HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0436%/8h= −47.7% APRnext payment −$0.54 per $10,000 · paid last 24h −0.158%

Price spread now: Arcus against Injective+0.042%7-day average −0.199% · you sell dearer than you buy

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

Long on Injective Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.855%−$86 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.042%, 7d avg −0.199%

Together, before fees−0.792%−$79 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.241% dearer against Injective than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.199%): +$24 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HYPE/USDC PERP	92.790	0.0242	pay 0.0030% / 1h	28m 06s	$30K	$339K	12x
Short	Arcus HYPE-USD	92.829	−0.0194	pay 0.0024% / 1h	28m 06s	$1.1M	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ArcusbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$91.52
Price spread: +0.042% → −0.199%: $24.11
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$71.93
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Injective: live order book, 26 min ago; Arcus: live order book, 1 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, 26 min ago	12.37 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 1 min ago	0.54 bp	3.3 bp −$3	9.2 bp −$92	29.0 bp −$2,905	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	−0.1568%	1h	92.719	−0.076%	$193K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0304%	1h	92.866	+0.082%	$22K	$21K	10x	as long as short
Arcus HYPE-USDshort	−0.0194%	1h	92.829	+0.042%	$1.1M	$3.9M	10x
Hotstuff HYPE-PERP	−0.0080%	1h	92.866	+0.082%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0061%	4h	92.830	+0.043%	$145K	$681K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.906	+0.125%	$127K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.868	+0.084%	$22K	$295K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.865	+0.081%	$62K	—	150x	as long as short
Bullet HYPE-USD	+0.0016%	1h	92.810	+0.022%	$111K	$577K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	92.857	+0.072%	$210K	$1.2M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps HYPE-USD.P	+0.0030%	1h	92.810	+0.022%	$699K	$1.1M	10x	as long as short
Bybit HYPEUSDT	+0.0032%	8h	92.870	+0.086%	$315.7M	$282.7M	75x	as long as short
01 Exchange HYPEUSD	+0.0040%	1h	92.857	+0.072%	$86K	$363K	20x	as long as short
Phemex HYPEUSDT	+0.0049%	8h	92.905	+0.124%	$12.5M	$2.7M	50x	as long as short
Bitget HYPEUSDT	+0.0054%	4h	92.877	+0.094%	$225.0M	$99.2M	75x	as long as short
Popdex HYPEUSDT	+0.0064%	1h	92.845	+0.059%	$70K	$1.1M	50x	as long as short
Lighter HYPE	+0.0096%	1h	92.888	+0.105%	$16.0M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.890	+0.108%	$3.1M	$11.6M	20x	as long as short
edgeX HYPEUSDC	+0.0097%	4h	92.935	+0.156%	$4.9M	$29.6M	30x	as long as short
Gate HYPE_USDT	+0.0098%	4h	92.872	+0.088%	$45.0M	$54.3M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	92.881	+0.098%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.860	+0.075%	$34K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.858	+0.074%	$7.4M	$46.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.920	+0.140%	$2.02B	$666.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	92.884	+0.101%	$8.7M	$36.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	92.871	+0.088%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.876	+0.093%	$373.5M	$905.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.877	+0.094%	$113.9M	$304.2M	50x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.870	+0.086%	$91.5M	$81.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.836	+0.050%	$46.1M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.876	+0.093%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.891	+0.109%	$7.2M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.959	+0.182%	$28.6M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.003	+0.230%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.975	+0.199%	$341K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.879	+0.096%	$668K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.905	+0.124%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.881	+0.098%	$471K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.833	+0.046%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.832	+0.046%	$16.0M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.913	+0.133%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.879	+0.096%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.000	+0.226%	$1.4M	$6.3M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.770	−0.022%	$202K	$13K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.802	+0.012%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.847	+0.062%	$393K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.910	+0.129%	$4.7M	$5.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0161%	8h	92.927	+0.148%	$1.8M	$5.4M	2.3x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.934	+0.155%	$20.6M	$30.5M	50x	as long as short
Injective HYPE/USDC PERPlong	+0.0242%	1h	92.790	long leg	$30K	$339K	12x
Reya HYPERUSDPERP	+0.0265%	1h	92.837	+0.050%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.857	+0.072%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0331%	1h	92.939	+0.161%	$7.5M	$4.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.881	+0.098%	$16.8M	$11.6M	75x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.910	+0.130%	$3.2M	$6.4M	20x	as long as short