HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.52 per $10,000 · paid last 24h +0.048%

Price spread now: HTX against KuCoin+0.070%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$390.385% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.070%, 7d avg +0.052%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HYPEUSDTM	93.435	0.0100	pay 0.0050% / 4h	1h 46m	$46.0M	$18.1M	75x
Short	HTX HYPE-USDT	93.500	0.0203	get 0.0102% / 4h	1h 46m	$1.4M	$6.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $21.66
Price spread: +0.070% → +0.052%: $1.75
Slippage, 4 orders: −$14.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$15.13
Costs to cover: 0.385%
Break-even: 11.9 days

Slippage from KuCoin: live order book, 3 min ago; HTX: live order book, 3 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, 3 min ago	0.43 bp	10.0 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	0.05 bp	10.9 bp −$11	17.0 bp −$170	62.0 bp −$6,199	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	−0.1208%	1h	93.237	−0.212%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.226	−0.224%	$1.2M	$3.8M	10x	as long as short
Bluefin HYPE-PERP	−0.0177%	1h	93.373	−0.066%	$79K	$170K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.299	−0.146%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0072%	8h	93.372	−0.067%	$12.6M	$2.7M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0047%	4h	93.374	−0.065%	$156K	$630K	20x	as long as short
01 Exchange HYPEUSD	−0.0040%	1h	93.387	−0.051%	$85K	$346K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0030%	1h	93.294	−0.151%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0001%	1h	93.280	−0.166%	$698K	$970K	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.346	−0.095%	$128K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.345	−0.097%	$23K	$322K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.393	−0.045%	$62K	—	150x	as long as short
BingX HYPE-USDT	+0.0008%	4h	93.365	−0.075%	—	$53.0M	—	as long as short
Aster HYPEUSDT	+0.0008%	4h	93.385	−0.054%	$8.8M	$35.6M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.418	−0.018%	$213K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0028%	8h	93.390	−0.048%	$322.6M	$276.3M	75x	as long as short
Bullet HYPE-USD	+0.0053%	1h	93.377	−0.062%	$111K	$577K	20x	as long as short
Gate HYPE_USDT	+0.0056%	4h	93.385	−0.054%	$44.6M	$54.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0078%	8h	93.410	−0.027%	$114.4M	$301.9M	50x	as long as short
MEXC HYPE_USDT	+0.0088%	4h	93.423	−0.013%	$88.0M	$80.1M	100x	as long as short
Binance HYPEUSDT	+0.0090%	4h	93.416	−0.020%	$379.3M	$876.5M	75x	as long as short
Lighter HYPE	+0.0096%	1h	93.416	−0.021%	$16.3M	$61.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.404	−0.033%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.368	−0.072%	$68K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.378	−0.061%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.340	−0.102%	$19K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.311	−0.133%	$5.8M	$43.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.433	−0.002%	$2.04B	$653.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.350	−0.091%	$10.0M	$14.6M	20x	as long as short
KuCoin HYPEUSDTMlong	+0.0100%	4h	93.435	long leg	$46.0M	$18.1M	75x
Bitget HYPEUSDT	+0.0100%	4h	93.447	+0.013%	$226.0M	$96.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.261	−0.186%	$7.4M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.277	−0.169%	$31.1M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.362	−0.078%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.280	−0.166%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.252	−0.196%	$665K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.403	−0.034%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.396	−0.042%	$475K	$2.5M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.373	−0.066%	$16.2M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.479	+0.047%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.400	−0.037%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.998	−0.468%	$202K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.373	−0.067%	$18.2M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.385	−0.053%	$397K	$170K	20x	as long as short
edgeX HYPEUSDC	+0.0104%	4h	93.274	−0.172%	$5.0M	$29.9M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.450	+0.016%	$4.9M	$5.4M	50x	as long as short
HTX HYPE-USDTshort	+0.0203%	4h	93.500	+0.070%	$1.4M	$6.0M	75x
Reya HYPERUSDPERP	+0.0257%	1h	93.366	−0.074%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0280%	8h	93.394	−0.044%	$1.9M	$5.0M	2.3x	as long as short
BloFin HYPE-USDT	+0.0329%	4h	93.267	−0.180%	—	$11.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0156%	1h	93.398	−0.039%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0392%	1h	93.481	+0.049%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.437	+0.002%	$3.2M	$6.5M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.150	−0.305%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.452	+0.018%	$20.8M	$30.1M	50x	as long as short