Funding you earn now, next payment 05:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Extended against Lighter RH−0.080%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$90.088% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 7 days+0.113%+$11 · spread now −0.080%, 7d avg −0.026%
=Together, before fees+0.196%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board+$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.053% cheaper against Lighter RH than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH HYPE | 92.842 | 0.0096 | pay 0.0012% / 1h | 45m 31s | $3.1M | $11.6M | 20x |
| Short | Extended HYPE-USD | 92.768 | 0.0104 | get 0.0013% / 1h | 45m 31s | $18.0M | $43.6M | 50x |
Lighter RH HYPE
Extended HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1.68
- Price spread: −0.080% → −0.026%
- −$5.34
- Slippage, 4 orders
- −$3.82
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$12.48
- Costs to cover
- 0.088%
- Break-even
- 59.0 days
Slippage from Lighter RH: live order book, 3 min ago; Extended: live order book, 4 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, 3 min ago | 1.40 bp | 1.5 bp −$1 | 3.3 bp −$33 | 29.5 bp −$2,953 | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.05 bp | 2.6 bp −$3 | 3.9 bp −$39 | 22.8 bp −$2,275 | 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 | −0.0904% | 1h | 92.783 | −0.064% | $193K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0263% | 1h | 92.889 | +0.051% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.774 | −0.073% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.917 | +0.081% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0062% | 4h | 92.892 | +0.054% | $158K | $661K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.854 | +0.013% | $127K | $29K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 92.932 | +0.097% | $1.8M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.845 | +0.003% | $22K | $301K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.916 | +0.079% | $62K | — | 150x | as long as short |
| Gate HYPE_USDT | +0.0008% | 4h | 92.797 | −0.048% | $44.7M | $53.8M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Gate HYPE_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps HYPE-USD.P | +0.0019% | 1h | 92.820 | −0.024% | $698K | $1.1M | 10x | as long as short |
| Bullet HYPE-USD | +0.0023% | 1h | 92.866 | +0.026% | $112K | $578K | 20x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 92.899 | +0.061% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 92.790 | −0.056% | $315.9M | $282.6M | 75x | as long as short |
| 01 Exchange HYPEUSD | +0.0048% | 1h | 92.837 | −0.005% | $87K | $362K | 20x | as long as short |
| Phemex HYPEUSDT | +0.0049% | 8h | 92.922 | +0.086% | $12.5M | $2.7M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0074% | 4h | 92.789 | −0.057% | $224.8M | $99.1M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 92.804 | −0.041% | $70K | $1.1M | 50x | as long as short |
| Aster HYPEUSDT | +0.0090% | 4h | 92.821 | −0.022% | $8.7M | $36.1M | 300x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.828 | −0.015% | $16.0M | $62.4M | 20x | as long as short |
| Lighter RH HYPElong | +0.0096% | 1h | 92.842 | long leg | $3.1M | $11.6M | 20x | |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 92.824 | −0.019% | $339K | $163K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0099% | 4h | 92.872 | +0.032% | $4.9M | $29.6M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.800 | −0.045% | $39K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.805 | −0.040% | $7.4M | $45.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.854 | +0.013% | $2.02B | $665.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.822 | −0.022% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.803 | −0.042% | $373.2M | $904.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.799 | −0.046% | $113.8M | $304.2M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.942 | +0.107% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.801 | −0.044% | $87.2M | $80.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.842 | 0.000% | $46.0M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.800 | −0.045% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.900 | +0.062% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.879 | +0.040% | $28.6M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.944 | +0.110% | $7.5M | $46.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.852 | +0.011% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.859 | +0.018% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.866 | +0.026% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.839 | −0.003% | $468K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.891 | +0.053% | $79K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.884 | +0.045% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.880 | +0.041% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.908 | +0.071% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USDshort | +0.0104% | 1h | 92.768 | −0.080% | $18.0M | $43.6M | 50x | |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.919 | +0.083% | $393K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 92.930 | +0.095% | $4.7M | $5.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0176% | 4h | 93.064 | +0.239% | $1.4M | $6.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.962 | +0.129% | $20.6M | $30.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.150 | +0.332% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0264% | 1h | 92.794 | −0.052% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.903 | +0.066% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.867 | +0.027% | $16.7M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0439% | 1h | 93.004 | +0.174% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 92.871 | +0.031% | $3.1M | $6.4M | 20x | as long as short |
Ondo Perps HYPE-USD.P
Bullet HYPE-USD
Phoenix HYPE
Bybit HYPEUSDT
01 Exchange HYPEUSD
Phemex HYPEUSDT
Bitget HYPEUSDT
Popdex HYPEUSDT
Aster HYPEUSDT
Lighter HYPE
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC