HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0066%/8h= −7.3% APRnext payment −$0.33 per $10,000 · paid last 24h −0.003%

Price spread now: BingX against Binance+0.017%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.017%, 7d avg −0.017%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.034% dearer against Binance than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.017%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.064% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HYPEUSDT	93.195	0.0078	pay 0.0039% / 4h	1h 59m	$379.0M	$875.2M	75x
Short	BingX HYPE-USDT	93.211	0.0012	get 0.0006% / 4h	1h 59m	—	$53.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$13.93
Price spread: +0.017% → −0.017%: $3.41
Slippage, 4 orders: −$1.01
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$31.52
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; BingX: live order book, 9 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 Binance live order book, 15 min ago	0.05 bp	5.3 bp −$5	7.7 bp −$77	15.6 bp −$1,564	31.7 bp −$15.9K
Sell BingX live order book, 9 min ago	0.11 bp	5.1 bp −$5	6.9 bp −$69	9.4 bp −$938	14.2 bp −$7,117

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	−0.1128%	1h	93.185	−0.011%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.097	−0.105%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0254%	1h	93.090	−0.113%	$698K	$903K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.198	+0.003%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.205	+0.011%	$84K	$346K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0052%	4h	93.146	−0.053%	$155K	$640K	20x	as long as short
Phemex HYPEUSDT	−0.0045%	8h	93.193	−0.002%	$12.6M	$2.7M	50x	as long as short
Aster HYPEUSDT	−0.0006%	4h	93.190	−0.005%	$8.8M	$35.4M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.189	−0.006%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.196	+0.001%	$22K	$321K	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.208	+0.014%	$25K	—	150x	as long as short
Aftermath Perps HYPEUSD	+0.0008%	1h	93.363	+0.180%	$22K	$21K	10x	as long as short
Bybit HYPEUSDT	+0.0011%	8h	93.180	−0.016%	$319.6M	$275.9M	75x	as long as short
BingX HYPE-USDTshort	+0.0012%	4h	93.211	+0.017%	—	$53.2M	—
Gate HYPE_USDT	+0.0018%	4h	93.192	−0.003%	$44.4M	$54.0M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0023%	1h	93.134	−0.065%	$7.4M	$10.4M	20x	as long as short
Phoenix HYPE	+0.0060%	1h	93.318	+0.132%	$210K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0076%	8h	93.190	−0.005%	$114.4M	$300.5M	50x	as long as short
MEXC HYPE_USDT	+0.0078%	4h	93.202	+0.008%	$88.0M	$79.6M	100x	as long as short
Binance HYPEUSDTlong	+0.0078%	4h	93.195	long leg	$379.0M	$875.2M	75x
edgeX HYPEUSDC	+0.0083%	4h	93.256	+0.065%	$5.0M	$30.1M	30x	as long as short
Bluefin HYPE-PERP	+0.0085%	1h	93.109	−0.092%	$79K	$170K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.241	+0.049%	$16.3M	$61.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.232	+0.040%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.188	−0.008%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.263	+0.073%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.210	+0.016%	$12K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.201	+0.006%	$5.7M	$43.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.293	+0.105%	$2.04B	$658.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.243	+0.051%	$10.0M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.335	+0.150%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.211	+0.017%	$46.1M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.198	+0.003%	$225.5M	$96.7M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.219	+0.025%	$31.1M	$54.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.419	+0.240%	$7.5M	$46.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.263	+0.073%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.250	+0.059%	$665K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.252	+0.061%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.213	+0.019%	$474K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.190	−0.006%	$112K	$578K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.137	−0.062%	$16.2M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.253	+0.062%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.156	−0.042%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.178	−0.018%	$18.3M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.154	−0.044%	$396K	$172K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.200	+0.005%	$4.9M	$5.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	94.180	+1.057%	$31K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0204%	4h	93.350	+0.166%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0256%	1h	93.181	−0.015%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0278%	8h	93.241	+0.049%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.178	−0.018%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0372%	1h	93.248	+0.057%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.278	+0.089%	$3.2M	$6.7M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0684%	1h	93.244	+0.053%	$20.8M	$30.0M	50x	as long as short