HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0292%/8h= +32.0% APRnext payment +$1.46 per $10,000 · paid last 24h +0.091%

Price spread now: BloFin against Gate−0.055%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs+$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.544%+$54 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now −0.055%, 7d avg +0.026%

Together, before fees+0.371%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.081% cheaper against Gate than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.026%). If the spread goes back, that is −$8 on $10k: about 22 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HYPE_USDT	93.298	0.0046	pay 0.0023% / 4h	1h 10m	$44.6M	$55.5M	75x
Short	BloFin HYPE-USDT	93.247	0.0338	get 0.0169% / 4h	1h 10m	$17.0M	$11.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now −0.055%Rate

Funding earned: $61.33
Price spread: −0.055% → +0.026%: −$8.07
Slippage, 4 orders: −$7.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: $18.31
Costs to cover: 0.349%
Break-even: 4.9 days

Slippage from Gate: live order book, 3 min ago; BloFin: 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 Gate live order book, 3 min ago	0.59 bp	11.1 bp −$11	17.9 bp −$179	32.4 bp −$3,243	54.8 bp −$27.4K
Sell BloFin live order book, 3 min ago	0.27 bp	6.3 bp −$6	8.1 bp −$81	12.8 bp −$1,283	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
Hibachi HYPE/USDT-P	−0.1000%	1h	93.101	−0.211%	$197K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.182	−0.124%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0129%	1h	93.170	−0.137%	$698K	$1.0M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.234	−0.069%	$3K	$331	25x	as long as short
Aftermath Perps HYPEUSD	−0.0064%	1h	93.218	−0.086%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.262	−0.039%	$85K	$345K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0048%	4h	93.270	−0.030%	$155K	$654K	20x	as long as short
Phemex HYPEUSDT	−0.0003%	8h	93.277	−0.023%	$12.6M	$2.7M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.319	+0.022%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.238	−0.065%	$23K	$319K	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	93.268	−0.033%	$63K	—	150x	as long as short
Bullet HYPE-USD	+0.0008%	1h	93.226	−0.077%	$111K	$579K	20x	as long as short
Aster HYPEUSDT	+0.0024%	4h	93.294	−0.004%	$8.8M	$35.9M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.156	−0.152%	$212K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0036%	4h	93.303	+0.005%	—	$53.0M	—	as long as short
Gate HYPE_USDTlong	+0.0046%	4h	93.298	long leg	$44.6M	$55.5M	75x
Bybit HYPEUSDT	+0.0047%	8h	93.300	+0.002%	$321.0M	$276.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0077%	8h	93.285	−0.014%	$113.8M	$299.5M	50x	as long as short
Derive HYPE-PERP	+0.0086%	1h	93.247	−0.055%	$16.2M	$7.5M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.316	+0.019%	$16.2M	$62.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.311	+0.014%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.243	−0.059%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.336	+0.041%	$340K	$162K	20x	as long as short
MEXC HYPE_USDT	+0.0098%	4h	93.297	−0.001%	$89.5M	$81.2M	100x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.303	+0.005%	$377.3M	$880.3M	75x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.230	−0.073%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.243	−0.059%	$5.8M	$43.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.347	+0.053%	$2.03B	$657.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.337	+0.042%	$10.0M	$14.8M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.311	+0.014%	$45.9M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.295	−0.003%	$225.6M	$96.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.280	−0.019%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.197	−0.108%	$31.4M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.122	−0.189%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.125	−0.185%	$338K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.143	−0.166%	$665K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.261	−0.040%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.276	−0.024%	$473K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.268	−0.032%	$79K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.328	+0.032%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.298	0.000%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.155	−0.153%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.278	−0.022%	$18.3M	$42.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.287	−0.012%	$397K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0112%	4h	93.083	−0.231%	$5.0M	$28.9M	30x	as long as short
HTX HYPE-USDT	+0.0137%	4h	93.400	+0.109%	$1.4M	$6.0M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.340	+0.045%	$4.8M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0259%	1h	93.236	−0.066%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0268%	8h	93.317	+0.020%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.269	−0.031%	$1.4M	—	100x	as long as short
BloFin HYPE-USDTshort	+0.0338%	4h	93.247	−0.055%	$17.0M	$11.5M	75x
Deribit HYPE_USDC-PERPETUAL	+0.0436%	1h	93.390	+0.099%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.338	+0.043%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.160	−0.148%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.350	+0.056%	$20.7M	$29.8M	50x	as long as short