HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: Lighter RH against Extended+0.067%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$90.091% of the position

Long on Extended Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 7 days−0.071%−$7 · spread now +0.067%, 7d avg +0.025%

Together, before fees−0.157%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.042% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HYPE-USD	93.672	0.0104	pay 0.0013% / 1h	19m 29s	$18.3M	$44.2M	50x
Short	Lighter RH HYPE	93.735	0.0096	get 0.0012% / 1h	19m 29s	$3.1M	$11.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$1.68
Price spread: +0.067% → +0.025%: $4.18
Slippage, 4 orders: −$4.14
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$6.64
Costs to cover: 0.091%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Lighter RH: live order book, 4 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	4.1 bp −$41	25.6 bp −$2,558	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.01 bp	1.7 bp −$2	3.4 bp −$34	24.2 bp −$2,424	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	+0.118%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.594	−0.083%	$1.2M	$3.8M	10x	as long as short
Phemex HYPEUSDT	−0.0118%	8h	93.762	+0.096%	$12.7M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0093%	1h	93.804	+0.140%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0080%	1h	93.640	−0.034%	$702K	$921K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.746	+0.079%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0057%	4h	93.678	+0.006%	$156K	$646K	20x	as long as short
01 Exchange HYPEUSD	−0.0048%	1h	93.717	+0.048%	$85K	$350K	20x	as long as short
Backpack HYPE_USDC_PERP	−0.0036%	1h	93.701	+0.031%	$7.8M	$10.3M	20x	as long as short
Gate HYPE_USDT	−0.0030%	4h	93.674	+0.002%	$44.4M	$55.1M	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	93.699	+0.029%	$8.8M	$35.8M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.756	+0.090%	$129K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.739	+0.071%	$22K	$325K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.698	+0.028%	$26K	—	150x	as long as short
Bybit HYPEUSDT	+0.0003%	8h	93.670	−0.002%	$321.7M	$280.6M	75x	as long as short
BingX HYPE-USDT	+0.0004%	4h	93.670	−0.002%	—	$53.6M	—	as long as short
Phoenix HYPE	+0.0060%	1h	93.885	+0.227%	$213K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0061%	1h	93.693	+0.022%	$111K	$577K	20x	as long as short
MEXC HYPE_USDT	+0.0066%	4h	93.687	+0.016%	$89.0M	$83.2M	100x	as long as short
Binance HYPEUSDT	+0.0067%	4h	93.694	+0.024%	$381.0M	$890.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0068%	8h	93.720	+0.051%	$115.2M	$307.6M	50x	as long as short
edgeX HYPEUSDC	+0.0072%	4h	93.783	+0.118%	$5.1M	$30.0M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.751	+0.085%	$341K	$164K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.742	+0.075%	$16.4M	$62.6M	20x	as long as short
Lighter RH HYPEshort	+0.0096%	1h	93.735	+0.067%	$3.1M	$11.9M	20x
Popdex HYPEUSDT	+0.0096%	1h	93.703	+0.033%	$67K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.714	+0.045%	$399K	$175K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.750	+0.083%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.707	+0.037%	$5.7M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.819	+0.157%	$2.05B	$665.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.742	+0.075%	$10.1M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.739	+0.071%	$46.4M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.720	+0.051%	$227.0M	$98.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.748	+0.081%	$31.1M	$54.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.837	+0.176%	$7.6M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.800	+0.136%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.773	+0.108%	$669K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.773	+0.107%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.742	+0.075%	$473K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.673	+0.001%	$79K	$171K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.699	+0.029%	$16.3M	$7.7M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.796	+0.132%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.701	+0.031%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.880	+0.222%	$204K	$10K	10x	as long as short
Extended HYPE-USDlong	+0.0104%	1h	93.672	long leg	$18.3M	$44.2M	50x
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.830	+0.168%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.740	+0.072%	$30K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0198%	4h	93.873	+0.214%	$1.4M	$5.9M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.786	+0.122%	$3.2M	$7.0M	20x	as long as short
Reya HYPERUSDPERP	+0.0255%	1h	93.711	+0.042%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0278%	8h	93.786	+0.122%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0156%	1h	93.737	+0.069%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0390%	1h	93.806	+0.143%	$7.4M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0680%	1h	93.795	+0.131%	$20.9M	$29.8M	50x	as long as short