HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.014%

Price spread now: Coinbase International against Aevo−0.118%55s7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as 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−$500.498% of the position

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now −0.118%, 7d avg −0.029%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.089% cheaper against Aevo than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of −0.029%). If the spread goes back, that is −$9 on $10k: about 6.2 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.110%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	93.370	0.0088	pay 0.0011% / 1h	44m 26s	$397K	$177K	20x
Short	Coinbase International HYPE-PERP-INTX	93.260	0.0136	get 0.0017% / 1h	44m 26s	$4.9M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.118%Rate

Funding earned: $10.08
Price spread: −0.118% → −0.029%: −$8.86
Slippage, 4 orders: −$23.8
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$48.58
Costs to cover: 0.498%
Break-even: 40.7 days

Slippage from Aevo: live order book, 25 min ago; Coinbase International: live order book, 5 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, 25 min ago	7.76 bp	17.2 bp −$17	23.0 bp −$230	26.4 bp −$2,639	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.67 bp	8.3 bp −$8	12.6 bp −$126	35.9 bp −$3,586	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	−0.1008%	1h	93.199	−0.184%	$196K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.123	−0.265%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0171%	1h	93.328	−0.045%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0128%	1h	93.120	−0.268%	$698K	$976K	10x	as long as short
Backpack HYPE_USDC_PERP	−0.0120%	1h	93.168	−0.217%	$7.8M	$10.4M	20x	as long as short
Gate HYPE_USDT	−0.0090%	4h	93.324	−0.049%	$44.2M	$54.0M	75x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	93.300	−0.075%	$84K	$361K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.214	−0.167%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0054%	4h	93.305	−0.070%	$156K	$652K	20x	as long as short
Phemex HYPEUSDT	−0.0036%	8h	93.238	−0.142%	$12.6M	$2.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	−0.0034%	4h	93.275	−0.102%	$8.8M	$36.3M	300x	as long as short
Bluefin HYPE-PERP	−0.0009%	1h	93.343	−0.029%	$79K	$173K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.239	−0.141%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.319	−0.054%	$22K	$333K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.350	−0.022%	$26K	—	150x	as long as short
Bybit HYPEUSDT	+0.0007%	8h	93.330	−0.043%	$319.2M	$283.3M	75x	as long as short
BingX HYPE-USDT	+0.0018%	4h	93.338	−0.034%	—	$54.3M	—	as long as short
Binance HYPEUSDT	+0.0041%	4h	93.339	−0.033%	$379.8M	$905.2M	75x	as long as short
MEXC HYPE_USDT	+0.0042%	4h	93.316	−0.058%	$88.1M	$82.4M	100x	as long as short
Bullet HYPE-USD	+0.0047%	1h	93.299	−0.077%	$112K	$579K	20x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	93.354	−0.017%	$5.1M	$30.0M	30x	as long as short
Phoenix HYPE	+0.0060%	1h	93.190	−0.193%	$212K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0064%	8h	93.354	−0.017%	$115.0M	$315.5M	50x	as long as short
Derive HYPE-PERP	+0.0065%	1h	93.316	−0.058%	$16.2M	$7.6M	10x	as long as short
Aevo HYPE-PERPlong	+0.0088%	1h	93.370	long leg	$397K	$177K	20x
Lighter HYPE	+0.0096%	1h	93.239	−0.141%	$16.4M	$62.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.236	−0.144%	$3.1M	$11.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.294	−0.082%	$65K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.271	−0.107%	$339K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.290	−0.086%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.305	−0.069%	$6.6M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.384	+0.015%	$2.04B	$675.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.269	−0.108%	$10.0M	$14.7M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.404	+0.036%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.306	−0.069%	$46.0M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.370	0.000%	$225.9M	$100.7M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.241	−0.139%	$30.9M	$55.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.420	+0.053%	$7.5M	$47.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.381	+0.012%	$337K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.282	−0.094%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.312	−0.062%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.306	−0.069%	$467K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.280	−0.097%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.356	−0.015%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.352	−0.020%	$18.4M	$44.4M	50x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0136%	1h	93.260	−0.118%	$4.9M	$5.5M	50x
Injective HYPE/USDC PERP	+0.0137%	1h	93.130	−0.257%	$30K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0175%	4h	93.407	+0.039%	$17.0M	$12.1M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.298	−0.077%	$2.7M	$6.7M	20x	as long as short
HTX HYPE-USDT	+0.0251%	4h	93.350	−0.022%	$1.4M	$6.1M	75x	as long as short
Reya HYPERUSDPERP	+0.0254%	1h	93.281	−0.096%	$79K	$142K	15x	as long as short
Kalshi KXHYPEPERP	+0.0260%	8h	93.346	−0.026%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0158%	1h	93.329	−0.044%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0585%	1h	93.470	+0.107%	$7.5M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0682%	1h	93.444	+0.079%	$20.8M	$30.0M	50x	as long as short