HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.35 per $10,000 · paid last 24h −0.006%

Price spread now: Bitget against KuCoin−0.039%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.039%, 7d avg −0.013%

Together, before fees−0.013%−$1 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 Bitget is 0.026% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HYPEUSDTM	94.390	0.0100	pay 0.0050% / 4h	3h 27m	$47.1M	$19.0M	75x
Short	Bitget HYPEUSDT	94.353	0.0030	get 0.0015% / 4h	3h 27m	$227.0M	$98.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$14.7
Price spread: −0.039% → −0.013%: −$2.62
Slippage, 4 orders: −$13.99
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$55.31
Costs to cover: 0.380%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Bitget: live order book, 1 min ago.

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 KuCoin live order book, 11 min ago	0.95 bp	9.4 bp −$9	15.2 bp −$152	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.37 bp	8.9 bp −$9	13.5 bp −$135	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	−0.0816%	1h	94.248	−0.151%	$210K	$267K	7x	as long as short
Bluefin HYPE-PERP	−0.0608%	1h	94.282	−0.114%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0293%	1h	94.418	+0.029%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0258%	1h	94.231	−0.168%	$112K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0192%	1h	94.210	−0.191%	$701K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	94.188	−0.214%	$90K	$366K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.204	−0.197%	$1.0M	$3.4M	10x	as long as short
Gate HYPE_USDT	−0.0098%	4h	94.341	−0.052%	$51.6M	$55.3M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.255	−0.143%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0048%	1h	94.326	−0.068%	$18.8M	$35.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0037%	8h	94.346	−0.047%	$318.1M	$294.5M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0010%	4h	94.261	−0.137%	$147K	$678K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.293	−0.103%	$129K	$92K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.352	−0.040%	$1.8M	$5.5M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.232	−0.168%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.257	−0.141%	$113K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.404	+0.015%	$210K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0010%	1h	94.160	−0.243%	$16.3M	$7.5M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.230	−0.170%	$4.7M	$5.9M	50x	as long as short
Bitget HYPEUSDTshort	+0.0030%	4h	94.353	−0.039%	$227.0M	$98.3M	75x
Vest HYPE-PERP	+0.0037%	1h	94.313	−0.082%	—	$190K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0042%	8h	94.314	−0.080%	$337K	$39K	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0045%	1h	94.360	−0.032%	$7.6M	$10.4M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0046%	8h	94.344	−0.049%	$117.8M	$327.7M	50x	as long as short
SoDEX HYPE-USD	+0.0048%	1h	94.319	−0.075%	$2.1M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0075%	8h	94.344	−0.049%	$12.9M	$2.9M	50x	as long as short
edgeX HYPEUSDC	+0.0081%	4h	94.269	−0.129%	$5.0M	$31.0M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.339	−0.054%	$16.2M	$62.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.358	−0.034%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.199	−0.202%	$148K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.220	−0.180%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.183	−0.219%	$7.2M	$51.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.485	+0.101%	$2.07B	$689.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.349	−0.043%	$9.6M	$38.0M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.282	−0.115%	$10.1M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.346	−0.046%	$379.5M	$933.1M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.213	−0.187%	$219K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.378	−0.013%	$93.0M	$86.8M	100x	as long as short
KuCoin HYPEUSDTMlong	+0.0100%	4h	94.390	long leg	$47.1M	$19.0M	75x
BingX HYPE-USDT	+0.0100%	4h	94.353	−0.039%	—	$53.0M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.329	−0.064%	$29.9M	$56.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.308	−0.087%	$7.6M	$44.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.315	−0.079%	$344K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.250	−0.148%	$694K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.299	−0.096%	$497K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.270	−0.127%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.450	+0.064%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.390	0.000%	$18.2M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.329	−0.065%	$399K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.248	−0.150%	$3.1M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.826%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0238%	1h	94.403	+0.014%	$7.5M	$4.4M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.218	−0.182%	$82K	$105K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	94.282	−0.115%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.351	−0.041%	$17.3M	$12.5M	75x	as long as short