HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h +0.022%

Price spread now: Bullet against Ondo Perps+0.071%7-day average +0.103% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.333%+$33 · spread now +0.071%, 7d avg +0.103%

Together, before fees+0.395%+ Points / potential airdropOndo Perps: Active · farm board+$39 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 Bullet is 0.032% cheaper against Ondo Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.103%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.062%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps HYPE-USD.P	92.800	0.0039	pay 0.0005% / 1h	45m 47s	$698K	$1.1M	10x
Short	Bullet HYPE-USD	92.866	0.0023	get 0.0003% / 1h	45m 47s	$112K	$578K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Ondo Perps. 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 Ondo PerpsbpFee BulletbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$3.41
Price spread: +0.071% → +0.103%: −$3.16
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$19.57
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bullet: live order book, 8 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Bullet live order book, 8 min ago	0.05 bp	5.5 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0824%	1h	92.732	−0.073%	$193K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0263%	1h	92.889	+0.096%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.814	+0.015%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.848	+0.052%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0062%	4h	92.892	+0.099%	$158K	$661K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.854	+0.058%	$127K	$29K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	92.932	+0.142%	$1.8M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	92.876	+0.082%	$22K	$301K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.916	+0.125%	$62K	—	150x	as long as short
Bullet HYPE-USDshort	+0.0023%	1h	92.866	+0.071%	$112K	$578K	20x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix HYPE	+0.0026%	1h	93.017	+0.234%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0034%	8h	92.807	+0.008%	$315.9M	$282.6M	75x	as long as short
Ondo Perps HYPE-USD.Plong	+0.0039%	1h	92.800	long leg	$698K	$1.1M	10x
Phemex HYPEUSDT	+0.0049%	8h	92.922	+0.131%	$12.5M	$2.7M	50x	as long as short
01 Exchange HYPEUSD	+0.0056%	1h	92.898	+0.106%	$87K	$362K	20x	as long as short
Gate HYPE_USDT	+0.0074%	4h	92.853	+0.057%	$44.7M	$53.8M	75x	as long as short
Bitget HYPEUSDT	+0.0076%	4h	92.830	+0.032%	$224.9M	$99.1M	75x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	92.844	+0.047%	$69K	$1.1M	50x	as long as short
Aster HYPEUSDT	+0.0090%	4h	92.872	+0.077%	$8.7M	$36.1M	300x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	92.897	+0.105%	$4.9M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	92.916	+0.125%	$16.1M	$62.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.909	+0.117%	$3.1M	$11.6M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	92.869	+0.074%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.840	+0.043%	$39K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.840	+0.043%	$7.4M	$45.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.930	+0.140%	$2.03B	$665.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.869	+0.074%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.860	+0.065%	$373.4M	$904.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.804	+0.004%	$113.8M	$304.2M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.942	+0.153%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.870	+0.075%	$87.3M	$80.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.879	+0.085%	$46.1M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.823	+0.025%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.900	+0.108%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.879	+0.085%	$28.6M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.944	+0.155%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.890	+0.097%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.889	+0.096%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.925	+0.135%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.910	+0.119%	$468K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.891	+0.098%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.884	+0.091%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.880	+0.086%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.908	+0.116%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.841	+0.044%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.919	+0.128%	$393K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.930	+0.140%	$4.7M	$5.6M	50x	as long as short
HTX HYPE-USDT	+0.0176%	4h	93.064	+0.284%	$1.4M	$6.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.962	+0.174%	$20.6M	$30.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.150	+0.377%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0264%	1h	92.879	+0.085%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.903	+0.111%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.867	+0.072%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0439%	1h	93.004	+0.220%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.907	+0.116%	$3.1M	$6.4M	20x	as long as short