HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.027%

Price spread now: dYdX against Aevo−0.013%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$930.930% of the position

Long on Aevo Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 3 days (all we have)+0.029%+$3 · spread now −0.013%, 7d avg +0.001%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	93.936	0.0096	pay 0.0012% / 1h	18m 23s	$400K	$318K	20x
Short	dYdX HYPE-USD	93.923	0	get 0.0000% / 1h	18m 23s	$128K	$30K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$20.16
Price spread: −0.013% → +0.001%: −$1.48
Slippage, 4 orders: −$66.97
Fee Aevo: 8 bp × 2 orders: −$16
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$114.61
Costs to cover: 0.930%
Break-even: never at this rate

Slippage from Aevo: live order book, 61 min ago; dYdX: live order book, 61 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, 61 min ago	6.91 bp	17.9 bp −$18	21.8 bp −$218	25.5 bp −$2,545	doesn't fit
Sell dYdX live order book, 61 min ago	25.09 bp	30.1 bp −$30	72.2 bp −$722	306.1 bp −$30.6K	1561.5 bp −$780.8K

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	−0.1056%	1h	93.778	−0.168%	$198K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0405%	1h	93.752	−0.196%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.780	−0.166%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.887	−0.052%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0078%	1h	93.710	−0.240%	$704K	$913K	10x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.846	−0.095%	$86K	$368K	20x	as long as short
dYdX HYPE-USDshort	0.0000%	1h	93.923	−0.013%	$128K	$30K	5x
Perpl HYPE	0.0000%	43m	93.880	−0.059%	$23K	$329K	10x	as long as short
Orderly PERP_HYPE_USDC	0.0000%	4h	93.895	−0.043%	$168K	$586K	20x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.902	−0.036%	$26K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix HYPE	+0.0009%	1h	93.610	−0.347%	$216K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0019%	4h	93.906	−0.031%	$8.9M	$36.0M	300x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.880	−0.059%	$322.8M	$283.8M	75x	as long as short
Derive HYPE-PERP	+0.0030%	1h	93.878	−0.062%	$16.4M	$7.1M	10x	as long as short
MEXC HYPE_USDT	+0.0054%	4h	93.862	−0.078%	$88.7M	$82.0M	100x	as long as short
Phemex HYPEUSDT	+0.0054%	8h	93.913	−0.024%	$12.8M	$2.6M	50x	as long as short
Binance HYPEUSDT	+0.0059%	4h	93.880	−0.059%	$383.3M	$897.0M	75x	as long as short
edgeX HYPEUSDC	+0.0070%	4h	93.483	−0.482%	$5.1M	$29.7M	30x	as long as short
Gate HYPE_USDT	+0.0076%	4h	93.874	−0.066%	$44.1M	$59.8M	75x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	93.854	−0.087%	$59K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.927	−0.009%	$18.9M	$60.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.906	−0.031%	$3.0M	$12.3M	20x	as long as short
Aevo HYPE-PERPlong	+0.0096%	1h	93.936	long leg	$400K	$318K	20x
OKX HYPE-USDT-SWAP	+0.0098%	8h	93.880	−0.059%	$115.9M	$322.2M	50x	as long as short
Bullet HYPE-USD	+0.0098%	1h	93.870	−0.070%	$113K	$577K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.897	−0.041%	$341K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.830	−0.112%	$26K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.900	−0.037%	$5.7M	$44.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.899	−0.039%	$10.1M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.820	−0.123%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.868	−0.072%	$46.5M	$18.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.861	−0.079%	$227.3M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.870	−0.070%	—	$54.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.963	+0.029%	$7.9M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.672	−0.280%	$31.1M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.549	−0.412%	$7.5M	$45.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.489	−0.475%	$358K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.896	−0.042%	$679K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.900	−0.037%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.884	−0.055%	$471K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.929	−0.007%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.965	+0.031%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.928	−0.008%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.410	+0.505%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.848	−0.094%	$18.3M	$42.9M	50x	as long as short
Hyperliquid HYPE	+0.0114%	1h	93.919	−0.018%	$2.04B	$679.2M	10x	as long as short
Kalshi KXHYPEPERP	+0.0140%	8h	93.917	−0.020%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	93.980	+0.047%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0203%	4h	94.050	+0.122%	$1.5M	$7.8M	75x	as long as short
BloFin HYPE-USDT	+0.0222%	4h	93.922	−0.014%	$17.0M	$12.6M	75x	as long as short
Reya HYPERUSDPERP	+0.0249%	1h	93.843	−0.098%	$77K	$142K	15x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	93.921	−0.015%	$2.8M	$6.9M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0163%	1h	93.901	−0.036%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0346%	1h	94.019	+0.089%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0577%	1h	94.025	+0.096%	$21.0M	$29.5M	50x	as long as short