HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.24 per $10,000 · paid last 24h −0.027%

Price spread now: OKX against Paradex+0.016%7-day average −0.035% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on Paradex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.016%, 7d avg −0.035%

Together, before fees−0.089%+ Points / potential airdropParadex: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.051% dearer against Paradex than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.035%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex HYPE-USD-PERP	92.863	0.0095	pay 0.0095% / 8h	5h 04m	$339K	$163K	20x
Short	OKX HYPE-USDT-SWAP	92.878	0.0071	get 0.0071% / 8h	5h 04m	$113.2M	$299.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Paradex. 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 ParadexbpFee OKXbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$5.1
Price spread: +0.016% → −0.035%: $5.08
Slippage, 4 orders: −$4.83
Fee Paradex: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$18.85
Costs to cover: 0.188%
Break-even: never at this rate

Slippage from Paradex: live order book, 60 min ago; OKX: live order book, 5 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 Paradex live order book, 60 min ago	1.28 bp	3.3 bp −$3	8.5 bp −$85	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.05 bp	5.2 bp −$5	8.9 bp −$89	18.0 bp −$1,800	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
Arcus HYPE-USD	−0.0899%	1h	92.708	−0.167%	$1.2M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0896%	1h	92.844	−0.021%	$195K	$227K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0129%	1h	92.760	−0.111%	$698K	$1.0M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0091%	1h	93.018	+0.167%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.841	−0.024%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	92.787	−0.082%	$86K	$348K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0055%	4h	92.815	−0.052%	$158K	$658K	20x	as long as short
Bullet HYPE-USD	−0.0002%	1h	92.826	−0.041%	$111K	$579K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.903	+0.043%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.818	−0.049%	$23K	$309K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0001%	4h	92.865	+0.002%	$8.8M	$36.0M	300x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.861	−0.003%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0023%	8h	92.879	+0.017%	$12.5M	$2.7M	50x	as long as short
Phoenix HYPE	+0.0026%	1h	93.003	+0.150%	$212K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0038%	4h	92.890	+0.029%	—	$53.1M	—	as long as short
Bybit HYPEUSDT	+0.0044%	8h	92.882	+0.020%	$319.5M	$277.2M	75x	as long as short
Gate HYPE_USDT	+0.0044%	4h	92.874	+0.011%	$44.4M	$55.9M	75x	as long as short
Derive HYPE-PERP	+0.0067%	1h	92.818	−0.049%	$16.1M	$7.5M	10x	as long as short
OKX HYPE-USDT-SWAPshort	+0.0071%	8h	92.878	+0.016%	$113.2M	$299.0M	50x
MEXC HYPE_USDT	+0.0086%	4h	92.884	+0.022%	$88.7M	$81.5M	100x	as long as short
Binance HYPEUSDT	+0.0086%	4h	92.878	+0.016%	$375.7M	$882.9M	75x	as long as short
Paradex HYPE-USD-PERPlong	+0.0095%	8h	92.863	long leg	$339K	$163K	20x
Lighter HYPE	+0.0096%	1h	92.906	+0.046%	$16.1M	$62.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.898	+0.037%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.811	−0.056%	$67K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	92.800	−0.068%	$20K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.827	−0.039%	$5.8M	$43.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.937	+0.079%	$2.03B	$654.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.857	−0.006%	$10.0M	$14.8M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.906	+0.046%	$46.0M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.887	+0.025%	$224.5M	$96.5M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.867	+0.004%	$7.4M	$10.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.797	−0.072%	$31.2M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.172	+0.332%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.081	+0.234%	$338K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.886	+0.024%	$664K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.860	−0.003%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.865	+0.002%	$469K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.821	−0.046%	$79K	$169K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.921	+0.062%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.891	+0.030%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.810	−0.058%	$202K	$13K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.842	−0.024%	$18.3M	$42.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.866	+0.003%	$395K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	92.971	+0.115%	$5.0M	$29.0M	30x	as long as short
HTX HYPE-USDT	+0.0108%	4h	93.023	+0.172%	$1.4M	$6.1M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	92.920	+0.061%	$4.7M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0259%	1h	92.816	−0.051%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0267%	8h	92.902	+0.042%	$1.9M	$5.2M	2.3x	as long as short
BloFin HYPE-USDT	+0.0326%	4h	92.824	−0.042%	$16.9M	$11.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	92.858	−0.006%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0460%	1h	92.983	+0.129%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	92.921	+0.062%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.390	+0.567%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0688%	1h	92.955	+0.099%	$20.7M	$30.0M	50x	as long as short