HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.47 per $10,000 · paid last 24h −0.054%

Price spread now: Bitget against HTX−0.162%46s7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.410% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.162%, 7d avg −0.065%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.098% cheaper against HTX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.065%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HYPE-USDT	93.546	0.0194	pay 0.0097% / 4h	1h 35m	$1.4M	$6.0M	75x
Short	Bitget HYPEUSDT	93.394	0.0100	get 0.0050% / 4h	1h 35m	$225.8M	$96.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$19.67
Price spread: −0.162% → −0.065%: −$9.8
Slippage, 4 orders: −$16.95
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.42
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Bitget: 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 HTX live order book, 3 min ago	2.51 bp	10.7 bp −$11	13.8 bp −$138	48.9 bp −$4,885	doesn't fit
Sell Bitget live order book, 4 min ago	0.05 bp	9.9 bp −$10	14.7 bp −$147	19.0 bp −$1,897	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	−0.1296%	1h	93.292	−0.272%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.240	−0.327%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0099%	1h	93.300	−0.263%	$699K	$982K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.355	−0.204%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0062%	8h	93.367	−0.191%	$12.6M	$2.7M	50x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.384	−0.173%	$85K	$344K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0053%	1h	93.379	−0.179%	$22K	$21K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0045%	4h	93.354	−0.205%	$155K	$634K	20x	as long as short
Bullet HYPE-USD	−0.0016%	1h	93.392	−0.165%	$112K	$577K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.361	−0.198%	$128K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.398	−0.158%	$23K	$322K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.414	−0.141%	$62K	—	150x	as long as short
Aster HYPEUSDT	+0.0020%	4h	93.372	−0.186%	$8.8M	$35.5M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.398	−0.158%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0026%	4h	93.345	−0.215%	—	$53.0M	—	as long as short
Bybit HYPEUSDT	+0.0030%	8h	93.371	−0.187%	$321.3M	$277.1M	75x	as long as short
Gate HYPE_USDT	+0.0052%	4h	93.353	−0.206%	$44.5M	$54.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0078%	8h	93.385	−0.172%	$114.1M	$302.0M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.376	−0.182%	$16.3M	$61.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.397	−0.159%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.377	−0.181%	$69K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0096%	4h	93.350	−0.210%	$89.8M	$80.7M	100x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.391	−0.166%	$339K	$162K	20x	as long as short
Binance HYPEUSDT	+0.0098%	4h	93.379	−0.179%	$378.7M	$876.2M	75x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.380	−0.177%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.377	−0.180%	$5.8M	$43.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.433	−0.121%	$2.04B	$653.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.382	−0.175%	$10.0M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.364	−0.194%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.399	−0.157%	$45.9M	$18.1M	75x	as long as short
Bitget HYPEUSDTshort	+0.0100%	4h	93.394	−0.162%	$225.8M	$96.6M	75x
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.377	−0.181%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.367	−0.192%	$31.1M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.365	−0.194%	$7.5M	$45.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.333	−0.228%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.388	−0.169%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.432	−0.122%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.425	−0.129%	$472K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.375	−0.183%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.373	−0.185%	$16.2M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.449	−0.104%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.401	−0.155%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.329	−0.232%	$18.4M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.393	−0.164%	$397K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0110%	4h	93.315	−0.247%	$5.1M	$29.7M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.420	−0.135%	$4.8M	$5.6M	50x	as long as short
HTX HYPE-USDTlong	+0.0194%	4h	93.546	long leg	$1.4M	$6.0M	75x
Reya HYPERUSDPERP	+0.0258%	1h	93.384	−0.173%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0277%	8h	93.458	−0.094%	$1.9M	$5.0M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0328%	1h	93.481	−0.069%	$7.5M	$4.4M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.410	−0.145%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0336%	4h	93.364	−0.195%	$17.0M	$11.6M	75x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.461	−0.091%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.180	−0.391%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.444	−0.109%	$20.8M	$29.9M	50x	as long as short