HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.013%

Price spread now: SunX against Bitget−0.112%50s7-day average +0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

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

costs, in and out, $10k−$740.740% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.203%+$20 · spread now −0.112%, 7d avg +0.079%

Together, before fees+0.273%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.190% cheaper against Bitget than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of +0.079%). If the spread goes back, that is −$19 on $10k: about 13 days of funding at the current rate (+$2 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HYPEUSDT	95.048	0.0050	pay 0.0025% / 4h	2h 59m	$228.4M	$93.3M	75x
Short	SunX HYPE-USDT	94.942	0.0100	get 0.0050% / 4h	2h 59m	$32K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.112%Rate

Funding earned: $10.5
Price spread: −0.112% → +0.079%: −$19.03
Slippage, 4 orders: −$54.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$82.54
Costs to cover: 0.740%
Break-even: 62.0 days

Slippage from Bitget: live order book, 5 min ago; SunX: live order book, 5 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, 5 min ago	0.31 bp	9.0 bp −$9	14.2 bp −$142	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	19.34 bp	32.7 bp −$33	doesn't fit	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	−0.1064%	1h	94.977	−0.075%	$211K	$265K	7x	as long as short
Bluefin HYPE-PERP	−0.0548%	1h	95.034	−0.015%	$79K	$148K	20x	as long as short
01 Exchange HYPEUSD	−0.0224%	1h	95.071	+0.024%	$91K	$354K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0212%	1h	95.177	+0.136%	$22K	$19K	10x	as long as short
Bullet HYPE-USD	−0.0208%	1h	95.077	+0.030%	$112K	$580K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0190%	1h	95.020	−0.029%	$695K	$1.3M	10x	as long as short
Phemex HYPEUSDT	−0.0181%	8h	95.030	−0.019%	$13.0M	$2.8M	50x	as long as short
Arcus HYPE-USD	−0.0159%	1h	95.026	−0.023%	$1.0M	$3.1M	10x	as long as short
dYdX HYPE-USD	−0.0096%	1h	95.080	+0.033%	$130K	$93K	5x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.045	−0.003%	$3K	$331	25x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0078%	4h	95.056	+0.008%	$53.1M	$53.5M	75x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	95.076	+0.029%	$18.8M	$35.7M	50x	as long as short
Vest HYPE-PERP	−0.0038%	1h	95.094	+0.049%	—	$88K	5x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	95.040	−0.008%	$148K	$669K	20x	as long as short
Bybit HYPEUSDT	−0.0005%	8h	95.056	+0.008%	$319.7M	$282.8M	75x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.120	+0.076%	$1.8M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	95.025	−0.024%	$19K	$272K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.100	+0.055%	$86K	—	150x	as long as short
BingX HYPE-USDT	+0.0004%	4h	95.049	+0.001%	—	$50.5M	—	as long as short
Phoenix HYPE	+0.0008%	1h	95.157	+0.115%	$203K	$1.0M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	95.140	+0.097%	$4.7M	$5.7M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0027%	8h	95.012	−0.038%	$118.7M	$321.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0041%	8h	95.060	+0.013%	$340K	$38K	20x	as long as short
Bitget HYPEUSDTlong	+0.0050%	4h	95.048	long leg	$228.4M	$93.3M	75x
Backpack HYPE_USDC_PERP	+0.0052%	1h	95.020	−0.029%	$7.4M	$10.2M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0060%	1h	95.082	+0.036%	$499K	$2.6M	20x	as long as short
SoDEX HYPE-USD	+0.0065%	1h	95.065	+0.018%	$2.1M	$1.5M	10x	as long as short
Aster HYPEUSDT	+0.0069%	4h	95.054	+0.006%	$9.0M	$36.4M	300x	as long as short
edgeX HYPEUSDC	+0.0087%	4h	95.022	−0.027%	$5.0M	$31.1M	30x	as long as short
Lighter HYPE	+0.0096%	1h	95.024	−0.025%	$16.2M	$60.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.031	−0.018%	$3.2M	$9.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	95.070	+0.023%	$266K	$1.3M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0097%	1h	95.153	+0.110%	$7.5M	$4.4M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.030	−0.019%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.007	−0.043%	$7.3M	$55.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.169	+0.128%	$2.10B	$674.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.060	+0.013%	$10.2M	$14.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	95.038	−0.011%	$381.9M	$908.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.176	+0.135%	$222K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.018	−0.032%	$87.0M	$84.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.015	−0.035%	$47.4M	$18.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.987	−0.064%	$30.1M	$55.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.063	+0.016%	$7.7M	$43.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.023	−0.026%	$348K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.056	+0.008%	$691K	$2.7M	20x	as long as short
SunX HYPE-USDTshort	+0.0100%	4h	94.942	−0.112%	$32K	$1.5M	20x
HTX HYPE-USDT	+0.0100%	4h	95.145	+0.102%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.029	−0.020%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.055	+0.007%	$402K	$136K	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.480	+0.455%	$31K	$340K	12x	as long as short
RISEx HYPE/USDC	+0.0166%	1h	95.045	−0.003%	$3.2M	$6.2M	20x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.988	−0.063%	$85K	$93K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.106	+0.061%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.018	−0.032%	$17.2M	$12.2M	75x	as long as short