HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.03 per $10,000 · paid last 24h −0.010%

Price spread now: Bullet against Pacifica−0.048%7-day average +0.003% · you buy dearer than you sell

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

Long on Pacifica Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+1.194%+$119 · spread now −0.048%, 7d avg +0.003%

Together, before fees+1.181%+ Points / potential airdropPacifica: Active · farm board+$118 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bullet is 0.051% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HYPE	93.297	0.0100	pay 0.0013% / 1h	1m 06s	$10.0M	$14.7M	20x
Short	Bullet HYPE-USD	93.253	0.0077	get 0.0010% / 1h	1m 06s	$111K	$578K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Pacifica. 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 PacificabpFee BulletbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$4.82
Price spread: −0.048% → +0.003%: −$5.05
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$25.87
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 3 min ago; Bullet: live order book, 3 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 Pacifica live order book, 3 min ago	0.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bullet live order book, 3 min ago	0.48 bp	7.4 bp −$7	10.8 bp −$108	doesn't fit	doesn't fit

HYPE on 54 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	−0.1128%	1h	93.234	−0.068%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.152	−0.156%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.296	−0.001%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0063%	1h	93.220	−0.083%	$698K	$904K	10x	as long as short
Phemex HYPEUSDT	−0.0052%	8h	93.290	−0.008%	$12.6M	$2.7M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0051%	4h	93.258	−0.042%	$156K	$640K	20x	as long as short
01 Exchange HYPEUSD	−0.0040%	1h	93.279	−0.019%	$85K	$346K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0012%	1h	93.422	+0.133%	$22K	$21K	10x	as long as short
Aster HYPEUSDT	−0.0001%	4h	93.261	−0.039%	$8.8M	$35.7M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.294	−0.004%	$128K	$31K	5x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.260	−0.040%	$22K	$321K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.273	−0.025%	$25K	—	150x	as long as short
BingX HYPE-USDT	+0.0012%	4h	93.244	−0.057%	—	$53.2M	—	as long as short
Gate HYPE_USDT	+0.0014%	4h	93.242	−0.059%	$44.4M	$55.9M	75x	as long as short
Bybit HYPEUSDT	+0.0015%	8h	93.220	−0.083%	$319.8M	$275.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0021%	1h	93.223	−0.080%	$7.4M	$10.4M	20x	as long as short
Phoenix HYPE	+0.0060%	1h	93.424	+0.136%	$210K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0076%	8h	93.247	−0.054%	$114.5M	$301.0M	50x	as long as short
Bullet HYPE-USDshort	+0.0077%	1h	93.253	−0.048%	$111K	$578K	20x
Binance HYPEUSDT	+0.0080%	4h	93.232	−0.070%	$379.3M	$878.4M	75x	as long as short
MEXC HYPE_USDT	+0.0080%	4h	93.239	−0.062%	$88.0M	$83.5M	100x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	93.380	+0.089%	$5.0M	$30.0M	30x	as long as short
Bluefin HYPE-PERP	+0.0094%	1h	93.201	−0.103%	$79K	$170K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.272	−0.027%	$16.3M	$62.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.264	−0.036%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.261	−0.039%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.331	+0.036%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.280	−0.018%	$12K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.293	−0.005%	$5.7M	$43.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.355	+0.062%	$2.04B	$657.9M	10x	as long as short
Pacifica HYPElong	+0.0100%	1h	93.297	long leg	$10.0M	$14.7M	20x
Bulk HYPE-USD	+0.0100%	1h	93.335	+0.041%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.265	−0.035%	$46.2M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.236	−0.066%	$225.6M	$96.9M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.219	−0.084%	$31.1M	$54.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.419	+0.131%	$7.5M	$46.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.390	+0.099%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.362	+0.069%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.335	+0.040%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.286	−0.012%	$474K	$2.4M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.233	−0.069%	$16.2M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.358	+0.065%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.237	−0.065%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.224	−0.078%	$18.3M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.254	−0.047%	$397K	$172K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.350	+0.057%	$4.9M	$5.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	94.180	+0.946%	$31K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0201%	4h	93.450	+0.164%	$1.4M	$5.9M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.355	+0.062%	$3.2M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0256%	1h	93.234	−0.067%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0278%	8h	93.306	+0.009%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.270	−0.029%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0415%	1h	93.349	+0.056%	$7.4M	$4.4M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0683%	1h	93.331	+0.036%	$20.8M	$30.0M	50x	as long as short