HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.001%

Price spread now: 01 Exchange against Ondo Perps+0.074%7-day average +0.114% · you sell dearer than you buy

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

Long on Ondo Perps Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.074%, 7d avg +0.114%

Together, before fees+0.107%+ Points / potential airdropOndo Perps: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. 01 Exchange is 0.040% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.074% now, against its 7-day average of +0.114%). If the spread goes back, that is −$4 on $10k: about 4.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps HYPE-USD.P	94.150	0.0016	pay 0.0002% / 1h	44m 37s	$705K	$909K	10x
Short	01 Exchange HYPEUSD	94.220	0.0048	get 0.0006% / 1h	44m 37s	$87K	$364K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.074%Rate

Funding earned: $6.72
Price spread: +0.074% → +0.114%: −$3.98
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$9.26
Costs to cover: 0.120%
Break-even: 16.6 days

Slippage unknown: Ondo Perps: no order-book sample; 01 Exchange: live order book, 35 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 01 Exchange live order book, 35 min ago	0.11 bp	6.4 bp −$6	9.1 bp −$91	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	−0.0600%	1h	94.204	+0.057%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0438%	1h	94.104	−0.049%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	94.092	−0.062%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.172	+0.023%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.166	+0.017%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.205	+0.059%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.237	+0.093%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	94.301	+0.160%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0012%	4h	94.196	+0.049%	$165K	$552K	20x	as long as short
Ondo Perps HYPE-USD.Plong	+0.0016%	1h	94.150	long leg	$705K	$909K	10x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	+0.0020%	8h	94.200	+0.053%	$324.9M	$281.8M	75x	as long as short
Aster HYPEUSDT	+0.0044%	4h	94.167	+0.018%	$8.9M	$35.9M	300x	as long as short
01 Exchange HYPEUSDshort	+0.0048%	1h	94.220	+0.074%	$87K	$364K	20x
Phemex HYPEUSDT	+0.0054%	8h	94.184	+0.036%	$12.8M	$2.6M	50x	as long as short
Gate HYPE_USDT	+0.0070%	4h	94.172	+0.023%	$44.3M	$58.4M	75x	as long as short
MEXC HYPE_USDT	+0.0078%	4h	94.138	−0.013%	$88.8M	$81.1M	100x	as long as short
Binance HYPEUSDT	+0.0079%	4h	94.209	+0.063%	$386.0M	$889.7M	75x	as long as short
edgeX HYPEUSDC	+0.0079%	4h	94.119	−0.032%	$5.1M	$29.8M	30x	as long as short
Derive HYPE-PERP	+0.0095%	1h	94.174	+0.025%	$16.5M	$6.9M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.189	+0.041%	$19.1M	$59.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.191	+0.044%	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.210	+0.064%	$64K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.168	+0.020%	$342K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.230	+0.085%	$30K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.204	+0.058%	$5.8M	$44.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.191	+0.043%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.215	+0.069%	$116.1M	$319.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.095	−0.058%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.152	+0.002%	$47.2M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.177	+0.029%	$228.0M	$102.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.158	+0.008%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.216	+0.070%	$7.9M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.203	+0.057%	$31.9M	$53.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.151	+0.001%	$7.6M	$45.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.196	+0.049%	$336K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.199	+0.052%	$681K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.247	+0.103%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.236	+0.091%	$486K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	94.216	+0.070%	$113K	$577K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.199	+0.052%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.200	+0.053%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.201	+0.054%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.160	+0.011%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.159	+0.009%	$18.7M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.238	+0.093%	$401K	$318K	20x	as long as short
Kalshi KXHYPEPERP	+0.0126%	8h	94.267	+0.124%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.210	+0.064%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0231%	4h	94.360	+0.223%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	94.202	+0.055%	$77K	$142K	15x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.244	+0.100%	$2.8M	$6.9M	20x	as long as short
BloFin HYPE-USDT	+0.0315%	4h	94.211	+0.065%	$17.0M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	94.233	+0.089%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0387%	1h	94.310	+0.170%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0575%	1h	94.297	+0.156%	$21.1M	$29.2M	50x	as long as short
Hyperliquid HYPE	+0.0589%	1h	94.255	+0.112%	$2.05B	$668.1M	10x	as long as short