HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.029%

Price spread now: Lighter RH against RISEx−0.047%54s7-day average −0.001% · 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—prices read too far apart to compare

costs, in and out, $10k−$130.131% of the position

Long on RISEx Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.115%−$11 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.047%, 7d avg −0.001%

Together, before fees−0.078%+ Points / potential airdropLighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter RH is 0.046% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HYPE/USDC	93.290	0.0280	pay 0.0035% / 1h	17m 41s	$2.7M	$6.8M	20x
Short	Lighter RH HYPE	93.246	0.0096	get 0.0012% / 1h	17m 41s	$3.1M	$12.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$38.62
Price spread: −0.047% → −0.001%: −$4.62
Slippage, 4 orders: −$7.08
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$56.32
Costs to cover: 0.131%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Lighter RH: live order book, 6 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, 1 min ago	1.39 bp	4.5 bp −$5	6.1 bp −$61	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	1.83 bp	2.3 bp −$2	4.1 bp −$41	22.6 bp −$2,262	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
Aftermath Perps HYPEUSD	−0.0438%	1h	93.164	−0.136%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0336%	1h	93.229	−0.065%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.190	−0.107%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0125%	1h	93.170	−0.129%	$699K	$929K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.245	−0.048%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	93.288	−0.002%	$90K	$361K	20x	as long as short
Popdex HYPEUSDT	−0.0008%	1h	93.257	−0.035%	$58K	$1.2M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.276	−0.015%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.250	−0.043%	$23K	$331K	10x	as long as short
Aster HYPEUSDT	+0.0002%	4h	93.223	−0.072%	$8.8M	$35.9M	300x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.289	−0.002%	$20K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0021%	4h	93.264	−0.028%	$172K	$518K	20x	as long as short
Bybit HYPEUSDT	+0.0021%	8h	93.190	−0.107%	$322.8M	$286.8M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.293	+0.003%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0040%	1h	93.247	−0.046%	$112K	$579K	20x	as long as short
Derive HYPE-PERP	+0.0047%	1h	93.208	−0.088%	$16.3M	$7.0M	10x	as long as short
Gate HYPE_USDT	+0.0056%	4h	93.195	−0.102%	$43.9M	$58.6M	75x	as long as short
MEXC HYPE_USDT	+0.0064%	4h	93.207	−0.089%	$90.1M	$82.3M	100x	as long as short
Binance HYPEUSDT	+0.0066%	4h	93.211	−0.085%	$381.6M	$895.1M	75x	as long as short
edgeX HYPEUSDC	+0.0079%	4h	93.210	−0.086%	$5.1M	$29.7M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.264	−0.028%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPEshort	+0.0096%	1h	93.246	−0.047%	$3.1M	$12.2M	20x
Aevo HYPE-PERP	+0.0096%	1h	93.263	−0.029%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.215	−0.081%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.230	−0.064%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.245	−0.048%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.257	−0.035%	$2.03B	$669.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.231	−0.063%	$10.0M	$14.4M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.190	−0.107%	$114.2M	$314.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.232	−0.062%	$204K	$8K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.196	−0.101%	$47.0M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.218	−0.077%	$226.1M	$103.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.200	−0.097%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.208	−0.088%	$7.8M	$10.9M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.153	−0.147%	$29.0M	$50.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.258	−0.034%	$7.5M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.262	−0.030%	$415K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.227	−0.068%	$674K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.279	−0.012%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.282	−0.009%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.260	−0.032%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.271	−0.020%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.263	−0.029%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.225	−0.070%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.160	−0.139%	$18.2M	$41.9M	50x	as long as short
Kalshi KXHYPEPERP	+0.0115%	8h	93.316	+0.028%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.300	+0.011%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0238%	4h	93.400	+0.118%	$1.5M	$7.7M	75x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.120	−0.182%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.250	−0.043%	$77K	$159K	15x	as long as short
BloFin HYPE-USDT	+0.0268%	4h	93.242	−0.052%	$16.8M	$12.5M	75x	as long as short
RISEx HYPE/USDClong	+0.0280%	1h	93.290	long leg	$2.7M	$6.8M	20x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.280	−0.010%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0393%	1h	93.355	+0.070%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.367	+0.082%	$20.9M	$29.0M	50x	as long as short