HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0455%/8h= +49.8% APRnext payment +$0.57 per $10,000 · paid last 24h +0.062%

Price spread now: RISEx against Aevo−0.056%7-day average +0.019% · 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−$400.395% of the position

Long on Aevo Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.137%+$14 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.056%, 7d avg +0.019%

Together, before fees+0.201%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.076% cheaper against Aevo than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.019%). If the spread goes back, that is −$8 on $10k: about 13 hours of funding at the current rate (+$14 a day). At the pace of the last 4 days (+0.137% in total) that is about 2.1 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.137% in total (about 13.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	94.412	0.0104	pay 0.0013% / 1h	14m 46s	$399K	$159K	20x
Short	RISEx HYPE/USDC	94.359	0.0559	get 0.0070% / 1h	14m 46s	$3.2M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.056%Rate

Funding earned: $95.56
Price spread: −0.056% → +0.019%: −$7.58
Slippage, 4 orders: −$17.5
Fee Aevo: 8 bp × 2 orders: −$16
Fee RISEx: 3 bp × 2 orders: −$6
Net: $48.47
Costs to cover: 0.395%
Break-even: 3.4 days

Slippage from Aevo: live order book, 29 min ago; RISEx: live order book, 4 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, 29 min ago	5.59 bp	16.6 bp −$17	23.3 bp −$233	27.6 bp −$2,763	doesn't fit
Sell RISEx live order book, 4 min ago	1.27 bp	4.3 bp −$4	6.6 bp −$66	doesn't fit	doesn't fit

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	−0.1112%	1h	94.144	−0.284%	$200K	$236K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0181%	1h	94.241	−0.181%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.262	−0.159%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0059%	1h	94.341	−0.075%	$112K	$579K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0054%	1h	94.230	−0.193%	$709K	$1.2M	10x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	94.319	−0.099%	$86K	$368K	20x	as long as short
Bluefin HYPE-PERP	−0.0018%	1h	94.319	−0.099%	$80K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0012%	4h	94.299	−0.120%	$146K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.284	−0.136%	$129K	$26K	5x	as long as short
Bybit HYPEUSDT	0.0000%	8h	94.300	−0.119%	$317.4M	$289.4M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXHYPEPERP	0.0000%	8h	94.399	−0.014%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.359	−0.056%	$19K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.343	−0.074%	$84K	—	150x	as long as short
Phoenix HYPE	+0.0017%	1h	94.307	−0.112%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0054%	4h	94.315	−0.103%	$227.3M	$99.4M	75x	as long as short
Phemex HYPEUSDT	+0.0054%	8h	94.271	−0.150%	$12.9M	$2.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0079%	8h	94.334	−0.083%	$337K	$156K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	94.277	−0.143%	$1.0M	$3.5M	10x	as long as short
edgeX HYPEUSDC	+0.0084%	4h	94.260	−0.161%	$5.0M	$30.7M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.327	−0.090%	$16.3M	$64.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.344	−0.072%	$3.2M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.298	−0.121%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.320	−0.098%	$17K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.355	−0.061%	$7.6M	$50.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.406	−0.007%	$2.08B	$688.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.337	−0.079%	$8.8M	$37.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.322	−0.096%	$10.2M	$15.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.325	−0.092%	$377.3M	$932.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.320	−0.098%	$116.1M	$319.1M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.310	−0.108%	$49.3M	$56.9M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.311	−0.107%	$90.2M	$85.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.314	−0.104%	$47.0M	$18.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.290	−0.130%	—	$53.6M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.340	−0.077%	$7.2M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.209	−0.216%	$29.1M	$55.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.298	−0.122%	$7.6M	$47.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.261	−0.160%	$363K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.278	−0.142%	$681K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.388	−0.026%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.357	−0.059%	$496K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.388	−0.026%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.332	−0.085%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.500	+0.093%	$1.4M	$6.8M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.275	−0.145%	$218K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.286	−0.134%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERPlong	+0.0104%	1h	94.412	long leg	$399K	$159K	20x
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	94.410	−0.002%	$4.7M	$6.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0022%	1h	94.369	−0.045%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.440	+0.029%	$31K	$339K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0248%	1h	94.424	+0.012%	$7.5M	$4.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.326	−0.091%	$78K	$129K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.317	−0.101%	$16.9M	$12.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0412%	1h	94.403	−0.010%	$20.2M	$30.4M	50x	as long as short
RISEx HYPE/USDCshort	+0.0559%	1h	94.359	−0.056%	$3.2M	$6.4M	20x