HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h −0.065%

Price spread now: Aevo against Injective−0.692%7-day average −0.153% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−2.145%−$214 on $10k

Price spread, last 4 days (all we have)+0.891%+$89 · spread now −0.692%, 7d avg −0.153%

Together, before fees−1.253%−$125 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aevo is 0.539% cheaper against Injective than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of −0.153%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HYPE/USDC PERP	94.740	0.0185	pay 0.0023% / 1h	20m 44s	$31K	$340K	12x
Short	Aevo HYPE-PERP	94.085	0.0104	get 0.0013% / 1h	20m 44s	$398K	$154K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Injective. 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 InjectivebpFee AevobpOrdersPrice spread, now −0.692%Rate

Funding earned: −$17.11
Price spread: −0.692% → −0.153%: −$53.87
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$87
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 18 min ago; Aevo: live order book, 18 min ago. Net counts fees only.

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 Injective live order book, 18 min ago	24.33 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 18 min ago	35.01 bp	46.7 bp −$47	48.1 bp −$481	89.7 bp −$8,973	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	−0.1720%	1h	94.026	−0.754%	$201K	$255K	7x	as long as short
Bluefin HYPE-PERP	−0.0415%	1h	94.057	−0.721%	$79K	$152K	20x	as long as short
Bullet HYPE-USD	−0.0237%	1h	94.031	−0.748%	$111K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0226%	1h	93.910	−0.876%	$710K	$1.2M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0140%	1h	94.146	−0.627%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	94.067	−0.710%	$87K	$368K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.016	−0.764%	$3K	$331	25x	as long as short
Derive HYPE-PERP	−0.0080%	1h	93.964	−0.819%	$16.4M	$7.5M	10x	as long as short
Lighter HYPE	−0.0048%	1h	94.103	−0.672%	$16.3M	$64.5M	20x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.032	−0.747%	$1.0M	$3.6M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	−0.0020%	4h	94.100	−0.676%	—	$52.9M	—	as long as short
Bybit HYPEUSDT	−0.0019%	8h	94.110	−0.665%	$316.3M	$289.2M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0010%	4h	94.067	−0.710%	$146K	$684K	20x	as long as short
Polymarket Perps HYPE-USD	−0.0008%	1h	94.114	−0.661%	$496K	$2.8M	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.061	−0.717%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.151	−0.622%	$1.8M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.232	−0.536%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.072	−0.705%	$19K	$288K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.128	−0.646%	$124K	—	150x	as long as short
Paradex HYPE-USD-PERP	+0.0030%	8h	94.140	−0.633%	$336K	$154K	20x	as long as short
Bitget HYPEUSDT	+0.0030%	4h	94.087	−0.689%	$226.0M	$100.1M	75x	as long as short
SoDEX HYPE-USD	+0.0034%	1h	94.062	−0.716%	$2.0M	$1.9M	10x	as long as short
Vest HYPE-PERP	+0.0038%	1h	94.131	−0.643%	—	$190K	5x	as long as short
Phemex HYPEUSDT	+0.0050%	8h	94.077	−0.700%	$12.8M	$2.9M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.010	−0.771%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0065%	8h	94.117	−0.658%	$117.4M	$323.6M	50x	as long as short
Gate HYPE_USDT	+0.0092%	4h	94.090	−0.686%	$50.0M	$56.8M	75x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	93.993	−0.788%	$5.0M	$30.7M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.103	−0.672%	$3.2M	$10.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.044	−0.735%	$81K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.030	−0.749%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.053	−0.725%	$7.2M	$53.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.197	−0.573%	$2.07B	$687.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.105	−0.670%	$8.8M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.153	−0.620%	$10.1M	$15.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.109	−0.666%	$376.9M	$933.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.240	−0.528%	$218K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.105	−0.670%	$88.3M	$83.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.090	−0.686%	$46.7M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.064	−0.714%	$7.5M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.079	−0.698%	$29.4M	$54.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.122	−0.652%	$7.6M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.028	−0.752%	$369K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.060	−0.718%	$680K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.101	−0.674%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.238	−0.530%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.075	−0.702%	$18.3M	$43.1M	50x	as long as short
Aevo HYPE-PERPshort	+0.0104%	1h	94.085	−0.692%	$398K	$154K	20x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0022%	1h	94.153	−0.619%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERPlong	+0.0185%	1h	94.740	long leg	$31K	$340K	12x
Deribit HYPE_USDC-PERPETUAL	+0.0196%	1h	94.179	−0.592%	$7.4M	$4.3M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.124	−0.650%	$20.2M	$30.2M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.086	−0.690%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.073	−0.704%	$84K	$123K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.094	−0.682%	$17.1M	$12.3M	75x	as long as short