HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Bulk against Extended+0.069%7-day average +0.075% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$140.137% of the position

Long on Extended Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.069%, 7d avg +0.075%

Together, before fees−0.162%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HYPE-USD	93.168	0.0104	pay 0.0013% / 1h	19m 20s	$18.2M	$42.0M	50x
Short	Bulk HYPE-USD	93.232	0.0100	get 0.0013% / 1h	19m 20s	$204K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Extended. 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 ExtendedbpFee BulkbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$0.84
Price spread: +0.069% → +0.075%: −$0.68
Slippage, 4 orders: −$1.74
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$15.26
Costs to cover: 0.137%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Bulk: live order book, 65 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 Extended live order book, 5 min ago	0.05 bp	2.6 bp −$3	5.9 bp −$59	23.6 bp −$2,364	doesn't fit
Sell Bulk live order book, 65 min ago	0.53 bp	4.6 bp −$5	6.4 bp −$64	12.2 bp −$1,218	31.8 bp −$15.9K

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	−0.0431%	1h	93.140	−0.030%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0336%	1h	93.216	+0.051%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.133	−0.038%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0130%	1h	93.130	−0.041%	$699K	$928K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.198	+0.032%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	93.259	+0.097%	$90K	$361K	20x	as long as short
Popdex HYPEUSDT	−0.0008%	1h	93.221	+0.057%	$58K	$1.2M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.276	+0.116%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.227	+0.063%	$23K	$331K	10x	as long as short
Aster HYPEUSDT	+0.0001%	4h	93.224	+0.060%	$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	93.266	+0.105%	$20K	—	150x	as long as short
Bybit HYPEUSDT	+0.0021%	8h	93.210	+0.045%	$322.9M	$286.9M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0021%	4h	93.242	+0.079%	$172K	$518K	20x	as long as short
Phoenix HYPE	+0.0034%	1h	93.293	+0.134%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0045%	1h	93.212	+0.047%	$112K	$579K	20x	as long as short
Derive HYPE-PERP	+0.0047%	1h	93.185	+0.018%	$16.3M	$7.0M	10x	as long as short
Gate HYPE_USDT	+0.0054%	4h	93.235	+0.072%	$43.9M	$58.6M	75x	as long as short
MEXC HYPE_USDT	+0.0066%	4h	93.242	+0.079%	$90.3M	$82.2M	100x	as long as short
Binance HYPEUSDT	+0.0067%	4h	93.237	+0.074%	$381.9M	$895.5M	75x	as long as short
edgeX HYPEUSDC	+0.0079%	4h	93.210	+0.044%	$5.1M	$29.7M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.231	+0.067%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.238	+0.075%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.227	+0.063%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.203	+0.037%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.170	+0.002%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.216	+0.052%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.271	+0.110%	$2.03B	$669.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.208	+0.043%	$10.0M	$14.4M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.214	+0.049%	$113.9M	$314.3M	50x	as long as short
Bulk HYPE-USDshort	+0.0100%	1h	93.232	+0.069%	$204K	$8K	10x
KuCoin HYPEUSDTM	+0.0100%	4h	93.268	+0.107%	$47.0M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.243	+0.080%	$226.0M	$103.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.240	+0.077%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.203	+0.037%	$7.8M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.153	−0.016%	$29.0M	$50.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.258	+0.096%	$7.5M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.262	+0.101%	$415K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.227	+0.063%	$674K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.268	+0.107%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.253	+0.091%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.243	+0.080%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.210	+0.045%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.175	+0.007%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.170	+0.002%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USDlong	+0.0104%	1h	93.168	long leg	$18.2M	$42.0M	50x
Kalshi KXHYPEPERP	+0.0113%	8h	93.301	+0.142%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.220	+0.055%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.120	−0.052%	$30K	$338K	12x	as long as short
HTX HYPE-USDT	+0.0239%	4h	93.374	+0.221%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.241	+0.078%	$77K	$159K	15x	as long as short
BloFin HYPE-USDT	+0.0257%	4h	93.255	+0.093%	$16.9M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.247	+0.084%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.259	+0.098%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0383%	1h	93.322	+0.165%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0466%	1h	93.289	+0.130%	$20.9M	$29.0M	50x	as long as short