HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.038%

Price spread now: 01 Exchange against Coinbase International−0.074%7-day average +0.045% · 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−$50as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Coinbase International Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.074%, 7d avg +0.045%

Together, before fees+0.263%+$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: 01 Exchange is 0.119% cheaper against Coinbase International than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	95.110	−0.0064	get 0.0008% / 1h	29m 46s	$4.8M	$5.3M	50x
Short	01 Exchange HYPEUSD	95.040	−0.0056	pay 0.0007% / 1h	29m 46s	$102K	$351K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.074%Rate

Funding earned: $1.68
Price spread: −0.074% → +0.045%: −$11.87
Slippage, 4 orders: −$21.06
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$48.25
Costs to cover: 0.381%
Break-even: 208.1 days

Slippage from Coinbase International: live order book, 2 min ago; 01 Exchange: live order book, 12 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, 2 min ago	2.63 bp	8.1 bp −$8	12.3 bp −$123	32.0 bp −$3,204	doesn't fit
Sell 01 Exchange live order book, 12 min ago	0.37 bp	10.0 bp −$10	22.5 bp −$225	doesn't fit	doesn't fit

HYPE on 54 exchanges

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
Kraken Futures PF_HYPEUSD	−0.0281%	1h	95.066	−0.046%	$18.2M	$31.8M	50x	as long as short
Phemex HYPEUSDT	−0.0246%	8h	95.029	−0.085%	$13.0M	$2.2M	50x	as long as short
Bluefin HYPE-PERP	−0.0209%	1h	94.994	−0.122%	$79K	$131K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0130%	1h	95.100	−0.011%	$678K	$1.2M	10x	as long as short
Aster HYPEUSDT	−0.0106%	4h	95.067	−0.045%	$8.9M	$34.0M	300x	as long as short
Orderly PERP_HYPE_USDC	−0.0078%	4h	95.016	−0.099%	$147K	$639K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0069%	1h	95.202	+0.097%	$22K	$17K	10x	as long as short
Gate HYPE_USDT	−0.0064%	4h	95.078	−0.034%	$56.4M	$53.0M	75x	as long as short
Coinbase International HYPE-PERP-INTXlong	−0.0064%	1h	95.110	long leg	$4.8M	$5.3M	50x
01 Exchange HYPEUSDshort	−0.0056%	1h	95.040	−0.074%	$102K	$351K	20x

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX HYPE-USDT-SWAP	−0.0050%	8h	95.098	−0.013%	$118.8M	$301.9M	50x	as long as short
Lighter HYPE	−0.0040%	1h	95.084	−0.027%	$16.6M	$55.6M	20x	as long as short
Bitget HYPEUSDT	−0.0024%	4h	95.110	0.000%	$230.0M	$86.2M	75x	as long as short
Phoenix HYPE	−0.0017%	1h	95.395	+0.300%	$197K	$1.1M	10x	as long as short
Bullet HYPE-USD	−0.0012%	1h	95.043	−0.070%	$113K	$583K	20x	as long as short
Perpl HYPE	0.0000%	43m	95.085	−0.026%	$24K	$248K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.080	−0.032%	$99K	—	150x	as long as short
Backpack HYPE_USDC_PERP	+0.0019%	1h	95.014	−0.101%	$6.8M	$12.3M	20x	as long as short
edgeX HYPEUSDC	+0.0026%	4h	95.267	+0.165%	$5.1M	$28.2M	30x	as long as short
MEXC HYPE_USDT	+0.0034%	4h	95.090	−0.021%	$88.9M	$83.5M	100x	as long as short
Binance HYPEUSDT	+0.0034%	4h	95.106	−0.004%	$384.4M	$842.7M	75x	as long as short
Bybit HYPEUSDT	+0.0036%	8h	95.105	−0.005%	$321.6M	$261.5M	75x	as long as short
BingX HYPE-USDT	+0.0038%	4h	95.077	−0.035%	—	$51.1M	—	as long as short
dYdX HYPE-USD	+0.0039%	1h	95.114	+0.005%	$128K	$96K	5x	as long as short
Derive HYPE-PERP	+0.0040%	1h	94.995	−0.120%	$16.4M	$6.2M	10x	as long as short
KuCoin HYPEUSDTM	+0.0066%	4h	95.085	−0.026%	$47.7M	$17.7M	75x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	95.038	−0.075%	$402K	$115K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	95.113	+0.003%	$339K	$30K	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.103	−0.007%	$3.3M	$9.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	95.044	−0.069%	$292K	$1.0M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.030	−0.084%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.085	−0.026%	$6.9M	$49.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.160	+0.053%	$2.11B	$631.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.132	+0.023%	$10.2M	$12.7M	20x	as long as short
Arcus HYPE-USD	+0.0100%	1h	95.132	+0.023%	$1.1M	$2.8M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.309	+0.209%	$229K	$20K	10x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.158	+0.050%	$30.1M	$52.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.341	+0.243%	$7.7M	$41.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.280	+0.179%	$324K	$918K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.203	+0.098%	$692K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	95.143	+0.034%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.066	−0.046%	$492K	$2.3M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.090	−0.021%	$32K	$1.3M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.038	−0.076%	$2.1M	$332K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.152	+0.044%	$1.4M	$5.1M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.008	−0.107%	$18.2M	$36.8M	50x	as long as short
Kalshi KXHYPEPERP	+0.0132%	8h	95.147	+0.039%	$1.8M	$5.0M	2.3x	as long as short
RISEx HYPE/USDC	+0.0138%	1h	95.076	−0.036%	$3.1M	$5.0M	20x	as long as short
BloFin HYPE-USDT	+0.0158%	4h	95.183	+0.077%	$17.5M	$11.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0160%	1h	95.124	+0.015%	$7.6M	$4.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0267%	1h	95.015	−0.100%	$85K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0327% / S −0.0152%	1h	95.073	−0.039%	$1.4M	—	100x	as long as short
Hibachi HYPE/USDT-P	+0.0840%	1h	95.235	+0.132%	$215K	$282K	7x	as long as short
Injective HYPE/USDC PERP	+0.1234%	1h	95.420	+0.326%	$31K	$334K	12x	as long as short