HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h −0.010%

Price spread now: Coinbase International against Extended+0.041%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.041%, 7d avg +0.016%

Together, before fees−0.230%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.025% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.118%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HYPE-USD	92.742	0.0104	pay 0.0013% / 1h	20m 43s	$18.1M	$43.5M	50x
Short	Coinbase International HYPE-PERP-INTX	92.780	0.0160	get 0.0020% / 1h	20m 43s	$4.7M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.041%Rate

Funding earned: $11.76
Price spread: +0.041% → +0.016%: $2.53
Slippage, 4 orders: −$9.04
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.75
Costs to cover: 0.240%
Break-even: 12.8 days

Slippage from Extended: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago	0.05 bp	2.6 bp −$3	5.5 bp −$55	26.8 bp −$2,683	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.78 bp	10.2 bp −$10	14.7 bp −$147	34.1 bp −$3,412	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
Arcus HYPE-USD	−0.0948%	1h	92.659	−0.090%	$1.1M	$3.9M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0240%	1h	92.701	−0.044%	$194K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0227%	1h	92.666	−0.082%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.756	+0.015%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0064%	4h	92.738	−0.004%	$157K	$666K	20x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	92.767	+0.027%	$87K	$359K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.770	+0.031%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.755	+0.014%	$22K	$304K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.773	+0.034%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0022%	8h	92.718	−0.026%	$12.5M	$2.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet HYPE-USD	+0.0030%	1h	92.750	+0.008%	$111K	$579K	20x	as long as short
Ondo Perps HYPE-USD.P	+0.0035%	1h	92.680	−0.067%	$697K	$1.1M	10x	as long as short
BingX HYPE-USDT	+0.0040%	4h	92.771	+0.031%	—	$53.4M	—	as long as short
Aster HYPEUSDT	+0.0042%	4h	92.779	+0.040%	$8.7M	$36.3M	300x	as long as short
Phoenix HYPE	+0.0043%	1h	92.652	−0.097%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0049%	8h	92.774	+0.034%	$316.8M	$281.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0087%	8h	92.800	+0.062%	$113.7M	$304.3M	50x	as long as short
Gate HYPE_USDT	+0.0088%	4h	92.774	+0.034%	$44.5M	$55.3M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0093%	8h	92.766	+0.026%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.794	+0.056%	$16.0M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.805	+0.068%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.733	−0.010%	$69K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.660	−0.089%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.746	+0.005%	$7.1M	$45.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.814	+0.077%	$2.02B	$663.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.825	+0.089%	$10.0M	$15.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.798	+0.060%	$372.7M	$903.6M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.768	+0.028%	$87.5M	$80.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.785	+0.046%	$46.0M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.769	+0.029%	$224.6M	$98.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.769	+0.029%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.688	−0.059%	$28.6M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.707	−0.037%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.679	−0.068%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.729	−0.014%	$665K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.803	+0.066%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.770	+0.030%	$465K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.733	−0.010%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.744	+0.002%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.714	−0.030%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.778	+0.039%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.900	+0.170%	$1.4M	$6.2M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.701	−0.044%	$202K	$13K	10x	as long as short
Extended HYPE-USDlong	+0.0104%	1h	92.742	long leg	$18.1M	$43.5M	50x
Aevo HYPE-PERP	+0.0104%	1h	92.773	+0.034%	$392K	$164K	20x	as long as short
edgeX HYPEUSDC	+0.0116%	4h	92.666	−0.082%	$5.0M	$29.5M	30x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.278%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0160%	1h	92.780	+0.041%	$4.7M	$5.5M	50x
Kalshi KXHYPEPERP	+0.0240%	8h	92.796	+0.058%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0262%	1h	92.754	+0.013%	$79K	$132K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.766	+0.026%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0331%	1h	92.840	+0.106%	$20.6M	$30.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.771	+0.031%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0472%	1h	92.865	+0.132%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.782	+0.043%	$3.2M	$6.4M	20x	as long as short