HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.029%

Price spread now: dYdX against SoDEX+0.051%7-day average +0.007% · 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−$71as in the Price arb table

costs, in and out, $10k−$750.753% of the position

Long on SoDEX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.075%−$8 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.051%, 7d avg +0.007%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.044% dearer against SoDEX than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.007%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX HYPE-USD	92.975	0.0100	pay 0.0013% / 1h	50m 50s	$2.0M	$2.0M	10x
Short	dYdX HYPE-USD	93.023	0	get 0.0000% / 1h	50m 50s	$128K	$29K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$21
Price spread: +0.051% → +0.007%: $4.42
Slippage, 4 orders: −$57.26
Fee SoDEX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$91.84
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from SoDEX: live order book, 3 min ago; dYdX: live order book, 3 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, 3 min ago	0.22 bp	7.4 bp −$7	12.2 bp −$122	96.3 bp −$9,635	doesn't fit
Sell dYdX live order book, 3 min ago	25.44 bp	30.4 bp −$30	72.9 bp −$729	180.1 bp −$18.0K	1151.9 bp −$576.0K

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	−0.0640%	1h	92.840	−0.146%	$194K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0266%	1h	92.907	−0.073%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.985	+0.011%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.022	+0.051%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0061%	4h	92.956	−0.020%	$158K	$660K	20x	as long as short
dYdX HYPE-USDshort	0.0000%	1h	93.023	+0.051%	$128K	$29K	5x
Kalshi KXHYPEPERP	0.0000%	8h	93.067	+0.099%	$1.8M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.012	+0.040%	$22K	$301K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.042	+0.072%	$62K	—	150x	as long as short
Phoenix HYPE	+0.0026%	1h	93.032	+0.061%	$210K	$1.2M	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	+0.0037%	8h	92.950	−0.027%	$316.5M	$282.4M	75x	as long as short
Phemex HYPEUSDT	+0.0038%	8h	92.947	−0.030%	$12.6M	$2.7M	50x	as long as short
Gate HYPE_USDT	+0.0048%	4h	92.955	−0.022%	$44.7M	$53.7M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0062%	1h	92.970	−0.005%	$699K	$1.1M	10x	as long as short
01 Exchange HYPEUSD	+0.0064%	1h	93.050	+0.081%	$87K	$362K	20x	as long as short
Bitget HYPEUSDT	+0.0080%	4h	92.940	−0.038%	$225.2M	$99.0M	75x	as long as short
edgeX HYPEUSDC	+0.0086%	4h	92.935	−0.043%	$4.9M	$29.6M	30x	as long as short
Aster HYPEUSDT	+0.0087%	4h	92.990	+0.016%	$8.7M	$36.2M	300x	as long as short
Lighter HYPE	+0.0096%	1h	92.996	+0.022%	$16.1M	$62.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.001	+0.028%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.017	+0.045%	$70K	$1.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.042	+0.072%	$340K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.990	+0.016%	$39K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.007	+0.035%	$7.5M	$45.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.000	+0.027%	$2.03B	$665.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.045	+0.075%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.952	−0.024%	$373.8M	$904.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.958	−0.018%	$114.0M	$304.8M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.942	−0.036%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.964	−0.012%	$87.7M	$79.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.969	−0.006%	$46.2M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.957	−0.019%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.977	+0.002%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.989	+0.015%	$28.6M	$57.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.015	+0.043%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.928	−0.051%	$351K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.011	+0.039%	$668K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.055	+0.086%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.056	+0.087%	$469K	$2.6M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.023	+0.052%	$112K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.971	−0.004%	$79K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.965	−0.010%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.009	+0.037%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDlong	+0.0100%	1h	92.975	long leg	$2.0M	$2.0M	10x
Extended HYPE-USD	+0.0104%	1h	92.939	−0.039%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.985	+0.010%	$393K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.080	+0.113%	$4.7M	$5.6M	50x	as long as short
HTX HYPE-USDT	+0.0177%	4h	93.154	+0.193%	$1.4M	$6.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	93.050	+0.081%	$20.6M	$30.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.150	+0.188%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0264%	1h	93.014	+0.042%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	93.015	+0.043%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.981	+0.006%	$16.7M	$11.7M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0460%	1h	93.073	+0.105%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	93.081	+0.114%	$3.2M	$6.4M	20x	as long as short