HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.09 per $10,000 · paid last 24h −0.011%

Price spread now: Coinbase International against SoDEX+0.045%7-day average −0.025% · 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−$27as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on SoDEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.131%−$13 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.045%, 7d avg −0.025%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.070% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.025%. Mind the row above: over the last 3 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX HYPE-USD	93.398	0.0100	pay 0.0013% / 1h	35m 14s	$2.0M	$1.9M	10x
Short	Coinbase International HYPE-PERP-INTX	93.440	0.0176	get 0.0022% / 1h	35m 14s	$4.8M	$5.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SoDEX. 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 SoDEXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.045%Rate

Funding earned: $15.96
Price spread: +0.045% → −0.025%: $7.02
Slippage, 4 orders: −$15.99
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$11
Costs to cover: 0.340%
Break-even: 11.8 days

Slippage from SoDEX: live order book, 4 min ago; Coinbase International: live order book, 4 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 SoDEX live order book, 4 min ago	0.05 bp	6.9 bp −$7	12.6 bp −$126	99.8 bp −$9,978	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.28 bp	10.8 bp −$11	15.5 bp −$155	40.2 bp −$4,021	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	−0.1296%	1h	93.292	−0.114%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.240	−0.169%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0099%	1h	93.300	−0.105%	$699K	$982K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.355	−0.046%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.384	−0.015%	$85K	$344K	20x	as long as short
Phemex HYPEUSDT	−0.0056%	8h	93.374	−0.026%	$12.6M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0055%	1h	93.379	−0.021%	$22K	$21K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0044%	4h	93.361	−0.040%	$154K	$640K	20x	as long as short
Bullet HYPE-USD	−0.0007%	1h	93.398	0.000%	$112K	$577K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.361	−0.040%	$128K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.408	+0.011%	$23K	$322K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.413	+0.016%	$62K	—	150x	as long as short
Aster HYPEUSDT	+0.0020%	4h	93.398	0.000%	$8.8M	$35.5M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.393	−0.005%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0026%	4h	93.391	−0.007%	—	$53.0M	—	as long as short
Bybit HYPEUSDT	+0.0030%	8h	93.390	−0.009%	$321.3M	$277.1M	75x	as long as short
Gate HYPE_USDT	+0.0052%	4h	93.395	−0.003%	$44.6M	$54.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0078%	8h	93.380	−0.019%	$114.2M	$302.0M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.407	+0.009%	$16.3M	$61.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.407	+0.010%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.377	−0.022%	$69K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0096%	4h	93.397	−0.001%	$89.9M	$80.7M	100x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.391	−0.008%	$339K	$162K	20x	as long as short
Binance HYPEUSDT	+0.0098%	4h	93.382	−0.017%	$378.7M	$876.2M	75x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.380	−0.019%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.377	−0.022%	$5.8M	$43.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.478	+0.086%	$2.04B	$653.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.382	−0.017%	$10.0M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.364	−0.036%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.415	+0.018%	$45.9M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.408	+0.011%	$225.9M	$96.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.371	−0.029%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.367	−0.033%	$31.1M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.365	−0.036%	$7.5M	$45.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.333	−0.070%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.388	−0.011%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.432	+0.037%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.425	+0.029%	$472K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.371	−0.029%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.373	−0.027%	$16.2M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.399	+0.001%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDlong	+0.0100%	1h	93.398	long leg	$2.0M	$1.9M	10x
Extended HYPE-USD	+0.0104%	1h	93.372	−0.028%	$18.4M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.389	−0.010%	$397K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0110%	4h	93.315	−0.089%	$5.1M	$29.7M	30x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0176%	1h	93.440	+0.045%	$4.8M	$5.6M	50x
HTX HYPE-USDT	+0.0193%	4h	93.504	+0.113%	$1.4M	$6.0M	75x	as long as short
Reya HYPERUSDPERP	+0.0258%	1h	93.384	−0.015%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0277%	8h	93.438	+0.043%	$1.9M	$5.0M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.426	+0.030%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0338%	4h	93.380	−0.019%	$17.0M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0360%	1h	93.481	+0.089%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.461	+0.067%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.220	−0.191%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.456	+0.062%	$20.8M	$29.8M	50x	as long as short