HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.027%

Price spread now: Pacifica against dYdX+0.001%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$700.696% of the position

Long on dYdX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.001%, 7d avg +0.016%

Together, before fees+0.085%+ Points / potential airdropPacifica: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX HYPE-USD	93.276	0	get 0.0000% / 1h	18m 18s	$127K	$32K	5x
Short	Pacifica HYPE	93.277	0.0100	get 0.0013% / 1h	18m 18s	$10.0M	$14.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against dYdX. 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 dYdXbpFee PacificabpOrdersPrice spread, now +0.001%Rate

Funding earned: $21
Price spread: +0.001% → +0.016%: −$1.53
Slippage, 4 orders: −$51.56
Fee dYdX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$50.09
Costs to cover: 0.696%
Break-even: 23.7 days

Slippage from dYdX: live order book, 1 min ago; Pacifica: live order book, 6 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 dYdX live order book, 1 min ago	25.09 bp	30.1 bp −$30	42.5 bp −$425	480.5 bp −$48.0K	1639.4 bp −$819.7K
Sell Pacifica live order book, 6 min ago	0.32 bp	4.7 bp −$5	doesn't fit	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
Aftermath Perps HYPEUSD	−0.0438%	1h	93.164	−0.121%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0336%	1h	93.229	−0.050%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.190	−0.092%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0125%	1h	93.170	−0.114%	$699K	$929K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.245	−0.033%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	93.288	+0.013%	$90K	$361K	20x	as long as short
Popdex HYPEUSDT	−0.0008%	1h	93.257	−0.020%	$58K	$1.2M	50x	as long as short
dYdX HYPE-USDlong	0.0000%	1h	93.276	long leg	$127K	$32K	5x
Perpl HYPE	0.0000%	43m	93.250	−0.027%	$23K	$331K	10x	as long as short
Aster HYPEUSDT	0.0000%	4h	93.264	−0.013%	$8.9M	$35.9M	300x	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 −0.0001%	1h	93.289	+0.014%	$20K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0021%	4h	93.264	−0.013%	$172K	$518K	20x	as long as short
Bybit HYPEUSDT	+0.0021%	8h	93.233	−0.046%	$323.0M	$286.8M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.293	+0.018%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0040%	1h	93.247	−0.031%	$112K	$579K	20x	as long as short
Derive HYPE-PERP	+0.0047%	1h	93.208	−0.073%	$16.3M	$7.0M	10x	as long as short
Gate HYPE_USDT	+0.0056%	4h	93.250	−0.028%	$43.9M	$58.6M	75x	as long as short
Binance HYPEUSDT	+0.0066%	4h	93.252	−0.026%	$381.9M	$894.9M	75x	as long as short
MEXC HYPE_USDT	+0.0066%	4h	93.257	−0.020%	$90.3M	$82.2M	100x	as long as short
edgeX HYPEUSDC	+0.0079%	4h	93.210	−0.071%	$5.1M	$29.7M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.305	+0.031%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.285	+0.010%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.263	−0.014%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.266	−0.011%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.230	−0.049%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.245	−0.033%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.296	+0.022%	$2.03B	$669.3M	10x	as long as short
Pacifica HYPEshort	+0.0100%	1h	93.277	+0.001%	$10.0M	$14.4M	20x
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.249	−0.029%	$113.8M	$314.5M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.232	−0.047%	$204K	$8K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.266	−0.011%	$47.0M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.281	+0.005%	$226.1M	$103.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.249	−0.029%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.248	−0.030%	$7.8M	$11.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.153	−0.131%	$29.0M	$50.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.258	−0.019%	$7.5M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.262	−0.015%	$415K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.227	−0.052%	$674K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.279	+0.003%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.282	+0.006%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.260	−0.017%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.271	−0.005%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.263	−0.014%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.225	−0.055%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.244	−0.034%	$18.2M	$41.9M	50x	as long as short
Kalshi KXHYPEPERP	+0.0115%	8h	93.316	+0.043%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.300	+0.026%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0238%	4h	93.400	+0.133%	$1.5M	$7.7M	75x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.120	−0.167%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.250	−0.028%	$77K	$159K	15x	as long as short
BloFin HYPE-USDT	+0.0268%	4h	93.242	−0.036%	$16.8M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.290	+0.015%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.280	+0.005%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0393%	1h	93.355	+0.085%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.367	+0.097%	$20.9M	$29.0M	50x	as long as short