HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter against Pacifica−0.010%7-day average +0.027% · you buy dearer than you sell

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

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.010%, 7d avg +0.027%

Together, before fees+0.107%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.037% cheaper against Pacifica than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HYPE	93.252	0.0100	pay 0.0013% / 1h	11m 21s	$10.0M	$14.8M	20x
Short	Lighter HYPE	93.243	0.0096	get 0.0012% / 1h	11m 21s	$16.2M	$62.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$0.84
Price spread: −0.010% → +0.027%: −$3.7
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.54
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 3 min ago; Lighter: 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 Pacifica live order book, 3 min ago	0.05 bp	4.3 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	0.00 bp	0.8 bp −$1	2.8 bp −$28	10.4 bp −$1,040	36.9 bp −$18.4K

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	−0.1000%	1h	93.101	−0.162%	$197K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.117	−0.145%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0130%	1h	93.170	−0.088%	$698K	$1.0M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.234	−0.019%	$3K	$331	25x	as long as short
Aftermath Perps HYPEUSD	−0.0064%	1h	93.218	−0.037%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.262	+0.011%	$85K	$345K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0048%	4h	93.270	+0.019%	$155K	$654K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.241	−0.011%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.238	−0.015%	$23K	$319K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.268	+0.017%	$63K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet HYPE-USD	+0.0008%	1h	93.226	−0.028%	$111K	$579K	20x	as long as short
Phemex HYPEUSDT	+0.0015%	8h	93.131	−0.130%	$12.6M	$2.7M	50x	as long as short
Aster HYPEUSDT	+0.0018%	4h	93.252	0.000%	$8.8M	$35.9M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.156	−0.103%	$212K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0036%	4h	93.251	−0.001%	—	$52.9M	—	as long as short
Gate HYPE_USDT	+0.0046%	4h	93.250	−0.002%	$44.6M	$55.5M	75x	as long as short
Bybit HYPEUSDT	+0.0047%	8h	93.260	+0.009%	$320.8M	$276.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0077%	8h	93.273	+0.023%	$113.7M	$299.5M	50x	as long as short
Derive HYPE-PERP	+0.0094%	1h	93.100	−0.163%	$16.1M	$7.5M	10x	as long as short
Lighter HYPEshort	+0.0096%	1h	93.243	−0.010%	$16.2M	$62.1M	20x
Lighter RH HYPE	+0.0096%	1h	93.248	−0.004%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.243	−0.010%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.280	+0.030%	$339K	$162K	20x	as long as short
MEXC HYPE_USDT	+0.0098%	4h	93.248	−0.004%	$89.5M	$81.2M	100x	as long as short
Binance HYPEUSDT	+0.0098%	4h	93.257	+0.006%	$377.1M	$880.2M	75x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.230	−0.024%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.243	−0.010%	$5.8M	$43.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.298	+0.049%	$2.03B	$657.5M	10x	as long as short
Pacifica HYPElong	+0.0100%	1h	93.252	long leg	$10.0M	$14.8M	20x
KuCoin HYPEUSDTM	+0.0100%	4h	93.256	+0.004%	$45.9M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.245	−0.008%	$225.5M	$96.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.115	−0.147%	$7.3M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.377	+0.134%	$31.1M	$53.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.122	−0.139%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.125	−0.136%	$338K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.143	−0.117%	$665K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.261	+0.010%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.276	+0.026%	$473K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.268	+0.017%	$79K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.158	−0.101%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.125	−0.136%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.155	−0.104%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.191	−0.066%	$18.3M	$42.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.121	−0.141%	$396K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0112%	4h	93.083	−0.182%	$5.0M	$28.9M	30x	as long as short
HTX HYPE-USDT	+0.0138%	4h	93.247	−0.005%	$1.4M	$6.0M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.150	−0.109%	$4.8M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0259%	1h	93.236	−0.017%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0269%	8h	93.154	−0.105%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.269	+0.019%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0339%	4h	93.088	−0.176%	$17.0M	$11.5M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0394%	1h	93.217	−0.038%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.338	+0.092%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.730	+0.513%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0687%	1h	93.182	−0.075%	$20.7M	$29.8M	50x	as long as short