HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bulk against Aevo−0.049%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Aevo Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.049%, 7d avg +0.039%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.088% cheaper against Aevo than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	93.381	0.0104	pay 0.0013% / 1h	2m 57s	$397K	$172K	20x
Short	Bulk HYPE-USD	93.335	0.0100	get 0.0013% / 1h	2m 57s	$203K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Aevo. 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 AevobpFee BulkbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$0.84
Price spread: −0.049% → +0.039%: −$8.79
Slippage, 4 orders: −$14.95
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$47.58
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Aevo: live order book, 1 min ago; Bulk: 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 Aevo live order book, 1 min ago	3.81 bp	15.6 bp −$16	17.5 bp −$175	19.9 bp −$1,986	doesn't fit
Sell Bulk live order book, 1 min ago	0.54 bp	4.0 bp −$4	7.0 bp −$70	14.5 bp −$1,447	27.4 bp −$13.7K

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	−0.1120%	1h	93.340	−0.043%	$196K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.282	−0.106%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.404	+0.025%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0065%	8h	93.311	−0.075%	$12.6M	$2.7M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0062%	1h	93.320	−0.065%	$699K	$905K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0052%	4h	93.366	−0.016%	$156K	$640K	20x	as long as short
01 Exchange HYPEUSD	−0.0040%	1h	93.399	+0.020%	$85K	$347K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0020%	1h	93.466	+0.091%	$22K	$21K	10x	as long as short
Aster HYPEUSDT	−0.0003%	4h	93.401	+0.022%	$8.8M	$35.7M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.383	+0.003%	$128K	$31K	5x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.381	0.000%	$22K	$321K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.385	+0.004%	$26K	—	150x	as long as short
BingX HYPE-USDT	+0.0006%	4h	93.327	−0.057%	—	$53.2M	—	as long as short
Bybit HYPEUSDT	+0.0014%	8h	93.290	−0.097%	$320.0M	$276.5M	75x	as long as short
Gate HYPE_USDT	+0.0016%	4h	93.313	−0.072%	$44.3M	$55.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0017%	1h	93.292	−0.095%	$7.4M	$10.4M	20x	as long as short
Phoenix HYPE	+0.0060%	1h	93.424	+0.046%	$210K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0074%	4h	93.345	−0.038%	$88.1M	$83.5M	100x	as long as short
Bullet HYPE-USD	+0.0076%	1h	93.388	+0.008%	$112K	$578K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0076%	8h	93.304	−0.082%	$114.6M	$302.2M	50x	as long as short
Binance HYPEUSDT	+0.0080%	4h	93.327	−0.058%	$379.7M	$880.2M	75x	as long as short
edgeX HYPEUSDC	+0.0085%	4h	93.295	−0.092%	$5.0M	$30.0M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.407	+0.028%	$16.3M	$62.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.390	+0.010%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.394	+0.014%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.468	+0.093%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.410	+0.031%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.415	+0.036%	$5.7M	$43.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.425	+0.047%	$2.04B	$657.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.427	+0.050%	$10.0M	$14.7M	20x	as long as short
Bulk HYPE-USDshort	+0.0100%	1h	93.335	−0.049%	$203K	$10K	10x
KuCoin HYPEUSDTM	+0.0100%	4h	93.390	+0.010%	$46.2M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.294	−0.093%	$225.7M	$97.1M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.349	−0.034%	$31.1M	$54.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.360	−0.022%	$7.5M	$46.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.340	−0.044%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.464	+0.089%	$667K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.447	+0.071%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.411	+0.032%	$475K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.340	−0.044%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.351	−0.031%	$16.2M	$7.7M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.496	+0.123%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.393	+0.013%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.362	−0.020%	$18.3M	$43.5M	50x	as long as short
Aevo HYPE-PERPlong	+0.0104%	1h	93.381	long leg	$397K	$172K	20x
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.410	+0.031%	$4.9M	$5.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	94.180	+0.856%	$31K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0196%	4h	93.510	+0.138%	$1.4M	$5.9M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.483	+0.109%	$3.2M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0256%	1h	93.365	−0.017%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0279%	8h	93.454	+0.079%	$1.9M	$4.8M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.383	+0.003%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0392%	1h	93.471	+0.097%	$7.4M	$4.4M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0682%	1h	93.459	+0.083%	$20.8M	$29.9M	50x	as long as short