HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0172%/8h= −18.8% APRnext payment −$0.21 per $10,000 · paid last 24h −0.031%

Price spread now: 01 Exchange against Pacifica−0.051%7-day average +0.012% · 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−$30as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on Pacifica Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.174%+$17 · spread now −0.051%, 7d avg +0.012%

Together, before fees+0.130%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and 01 Exchange is 0.063% cheaper against Pacifica than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HYPE	93.818	0.0100	pay 0.0013% / 1h	55m 32s	$10.1M	$15.4M	20x
Short	01 Exchange HYPEUSD	93.770	−0.0072	pay 0.0009% / 1h	55m 32s	$86K	$372K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.051%Rate

Funding earned: −$36.12
Price spread: −0.051% → +0.012%: −$6.3
Slippage, 4 orders: −$8.38
Fee Pacifica: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$65.79
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; 01 Exchange: live order book, 54 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, 4 min ago	0.05 bp	5.0 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 54 min ago	0.37 bp	7.1 bp −$7	13.8 bp −$138	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	−0.1224%	1h	93.798	−0.021%	$199K	$243K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0272%	1h	94.032	+0.228%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.992	+0.185%	$3K	$331	25x	as long as short
01 Exchange HYPEUSDshort	−0.0072%	1h	93.770	−0.051%	$86K	$372K	20x
Ondo Perps HYPE-USD.P	−0.0044%	1h	93.730	−0.094%	$707K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0017%	4h	93.765	−0.056%	$149K	$680K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.813	−0.006%	$129K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.831	+0.014%	$22K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.823	+0.005%	$63K	—	150x	as long as short
Bluefin HYPE-PERP	+0.0003%	1h	93.785	−0.035%	$79K	$166K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	+0.0012%	4h	93.781	−0.039%	—	$53.8M	—	as long as short
Bybit HYPEUSDT	+0.0016%	8h	93.745	−0.078%	$316.8M	$287.3M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.872	+0.058%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.798	−0.021%	$226.0M	$99.4M	75x	as long as short
Phemex HYPEUSDT	+0.0060%	8h	93.818	0.000%	$12.8M	$2.8M	50x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	93.922	+0.111%	$5.0M	$30.4M	30x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.759	−0.063%	$1.0M	$4.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0089%	1h	93.802	−0.017%	$348K	$1.0M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0090%	8h	93.827	+0.010%	$341K	$158K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.785	−0.035%	$16.2M	$63.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.794	−0.026%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.750	−0.072%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.750	−0.072%	$20K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.794	−0.025%	$6.3M	$50.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.884	+0.070%	$2.05B	$683.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.761	−0.060%	$8.9M	$37.3M	300x	as long as short
Pacifica HYPElong	+0.0100%	1h	93.818	long leg	$10.1M	$15.4M	20x
Binance HYPEUSDT	+0.0100%	4h	93.763	−0.058%	$376.0M	$929.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.775	−0.046%	$115.8M	$316.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.213	+0.422%	$217K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.770	−0.051%	$48.3M	$54.8M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.779	−0.042%	$89.0M	$83.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.795	−0.025%	$46.3M	$18.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.817	−0.001%	$7.2M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.759	−0.063%	$28.7M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.839	+0.022%	$7.7M	$47.9M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.875	+0.061%	$680K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.871	+0.057%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.818	0.000%	$476K	$2.8M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.804	−0.015%	$112K	$581K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.774	−0.047%	$16.4M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.893	+0.080%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.779	−0.042%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.965	+0.157%	$1.4M	$6.6M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.739	−0.084%	$18.3M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.797	−0.022%	$396K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0110%	8h	93.901	+0.088%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.870	+0.055%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.760	−0.062%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	93.794	−0.026%	$77K	$130K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0315%	1h	93.888	+0.075%	$7.4M	$4.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.819	+0.001%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.808	−0.011%	$17.1M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0414%	1h	93.865	+0.050%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.798	−0.021%	$3.2M	$6.4M	20x	as long as short