HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0230%/8h= +25.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.090%

Price spread now: Vest against Arcus+0.064%7-day average +0.043% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.454%+$45 · spread now +0.064%, 7d avg +0.043%

Together, before fees+0.461%+ Points / potential airdropVest: Active · farm board+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Vest is 0.021% dearer against Arcus than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.043%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.006% in total (about 0.6% 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 are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus HYPE-USD	94.992	−0.0130	get 0.0016% / 1h	49m 00s	$1.1M	$2.4M	10x
Short	Vest HYPE-PERP	95.053	0.0100	get 0.0013% / 1h	49m 00s	—	$80K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Arcus. 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 ArcusbpFee VestbpOrdersPrice spread, now +0.064%Rate

Funding earned: $48.34
Price spread: +0.064% → +0.043%: $2.05
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Vest: 1 bp × 2 orders: −$2
Net: $43.89
Costs to cover: 0.065%
Break-even: 0.6 days

Slippage unknown: Arcus: live order book, 3 min ago; Vest: no order-book sample. Net counts fees only.

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 Arcus live order book, 3 min ago	0.42 bp	3.1 bp −$3	5.6 bp −$56	21.5 bp −$2,155	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPE on 54 exchanges

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	−0.1088%	1h	95.235	+0.256%	$215K	$263K	7x	as long as short
Phemex HYPEUSDT	−0.0260%	8h	94.994	+0.002%	$12.9M	$2.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0252%	1h	94.957	−0.037%	$18.5M	$35.2M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0211%	1h	94.920	−0.076%	$689K	$1.2M	10x	as long as short
Lighter HYPE	−0.0184%	1h	94.933	−0.063%	$16.3M	$57.5M	20x	as long as short
Arcus HYPE-USDlong	−0.0130%	1h	94.992	long leg	$1.1M	$2.4M	10x
01 Exchange HYPEUSD	−0.0128%	1h	94.951	−0.043%	$96K	$338K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0124%	1h	95.188	+0.207%	$22K	$17K	10x	as long as short
Gate HYPE_USDT	−0.0096%	4h	94.940	−0.055%	$54.7M	$53.2M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.191	+0.209%	$3K	$331	25x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni HYPEUSDT	−0.0068%	1h	95.141	+0.157%	$342K	$887K	50x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.020	+0.029%	$4.7M	$5.5M	50x	as long as short
Bullet HYPE-USD	−0.0053%	1h	94.979	−0.014%	$113K	$581K	20x	as long as short
Popdex HYPEUSDT	−0.0048%	1h	94.962	−0.032%	$273K	$1.0M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0046%	4h	94.925	−0.071%	$147K	$643K	20x	as long as short
Aster HYPEUSDT	−0.0043%	4h	94.928	−0.068%	$8.9M	$32.7M	300x	as long as short
SoDEX HYPE-USD	−0.0018%	1h	94.950	−0.044%	$2.1M	$340K	10x	as long as short
OKX HYPE-USDT-SWAP	−0.0015%	8h	94.894	−0.103%	$118.8M	$302.4M	50x	as long as short
Phoenix HYPE	−0.0008%	1h	95.326	+0.352%	$199K	$1.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.991	−0.001%	$129K	$94K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.998	+0.006%	$24K	$250K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	0.0000%	1h	95.036	+0.046%	$7.5M	$4.3M	50x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.192	+0.210%	$100K	—	150x	as long as short
Bitget HYPEUSDT	+0.0016%	4h	94.902	−0.095%	$228.1M	$86.8M	75x	as long as short
Bybit HYPEUSDT	+0.0018%	8h	94.920	−0.076%	$319.7M	$265.5M	75x	as long as short
edgeX HYPEUSDC	+0.0072%	4h	95.113	+0.127%	$5.1M	$29.2M	30x	as long as short
Bluefin HYPE-PERP	+0.0073%	1h	94.979	−0.014%	$79K	$135K	20x	as long as short
Bulk HYPE-USD	+0.0074%	1h	95.269	+0.291%	$232K	$12K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0076%	8h	94.981	−0.012%	$339K	$34K	20x	as long as short
Binance HYPEUSDT	+0.0077%	4h	94.908	−0.088%	$381.5M	$851.4M	75x	as long as short
MEXC HYPE_USDT	+0.0082%	4h	94.929	−0.066%	$89.9M	$83.2M	100x	as long as short
StandX HYPE-USD	+0.0086%	1h	95.142	+0.158%	$692K	$2.7M	20x	as long as short
BingX HYPE-USDT	+0.0092%	4h	94.937	−0.058%	—	$49.4M	—	as long as short
Lighter RH HYPE	+0.0096%	1h	94.952	−0.042%	$3.4M	$10.1M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	94.980	−0.013%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.995	+0.003%	$7.3M	$51.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.061	+0.073%	$2.11B	$646.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.029	+0.039%	$10.2M	$13.2M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.961	−0.033%	$47.3M	$17.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.981	−0.012%	$7.3M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.111	+0.125%	$30.0M	$53.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.192	+0.211%	$7.7M	$39.2M	10x	as long as short
Vest HYPE-PERPshort	+0.0100%	1h	95.053	+0.064%	—	$80K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	94.995	+0.003%	$503K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.082	+0.095%	$33K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.043	+0.054%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.924	−0.072%	$18.4M	$39.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.942	−0.053%	$401K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0126%	8h	95.062	+0.074%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.008	+0.017%	$3.2M	$5.5M	20x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	95.108	+0.122%	$85K	$96K	15x	as long as short
BloFin HYPE-USDT	+0.0322%	4h	94.950	−0.044%	$17.4M	$11.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.199	+0.218%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.500	+0.535%	$31K	$334K	12x	as long as short