HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0101%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h +0.015%

Price spread now: Aevo against Derive+0.065%58s7-day average +0.033% · you sell dearer than you buy

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

Long on Derive Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.065%, 7d avg +0.033%

Together, before fees−0.010%−$1 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 Aevo is 0.032% dearer against Derive than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.033%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive HYPE-PERP	94.317	0.0003	pay 0.0000% / 1h	5m 54s	$16.4M	$7.5M	10x
Short	Aevo HYPE-PERP	94.379	0.0104	get 0.0013% / 1h	5m 54s	$399K	$159K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Derive. 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 DerivebpFee AevobpOrdersPrice spread, now +0.065%Rate

Funding earned: $21.18
Price spread: +0.065% → +0.033%: $3.17
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: $2.35
Costs to cover: 0.220%
Break-even: 6.2 days

Slippage unknown: Derive: no order-book sample; Aevo: live order book, 38 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Aevo live order book, 38 min ago	5.59 bp	14.3 bp −$14	17.1 bp −$171	21.1 bp −$2,111	doesn't fit

Derive: 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	−0.1128%	1h	94.272	−0.048%	$200K	$234K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0158%	1h	94.319	+0.002%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0097%	1h	94.310	−0.008%	$710K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.373	+0.059%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0066%	1h	94.278	−0.042%	$111K	$578K	20x	as long as short
01 Exchange HYPEUSD	−0.0048%	1h	94.351	+0.036%	$87K	$366K	20x	as long as short
Bluefin HYPE-PERP	−0.0044%	1h	94.207	−0.117%	$80K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0011%	4h	94.246	−0.076%	$146K	$685K	20x	as long as short
Bybit HYPEUSDT	−0.0006%	8h	94.180	−0.146%	$317.3M	$289.5M	75x	as long as short
BingX HYPE-USDT	−0.0004%	4h	94.173	−0.153%	—	$53.5M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USD	0.0000%	1h	94.405	+0.092%	$129K	$26K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.399	+0.087%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.421	+0.110%	$19K	$287K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.303	−0.015%	$117K	—	150x	as long as short
Derive HYPE-PERPlong	+0.0003%	1h	94.317	long leg	$16.4M	$7.5M	10x
Phoenix HYPE	+0.0017%	1h	94.223	−0.100%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0052%	4h	94.187	−0.138%	$226.7M	$99.9M	75x	as long as short
Phemex HYPEUSDT	+0.0053%	8h	94.294	−0.025%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0071%	8h	94.380	+0.067%	$337K	$156K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	94.328	+0.011%	$1.0M	$3.5M	10x	as long as short
edgeX HYPEUSDC	+0.0085%	4h	94.169	−0.157%	$5.0M	$30.7M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0094%	8h	94.229	−0.094%	$116.4M	$320.1M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.251	−0.071%	$16.3M	$64.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.264	−0.057%	$3.2M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.317	0.000%	$79K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.360	+0.045%	$15K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.315	−0.002%	$7.3M	$50.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.355	+0.040%	$2.07B	$688.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.225	−0.097%	$8.8M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.365	+0.051%	$10.2M	$15.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.179	−0.146%	$376.9M	$932.1M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.183	−0.143%	$217K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.249	−0.072%	$49.4M	$57.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.168	−0.158%	$89.8M	$85.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.234	−0.088%	$46.9M	$18.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.234	−0.088%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.138	−0.191%	$29.1M	$55.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.264	−0.057%	$7.6M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.207	−0.117%	$362K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.384	+0.071%	$682K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.403	+0.090%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.353	+0.038%	$496K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.380	+0.066%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.251	−0.070%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.437	+0.127%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.184	−0.142%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERPshort	+0.0104%	1h	94.379	+0.065%	$399K	$159K	20x
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	94.300	−0.018%	$4.7M	$6.2M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0142%	1h	94.331	+0.014%	$7.5M	$4.3M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0022%	1h	94.468	+0.159%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.310	−0.008%	$30K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.269	−0.051%	$83K	$134K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.367	+0.053%	$17.0M	$12.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0412%	1h	94.323	+0.006%	$20.2M	$30.3M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	94.355	+0.039%	$3.2M	$6.4M	20x	as long as short