	$146K	$685K	20x	as long as short
dYdX HYPE-USDshort	0.0000%	1h	94.308	−0.026%	$129K	$94K	5x
Kalshi KXHYPEPERP	0.0000%	8h	94.433	+0.107%	$1.9M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.440	+0.114%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.367	+0.037%	$19K	$287K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.342	+0.011%	$123K	—	150x	as long as short
BingX HYPE-USDT	+0.0033%	4h	94.314	−0.019%	—	$53.1M	—	as long as short
Bitget HYPEUSDT	+0.0038%	4h	94.255	−0.082%	$226.6M	$99.7M	75x	as long as short
Lighter HYPE	+0.0040%	1h	94.332	−0.001%	$16.3M	$64.1M	20x	as long as short
Phemex HYPEUSDT	+0.0045%	8h	94.331	−0.001%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0052%	8h	94.355	+0.025%	$337K	$156K	20x	as long as short
Polymarket Perps HYPE-USD	+0.0057%	1h	94.311	−0.022%	$495K	$2.8M	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.360	+0.030%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0081%	8h	94.245	−0.092%	$117.6M	$324.3M	50x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	94.370	+0.041%	$5.0M	$30.6M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.344	+0.013%	$3.2M	$10.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.286	−0.049%	$81K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.320	−0.013%	$30K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.245	−0.092%	$7.0M	$52.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.446	+0.121%	$2.08B	$688.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.312	−0.021%	$8.8M	$37.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.357	+0.027%	$10.2M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.312	−0.021%	$377.9M	$934.3M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.280	−0.055%	$218K	$12K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.313	−0.020%	$49.7M	$56.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.333	+0.001%	$90.7M	$82.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.340	+0.008%	$46.8M	$18.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.306	−0.028%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.327	−0.006%	$29.5M	$54.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.408	+0.081%	$7.6M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.340	+0.008%	$369K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.325	−0.007%	$682K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.413	+0.086%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.340	+0.008%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.479	+0.156%	$1.4M	$6.8M	75x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.360	+0.029%	—	$190K	5x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.281	−0.054%	$18.3M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.369	+0.039%	$399K	$159K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0021%	1h	94.395	+0.066%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0163%	1h	94.428	+0.102%	$7.4M	$4.3M	50x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.280	−0.055%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.408	+0.081%	$20.2M	$30.3M	50x	as long as short
RISEx HYPE/USDClong	+0.0249%	1h	94.332	long leg	$3.2M	$6.4M	20x
Reya HYPERUSDPERP	+0.0272%	1h	94.236	−0.101%	$84K	$124K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.373	+0.043%	$17.1M	$12.4M	75x	as long as short