HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0137%/8h= −15.0% APRnext payment −$0.17 per $10,000 · paid last 24h −0.074%

Price spread now: Vest against Injective−0.259%50s7-day average −0.165% · you buy dearer than you sell

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

Long on Injective Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.801%−$80 on $10k

Price spread, last 4 days (all we have)+0.420%+$42 · spread now −0.259%, 7d avg −0.165%

Together, before fees−0.381%+ Points / potential airdropVest: Active · farm board−$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Vest is 0.094% cheaper against Injective than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.165%). Swap the legs. The two prices were read 50 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	94.740	0.0185	pay 0.0023% / 1h	11m 37s	$31K	$340K	12x
Short	Vest HYPE-PERP	94.495	0.0048	get 0.0006% / 1h	11m 37s	—	$190K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.259%Rate

Funding earned: −$28.79
Price spread: −0.259% → −0.165%: −$9.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Vest: 1 bp × 2 orders: −$2
Net: −$40.2
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 27 min ago; Vest: no order-book sample. 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, 27 min ago	24.33 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1672%	1h	94.413	−0.345%	$204K	$266K	7x	as long as short
Bluefin HYPE-PERP	−0.0393%	1h	94.351	−0.411%	$80K	$151K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0204%	1h	94.380	−0.380%	$711K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0186%	1h	94.400	−0.359%	$112K	$575K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0166%	1h	94.421	−0.337%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	94.435	−0.322%	$88K	$365K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.408	−0.350%	$3K	$331	25x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.396	−0.363%	$1.0M	$3.5M	10x	as long as short
Derive HYPE-PERP	−0.0036%	1h	94.320	−0.444%	$16.4M	$7.4M	10x	as long as short
BingX HYPE-USDT	−0.0020%	4h	94.418	−0.340%	—	$52.8M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0020%	8h	94.381	−0.379%	$317.2M	$288.8M	75x	as long as short
Lighter HYPE	−0.0016%	1h	94.424	−0.333%	$16.4M	$64.6M	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.355	−0.406%	$147K	$686K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.388	−0.372%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.507	−0.246%	$1.9M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.527	−0.225%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.422	−0.336%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.410	−0.348%	$124K	—	150x	as long as short
Polymarket Perps HYPE-USD	+0.0014%	1h	94.443	−0.313%	$498K	$2.8M	20x	as long as short
Bitget HYPEUSDT	+0.0022%	4h	94.419	−0.339%	$226.6M	$100.1M	75x	as long as short
Phemex HYPEUSDT	+0.0035%	8h	94.376	−0.384%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0038%	8h	94.445	−0.311%	$337K	$154K	20x	as long as short
Vest HYPE-PERPshort	+0.0048%	1h	94.495	−0.259%	—	$190K	5x
SoDEX HYPE-USD	+0.0054%	1h	94.375	−0.385%	$2.1M	$1.9M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.420	−0.338%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0065%	8h	94.386	−0.374%	$117.8M	$325.0M	50x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	94.403	−0.355%	$5.0M	$30.8M	30x	as long as short
Gate HYPE_USDT	+0.0092%	4h	94.412	−0.346%	$50.3M	$56.8M	75x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.418	−0.340%	$3.2M	$10.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.415	−0.343%	$79K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.400	−0.359%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.412	−0.347%	$7.2M	$52.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.492	−0.262%	$2.08B	$688.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.420	−0.338%	$8.8M	$37.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.446	−0.310%	$10.2M	$15.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.413	−0.345%	$378.6M	$932.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.307	−0.457%	$218K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.436	−0.321%	$89.7M	$84.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.412	−0.346%	$46.9M	$18.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.344	−0.418%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.390	−0.369%	$29.6M	$54.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.478	−0.277%	$7.6M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.458	−0.298%	$350K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.454	−0.302%	$683K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.493	−0.261%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.512	−0.241%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.392	−0.367%	$18.3M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.364	−0.397%	$399K	$153K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0022%	1h	94.434	−0.323%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERPlong	+0.0185%	1h	94.740	long leg	$31K	$340K	12x
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.408	−0.350%	$20.2M	$30.2M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0237%	1h	94.467	−0.288%	$7.4M	$4.3M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.447	−0.309%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.398	−0.361%	$83K	$122K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.436	−0.321%	$17.1M	$12.4M	75x	as long as short