HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0122%/8h= −13.4% APRnext payment −$0.15 per $10,000 · paid last 24h −0.031%

Price spread now: Pacifica against RISEx+0.009%7-day average +0.001% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on RISEx Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.112%−$11 on $10k

Price spread, last 7 days−0.035%−$4 · spread now +0.009%, 7d avg +0.001%

Together, before fees−0.147%+ Points / potential airdropPacifica: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$4 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	94.035	0.0222	pay 0.0028% / 1h	13m 33s	$2.7M	$6.8M	20x
Short	Pacifica HYPE	94.043	0.0100	get 0.0013% / 1h	13m 33s	$10.2M	$14.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.009%Rate

Funding earned: −$25.65
Price spread: +0.009% → +0.001%: $0.78
Slippage, 4 orders: −$6.74
Fee RISEx: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$45.61
Costs to cover: 0.207%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Pacifica: live order book, 1 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, 5 min ago	2.08 bp	6.6 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit
Sell Pacifica live order book, 1 min ago	0.05 bp	4.4 bp −$4	doesn't fit	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
Hibachi HYPE/USDT-P	−0.1240%	1h	93.973	−0.066%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.916	−0.127%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0203%	1h	93.924	−0.118%	$22K	$21K	10x	as long as short
Phemex HYPEUSDT	−0.0144%	8h	94.067	+0.034%	$12.8M	$2.6M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0116%	1h	93.980	−0.058%	$708K	$961K	10x	as long as short
dYdX HYPE-USD	−0.0097%	1h	94.086	+0.054%	$129K	$31K	5x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.021	−0.015%	$85K	$360K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.024	−0.012%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0071%	1h	94.050	+0.016%	$113K	$581K	20x	as long as short
Gate HYPE_USDT	−0.0048%	4h	94.025	−0.011%	$44.5M	$60.3M	75x	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	−0.0027%	4h	94.066	+0.033%	$160K	$646K	20x	as long as short
Bybit HYPEUSDT	−0.0013%	8h	93.980	−0.058%	$323.5M	$280.3M	75x	as long as short
Perpl HYPE	0.0000%	43m	94.082	+0.050%	$23K	$326K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.099	+0.068%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0013%	4h	94.099	+0.068%	$8.9M	$36.1M	300x	as long as short
Derive HYPE-PERP	+0.0017%	1h	94.042	+0.007%	$16.4M	$7.3M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.678	−0.380%	$218K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0050%	4h	94.032	−0.003%	$88.6M	$83.3M	100x	as long as short
Binance HYPEUSDT	+0.0051%	4h	94.020	−0.016%	$383.5M	$894.9M	75x	as long as short
edgeX HYPEUSDC	+0.0058%	4h	93.999	−0.038%	$5.1M	$30.1M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0075%	8h	93.990	−0.048%	$116.2M	$316.0M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.059	+0.025%	$19.0M	$60.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.042	+0.007%	$3.0M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.002	−0.035%	$65K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.095	+0.064%	$400K	$180K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.066	+0.033%	$342K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.980	−0.058%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.025	−0.011%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.077	+0.045%	$2.05B	$676.4M	10x	as long as short
Pacifica HYPEshort	+0.0100%	1h	94.043	+0.009%	$10.2M	$14.6M	20x
Bulk HYPE-USD	+0.0100%	1h	93.528	−0.539%	$204K	$12K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.017	−0.019%	$46.7M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.998	−0.039%	$227.6M	$101.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.002	−0.035%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.123	+0.094%	$7.7M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.810	−0.239%	$31.4M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.085	+0.053%	$7.6M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.061	+0.028%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.100	+0.069%	$672K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.048	+0.013%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.027	−0.009%	$475K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.104	+0.073%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.141	+0.113%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.108	+0.078%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.989	−0.049%	$18.4M	$45.4M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.140	+0.112%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0181%	4h	94.072	+0.039%	$17.1M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.484%	$31K	$338K	12x	as long as short
RISEx HYPE/USDClong	+0.0222%	1h	94.035	long leg	$2.7M	$6.8M	20x
Kalshi KXHYPEPERP	+0.0232%	8h	94.152	+0.124%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0252%	1h	93.994	−0.043%	$79K	$143K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0335% / S −0.0156%	1h	94.094	+0.063%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0381%	4h	94.250	+0.229%	$1.5M	$6.0M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0547%	1h	94.197	+0.172%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0670%	1h	94.196	+0.171%	$21.0M	$29.8M	50x	as long as short