HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0231%/8h= −25.3% APRnext payment −$0.29 per $10,000 · paid last 24h −0.052%

Price spread now: Arcus against ApeX Omni+0.056%53s7-day average −0.040% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.248% of the position

Long on ApeX Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.071%−$7 on $10k

Price spread, last 3 days (all we have)−0.226%−$23 · spread now +0.056%, 7d avg −0.040%

Together, before fees−0.296%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.096% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.040%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 3 days (−0.071% in total) that is about 4.6 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.071% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 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	ApeX Omni HYPEUSDT	93.303	0.0100	pay 0.0013% / 1h	6m 24s	$415K	$1.0M	50x
Short	Arcus HYPE-USD	93.355	−0.0131	pay 0.0016% / 1h	6m 24s	$1.2M	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against ApeX Omni. 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 ApeX OmnibpFee ArcusbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$48.49
Price spread: +0.056% → −0.040%: $9.6
Slippage, 4 orders: −$10.29
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$63.69
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 3 min ago; Arcus: live order book, 3 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 ApeX Omni live order book, 3 min ago	2.04 bp	7.2 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell Arcus live order book, 3 min ago	0.59 bp	3.4 bp −$3	5.9 bp −$59	26.7 bp −$2,671	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
Aftermath Perps HYPEUSD	−0.0475%	1h	93.295	−0.009%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0416%	1h	93.238	−0.070%	$197K	$229K	7x	as long as short
Arcus HYPE-USDshort	−0.0131%	1h	93.355	+0.056%	$1.2M	$3.9M	10x
Ondo Perps HYPE-USD.P	−0.0129%	1h	93.160	−0.153%	$699K	$894K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.346	+0.046%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	93.463	+0.171%	$91K	$358K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.390	+0.093%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.394	+0.098%	$23K	$330K	10x	as long as short
Aster HYPEUSDT	+0.0002%	4h	93.424	+0.130%	$8.9M	$35.7M	300x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.460	+0.168%	$27K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex HYPEUSDT	+0.0008%	1h	93.431	+0.137%	$58K	$1.2M	50x	as long as short
Orderly PERP_HYPE_USDC	+0.0016%	4h	93.429	+0.135%	$176K	$524K	20x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.410	+0.115%	$323.6M	$282.3M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.306	+0.003%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0054%	1h	93.434	+0.140%	$112K	$577K	20x	as long as short
MEXC HYPE_USDT	+0.0060%	4h	93.438	+0.145%	$90.3M	$82.4M	100x	as long as short
Binance HYPEUSDT	+0.0061%	4h	93.436	+0.142%	$383.5M	$886.3M	75x	as long as short
Derive HYPE-PERP	+0.0061%	1h	93.381	+0.084%	$16.3M	$7.0M	10x	as long as short
Gate HYPE_USDT	+0.0062%	4h	93.416	+0.121%	$44.1M	$58.8M	75x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	93.250	−0.057%	$5.1M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.455	+0.163%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.421	+0.126%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.434	+0.140%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.417	+0.123%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.390	+0.093%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.430	+0.137%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.448	+0.156%	$2.03B	$661.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.431	+0.137%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.406	+0.110%	$114.3M	$312.6M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.442	+0.149%	$47.1M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.438	+0.145%	$226.7M	$102.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.425	+0.131%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.331	+0.030%	$7.8M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.212	−0.097%	$30.8M	$51.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.317	+0.015%	$7.5M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDTlong	+0.0100%	1h	93.303	long leg	$415K	$1.0M	50x
StandX HYPE-USD	+0.0100%	1h	93.230	−0.078%	$674K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.422	+0.128%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.448	+0.155%	$494K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.437	+0.144%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.482	+0.192%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.417	+0.122%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.234	−0.074%	$12.7M	$2.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.280	−0.025%	$204K	$8K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.398	+0.101%	$18.2M	$41.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0118%	8h	93.272	−0.033%	$1.9M	$5.2M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.490	+0.200%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0220%	4h	93.369	+0.071%	$1.5M	$7.7M	75x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.530	+0.243%	$30K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0243%	4h	93.225	−0.084%	$16.9M	$12.4M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	93.426	+0.132%	$77K	$159K	15x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.477	+0.187%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	93.453	+0.161%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0371%	1h	93.517	+0.229%	$7.4M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0464%	1h	93.534	+0.248%	$20.9M	$28.9M	50x	as long as short