HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0101%/8h= −11.1% APRnext payment −$0.13 per $10,000 · paid last 24h −0.058%

Price spread now: Extended against Injective−0.432%80s7-day average −0.212% · you buy dearer than you sell

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

Long on Injective Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−2.244%−$224 on $10k

Price spread, last 3 days (all we have)+0.611%+$61 · spread now −0.432%, 7d avg −0.212%

Together, before fees−1.633%+ Points / potential airdropExtended: Active · farm board−$163 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 Extended is 0.219% cheaper against Injective than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.212%). Swap the legs. The two prices were read 80 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	Injective HYPE/USDC PERP	94.490	0.0205	pay 0.0026% / 1h	31m 56s	$31K	$338K	12x
Short	Extended HYPE-USD	94.082	0.0104	get 0.0013% / 1h	31m 56s	$18.8M	$44.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.432%Rate

Funding earned: −$21.2
Price spread: −0.432% → −0.212%: −$21.93
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$48.15
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 42 min ago; Extended: live order book, 2 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, 42 min ago	32.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.05 bp	2.6 bp −$3	3.7 bp −$37	22.9 bp −$2,291	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	−0.1448%	1h	94.283	−0.219%	$200K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.926	−0.597%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0241%	1h	94.179	−0.329%	$22K	$23K	10x	as long as short
dYdX HYPE-USD	−0.0164%	1h	94.128	−0.383%	$129K	$31K	5x	as long as short
Ondo Perps HYPE-USD.P	−0.0159%	1h	93.970	−0.550%	$710K	$947K	10x	as long as short
Bullet HYPE-USD	−0.0094%	1h	94.051	−0.464%	$112K	$580K	20x	as long as short
Phemex HYPEUSDT	−0.0089%	8h	94.102	−0.411%	$12.8M	$2.6M	50x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.029	−0.488%	$85K	$361K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.077	−0.437%	$3K	$331	25x	as long as short
Bybit HYPEUSDT	−0.0020%	8h	94.090	−0.423%	$323.2M	$280.8M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0015%	4h	94.053	−0.462%	$160K	$652K	20x	as long as short
Gate HYPE_USDT	−0.0002%	4h	94.062	−0.453%	$44.5M	$59.7M	75x	as long as short
Perpl HYPE	0.0000%	43m	94.050	−0.466%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.092	−0.421%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0025%	4h	94.080	−0.434%	$8.9M	$36.1M	300x	as long as short
Phoenix HYPE	+0.0034%	1h	94.342	−0.157%	$219K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0050%	4h	94.108	−0.404%	$89.4M	$82.5M	100x	as long as short
Binance HYPEUSDT	+0.0051%	4h	94.114	−0.398%	$383.9M	$893.6M	75x	as long as short
Derive HYPE-PERP	+0.0056%	1h	94.034	−0.482%	$16.4M	$7.3M	10x	as long as short
edgeX HYPEUSDC	+0.0061%	4h	94.240	−0.265%	$5.1M	$29.9M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0081%	8h	94.102	−0.411%	$116.0M	$319.0M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.124	−0.388%	$19.0M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.100	−0.413%	$3.0M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.018	−0.500%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.068	−0.446%	$400K	$188K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.098	−0.415%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.040	−0.476%	$26K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.993	−0.527%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.182	−0.326%	$2.05B	$677.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.075	−0.439%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.116	−0.396%	$46.6M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.112	−0.400%	$228.2M	$100.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.071	−0.443%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.088	−0.425%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.220	−0.285%	$31.8M	$54.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.271	−0.232%	$7.6M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.252	−0.252%	$341K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.205	−0.302%	$682K	$2.5M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.094	−0.419%	$480K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.069	−0.446%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.150	−0.360%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.071	−0.443%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.120	−0.392%	$205K	$4K	10x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.102	−0.411%	—	$248K	5x	as long as short
Extended HYPE-USDshort	+0.0104%	1h	94.082	−0.432%	$18.8M	$44.5M	50x
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.070	−0.444%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERPlong	+0.0205%	1h	94.490	long leg	$31K	$338K	12x
BloFin HYPE-USDT	+0.0206%	4h	94.147	−0.363%	$17.0M	$12.2M	75x	as long as short
Kalshi KXHYPEPERP	+0.0217%	8h	94.109	−0.403%	$1.9M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.044	−0.472%	$2.8M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.064	−0.451%	$79K	$146K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0152%	1h	94.098	−0.415%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0398%	1h	94.165	−0.344%	$7.5M	$4.7M	50x	as long as short
HTX HYPE-USDT	+0.0435%	4h	94.230	−0.275%	$1.5M	$6.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0671%	1h	94.165	−0.344%	$21.0M	$29.7M	50x	as long as short