HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.034%

Price spread now: SoDEX against Ondo Perps−0.166%7-day average +0.080% · you buy dearer than you sell

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

Long on Ondo Perps Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.166%, 7d avg +0.080%

Together, before fees+0.292%+ Points / potential airdropOndo Perps: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.246% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of +0.080%). If the spread goes back, that is −$25 on $10k: about 9.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps HYPE-USD.P	93.160	0.0016	pay 0.0002% / 1h	17m 37s	$697K	$1.1M	10x
Short	SoDEX HYPE-USD	93.005	0.0100	get 0.0013% / 1h	17m 37s	$2.0M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SoDEXbpOrdersPrice spread, now −0.166%Rate

Funding earned: $17.64
Price spread: −0.166% → +0.080%: −$24.61
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.97
Costs to cover: 0.130%
Break-even: 14.9 days

Slippage unknown: Ondo Perps: no order-book sample; SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago	0.05 bp	6.8 bp −$7	13.1 bp −$131	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	−0.1736%	1h	92.828	−0.356%	$194K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0303%	1h	92.869	−0.313%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	93.202	+0.045%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.219	+0.063%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0053%	4h	92.984	−0.189%	$145K	$674K	20x	as long as short
Bullet HYPE-USD	−0.0010%	1h	92.993	−0.179%	$112K	$577K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.254	+0.101%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.975	−0.198%	$22K	$292K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.017	−0.154%	$62K	—	150x	as long as short
Ondo Perps HYPE-USD.Plong	+0.0016%	1h	93.160	long leg	$697K	$1.1M	10x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	+0.0024%	1h	93.253	+0.100%	$87K	$365K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	92.923	−0.254%	$208K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0031%	8h	93.211	+0.055%	$317.9M	$284.4M	75x	as long as short
Bitget HYPEUSDT	+0.0042%	4h	93.218	+0.062%	$225.6M	$99.1M	75x	as long as short
Phemex HYPEUSDT	+0.0043%	8h	93.109	−0.055%	$12.6M	$2.7M	50x	as long as short
Popdex HYPEUSDT	+0.0048%	1h	93.215	+0.059%	$76K	$1.1M	50x	as long as short
Gate HYPE_USDT	+0.0076%	4h	93.226	+0.071%	$45.4M	$54.6M	75x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	92.807	−0.379%	$4.9M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.250	+0.097%	$16.0M	$62.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.259	+0.106%	$3.2M	$11.6M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.255	+0.102%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.260	+0.107%	$40K	$1.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.212	+0.056%	$8.7M	$36.3M	300x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.916	−0.261%	$7.4M	$46.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.274	+0.123%	$2.03B	$668.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.256	+0.103%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.238	+0.084%	$375.2M	$910.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.212	+0.056%	$114.2M	$306.2M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.709	−0.484%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.246	+0.092%	$91.7M	$81.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.219	+0.063%	$46.3M	$18.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.219	+0.063%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.183	+0.025%	$7.3M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.839	−0.345%	$28.5M	$57.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.866	−0.315%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.950	−0.225%	$341K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.954	−0.221%	$668K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.007	−0.164%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.971	−0.203%	$487K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.031	−0.138%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.982	−0.191%	$16.0M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.915	−0.263%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDshort	+0.0100%	1h	93.005	−0.166%	$2.0M	$2.0M	10x
HTX HYPE-USDT	+0.0100%	4h	93.283	+0.132%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.189	+0.031%	$18.1M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.000	−0.171%	$393K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0128%	8h	93.156	−0.004%	$1.8M	$5.5M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.140	−0.021%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0196%	1h	93.192	+0.034%	$20.7M	$29.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.150	−0.011%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0266%	1h	92.988	−0.185%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	93.019	−0.152%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.937	−0.239%	$16.8M	$11.8M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0438%	1h	93.100	−0.064%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	93.289	+0.138%	$3.2M	$6.3M	20x	as long as short