HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.48 per $10,000 · paid last 24h +0.040%

Price spread now: HTX against SunX+0.170%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1501.502% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.278%−$28 · spread now +0.170%, 7d avg −0.016%

Together, before fees−0.238%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.186% dearer against SunX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HYPE-USDT	93.331	0.0100	pay 0.0050% / 4h	1h 37m	$32K	$1.6M	20x
Short	HTX HYPE-USDT	93.490	0.0195	get 0.0098% / 4h	1h 37m	$1.4M	$6.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now +0.170%Rate

Funding earned: $19.96
Price spread: +0.170% → −0.016%: $18.64
Slippage, 4 orders: −$130.19
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$111.58
Costs to cover: 1.502%
Break-even: 46.1 days

Slippage from SunX: live order book, 7 min ago; HTX: 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 SunX live order book, 7 min ago	54.37 bp	59.1 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	2.51 bp	11.7 bp −$12	16.9 bp −$169	86.6 bp −$8,657	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	−0.1272%	1h	93.214	−0.125%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.216	−0.123%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0086%	1h	93.170	−0.173%	$700K	$980K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.335	+0.004%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0063%	8h	93.262	−0.074%	$12.6M	$2.7M	50x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.272	−0.063%	$85K	$345K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0047%	1h	93.391	+0.064%	$22K	$21K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0046%	4h	93.258	−0.078%	$155K	$633K	20x	as long as short
Bullet HYPE-USD	−0.0005%	1h	93.259	−0.077%	$111K	$577K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.361	+0.032%	$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	93.352	+0.022%	$23K	$322K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.306	−0.027%	$62K	—	150x	as long as short
Aster HYPEUSDT	+0.0017%	4h	93.304	−0.029%	$8.8M	$35.5M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.398	+0.072%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0026%	4h	93.305	−0.028%	—	$53.0M	—	as long as short
Bybit HYPEUSDT	+0.0032%	8h	93.290	−0.044%	$321.1M	$277.1M	75x	as long as short
Gate HYPE_USDT	+0.0050%	4h	93.296	−0.038%	$44.5M	$54.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0077%	8h	93.298	−0.035%	$114.1M	$301.9M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.301	−0.032%	$16.3M	$61.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.276	−0.059%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.300	−0.033%	$69K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0096%	4h	93.310	−0.023%	$89.7M	$80.7M	100x	as long as short
Binance HYPEUSDT	+0.0097%	4h	93.300	−0.033%	$378.6M	$876.7M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.367	+0.039%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.300	−0.033%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.352	+0.022%	$5.8M	$43.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.383	+0.056%	$2.04B	$653.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.366	+0.038%	$10.0M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.580	+0.267%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.323	−0.009%	$45.9M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.310	−0.023%	$225.6M	$96.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.246	−0.091%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.317	−0.015%	$31.1M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.553	+0.238%	$7.6M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.487	+0.167%	$340K	$999K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.323	−0.009%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.334	+0.003%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.312	−0.020%	$471K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.251	+0.986%	$80K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.270	−0.066%	$16.2M	$7.5M	10x	as long as short
SunX HYPE-USDTlong	+0.0100%	4h	93.331	long leg	$32K	$1.6M	20x
SoDEX HYPE-USD	+0.0100%	1h	93.279	−0.056%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.286	−0.049%	$18.4M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.268	−0.067%	$397K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	93.349	+0.019%	$5.1M	$29.6M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.360	+0.031%	$4.8M	$5.6M	50x	as long as short
HTX HYPE-USDTshort	+0.0195%	4h	93.490	+0.170%	$1.4M	$6.0M	75x
Reya HYPERUSDPERP	+0.0257%	1h	93.256	−0.080%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0277%	8h	93.353	+0.024%	$1.9M	$5.1M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0286%	1h	93.371	+0.043%	$7.4M	$4.4M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.303	−0.030%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0337%	4h	93.271	−0.064%	$16.9M	$11.6M	75x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.414	+0.089%	$3.2M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.220	−0.119%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.351	+0.021%	$20.7M	$30.1M	50x	as long as short