HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h −0.002%

Price spread now: ApeX Omni against Coinbase International−0.079%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Coinbase International Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.079%, 7d avg +0.020%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.099% cheaper against Coinbase International than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.098%, 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	Coinbase International HYPE-PERP-INTX	93.710	0.0120	pay 0.0015% / 1h	44m 53s	$4.7M	$6.1M	50x
Short	ApeX Omni HYPEUSDT	93.636	0.0100	get 0.0013% / 1h	44m 53s	$347K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.079%Rate

Funding earned: −$4.2
Price spread: −0.079% → +0.020%: −$9.89
Slippage, 4 orders: −$15.81
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$49.91
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; ApeX Omni: live order book, 4 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 Coinbase International live order book, 4 min ago	2.67 bp	8.4 bp −$8	13.3 bp −$133	35.3 bp −$3,525	doesn't fit
Sell ApeX Omni live order book, 4 min ago	2.62 bp	9.3 bp −$9	12.3 bp −$123	doesn't fit	doesn't fit

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	−0.1088%	1h	93.517	−0.206%	$198K	$242K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0220%	1h	93.739	+0.031%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0125%	1h	93.570	−0.149%	$705K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.575	−0.144%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0069%	1h	93.684	−0.028%	$111K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.558	−0.162%	$86K	$370K	20x	as long as short
Bluefin HYPE-PERP	−0.0044%	1h	93.652	−0.062%	$79K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0020%	4h	93.635	−0.080%	$145K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.608	−0.109%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.631	−0.084%	$20K	$290K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.706	−0.005%	$63K	—	150x	as long as short
BingX HYPE-USDT	+0.0006%	4h	93.616	−0.100%	—	$53.7M	—	as long as short
Bybit HYPEUSDT	+0.0007%	8h	93.604	−0.113%	$316.2M	$288.5M	75x	as long as short
Phoenix HYPE	+0.0017%	1h	93.654	−0.060%	$209K	$1.1M	10x	as long as short
Derive HYPE-PERP	+0.0024%	1h	93.623	−0.093%	$16.3M	$7.4M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.633	−0.082%	$225.7M	$99.7M	75x	as long as short
Phemex HYPEUSDT	+0.0079%	8h	93.689	−0.022%	$12.8M	$2.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0081%	8h	93.579	−0.140%	$334K	$161K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.520	−0.203%	$1.0M	$4.0M	10x	as long as short
edgeX HYPEUSDC	+0.0087%	4h	93.627	−0.088%	$5.0M	$30.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.672	−0.041%	$16.2M	$63.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.684	−0.028%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.591	−0.127%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.550	−0.171%	$22K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.639	−0.076%	$7.4M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.753	+0.046%	$2.05B	$683.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.619	−0.097%	$8.8M	$37.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.584	−0.134%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.654	−0.059%	$375.3M	$931.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.609	−0.108%	$115.7M	$316.3M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.611	−0.106%	$48.3M	$55.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.627	−0.089%	$90.0M	$83.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.623	−0.093%	$46.3M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.685	−0.027%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.579	−0.140%	$28.6M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.664	−0.049%	$7.5M	$48.2M	10x	as long as short
ApeX Omni HYPEUSDTshort	+0.0100%	1h	93.636	−0.079%	$347K	$1.0M	50x
StandX HYPE-USD	+0.0100%	1h	93.613	−0.104%	$678K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.672	−0.040%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.657	−0.057%	$470K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.743	+0.035%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.680	−0.032%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.802	+0.098%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.731	+0.022%	$216K	$15K	10x	as long as short
Kalshi KXHYPEPERP	+0.0102%	8h	93.683	−0.029%	$1.8M	$5.6M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.589	−0.129%	$18.2M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.681	−0.031%	$396K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0120%	1h	93.710	long leg	$4.7M	$6.1M	50x
Injective HYPE/USDC PERP	+0.0205%	1h	93.520	−0.203%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.643	−0.071%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.706	−0.004%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.686	−0.026%	$17.0M	$12.2M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0390%	1h	93.775	+0.069%	$7.4M	$4.2M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0415%	1h	93.763	+0.057%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.595	−0.123%	$3.2M	$6.4M	20x	as long as short