HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.06 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against KuCoin−0.381%98s7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.257% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days+0.355%+$35 · spread now −0.381%, 7d avg −0.034%

Together, before fees+0.368%+ Points / potential airdropedgeX: Active · farm board+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and edgeX is 0.347% cheaper against KuCoin than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.034%). Swap the legs. The two prices were read 98 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	KuCoin HYPEUSDTM	94.454	0.0100	pay 0.0050% / 4h	51m 41s	$47.1M	$18.6M	75x
Short	edgeX HYPEUSDC	94.094	0.0089	get 0.0044% / 4h	51m 41s	$5.0M	$30.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.381%Rate

Funding earned: −$2.34
Price spread: −0.381% → −0.034%: −$34.69
Slippage, 4 orders: −$4.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$62.78
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; edgeX: live order book, 2 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, 7 min ago	0.11 bp	7.5 bp −$8	15.9 bp −$159	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	0.32 bp	4.8 bp −$5	5.0 bp −$50	148.6 bp −$14.9K	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	−0.1120%	1h	94.259	−0.207%	$201K	$234K	7x	as long as short
Bluefin HYPE-PERP	−0.0351%	1h	94.381	−0.077%	$80K	$155K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0209%	1h	94.270	−0.195%	$709K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0144%	1h	94.353	−0.107%	$112K	$575K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0124%	1h	94.291	−0.172%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	94.362	−0.097%	$87K	$366K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.298	−0.165%	$3K	$331	25x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.306	−0.157%	$1.0M	$3.6M	10x	as long as short
Derive HYPE-PERP	−0.0040%	1h	94.307	−0.156%	$16.4M	$7.5M	10x	as long as short
ApeX Omni HYPEUSDT	−0.0034%	1h	94.057	−0.420%	$362K	$1.0M	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	−0.0014%	8h	94.420	−0.036%	$317.8M	$289.5M	75x	as long as short
BingX HYPE-USDT	−0.0012%	4h	94.428	−0.028%	—	$53.5M	—	as long as short
Orderly PERP_HYPE_USDC	−0.0004%	4h	94.337	−0.124%	$146K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.345	−0.115%	$129K	$60K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.417	−0.039%	$1.8M	$5.5M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.351	−0.109%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.328	−0.133%	$19K	$287K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.377	−0.081%	$117K	—	150x	as long as short
Bitget HYPEUSDT	+0.0038%	4h	94.435	−0.020%	$227.1M	$100.1M	75x	as long as short
Phemex HYPEUSDT	+0.0049%	8h	94.374	−0.085%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0058%	8h	94.336	−0.124%	$337K	$156K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.360	−0.100%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0088%	8h	94.434	−0.021%	$117.7M	$324.2M	50x	as long as short
edgeX HYPEUSDCshort	+0.0089%	4h	94.094	−0.381%	$5.0M	$30.6M	30x
Lighter HYPE	+0.0096%	1h	94.436	−0.019%	$16.3M	$63.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.441	−0.014%	$3.2M	$10.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.337	−0.124%	$82K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.310	−0.152%	$17K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.316	−0.146%	$7.1M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.538	+0.089%	$2.08B	$688.8M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.441	−0.014%	$8.8M	$37.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.469	+0.016%	$10.2M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.446	−0.008%	$378.0M	$932.9M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.065	−0.412%	$217K	$12K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.437	−0.018%	$49.5M	$56.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.450	−0.004%	$91.4M	$82.0M	100x	as long as short
KuCoin HYPEUSDTMlong	+0.0100%	4h	94.454	long leg	$47.1M	$18.6M	75x
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.364	−0.095%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.098	−0.377%	$29.2M	$55.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.258	−0.208%	$7.6M	$46.0M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.320	−0.142%	$682K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.380	−0.078%	$496K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.405	−0.052%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.394	−0.064%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.500	+0.049%	$1.4M	$6.8M	75x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.395	−0.062%	—	$243K	5x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.425	−0.030%	$18.3M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.351	−0.109%	$399K	$159K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0021%	1h	94.395	−0.062%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0174%	1h	94.460	+0.006%	$7.5M	$4.3M	50x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.240	−0.227%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.447	−0.008%	$20.3M	$30.2M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.361	−0.099%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.334	−0.127%	$83K	$123K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.219	−0.249%	$17.0M	$12.4M	75x	as long as short