HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.09 per $10,000 · paid last 24h +0.021%

Price spread now: SoDEX against Coinbase International−0.029%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.134%+$13 on $10k

Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.029%, 7d avg +0.029%

Together, before fees+0.168%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.058% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.029%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.134%, 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	93.340	0.0176	pay 0.0022% / 1h	46m 01s	$4.9M	$5.7M	50x
Short	SoDEX HYPE-USD	93.313	0.0100	get 0.0013% / 1h	46m 01s	$2.0M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$15.96
Price spread: −0.029% → +0.029%: −$5.83
Slippage, 4 orders: −$13.97
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$53.76
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago	0.54 bp	8.6 bp −$9	14.1 bp −$141	38.0 bp −$3,802	doesn't fit
Sell SoDEX live order book, 3 min ago	0.22 bp	6.8 bp −$7	11.7 bp −$117	99.5 bp −$9,954	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
Aftermath Perps HYPEUSD	−0.0333%	1h	93.132	−0.223%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.200	−0.150%	$1.2M	$4.0M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0096%	1h	93.185	−0.166%	$197K	$231K	7x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.221	−0.127%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0027%	1h	93.120	−0.236%	$699K	$925K	10x	as long as short
01 Exchange HYPEUSD	−0.0008%	1h	93.260	−0.086%	$90K	$362K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.264	−0.082%	$127K	$32K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.404	+0.069%	$1.9M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.249	−0.097%	$23K	$331K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.325	−0.016%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0011%	4h	93.307	−0.035%	$8.9M	$36.0M	300x	as long as short
Derive HYPE-PERP	+0.0016%	1h	93.260	−0.086%	$16.3M	$7.1M	10x	as long as short
Popdex HYPEUSDT	+0.0016%	1h	93.227	−0.121%	$57K	$1.2M	50x	as long as short
Bybit HYPEUSDT	+0.0031%	8h	93.300	−0.043%	$324.2M	$286.9M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.178	−0.174%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0039%	4h	93.293	−0.050%	$170K	$521K	20x	as long as short
Gate HYPE_USDT	+0.0064%	4h	93.307	−0.035%	$43.7M	$57.7M	75x	as long as short
Bullet HYPE-USD	+0.0092%	1h	93.293	−0.050%	$112K	$579K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.364	+0.026%	$18.5M	$58.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.329	−0.012%	$3.0M	$12.1M	20x	as long as short
MEXC HYPE_USDT	+0.0098%	4h	93.309	−0.033%	$90.3M	$81.5M	100x	as long as short
Binance HYPEUSDT	+0.0098%	4h	93.307	−0.035%	$383.4M	$892.3M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.259	−0.087%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.230	−0.118%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.226	−0.122%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.344	+0.004%	$2.03B	$671.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.252	−0.095%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.297	−0.046%	$114.1M	$314.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.884	−0.488%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.296	−0.047%	$47.2M	$19.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.323	−0.018%	$226.2M	$102.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.308	−0.034%	—	$54.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.324	−0.017%	$7.9M	$11.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.887	−0.485%	$28.9M	$50.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.983	−0.383%	$7.5M	$45.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.003	−0.361%	$411K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.204	−0.146%	$674K	$2.5M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.273	−0.072%	$493K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.295	−0.048%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDshort	+0.0100%	1h	93.313	−0.029%	$2.0M	$2.0M	10x
Phemex HYPEUSDT	+0.0100%	8h	93.302	−0.041%	$12.7M	$2.6M	50x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.268	−0.077%	—	$454K	5x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.292	−0.051%	$18.3M	$42.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.317	−0.025%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	92.923	−0.446%	$5.0M	$29.5M	30x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0176%	1h	93.340	long leg	$4.9M	$5.7M	50x
Bluefin HYPE-PERP	+0.0230%	1h	93.323	−0.018%	$76K	$168K	20x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.170	−0.182%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0246%	1h	93.251	−0.096%	$78K	$158K	15x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.295	−0.048%	$2.8M	$6.8M	20x	as long as short
HTX HYPE-USDT	+0.0283%	4h	93.450	+0.118%	$1.5M	$7.7M	75x	as long as short
BloFin HYPE-USDT	+0.0338%	4h	93.191	−0.160%	$17.0M	$12.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0159%	1h	93.309	−0.034%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0382%	1h	93.409	+0.074%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.427	+0.093%	$20.8M	$28.6M	50x	as long as short