HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.030%

Price spread now: Hyperliquid against Aevo+0.053%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$990.990% of the position

Long on Aevo Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.053%, 7d avg +0.050%

Together, before fees+0.053%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	94.667	0.0104	pay 0.0013% / 1h	56m 28s	$400K	$153K	20x
Short	Hyperliquid HYPE	94.717	0.0100	get 0.0013% / 1h	56m 28s	$2.08B	$690.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$0.84
Price spread: +0.053% → +0.050%: $0.29
Slippage, 4 orders: −$74.02
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$99.57
Costs to cover: 0.990%
Break-even: never at this rate

Slippage from Aevo: live order book, 43 min ago; Hyperliquid: live order book, 8 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, 43 min ago	35.01 bp	43.2 bp −$43	43.2 bp −$432	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	0.05 bp	4.6 bp −$5	5.7 bp −$57	doesn't fit	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	−0.1448%	1h	94.686	+0.020%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0328%	1h	94.533	−0.142%	$80K	$151K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0253%	1h	94.600	−0.071%	$22K	$20K	10x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.634	−0.035%	$1.0M	$3.5M	10x	as long as short
Bullet HYPE-USD	−0.0097%	1h	94.571	−0.102%	$112K	$575K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.668	+0.001%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0074%	1h	94.630	−0.039%	$714K	$1.2M	10x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	94.630	−0.039%	$87K	$364K	20x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.772	+0.110%	$20.3M	$30.3M	50x	as long as short
Phemex HYPEUSDT	−0.0046%	8h	94.697	+0.032%	$12.9M	$2.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0006%	4h	94.575	−0.097%	$147K	$686K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.744	+0.081%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.848	+0.191%	$1.9M	$5.5M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.723	+0.059%	$210K	$1.2M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.648	−0.020%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.597	−0.074%	$124K	—	150x	as long as short
Bitget HYPEUSDT	+0.0014%	4h	94.580	−0.092%	$226.9M	$100.5M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.700	+0.035%	$4.7M	$6.2M	50x	as long as short
Derive HYPE-PERP	+0.0022%	1h	94.691	+0.025%	$16.4M	$7.4M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0049%	8h	94.758	+0.096%	$339K	$154K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0063%	8h	94.561	−0.112%	$117.9M	$326.4M	50x	as long as short
Vest HYPE-PERP	+0.0073%	1h	94.718	+0.054%	—	$190K	5x	as long as short
Lighter HYPE	+0.0080%	1h	94.710	+0.045%	$16.3M	$61.7M	20x	as long as short
edgeX HYPEUSDC	+0.0092%	4h	94.580	−0.092%	$5.0M	$30.6M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.712	+0.047%	$3.2M	$10.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.613	−0.057%	$121K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.640	−0.029%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.635	−0.034%	$7.3M	$53.0M	10x	as long as short
Hyperliquid HYPEshort	+0.0100%	1h	94.717	+0.053%	$2.08B	$690.3M	10x
Aster HYPEUSDT	+0.0100%	4h	94.612	−0.058%	$9.6M	$37.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.742	+0.079%	$10.2M	$14.8M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.597	−0.074%	$379.9M	$934.1M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	94.570	−0.103%	$317.8M	$288.3M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.685	+0.018%	$219K	$12K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.564	−0.109%	$50.7M	$53.6M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.606	−0.065%	$93.4M	$84.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.595	−0.076%	$46.9M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.576	−0.096%	—	$53.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.701	+0.036%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.532	−0.142%	$29.7M	$55.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.625	−0.045%	$7.6M	$44.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.574	−0.098%	$351K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.715	+0.051%	$696K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.705	+0.040%	$499K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.831	+0.173%	$33K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.730	+0.066%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.853	+0.196%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.612	−0.058%	$18.4M	$43.1M	50x	as long as short
Aevo HYPE-PERPlong	+0.0104%	1h	94.667	long leg	$400K	$153K	20x
RISEx HYPE/USDC	+0.0133%	1h	94.655	−0.013%	$3.2M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	94.840	+0.183%	$31K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.574	−0.098%	$83K	$118K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0288%	1h	94.820	+0.161%	$7.5M	$4.4M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0326% / S −0.0152%	1h	94.636	−0.033%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.728	+0.064%	$15.8M	$12.4M	75x	as long as short