HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0181%/8h= −19.8% APRnext payment −$0.23 per $10,000 · paid last 24h −0.024%

Price spread now: Ondo Perps against Vest−0.129%7-day average −0.082% · you buy dearer than you sell

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

Long on Vest Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−1.024%−$102 · spread now −0.129%, 7d avg −0.082%

Together, before fees−0.971%+ Points / potential airdropVest: Active · Ondo Perps: Active · farm board−$97 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Ondo Perps is 0.047% cheaper against Vest than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.082%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.053%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	93.981	0.0100	pay 0.0013% / 1h	26m 05s	—	$243K	5x
Short	Ondo Perps HYPE-USD.P	93.860	−0.0081	pay 0.0010% / 1h	26m 05s	$703K	$937K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee Ondo PerpsbpOrdersPrice spread, now −0.129%Rate

Funding earned: −$37.97
Price spread: −0.129% → −0.082%: −$4.72
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$49.69
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Ondo Perps: 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 Vest no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Vest and Ondo Perps: 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 54 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	−0.0920%	1h	93.818	−0.174%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.821	−0.171%	$1.2M	$3.8M	10x	as long as short
Phemex HYPEUSDT	−0.0142%	8h	93.889	−0.098%	$12.7M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0134%	1h	93.748	−0.248%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.Pshort	−0.0081%	1h	93.860	−0.129%	$703K	$937K	10x
Hotstuff HYPE-PERP	−0.0080%	1h	93.872	−0.116%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0057%	4h	93.919	−0.066%	$157K	$646K	20x	as long as short
01 Exchange HYPEUSD	−0.0048%	1h	93.946	−0.038%	$85K	$350K	20x	as long as short
Backpack HYPE_USDC_PERP	−0.0042%	1h	93.896	−0.091%	$7.8M	$10.3M	20x	as long as short
Gate HYPE_USDT	−0.0030%	4h	93.942	−0.042%	$44.5M	$55.0M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	−0.0002%	4h	93.920	−0.065%	—	$53.7M	—	as long as short
Aster HYPEUSDT	−0.0001%	4h	93.943	−0.041%	$8.9M	$35.9M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.869	−0.119%	$129K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.962	−0.021%	$22K	$326K	10x	as long as short
Bybit HYPEUSDT	+0.0002%	8h	93.873	−0.115%	$322.4M	$281.2M	75x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.969	−0.014%	$26K	—	150x	as long as short
Phoenix HYPE	+0.0060%	1h	93.904	−0.082%	$211K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0066%	4h	93.933	−0.051%	$87.9M	$82.9M	100x	as long as short
Binance HYPEUSDT	+0.0068%	4h	93.922	−0.063%	$382.3M	$893.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0068%	8h	93.863	−0.126%	$115.4M	$309.1M	50x	as long as short
edgeX HYPEUSDC	+0.0071%	4h	93.800	−0.193%	$5.1M	$29.9M	30x	as long as short
Bullet HYPE-USD	+0.0072%	1h	93.934	−0.051%	$112K	$578K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.955	−0.028%	$341K	$164K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.962	−0.021%	$16.4M	$62.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.956	−0.027%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.928	−0.057%	$67K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.961	−0.022%	$400K	$177K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.923	−0.063%	$16.3M	$7.7M	10x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.930	−0.055%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.904	−0.082%	$5.8M	$45.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.018	+0.039%	$2.05B	$672.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.919	−0.066%	$10.1M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.960	−0.023%	$46.5M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.868	−0.121%	$227.5M	$98.6M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.910	−0.076%	$31.1M	$54.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.824	−0.167%	$7.6M	$47.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.834	−0.157%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.938	−0.046%	$670K	$2.6M	20x	as long as short
Vest HYPE-PERPlong	+0.0100%	1h	93.981	long leg	—	$243K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	93.974	−0.008%	$475K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.920	−0.065%	$80K	$172K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.020	+0.041%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.936	−0.048%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.880	−0.108%	$204K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.827	−0.164%	$18.3M	$44.3M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.920	−0.065%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.920	−0.065%	$31K	$339K	12x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.994	+0.013%	$3.2M	$7.0M	20x	as long as short
HTX HYPE-USDT	+0.0218%	4h	94.100	+0.126%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0255%	1h	93.947	−0.037%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0273%	8h	94.001	+0.021%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0156%	1h	93.969	−0.013%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0442%	1h	94.042	+0.065%	$7.5M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0678%	1h	94.030	+0.051%	$21.0M	$29.8M	50x	as long as short