HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.030%

Price spread now: dYdX against Lighter RH+0.052%89s7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as 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−$630.633% of the position

Long on Lighter RH Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.052%, 7d avg −0.007%

Together, before fees−0.130%+ Points / potential airdropLighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.058% dearer against Lighter RH than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.007%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.097% in total) that is about 4.2 days. The two prices were read 89 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	Lighter RH HYPE	94.942	0.0096	pay 0.0012% / 1h	47m 05s	$3.4M	$10.1M	20x
Short	dYdX HYPE-USD	94.991	0	get 0.0000% / 1h	47m 05s	$129K	$94K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Lighter RH. 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 Lighter RHbpFee dYdXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$20.16
Price spread: +0.052% → −0.007%: $5.81
Slippage, 4 orders: −$53.32
Fee Lighter RH: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$77.66
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; dYdX: live order book, 65 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 RH live order book, 5 min ago	0.79 bp	1.7 bp −$2	5.2 bp −$52	20.3 bp −$2,025	doesn't fit
Sell dYdX live order book, 65 min ago	17.79 bp	22.8 bp −$23	64.5 bp −$645	144.8 bp −$14.5K	1007.6 bp −$503.8K

HYPE on 54 exchanges

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	−0.0968%	1h	94.937	−0.005%	$220K	$269K	7x	as long as short
Phemex HYPEUSDT	−0.0253%	8h	94.982	+0.042%	$12.9M	$2.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0252%	1h	94.937	−0.005%	$18.5M	$35.2M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0194%	1h	94.910	−0.034%	$689K	$1.2M	10x	as long as short
Lighter HYPE	−0.0192%	1h	94.934	−0.009%	$16.3M	$57.6M	20x	as long as short
01 Exchange HYPEUSD	−0.0136%	1h	94.923	−0.020%	$99K	$342K	20x	as long as short
Arcus HYPE-USD	−0.0130%	1h	94.922	−0.021%	$1.1M	$2.4M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0118%	1h	95.116	+0.183%	$22K	$17K	10x	as long as short
Gate HYPE_USDT	−0.0098%	4h	94.964	+0.023%	$54.8M	$53.2M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.191	+0.262%	$3K	$331	25x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni HYPEUSDT	−0.0068%	1h	95.141	+0.210%	$342K	$887K	50x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	94.910	−0.034%	$4.7M	$5.5M	50x	as long as short
Aster HYPEUSDT	−0.0054%	4h	94.983	+0.043%	$8.9M	$32.7M	300x	as long as short
Popdex HYPEUSDT	−0.0048%	1h	94.924	−0.019%	$273K	$1.0M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0047%	4h	94.888	−0.057%	$147K	$643K	20x	as long as short
Bullet HYPE-USD	−0.0037%	1h	94.924	−0.019%	$113K	$581K	20x	as long as short
OKX HYPE-USDT-SWAP	−0.0015%	8h	94.997	+0.058%	$119.0M	$303.0M	50x	as long as short
Phoenix HYPE	−0.0008%	1h	94.963	+0.022%	$199K	$1.1M	10x	as long as short
SoDEX HYPE-USD	0.0000%	1h	94.925	−0.018%	$2.1M	$339K	10x	as long as short
dYdX HYPE-USDshort	0.0000%	1h	94.991	+0.052%	$129K	$94K	5x
Perpl HYPE	0.0000%	43m	94.949	+0.008%	$24K	$250K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	0.0000%	1h	95.011	+0.073%	$7.5M	$4.3M	50x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.975	+0.035%	$99K	—	150x	as long as short
Bitget HYPEUSDT	+0.0014%	4h	95.010	+0.072%	$228.4M	$86.8M	75x	as long as short
Bybit HYPEUSDT	+0.0017%	8h	95.010	+0.072%	$319.9M	$264.8M	75x	as long as short
StandX HYPE-USD	+0.0067%	1h	95.057	+0.121%	$691K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0067%	1h	94.911	−0.033%	$79K	$135K	20x	as long as short
Binance HYPEUSDT	+0.0069%	4h	95.002	+0.063%	$381.8M	$850.2M	75x	as long as short
edgeX HYPEUSDC	+0.0072%	4h	95.113	+0.180%	$5.1M	$29.2M	30x	as long as short
Bulk HYPE-USD	+0.0074%	1h	95.269	+0.344%	$232K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0076%	4h	94.925	−0.018%	$89.9M	$83.5M	100x	as long as short
Paradex HYPE-USD-PERP	+0.0077%	8h	94.959	+0.018%	$339K	$30K	20x	as long as short
BingX HYPE-USDT	+0.0092%	4h	94.964	+0.023%	—	$49.0M	—	as long as short
Lighter RH HYPElong	+0.0096%	1h	94.942	long leg	$3.4M	$10.1M	20x
Katana Perps HYPE-USD	+0.0099%	8h	94.890	−0.055%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.955	+0.014%	$7.3M	$51.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.088	+0.154%	$2.11B	$646.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.991	+0.052%	$10.2M	$13.2M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.921	−0.022%	$47.2M	$17.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.000	+0.061%	$7.3M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.111	+0.178%	$30.0M	$53.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.984	+0.044%	$7.7M	$38.7M	10x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.992	+0.052%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.957	+0.016%	$504K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.986	+0.046%	$32K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.054	+0.118%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.971	+0.031%	$18.4M	$39.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.901	−0.043%	$401K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0125%	8h	95.030	+0.093%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.932	−0.011%	$3.2M	$5.5M	20x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	94.908	−0.036%	$85K	$92K	15x	as long as short
BloFin HYPE-USDT	+0.0307%	4h	94.897	−0.047%	$17.3M	$11.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	94.960	+0.019%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.500	+0.588%	$31K	$334K	12x	as long as short