HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0525%/8h= −57.4% APRnext payment −$0.66 per $10,000 · paid last 24h −0.035%

Price spread now: Aftermath Perps against Coinbase International−0.152%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Aftermath Perps is 0.152% cheaper against Coinbase International than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	93.500	0.0144	pay 0.0018% / 1h	35m 14s	$4.8M	$5.6M	50x
Short	Aftermath Perps HYPEUSD	93.358	−0.0381	pay 0.0048% / 1h	35m 14s	$22K	$21K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Coinbase International. 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 Coinbase InternationalbpFee Aftermath PerpsbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$110.15
Price spread: −0.152% → 0.000%: −$15.16
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$144.31
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 4 min ago; Aftermath Perps: 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 Coinbase International live order book, 4 min ago	3.22 bp	9.3 bp −$9	14.5 bp −$145	38.6 bp −$3,857	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 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	−0.1664%	1h	93.244	−0.273%	$196K	$234K	7x	as long as short
Aftermath Perps HYPEUSDshort	−0.0381%	1h	93.358	−0.152%	$22K	$21K	10x
Hotstuff HYPE-PERP	−0.0080%	1h	93.469	−0.033%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0071%	1h	93.494	−0.006%	$112K	$578K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0022%	4h	93.508	+0.009%	$146K	$662K	20x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	93.505	+0.005%	$88K	$366K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.465	−0.038%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.487	−0.014%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.534	+0.036%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.447	−0.057%	$1.0M	$4.0M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0016%	4h	93.496	−0.004%	$226.0M	$98.9M	75x	as long as short
Bybit HYPEUSDT	+0.0021%	8h	93.483	−0.018%	$317.7M	$283.7M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0022%	1h	93.430	−0.075%	$702K	$1.2M	10x	as long as short
Phoenix HYPE	+0.0026%	1h	93.434	−0.071%	$209K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0033%	8h	93.518	+0.019%	$12.6M	$2.7M	50x	as long as short
edgeX HYPEUSDC	+0.0094%	4h	93.304	−0.209%	$5.0M	$30.0M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.500	0.000%	$340K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.527	+0.029%	$16.1M	$63.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.528	+0.030%	$3.1M	$11.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.479	−0.022%	$76K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.450	−0.053%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.470	−0.032%	$8.0M	$48.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.516	+0.017%	$2.04B	$668.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.514	+0.015%	$8.7M	$36.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.504	+0.004%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.525	+0.027%	$374.7M	$913.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.491	−0.010%	$114.6M	$310.2M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.509	+0.010%	$46.8M	$54.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.514	+0.015%	$90.0M	$80.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.489	−0.012%	$46.2M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.513	+0.014%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.484	−0.017%	$7.3M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.351	−0.160%	$28.6M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.365	−0.144%	$7.5M	$47.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.331	−0.181%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.336	−0.175%	$668K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.522	+0.024%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.512	+0.013%	$484K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.516	+0.017%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.496	−0.005%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.475	−0.027%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.523	+0.025%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.600	+0.107%	$1.4M	$6.5M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.344	−0.167%	$215K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.488	−0.013%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.520	+0.021%	$395K	$161K	20x	as long as short
Kalshi KXHYPEPERP	+0.0112%	8h	93.541	+0.044%	$1.8M	$5.7M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.350	−0.160%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0144%	1h	93.500	long leg	$4.8M	$5.6M	50x
Reya HYPERUSDPERP	+0.0269%	1h	93.495	−0.006%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.526	+0.028%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.516	+0.017%	$16.9M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0340%	1h	93.596	+0.103%	$20.9M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0509%	1h	93.608	+0.116%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.541	+0.044%	$3.2M	$6.2M	20x	as long as short