HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0459%/8h= +50.3% APRnext payment +$0.57 per $10,000 · paid last 24h +0.062%

Price spread now: RISEx against Pacifica−0.021%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$170.173% of the position

Long on Pacifica Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.139%+$14 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.021%, 7d avg 0.000%

Together, before fees+0.166%+ Points / potential airdropPacifica: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.021% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of 0.000%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$14 a day). At the pace of the last 4 days (+0.139% in total) that is about 13 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.139% in total (about 13.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HYPE	93.667	0.0100	pay 0.0013% / 1h	45m 59s	$10.1M	$15.4M	20x
Short	RISEx HYPE/USDC	93.647	0.0559	get 0.0070% / 1h	45m 59s	$3.2M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.021%Rate

Funding earned: $96.4
Price spread: −0.021% → 0.000%: −$2.05
Slippage, 4 orders: −$3.34
Fee Pacifica: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $77
Costs to cover: 0.173%
Break-even: 1.4 days

Slippage from Pacifica: live order book, 3 min ago; RISEx: live order book, 3 min ago.

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	5.7 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	0.75 bp	3.7 bp −$4	5.9 bp −$59	doesn't fit	doesn't fit

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	−0.1096%	1h	93.581	−0.092%	$198K	$242K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0234%	1h	93.764	+0.104%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0125%	1h	93.570	−0.104%	$705K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.621	−0.049%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0071%	1h	93.591	−0.081%	$111K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.625	−0.045%	$86K	$370K	20x	as long as short
Bluefin HYPE-PERP	−0.0035%	1h	93.576	−0.097%	$79K	$156K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0020%	4h	93.559	−0.115%	$145K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.698	+0.033%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.652	−0.016%	$21K	$287K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.634	−0.035%	$63K	—	150x	as long as short
BingX HYPE-USDT	+0.0006%	4h	93.552	−0.123%	—	$53.7M	—	as long as short
Bybit HYPEUSDT	+0.0008%	8h	93.550	−0.125%	$316.0M	$287.9M	75x	as long as short
Phoenix HYPE	+0.0017%	1h	93.687	+0.021%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.575	−0.098%	$225.3M	$99.5M	75x	as long as short
Phemex HYPEUSDT	+0.0074%	8h	93.592	−0.080%	$12.8M	$2.8M	50x	as long as short
edgeX HYPEUSDC	+0.0082%	4h	93.648	−0.020%	$5.0M	$30.6M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0082%	8h	93.656	−0.011%	$335K	$161K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.600	−0.072%	$1.0M	$4.0M	10x	as long as short
Derive HYPE-PERP	+0.0092%	1h	93.549	−0.126%	$16.3M	$7.4M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.596	−0.076%	$16.1M	$63.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.597	−0.075%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.607	−0.064%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.630	−0.040%	$22K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.617	−0.054%	$7.4M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.659	−0.009%	$2.05B	$682.9M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.577	−0.096%	$8.8M	$37.3M	300x	as long as short
Pacifica HYPElong	+0.0100%	1h	93.667	long leg	$10.1M	$15.4M	20x
Binance HYPEUSDT	+0.0100%	4h	93.571	−0.102%	$375.0M	$930.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.560	−0.114%	$115.6M	$316.0M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.558	−0.116%	$48.4M	$55.0M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.572	−0.101%	$90.0M	$83.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.564	−0.110%	$46.2M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.592	−0.080%	$7.2M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.670	+0.003%	$28.6M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.726	+0.063%	$7.6M	$48.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.674	+0.007%	$347K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.649	−0.019%	$678K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.677	+0.011%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.633	−0.036%	$470K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.702	+0.037%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.563	−0.111%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.783	+0.124%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.731	+0.068%	$216K	$15K	10x	as long as short
Kalshi KXHYPEPERP	+0.0102%	8h	93.619	−0.051%	$1.8M	$5.6M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.550	−0.124%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.581	−0.091%	$396K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.610	−0.061%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.640	−0.029%	$30K	$339K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0252%	1h	93.679	+0.013%	$7.4M	$4.2M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.569	−0.105%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.625	−0.045%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.653	−0.015%	$17.0M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0415%	1h	93.648	−0.020%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDCshort	+0.0559%	1h	93.647	−0.021%	$3.2M	$6.4M	20x