HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.083%

Price spread now: RISEx against Vest0.000%7-day average +0.016% · you buy dearer than you sell

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

Long on Vest Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.270%+$27 on $10k

Price spread, last 4 days (all we have)−0.481%−$48 · spread now 0.000%, 7d avg +0.016%

Together, before fees−0.211%+ Points / potential airdropVest: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	95.254	0.0100	pay 0.0013% / 1h	28m 06s	—	$80K	5x
Short	RISEx HYPE/USDC	95.254	0.0133	get 0.0017% / 1h	28m 06s	$3.1M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Vest. 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 VestbpFee RISExbpOrdersPrice spread, now 0.000%Rate

Funding earned: $6.96
Price spread: 0.000% → +0.016%: −$1.65
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$2.69
Costs to cover: 0.080%
Break-even: 9.7 days

Slippage unknown: Vest: no order-book sample; RISEx: live order book, 3 min ago. 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 RISEx live order book, 3 min ago	1.00 bp	4.0 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit

Vest: 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 exchanges

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
Phemex HYPEUSDT	−0.0271%	8h	95.157	−0.102%	$13.0M	$2.3M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.224	−0.032%	$18.5M	$35.0M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0192%	1h	95.189	−0.068%	$22K	$17K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0144%	1h	95.345	+0.095%	$218K	$275K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0139%	1h	95.150	−0.109%	$687K	$1.3M	10x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.205	−0.052%	$1.0M	$2.4M	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	95.199	−0.058%	$102K	$344K	20x	as long as short
Bullet HYPE-USD	−0.0086%	1h	95.182	−0.076%	$113K	$580K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.197	−0.060%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0078%	4h	95.180	−0.078%	$55.3M	$53.6M	75x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin HYPE-PERP	−0.0060%	1h	95.195	−0.062%	$79K	$134K	20x	as long as short
Aster HYPEUSDT	−0.0060%	4h	95.184	−0.074%	$9.0M	$32.7M	300x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.220	−0.036%	$4.7M	$5.5M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0056%	4h	95.176	−0.082%	$148K	$642K	20x	as long as short
Lighter HYPE	−0.0040%	1h	95.212	−0.044%	$16.5M	$58.1M	20x	as long as short
OKX HYPE-USDT-SWAP	−0.0023%	8h	95.171	−0.087%	$119.0M	$303.6M	50x	as long as short
ApeX Omni HYPEUSDT	−0.0017%	1h	95.150	−0.109%	$342K	$901K	50x	as long as short
Phoenix HYPE	−0.0008%	1h	95.062	−0.202%	$202K	$1.1M	10x	as long as short
Bitget HYPEUSDT	−0.0004%	4h	95.183	−0.075%	$228.8M	$85.7M	75x	as long as short
Perpl HYPE	0.0000%	43m	95.245	−0.010%	$24K	$250K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	0.0000%	1h	95.275	+0.022%	$7.5M	$4.3M	50x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.220	−0.036%	$114K	—	150x	as long as short
Popdex HYPEUSDT	+0.0016%	1h	95.206	−0.051%	$275K	$1.0M	50x	as long as short
Bybit HYPEUSDT	+0.0024%	8h	95.200	−0.057%	$321.8M	$263.6M	75x	as long as short
dYdX HYPE-USD	+0.0036%	1h	95.223	−0.033%	$128K	$94K	5x	as long as short
edgeX HYPEUSDC	+0.0048%	4h	95.101	−0.161%	$5.1M	$28.8M	30x	as long as short
MEXC HYPE_USDT	+0.0056%	4h	95.216	−0.040%	$90.1M	$84.0M	100x	as long as short
BingX HYPE-USDT	+0.0058%	4h	95.186	−0.072%	—	$48.9M	—	as long as short
Binance HYPEUSDT	+0.0058%	4h	95.184	−0.073%	$382.8M	$849.8M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0084%	8h	95.208	−0.049%	$340K	$30K	20x	as long as short
StandX HYPE-USD	+0.0090%	1h	95.176	−0.082%	$692K	$2.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.216	−0.040%	$3.4M	$10.1M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	95.204	−0.053%	$402K	$125K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.220	−0.036%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.175	−0.083%	$7.3M	$50.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.244	−0.011%	$10.3M	$13.1M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.174	−0.084%	$230K	$17K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.196	−0.061%	$47.6M	$17.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.149	−0.111%	$7.0M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.093	−0.170%	$29.6M	$52.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.129	−0.132%	$7.7M	$40.5M	10x	as long as short
Vest HYPE-PERPlong	+0.0100%	1h	95.254	long leg	—	$80K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	95.219	−0.037%	$504K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.246	−0.009%	$33K	$1.4M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.207	−0.050%	$2.1M	$334K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.298	+0.046%	$1.4M	$5.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.174	−0.085%	$18.3M	$39.1M	50x	as long as short
Kalshi KXHYPEPERP	+0.0128%	8h	95.279	+0.026%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDCshort	+0.0133%	1h	95.254	0.000%	$3.1M	$5.2M	20x
Hyperliquid HYPE	+0.0200%	1h	95.300	+0.048%	$2.11B	$646.1M	10x	as long as short
BloFin HYPE-USDT	+0.0230%	4h	95.206	−0.051%	$17.4M	$11.4M	75x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	95.141	−0.119%	$85K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.255	0.000%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.500	+0.258%	$31K	$334K	12x	as long as short