HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h 0.000%

Price spread now: 01 Exchange against dYdX−0.042%7-day average +0.028% · 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−$82as in the Price arb table

costs, in and out, $10k−$750.747% of the position

Long on dYdX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.043%+$4 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.042%, 7d avg +0.028%

Together, before fees+0.194%+$19 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 01 Exchange is 0.070% cheaper against dYdX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX HYPE-USD	93.756	0	get 0.0000% / 1h	18m 59s	$129K	$31K	5x
Short	01 Exchange HYPEUSD	93.717	−0.0048	pay 0.0006% / 1h	18m 59s	$85K	$350K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.042%Rate

Funding earned: −$10.08
Price spread: −0.042% → +0.028%: −$7.03
Slippage, 4 orders: −$57.75
Fee dYdX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$91.86
Costs to cover: 0.747%
Break-even: never at this rate

Slippage from dYdX: live order book, 50 min ago; 01 Exchange: live order book, 50 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, 50 min ago	25.82 bp	30.8 bp −$31	42.9 bp −$429	115.1 bp −$11.5K	966.9 bp −$483.5K
Sell 01 Exchange live order book, 50 min ago	0.16 bp	6.1 bp −$6	11.0 bp −$110	doesn't fit	doesn't fit

HYPE on 54 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	−0.1032%	1h	93.783	+0.028%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.594	−0.173%	$1.2M	$3.8M	10x	as long as short
Phemex HYPEUSDT	−0.0116%	8h	93.687	−0.074%	$12.7M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0093%	1h	93.804	+0.051%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0080%	1h	93.640	−0.124%	$702K	$921K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.746	−0.011%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0057%	4h	93.678	−0.083%	$156K	$646K	20x	as long as short
01 Exchange HYPEUSDshort	−0.0048%	1h	93.717	−0.042%	$85K	$350K	20x
Backpack HYPE_USDC_PERP	−0.0034%	1h	93.697	−0.063%	$7.8M	$10.3M	20x	as long as short
Gate HYPE_USDT	−0.0030%	4h	93.765	+0.009%	$44.4M	$55.2M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	−0.0006%	4h	93.708	−0.052%	$8.8M	$35.8M	300x	as long as short
dYdX HYPE-USDlong	0.0000%	1h	93.756	long leg	$129K	$31K	5x
Perpl HYPE	0.0000%	43m	93.739	−0.019%	$22K	$325K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.698	−0.062%	$26K	—	150x	as long as short
Bybit HYPEUSDT	+0.0003%	8h	93.760	+0.004%	$322.0M	$280.7M	75x	as long as short
BingX HYPE-USDT	+0.0004%	4h	93.756	0.000%	—	$53.6M	—	as long as short
Phoenix HYPE	+0.0060%	1h	93.885	+0.137%	$213K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0061%	1h	93.693	−0.067%	$111K	$577K	20x	as long as short
MEXC HYPE_USDT	+0.0066%	4h	93.768	+0.013%	$89.0M	$83.2M	100x	as long as short
Binance HYPEUSDT	+0.0067%	4h	93.774	+0.019%	$381.3M	$890.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0069%	8h	93.813	+0.061%	$115.3M	$308.0M	50x	as long as short
edgeX HYPEUSDC	+0.0072%	4h	93.783	+0.028%	$5.1M	$30.0M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.751	−0.005%	$341K	$164K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.722	−0.037%	$16.4M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.715	−0.044%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.703	−0.057%	$67K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.703	−0.057%	$399K	$175K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.750	−0.007%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.707	−0.053%	$5.7M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.832	+0.080%	$2.05B	$665.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.742	−0.015%	$10.1M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.765	+0.009%	$46.4M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.756	0.000%	$227.1M	$98.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.748	−0.009%	$31.1M	$54.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.837	+0.086%	$7.6M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.800	+0.047%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.773	+0.018%	$669K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.773	+0.018%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.742	−0.015%	$473K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.645	−0.119%	$79K	$171K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.660	−0.103%	$16.3M	$7.7M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.781	+0.026%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.706	−0.054%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.880	+0.132%	$204K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.741	−0.017%	$18.3M	$44.2M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.750	−0.007%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	94.180	+0.452%	$31K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0198%	4h	93.850	+0.100%	$1.4M	$5.9M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.786	+0.032%	$3.2M	$7.0M	20x	as long as short
Reya HYPERUSDPERP	+0.0255%	1h	93.711	−0.048%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0279%	8h	93.813	+0.061%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0156%	1h	93.696	−0.064%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0401%	1h	93.799	+0.046%	$7.4M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0680%	1h	93.807	+0.054%	$20.9M	$29.8M	50x	as long as short