HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.084%

Price spread now: Vest against RISEx+0.098%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.098% dearer against RISEx than usual: you sell high and buy low (spread +0.098% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HYPE/USDC	94.642	0.0138	pay 0.0017% / 1h	48m 54s	$3.1M	$5.2M	20x
Short	Vest HYPE-PERP	94.735	0.0100	get 0.0013% / 1h	48m 54s	—	$80K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$7.92
Price spread: +0.098% → 0.000%: $9.76
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Vest: 1 bp × 2 orders: −$2
Net: −$6.16
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: RISEx: live order book, 3 min ago; Vest: no order-book sample. Net counts fees only.

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	0.74 bp	3.7 bp −$4	5.7 bp −$57	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPE on 55 exchanges

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
Kraken Futures PF_HYPEUSD	−0.0282%	1h	94.632	−0.011%	$18.2M	$32.7M	50x	as long as short
Bluefin HYPE-PERP	−0.0247%	1h	94.557	−0.090%	$79K	$131K	20x	as long as short
Phemex HYPEUSDT	−0.0231%	8h	94.648	+0.006%	$12.9M	$2.2M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0214%	1h	94.620	−0.024%	$677K	$1.3M	10x	as long as short
Lighter HYPE	−0.0144%	1h	94.626	−0.017%	$16.5M	$55.3M	20x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	94.682	+0.042%	$102K	$351K	20x	as long as short
Aster HYPEUSDT	−0.0103%	4h	94.786	+0.152%	$9.0M	$34.7M	300x	as long as short
Gate HYPE_USDT	−0.0082%	4h	94.816	+0.183%	$55.9M	$52.7M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.894	+0.266%	$3K	$421	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0075%	4h	94.582	−0.064%	$147K	$643K	20x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International HYPE-PERP-INTX	−0.0064%	1h	94.620	−0.024%	$4.7M	$5.4M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0058%	1h	94.948	+0.323%	$22K	$17K	10x	as long as short
OKX HYPE-USDT-SWAP	−0.0044%	8h	94.809	+0.176%	$118.9M	$304.1M	50x	as long as short
Bitget HYPEUSDT	−0.0028%	4h	94.810	+0.177%	$229.6M	$86.1M	75x	as long as short
Phoenix HYPE	−0.0017%	1h	94.778	+0.143%	$199K	$1.1M	10x	as long as short
Bullet HYPE-USD	−0.0004%	1h	94.635	−0.008%	$113K	$585K	20x	as long as short
ApeX Omni HYPEUSDT	−0.0001%	1h	94.773	+0.138%	$323K	$924K	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.572	−0.074%	$127K	$96K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.643	0.000%	$24K	$248K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.640	−0.002%	$99K	—	150x	as long as short
Derive HYPE-PERP	+0.0016%	1h	94.541	−0.107%	$16.3M	$7.0M	10x	as long as short
edgeX HYPEUSDC	+0.0021%	4h	94.769	+0.134%	$5.0M	$28.0M	30x	as long as short
Bybit HYPEUSDT	+0.0026%	8h	94.820	+0.188%	$320.1M	$263.2M	75x	as long as short
MEXC HYPE_USDT	+0.0028%	4h	94.785	+0.151%	$88.6M	$82.6M	100x	as long as short
Binance HYPEUSDT	+0.0029%	4h	94.786	+0.152%	$382.2M	$851.3M	75x	as long as short
BingX HYPE-USDT	+0.0034%	4h	94.797	+0.163%	—	$49.7M	—	as long as short
Popdex HYPEUSDT	+0.0040%	1h	94.685	+0.045%	$273K	$998K	50x	as long as short
Backpack HYPE_USDC_PERP	+0.0041%	1h	94.662	+0.021%	$6.8M	$12.3M	20x	as long as short
SoDEX HYPE-USD	+0.0055%	1h	94.740	+0.103%	$2.1M	$335K	10x	as long as short
Lighter RH HYPE	+0.0056%	1h	94.646	+0.004%	$3.2M	$9.8M	20x	as long as short
KuCoin HYPEUSDTM	+0.0084%	4h	94.785	+0.151%	$47.3M	$17.7M	75x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	94.586	−0.060%	$400K	$125K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	94.598	−0.047%	$338K	$30K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	94.600	−0.045%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.582	−0.063%	$7.2M	$50.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.808	+0.175%	$2.10B	$643.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.627	−0.016%	$10.2M	$12.8M	20x	as long as short
Arcus HYPE-USD	+0.0100%	1h	94.630	−0.013%	$1.0M	$2.8M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.036	+0.416%	$228K	$20K	10x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.740	+0.103%	$30.0M	$52.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.770	+0.134%	$7.7M	$41.1M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.854	+0.224%	$690K	$2.6M	20x	as long as short
Vest HYPE-PERPshort	+0.0100%	1h	94.735	+0.098%	—	$80K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	94.673	+0.032%	$496K	$2.4M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.657	+0.015%	$32K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.751	+0.115%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.758	+0.122%	$18.2M	$37.6M	50x	as long as short
BloFin HYPE-USDT	+0.0116%	4h	94.606	−0.038%	$17.5M	$11.5M	75x	as long as short
Kalshi KXHYPEPERP	+0.0118%	8h	94.721	+0.083%	$1.8M	$5.1M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0120%	1h	94.694	+0.055%	$7.5M	$4.2M	50x	as long as short
RISEx HYPE/USDClong	+0.0138%	1h	94.642	long leg	$3.1M	$5.2M	20x
Reya HYPERUSDPERP	+0.0268%	1h	94.636	−0.007%	$84K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	94.662	+0.020%	$1.4M	—	100x	as long as short
Hibachi HYPE/USDT-P	+0.1000%	1h	94.909	+0.281%	$214K	$277K	7x	as long as short
Injective HYPE/USDC PERP	+0.1234%	1h	95.420	+0.822%	$31K	$334K	12x	as long as short