HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0194%/8h= +21.2% APRnext payment +$0.24 per $10,000 · paid last 24h +0.035%

Price spread now: Vest against Ondo Perps+0.123%7-day average +0.084% · you sell dearer than you buy

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

Long on Ondo Perps Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.428%+$43 · spread now +0.123%, 7d avg +0.084%

Together, before fees+0.389%+ Points / potential airdropOndo Perps: Active · Vest: Active · farm board+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Vest is 0.039% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.084%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.039% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps HYPE-USD.P	95.140	−0.0094	get 0.0012% / 1h	2m 28s	$678K	$1.3M	10x
Short	Vest HYPE-PERP	95.257	0.0100	get 0.0013% / 1h	2m 28s	—	$80K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.123%Rate

Funding earned: $40.66
Price spread: +0.123% → +0.084%: $3.88
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Vest: 1 bp × 2 orders: −$2
Net: $37.53
Costs to cover: 0.070%
Break-even: 0.5 days

Slippage unknown: Ondo Perps: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample	—	—	—	—	—

Ondo Perps and Vest: 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 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
Phemex HYPEUSDT	−0.0289%	8h	95.203	+0.066%	$13.0M	$2.3M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.195	+0.058%	$18.4M	$34.6M	50x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.221	+0.085%	$1.1M	$2.7M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0101%	1h	95.235	+0.100%	$22K	$17K	10x	as long as short
Ondo Perps HYPE-USD.Plong	−0.0094%	1h	95.140	long leg	$678K	$1.3M	10x
Hotstuff HYPE-PERP	−0.0080%	1h	95.187	+0.049%	$3K	$421	25x	as long as short
Aster HYPEUSDT	−0.0079%	4h	95.199	+0.062%	$9.1M	$34.3M	300x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	95.210	+0.074%	$100K	$348K	20x	as long as short
Bluefin HYPE-PERP	−0.0066%	1h	95.163	+0.024%	$79K	$132K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0065%	4h	95.183	+0.045%	$148K	$642K	20x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0064%	4h	95.184	+0.046%	$55.8M	$54.1M	75x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.270	+0.137%	$4.8M	$5.5M	50x	as long as short
Bullet HYPE-USD	−0.0050%	1h	95.214	+0.078%	$113K	$582K	20x	as long as short
OKX HYPE-USDT-SWAP	−0.0035%	8h	95.157	+0.018%	$119.4M	$303.4M	50x	as long as short
Bitget HYPEUSDT	−0.0024%	4h	95.184	+0.046%	$230.5M	$86.3M	75x	as long as short
Phoenix HYPE	−0.0008%	1h	95.308	+0.177%	$200K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	95.221	+0.085%	$24K	$251K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.213	+0.077%	$100K	—	150x	as long as short
Lighter HYPE	+0.0008%	1h	95.191	+0.054%	$16.6M	$59.0M	20x	as long as short
Derive HYPE-PERP	+0.0014%	1h	95.000	−0.147%	$16.4M	$7.0M	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0023%	1h	95.262	+0.128%	$7.5M	$4.2M	50x	as long as short
Bybit HYPEUSDT	+0.0036%	8h	95.181	+0.043%	$321.3M	$263.0M	75x	as long as short
edgeX HYPEUSDC	+0.0038%	4h	95.230	+0.095%	$5.1M	$28.1M	30x	as long as short
BingX HYPE-USDT	+0.0044%	4h	95.193	+0.056%	—	$49.2M	—	as long as short
Binance HYPEUSDT	+0.0049%	4h	95.187	+0.049%	$384.3M	$849.6M	75x	as long as short
MEXC HYPE_USDT	+0.0050%	4h	95.195	+0.058%	$90.3M	$85.0M	100x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	95.186	+0.048%	$275K	$999K	50x	as long as short
dYdX HYPE-USD	+0.0059%	1h	95.285	+0.153%	$128K	$96K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0091%	8h	95.193	+0.056%	$340K	$30K	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.208	+0.071%	$3.2M	$10.4M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	95.195	+0.058%	$402K	$125K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.180	+0.042%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.203	+0.067%	$7.3M	$50.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.219	+0.083%	$10.3M	$13.0M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.260	+0.126%	$229K	$20K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.189	+0.052%	$47.6M	$17.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.155	+0.016%	$6.9M	$12.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.230	+0.094%	$29.7M	$52.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.278	+0.145%	$7.7M	$41.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.246	+0.111%	$324K	$926K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.268	+0.135%	$693K	$2.6M	20x	as long as short
Vest HYPE-PERPshort	+0.0100%	1h	95.257	+0.123%	—	$80K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	95.201	+0.064%	$499K	$2.4M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.313	+0.182%	$33K	$1.4M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.181	+0.043%	$2.1M	$335K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.360	+0.231%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.172	+0.034%	$18.3M	$38.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0121%	8h	95.236	+0.101%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.224	+0.088%	$3.1M	$5.2M	20x	as long as short
Hyperliquid HYPE	+0.0153%	1h	95.295	+0.163%	$2.11B	$644.1M	10x	as long as short
BloFin HYPE-USDT	+0.0203%	4h	95.180	+0.042%	$17.4M	$11.6M	75x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	95.143	+0.004%	$85K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.292	+0.159%	$1.4M	—	100x	as long as short
Hibachi HYPE/USDT-P	+0.0856%	1h	95.348	+0.219%	$215K	$279K	7x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.600	+0.483%	$31K	$334K	12x	as long as short