HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.025%

Price spread now: 01 Exchange against Lighter−0.018%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on Lighter Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.195%+$20 · spread now −0.018%, 7d avg −0.003%

Together, before fees+0.161%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, 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	Lighter HYPE	93.277	0.0096	pay 0.0012% / 1h	46m 34s	$18.5M	$58.6M	20x
Short	01 Exchange HYPEUSD	93.260	−0.0008	pay 0.0001% / 1h	46m 34s	$90K	$362K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Lighter. 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 LighterbpFee 01 ExchangebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$21.84
Price spread: −0.018% → −0.003%: −$1.52
Slippage, 4 orders: −$9.24
Fee Lighter: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$39.6
Costs to cover: 0.162%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; 01 Exchange: live order book, 38 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 Lighter live order book, 7 min ago	0.00 bp	0.1 bp $0	1.5 bp −$15	11.9 bp −$1,194	44.0 bp −$22.0K
Sell 01 Exchange live order book, 38 min ago	0.05 bp	6.1 bp −$6	10.1 bp −$101	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
Aftermath Perps HYPEUSD	−0.0320%	1h	93.105	−0.185%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.200	−0.082%	$1.2M	$4.0M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.221	−0.060%	$3K	$331	25x	as long as short
Hibachi HYPE/USDT-P	−0.0080%	1h	93.088	−0.202%	$197K	$231K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0027%	1h	93.120	−0.168%	$699K	$925K	10x	as long as short
01 Exchange HYPEUSDshort	−0.0008%	1h	93.260	−0.018%	$90K	$362K	20x
dYdX HYPE-USD	0.0000%	1h	93.264	−0.014%	$127K	$32K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.266	−0.012%	$1.9M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.203	−0.080%	$23K	$331K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.200	−0.082%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0011%	4h	93.269	−0.009%	$8.9M	$36.0M	300x	as long as short
Derive HYPE-PERP	+0.0016%	1h	93.141	−0.146%	$16.3M	$7.1M	10x	as long as short
Popdex HYPEUSDT	+0.0016%	1h	93.227	−0.053%	$57K	$1.2M	50x	as long as short
Bybit HYPEUSDT	+0.0031%	8h	93.224	−0.057%	$324.0M	$286.8M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.178	−0.106%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0039%	4h	93.189	−0.094%	$169K	$520K	20x	as long as short
Gate HYPE_USDT	+0.0064%	4h	93.245	−0.034%	$43.7M	$57.6M	75x	as long as short
Bullet HYPE-USD	+0.0083%	1h	93.144	−0.142%	$112K	$579K	20x	as long as short
Lighter HYPElong	+0.0096%	1h	93.277	long leg	$18.5M	$58.6M	20x
Lighter RH HYPE	+0.0096%	1h	93.262	−0.016%	$3.0M	$12.1M	20x	as long as short
MEXC HYPE_USDT	+0.0098%	4h	93.235	−0.045%	$90.4M	$81.5M	100x	as long as short
Binance HYPEUSDT	+0.0098%	4h	93.246	−0.033%	$383.7M	$892.2M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.259	−0.019%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.230	−0.050%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.189	−0.094%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.285	+0.009%	$2.03B	$671.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.252	−0.027%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.221	−0.060%	$114.1M	$314.4M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.884	−0.421%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.256	−0.022%	$47.2M	$19.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.238	−0.042%	$226.0M	$102.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.221	−0.060%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.259	−0.019%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.887	−0.418%	$28.9M	$50.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.983	−0.315%	$7.5M	$45.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.003	−0.294%	$411K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.000	−0.297%	$673K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.205	−0.077%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.245	−0.034%	$493K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.248	−0.031%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.189	−0.094%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.211	−0.071%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.211	−0.070%	$18.3M	$42.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.190	−0.093%	$396K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	92.923	−0.379%	$5.0M	$29.5M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.170	−0.114%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.170	−0.114%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0246%	1h	93.183	−0.100%	$78K	$158K	15x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.295	+0.020%	$2.8M	$6.8M	20x	as long as short
HTX HYPE-USDT	+0.0285%	4h	93.308	+0.033%	$1.5M	$7.7M	75x	as long as short
Bluefin HYPE-PERP	+0.0304%	1h	93.207	−0.075%	$76K	$168K	20x	as long as short
BloFin HYPE-USDT	+0.0338%	4h	93.191	−0.092%	$17.0M	$12.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0159%	1h	93.193	−0.090%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0394%	1h	93.291	+0.015%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0466%	1h	93.304	+0.029%	$20.8M	$28.6M	50x	as long as short