HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0165%/8h= +18.0% APRnext payment +$0.82 per $10,000 · paid last 24h +0.007%

Price spread now: edgeX against Gate+0.011%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 7 days−0.045%−$5 · spread now +0.011%, 7d avg −0.019%

Together, before fees+0.039%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.030% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HYPE_USDT	95.012	−0.0078	get 0.0039% / 4h	2h 59m	$53.1M	$53.6M	75x
Short	edgeX HYPEUSDC	95.022	0.0087	get 0.0043% / 4h	2h 59m	$5.0M	$31.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $34.56
Price spread: +0.011% → −0.019%: $2.99
Slippage, 4 orders: −$5.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $7.84
Costs to cover: 0.297%
Break-even: 5.4 days

Slippage from Gate: live order book, 5 min ago; edgeX: live order book, 5 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, 5 min ago	0.89 bp	10.2 bp −$10	15.1 bp −$151	32.5 bp −$3,254	57.2 bp −$28.6K
Sell edgeX live order book, 5 min ago	0.31 bp	4.8 bp −$5	5.1 bp −$51	doesn't fit	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	−0.1064%	1h	94.977	−0.037%	$211K	$265K	7x	as long as short
Bluefin HYPE-PERP	−0.0752%	1h	94.980	−0.034%	$79K	$147K	20x	as long as short
Bullet HYPE-USD	−0.0405%	1h	95.025	+0.014%	$113K	$580K	20x	as long as short
Kraken Futures PF_HYPEUSD	−0.0376%	1h	95.035	+0.024%	$18.8M	$35.7M	50x	as long as short
01 Exchange HYPEUSD	−0.0224%	1h	95.071	+0.062%	$91K	$354K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0203%	1h	95.169	+0.165%	$22K	$19K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0190%	1h	95.020	+0.008%	$695K	$1.3M	10x	as long as short
Phemex HYPEUSDT	−0.0164%	8h	95.003	−0.009%	$13.0M	$2.8M	50x	as long as short
Arcus HYPE-USD	−0.0159%	1h	95.026	+0.015%	$1.0M	$3.1M	10x	as long as short
dYdX HYPE-USD	−0.0096%	1h	95.080	+0.071%	$130K	$93K	5x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff HYPE-PERP	−0.0080%	1h	95.045	+0.035%	$3K	$331	25x	as long as short
Gate HYPE_USDTlong	−0.0078%	4h	95.012	long leg	$53.1M	$53.6M	75x
Vest HYPE-PERP	−0.0038%	1h	95.094	+0.086%	—	$88K	5x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0024%	1h	95.030	+0.019%	$4.7M	$5.7M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0007%	4h	94.979	−0.035%	$148K	$669K	20x	as long as short
Bybit HYPEUSDT	−0.0005%	8h	95.030	+0.019%	$319.5M	$282.1M	75x	as long as short
Backpack HYPE_USDC_PERP	−0.0004%	1h	94.992	−0.021%	$7.3M	$10.2M	20x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.102	+0.095%	$1.8M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	95.054	+0.044%	$19K	$271K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.100	+0.093%	$86K	—	150x	as long as short
BingX HYPE-USDT	+0.0004%	4h	95.032	+0.021%	—	$50.5M	—	as long as short
SoDEX HYPE-USD	+0.0005%	1h	95.008	−0.004%	$2.1M	$1.5M	10x	as long as short
Phoenix HYPE	+0.0008%	1h	95.157	+0.153%	$203K	$1.0M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0027%	8h	95.008	−0.004%	$118.7M	$321.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0041%	8h	95.060	+0.051%	$340K	$38K	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0045%	1h	95.094	+0.086%	$7.5M	$4.4M	50x	as long as short
Bitget HYPEUSDT	+0.0050%	4h	95.043	+0.033%	$228.4M	$93.3M	75x	as long as short
Polymarket Perps HYPE-USD	+0.0060%	1h	95.082	+0.074%	$499K	$2.6M	20x	as long as short
Aster HYPEUSDT	+0.0069%	4h	95.008	−0.004%	$9.0M	$36.4M	300x	as long as short
edgeX HYPEUSDCshort	+0.0087%	4h	95.022	+0.011%	$5.0M	$31.1M	30x
Lighter HYPE	+0.0096%	1h	95.015	+0.003%	$16.2M	$60.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.024	+0.013%	$3.2M	$9.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	95.070	+0.061%	$266K	$1.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.030	+0.019%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.007	−0.005%	$7.3M	$55.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.173	+0.169%	$2.10B	$674.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.060	+0.051%	$10.2M	$14.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	95.016	+0.004%	$381.9M	$909.0M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.176	+0.172%	$222K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.028	+0.017%	$86.9M	$85.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.000	−0.013%	$47.4M	$18.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.987	−0.026%	$30.1M	$55.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.063	+0.054%	$7.7M	$43.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.023	+0.012%	$348K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.056	+0.046%	$691K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.893	−0.125%	$32K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.179	+0.176%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.979	−0.035%	$18.2M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.067	+0.058%	$402K	$136K	20x	as long as short
RISEx HYPE/USDC	+0.0166%	1h	95.045	+0.035%	$3.2M	$6.2M	20x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.988	−0.025%	$85K	$93K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.106	+0.099%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.006	−0.006%	$17.2M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0850%	1h	95.480	+0.493%	$31K	$335K	12x	as long as short