HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.13 per $10,000 · paid last 24h −0.054%

Price spread now: Deribit against Injective+0.206%7-day average −0.144% · you sell dearer than you buy

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−2.381%−$238 on $10k

Price spread, last 3 days (all we have)−0.345%−$35 · spread now +0.206%, 7d avg −0.144%

Together, before fees−2.726%−$273 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.350% dearer against Injective than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of −0.144%. Mind the row above: over the last 7 days funding on this pair cost −2.381%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HYPE/USDC PERP	93.060	0.0254	pay 0.0032% / 1h	41m 19s	$30K	$182K	12x
Short	Deribit HYPE_USDC-PERPETUAL	93.252	0.0362	get 0.0045% / 1h	41m 19s	$7.4M	$4.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.206%Rate

Funding earned: $22.67
Price spread: +0.206% → −0.144%: $34.99
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $50.64
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: live order book, 8 min ago; Deribit: live order book, 3 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, 8 min ago	31.07 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	2.63 bp	6.3 bp −$6	9.2 bp −$92	doesn't fit	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	92.983	−0.083%	$195K	$236K	7x	as long as short
Gate HYPE_USDT	−0.0130%	4h	93.116	+0.060%	$44.0M	$55.5M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.086	+0.028%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	93.148	+0.095%	$89K	$322K	20x	as long as short
Aster HYPEUSDT	−0.0001%	4h	93.120	+0.064%	$8.9M	$36.2M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.200	+0.150%	$127K	$33K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.168	+0.116%	$23K	$355K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0005%	1h	93.160	+0.107%	$44K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0019%	1h	93.040	−0.021%	$699K	$926K	10x	as long as short
Aftermath Perps HYPEUSD	+0.0030%	1h	93.140	+0.086%	$22K	$22K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	+0.0053%	8h	93.134	+0.080%	$324.8M	$283.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0066%	1h	93.260	+0.215%	$17.4M	$22.5M	50x	as long as short
Orderly PERP_HYPE_USDC	+0.0093%	4h	93.129	+0.074%	$181K	$504K	20x	as long as short
Phoenix HYPE	+0.0094%	1h	93.192	+0.142%	$207K	$1.1M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.220	+0.172%	$18.7M	$57.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.193	+0.143%	$3.1M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.134	+0.080%	$56K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.160	+0.107%	$19K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.117	+0.061%	$6.5M	$43.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.193	+0.143%	$2.02B	$656.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.158	+0.105%	$10.0M	$14.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.174	+0.123%	$389.6M	$869.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.147	+0.093%	$114.2M	$312.5M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.096	+0.039%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.080	+0.021%	$203K	$15K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.174	+0.123%	$90.8M	$81.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.126	+0.071%	$46.3M	$19.5M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.130	+0.075%	$225.4M	$101.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.126	+0.071%	—	$54.4M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.158	+0.105%	$8.0M	$11.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.086	+0.028%	$28.9M	$48.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.107	+0.051%	$7.5M	$45.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.140	+0.086%	$455K	$930K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.133	+0.078%	$673K	$2.3M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.158	+0.106%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.158	+0.105%	$461K	$2.6M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.148	+0.094%	$111K	$571K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.161	+0.109%	$76K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.074	+0.015%	$16.3M	$7.0M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.130	+0.075%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.153	+0.100%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.153	+0.100%	$12.7M	$2.6M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0101%	8h	93.179	+0.128%	$340K	$171K	20x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.133	+0.079%	$18.2M	$40.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.139	+0.085%	$396K	$318K	20x	as long as short
Kalshi KXHYPEPERP	+0.0104%	8h	93.267	+0.222%	$2.0M	$5.2M	2.3x	as long as short
edgeX HYPEUSDC	+0.0106%	4h	93.099	+0.042%	$5.0M	$28.6M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.250	+0.204%	$4.9M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0243%	1h	93.131	+0.077%	$77K	$157K	15x	as long as short
Injective HYPE/USDC PERPlong	+0.0254%	1h	93.060	long leg	$30K	$182K	12x
BloFin HYPE-USDT	+0.0340%	4h	93.130	+0.075%	$17.4M	$12.2M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0342% / S −0.0168%	1h	93.152	+0.098%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUALshort	+0.0362%	1h	93.252	+0.206%	$7.4M	$4.6M	50x
HTX HYPE-USDT	+0.0412%	4h	93.317	+0.276%	$1.5M	$7.5M	75x	as long as short
RISEx HYPE/USDC	+0.0422%	1h	93.192	+0.142%	$2.7M	$6.5M	20x	as long as short