HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h −0.002%

Price spread now: Coinbase International against Bullet+0.081%7-day average −0.035% · 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−$20as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Bullet Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.122%−$12 on $10k

Price spread, last 3 days (all we have)−0.143%−$14 · spread now +0.081%, 7d avg −0.035%

Together, before fees−0.265%−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.116% dearer against Bullet than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.035%. Mind the row above: over the last 3 days funding on this pair cost −0.122%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet HYPE-USD	93.225	0.0071	pay 0.0009% / 1h	53m 03s	$111K	$577K	20x
Short	Coinbase International HYPE-PERP-INTX	93.300	0.0176	get 0.0022% / 1h	53m 03s	$4.9M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bullet. 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 BulletbpFee Coinbase InternationalbpOrdersPrice spread, now +0.081%Rate

Funding earned: $22.07
Price spread: +0.081% → −0.035%: $11.63
Slippage, 4 orders: −$13.92
Fee Bullet: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $1.78
Costs to cover: 0.319%
Break-even: 6.4 days

Slippage from Bullet: live order book, 11 min ago; Coinbase International: live order book, 1 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 Bullet live order book, 11 min ago	0.48 bp	6.0 bp −$6	12.1 bp −$121	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	3.22 bp	9.9 bp −$10	14.4 bp −$144	33.5 bp −$3,346	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	−0.1144%	1h	93.036	−0.202%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.028	−0.211%	$1.2M	$3.8M	10x	as long as short
Bluefin HYPE-PERP	−0.0253%	1h	93.228	+0.004%	$79K	$170K	20x	as long as short
ApeX Omni HYPEUSDT	−0.0172%	1h	93.008	−0.232%	$336K	$1.0M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.079	−0.156%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.194	−0.033%	$85K	$346K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0050%	4h	93.203	−0.023%	$156K	$639K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0031%	1h	93.000	−0.241%	$696K	$906K	10x	as long as short
Phemex HYPEUSDT	−0.0021%	8h	93.228	+0.004%	$12.6M	$2.7M	50x	as long as short
Aster HYPEUSDT	−0.0004%	4h	93.224	−0.001%	$8.8M	$35.3M	300x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USD	0.0000%	1h	93.147	−0.084%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.192	−0.035%	$22K	$321K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.226	+0.001%	$25K	—	150x	as long as short
Aftermath Perps HYPEUSD	+0.0006%	1h	93.183	−0.045%	$22K	$21K	10x	as long as short
BingX HYPE-USDT	+0.0008%	4h	93.267	+0.045%	—	$53.1M	—	as long as short
Bybit HYPEUSDT	+0.0016%	8h	93.260	+0.038%	$321.1M	$275.2M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.056	−0.181%	$210K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0028%	4h	93.258	+0.036%	$44.5M	$54.2M	75x	as long as short
Bullet HYPE-USDlong	+0.0071%	1h	93.225	long leg	$111K	$577K	20x
OKX HYPE-USDT-SWAP	+0.0078%	8h	93.262	+0.040%	$114.5M	$300.7M	50x	as long as short
MEXC HYPE_USDT	+0.0078%	4h	93.250	+0.027%	$87.7M	$79.9M	100x	as long as short
Binance HYPEUSDT	+0.0080%	4h	93.261	+0.039%	$378.8M	$872.2M	75x	as long as short
edgeX HYPEUSDC	+0.0081%	4h	93.009	−0.231%	$5.0M	$29.8M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.260	+0.038%	$16.3M	$61.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.245	+0.022%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.168	−0.061%	$68K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.175	−0.053%	$338K	$162K	20x	as long as short
Derive HYPE-PERP	+0.0099%	1h	93.221	−0.004%	$16.2M	$7.6M	10x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.130	−0.102%	$38K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.128	−0.103%	$5.7M	$43.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.315	+0.097%	$2.04B	$652.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.151	−0.079%	$10.0M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.252	+0.029%	$46.1M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.264	+0.042%	$225.7M	$96.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.221	−0.004%	$7.4M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.170	−0.059%	$31.0M	$54.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.978	−0.265%	$7.5M	$46.3M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.113	−0.120%	$664K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.198	−0.029%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.190	−0.037%	$474K	$2.4M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.266	+0.044%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.247	+0.024%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.998	−0.244%	$202K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.238	+0.015%	$18.3M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.242	+0.018%	$397K	$170K	20x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0176%	1h	93.300	+0.081%	$4.9M	$5.4M	50x
HTX HYPE-USDT	+0.0215%	4h	93.400	+0.188%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0257%	1h	93.160	−0.069%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0273%	8h	93.237	+0.013%	$1.9M	$4.8M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.221	−0.003%	$1.4M	—	100x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.252	+0.029%	$3.2M	$6.7M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.010	−0.230%	$30K	$338K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0522%	1h	93.345	+0.129%	$7.4M	$4.4M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0686%	1h	93.300	+0.081%	$20.8M	$29.9M	50x	as long as short