HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.031%

Price spread now: dYdX against Extended+0.027%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$870.872% of the position

Long on Extended Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.027%, 7d avg +0.042%

Together, before fees−0.181%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, 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	Extended HYPE-USD	93.596	0.0104	pay 0.0013% / 1h	48m 07s	$18.2M	$43.3M	50x
Short	dYdX HYPE-USD	93.622	0	get 0.0000% / 1h	48m 07s	$128K	$29K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$21.84
Price spread: +0.027% → +0.042%: −$1.44
Slippage, 4 orders: −$72.24
Fee Extended: 2.5 bp × 2 orders: −$5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$110.52
Costs to cover: 0.872%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; dYdX: live order book, 61 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, 6 min ago	0.05 bp	2.6 bp −$3	6.8 bp −$68	27.6 bp −$2,761	doesn't fit
Sell dYdX live order book, 61 min ago	36.06 bp	41.1 bp −$41	83.6 bp −$836	187.7 bp −$18.8K	1256.5 bp −$628.3K

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	−0.1136%	1h	93.719	+0.131%	$199K	$242K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0243%	1h	93.808	+0.226%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0133%	1h	93.610	+0.015%	$706K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.589	−0.008%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0065%	1h	93.618	+0.023%	$111K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.618	+0.023%	$86K	$371K	20x	as long as short
Bluefin HYPE-PERP	−0.0035%	1h	93.612	+0.017%	$79K	$156K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0020%	4h	93.610	+0.015%	$145K	$685K	20x	as long as short
dYdX HYPE-USDshort	0.0000%	1h	93.622	+0.027%	$128K	$29K	5x
Perpl HYPE	0.0000%	43m	93.624	+0.030%	$21K	$287K	10x	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 −0.0002%	1h	93.657	+0.065%	$63K	—	150x	as long as short
Bybit HYPEUSDT	+0.0010%	8h	93.606	+0.010%	$316.2M	$287.9M	75x	as long as short
BingX HYPE-USDT	+0.0010%	4h	93.626	+0.032%	—	$53.7M	—	as long as short
Phoenix HYPE	+0.0017%	1h	93.780	+0.196%	$210K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.630	+0.036%	$225.5M	$99.6M	75x	as long as short
ApeX Omni HYPEUSDT	+0.0074%	1h	93.801	+0.219%	$348K	$1.0M	50x	as long as short
Phemex HYPEUSDT	+0.0074%	8h	93.656	+0.064%	$12.8M	$2.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0083%	8h	93.647	+0.054%	$335K	$161K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.590	−0.007%	$1.0M	$4.0M	10x	as long as short
edgeX HYPEUSDC	+0.0091%	4h	93.758	+0.173%	$5.0M	$30.5M	30x	as long as short
Derive HYPE-PERP	+0.0092%	1h	93.587	−0.010%	$16.3M	$7.4M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.631	+0.037%	$16.1M	$63.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.637	+0.044%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.598	+0.002%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.600	+0.004%	$23K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.606	+0.010%	$7.4M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.713	+0.125%	$2.05B	$682.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.632	+0.038%	$8.9M	$37.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.670	+0.079%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.623	+0.029%	$375.2M	$931.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.617	+0.022%	$115.7M	$316.1M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.613	+0.018%	$48.4M	$55.0M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.630	+0.036%	$88.8M	$83.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.618	+0.023%	$46.3M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.648	+0.055%	$7.2M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.670	+0.078%	$28.6M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.726	+0.139%	$7.6M	$48.1M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.679	+0.088%	$679K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.685	+0.095%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.633	+0.039%	$470K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.681	+0.091%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.632	+0.038%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.799	+0.217%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.731	+0.144%	$216K	$15K	10x	as long as short
Kalshi KXHYPEPERP	+0.0104%	8h	93.690	+0.100%	$1.8M	$5.6M	2.3x	as long as short
Extended HYPE-USDlong	+0.0104%	1h	93.596	long leg	$18.2M	$43.3M	50x
Aevo HYPE-PERP	+0.0104%	1h	93.622	+0.028%	$396K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.680	+0.090%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.670	+0.079%	$30K	$339K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0262%	1h	93.715	+0.127%	$7.4M	$4.2M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.602	+0.006%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.664	+0.073%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.600	+0.004%	$17.0M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0415%	1h	93.702	+0.113%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.644	+0.051%	$3.2M	$6.4M	20x	as long as short