HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0427%/8h= −46.7% APRnext payment −$0.53 per $10,000 · paid last 24h −0.057%

Price spread now: StandX against RISEx−0.146%7-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−$35as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on RISEx Short on StandX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.136%−$14 on $10k

Price spread, last 7 days+0.159%+$16 · spread now −0.146%, 7d avg +0.001%

Together, before fees+0.023%+ Points / potential airdropStandX: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and StandX is 0.147% cheaper against RISEx than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.136% in total (about -13.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HYPE/USDC	94.279	0.0527	pay 0.0066% / 1h	12m 37s	$3.2M	$6.3M	20x
Short	StandX HYPE-USD	94.142	0.0100	get 0.0013% / 1h	12m 37s	$674K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$89.57
Price spread: −0.146% → +0.001%: −$14.71
Slippage, 4 orders: −$6.05
Fee RISEx: 3 bp × 2 orders: −$6
Fee StandX: 4 bp × 2 orders: −$8
Net: −$124.34
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; StandX: 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, 1 min ago	1.70 bp	4.7 bp −$5	6.9 bp −$69	doesn't fit	doesn't fit
Sell StandX live order book, 1 min ago	1.33 bp	5.3 bp −$5	5.5 bp −$55	12.4 bp −$1,243	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	−0.1328%	1h	94.055	−0.238%	$199K	$239K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0391%	1h	93.960	−0.339%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.149	−0.138%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0016%	1h	94.183	−0.103%	$112K	$580K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0015%	4h	94.155	−0.132%	$147K	$678K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.186	−0.099%	$129K	$29K	5x	as long as short
01 Exchange HYPEUSD	0.0000%	1h	94.225	−0.058%	$86K	$372K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.193	−0.092%	$23K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	94.200	−0.084%	$63K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	94.202	−0.082%	$1.1M	$4.0M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	+0.0021%	8h	94.210	−0.074%	$319.5M	$285.1M	75x	as long as short
Bitget HYPEUSDT	+0.0022%	4h	94.226	−0.057%	$227.3M	$99.2M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	94.200	−0.084%	$209K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0027%	8h	94.145	−0.143%	$12.8M	$2.8M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0066%	1h	94.080	−0.212%	$709K	$1.2M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	94.230	−0.052%	$342K	$158K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.221	−0.062%	$16.4M	$63.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.204	−0.080%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.254	−0.027%	$72K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.180	−0.106%	$28K	$1.7M	10x	as long as short
edgeX HYPEUSDC	+0.0100%	4h	94.090	−0.201%	$5.0M	$30.2M	30x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.213	−0.070%	$7.2M	$48.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.289	+0.010%	$2.06B	$676.1M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.238	−0.044%	$8.8M	$36.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.254	−0.027%	$10.2M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.264	−0.017%	$378.3M	$919.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.234	−0.048%	$116.5M	$316.2M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.219	−0.064%	$48.1M	$55.3M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.229	−0.054%	$90.0M	$82.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.218	−0.065%	$46.5M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.219	−0.064%	—	$53.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.229	−0.054%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.099	−0.191%	$28.9M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.125	−0.164%	$7.7M	$48.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.113	−0.177%	$337K	$998K	50x	as long as short
StandX HYPE-USDshort	+0.0100%	1h	94.142	−0.146%	$674K	$2.8M	20x
Vest HYPE-PERP	+0.0100%	1h	94.288	+0.009%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.252	−0.029%	$478K	$2.8M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.192	−0.093%	$80K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	94.165	−0.122%	$16.2M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.244	−0.038%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.185	−0.100%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.333	+0.057%	$1.4M	$6.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.197	−0.087%	$217K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.191	−0.094%	$18.3M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.176	−0.110%	$398K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0120%	8h	94.246	−0.036%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	94.310	+0.032%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.220	−0.063%	$4.7M	$6.1M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0153%	1h	94.254	−0.027%	$7.5M	$4.1M	50x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	94.197	−0.087%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	94.190	−0.095%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0338%	1h	94.260	−0.020%	$21.0M	$29.6M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.169	−0.117%	$16.8M	$12.1M	75x	as long as short
RISEx HYPE/USDClong	+0.0527%	1h	94.279	long leg	$3.2M	$6.3M	20x