HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.002%

Price spread now: Lighter against StandX+0.010%46s7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$120.121% of the position

Long on StandX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days+0.031%+$3 · spread now +0.010%, 7d avg +0.027%

Together, before fees+0.013%+ Points / potential airdropStandX: Active · Lighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX HYPE-USD	93.585	0.0100	pay 0.0013% / 1h	31m 47s	$677K	$2.4M	20x
Short	Lighter HYPE	93.594	0.0096	get 0.0012% / 1h	31m 47s	$18.6M	$59.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against StandX. 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 StandXbpFee LighterbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$0.84
Price spread: +0.010% → +0.027%: −$1.66
Slippage, 4 orders: −$4.06
Fee StandX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.56
Costs to cover: 0.121%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; Lighter: live order book, 7 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 StandX live order book, 2 min ago	1.28 bp	5.3 bp −$5	5.3 bp −$53	11.5 bp −$1,152	doesn't fit
Sell Lighter live order book, 7 min ago	0.71 bp	0.7 bp −$1	2.1 bp −$21	9.6 bp −$958	37.8 bp −$18.9K

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	−0.1080%	1h	93.498	−0.093%	$197K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0269%	1h	93.502	−0.088%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0240%	1h	93.520	−0.069%	$701K	$941K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.567	−0.019%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	93.593	+0.009%	$89K	$348K	20x	as long as short
Bullet HYPE-USD	−0.0034%	1h	93.554	−0.033%	$112K	$583K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.563	−0.023%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.573	−0.013%	$23K	$337K	10x	as long as short
Derive HYPE-PERP	+0.0001%	1h	93.510	−0.080%	$16.4M	$7.1M	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.598	+0.014%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0020%	4h	93.561	−0.026%	$9.0M	$35.8M	300x	as long as short
Gate HYPE_USDT	+0.0034%	4h	93.547	−0.041%	$44.1M	$56.6M	75x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.546	−0.042%	$325.9M	$287.0M	75x	as long as short
Phoenix HYPE	+0.0068%	1h	93.549	−0.038%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0069%	4h	93.566	−0.020%	$179K	$530K	20x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	93.558	−0.029%	$57K	$1.2M	50x	as long as short
Lighter HYPEshort	+0.0096%	1h	93.594	+0.010%	$18.6M	$59.5M	20x
Lighter RH HYPE	+0.0096%	1h	93.583	−0.002%	$3.1M	$12.3M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.571	−0.015%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.570	−0.016%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.561	−0.025%	$6.0M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.650	+0.069%	$2.04B	$668.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.571	−0.015%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.546	−0.042%	$386.0M	$888.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.540	−0.048%	$114.9M	$315.3M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.534	−0.054%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.403	−0.195%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.547	−0.041%	$93.5M	$82.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.573	−0.013%	$46.4M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.585	0.000%	$227.3M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.550	−0.037%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.590	+0.005%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.402	−0.196%	$28.9M	$49.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.500	−0.090%	$7.5M	$45.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.482	−0.110%	$406K	$1.0M	50x	as long as short
StandX HYPE-USDlong	+0.0100%	1h	93.585	long leg	$677K	$2.4M	20x
Vest HYPE-PERP	+0.0100%	1h	93.595	+0.011%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.593	+0.009%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.558	−0.029%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.612	+0.029%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.549	−0.038%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.551	−0.036%	$12.7M	$2.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0102%	1h	93.651	+0.071%	$7.4M	$4.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.535	−0.053%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.577	−0.009%	$398K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0117%	4h	93.456	−0.138%	$5.1M	$29.6M	30x	as long as short
Kalshi KXHYPEPERP	+0.0123%	8h	93.644	+0.063%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.610	+0.027%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.557	−0.030%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.710	+0.134%	$30K	$231K	12x	as long as short
HTX HYPE-USDT	+0.0335%	4h	93.732	+0.157%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0164%	1h	93.595	+0.011%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.559	−0.028%	$17.1M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.623	+0.040%	$2.7M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0572%	1h	93.654	+0.074%	$19.2M	$26.0M	50x	as long as short