HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.12 per $10,000 · paid last 24h +0.008%

Price spread now: Binance against Bitget+0.013%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.019%−$2 · spread now +0.013%, 7d avg +0.019%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HYPEUSDT	94.193	0.0100	pay 0.0050% / 4h	48m 37s	$228.1M	$102.7M	75x
Short	Binance HYPEUSDT	94.205	0.0076	get 0.0038% / 4h	48m 37s	$386.0M	$889.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.013%Rate

Funding earned: −$5.09
Price spread: +0.013% → +0.019%: −$0.64
Slippage, 4 orders: −$6.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.88
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; Binance: live order book, 10 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 Bitget live order book, 6 min ago	0.05 bp	9.6 bp −$10	12.2 bp −$122	15.1 bp −$1,506	doesn't fit
Sell Binance live order book, 10 min ago	0.05 bp	5.1 bp −$5	6.0 bp −$60	15.2 bp −$1,519	35.5 bp −$17.7K

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	−0.0608%	1h	94.035	−0.168%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0460%	1h	93.968	−0.239%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	94.106	−0.092%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.158	−0.037%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.189	−0.004%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.114	−0.084%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.180	−0.014%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	94.176	−0.018%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0013%	4h	94.134	−0.063%	$176K	$526K	20x	as long as short
Bybit HYPEUSDT	+0.0022%	8h	94.176	−0.018%	$324.9M	$281.3M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0040%	4h	94.196	+0.003%	$8.9M	$35.8M	300x	as long as short
Ondo Perps HYPE-USD.P	+0.0059%	1h	94.020	−0.184%	$704K	$907K	10x	as long as short
Phemex HYPEUSDT	+0.0062%	8h	94.101	−0.098%	$12.8M	$2.6M	50x	as long as short
01 Exchange HYPEUSD	+0.0072%	1h	94.204	+0.012%	$87K	$364K	20x	as long as short
MEXC HYPE_USDT	+0.0074%	4h	94.196	+0.003%	$88.2M	$80.9M	100x	as long as short
Binance HYPEUSDTshort	+0.0076%	4h	94.205	+0.013%	$386.0M	$889.2M	75x
Gate HYPE_USDT	+0.0076%	4h	94.194	+0.001%	$44.3M	$58.2M	75x	as long as short
Derive HYPE-PERP	+0.0095%	1h	94.085	−0.114%	$16.5M	$6.9M	10x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	94.085	−0.115%	$5.1M	$29.8M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.232	+0.042%	$19.1M	$59.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.225	+0.034%	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.193	0.000%	$64K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.195	+0.002%	$342K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.230	+0.039%	$30K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.194	+0.001%	$5.8M	$44.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.220	+0.029%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.184	−0.010%	$116.0M	$319.1M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.095	−0.104%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.211	+0.019%	$47.3M	$18.4M	75x	as long as short
Bitget HYPEUSDTlong	+0.0100%	4h	94.193	long leg	$228.1M	$102.7M	75x
BingX HYPE-USDT	+0.0100%	4h	94.178	−0.016%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.193	0.000%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.073	−0.127%	$32.2M	$53.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.128	−0.069%	$7.6M	$45.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.127	−0.070%	$336K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.143	−0.053%	$681K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.239	+0.049%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.231	+0.040%	$486K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	94.160	−0.035%	$113K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.128	−0.069%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.193	0.000%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.160	−0.035%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.090	−0.109%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.159	−0.037%	$18.7M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.166	−0.029%	$401K	$318K	20x	as long as short
Kalshi KXHYPEPERP	+0.0124%	8h	94.192	−0.001%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.190	−0.003%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0231%	4h	94.317	+0.132%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	94.202	+0.010%	$77K	$142K	15x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.249	+0.059%	$2.8M	$6.8M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0302%	1h	94.244	+0.054%	$7.4M	$4.5M	50x	as long as short
BloFin HYPE-USDT	+0.0303%	4h	94.117	−0.081%	$17.0M	$12.3M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0341% / S −0.0165%	1h	94.145	−0.051%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0576%	1h	94.256	+0.067%	$21.1M	$29.1M	50x	as long as short
Hyperliquid HYPE	+0.0714%	1h	94.302	+0.116%	$2.06B	$667.5M	10x	as long as short