HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Extended against Polymarket Perps−0.080%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$140.144% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.080%, 7d avg +0.018%

Together, before fees+0.119%+ Points / potential airdropExtended: Active · farm board+$12 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: Extended is 0.098% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps HYPE-USD	93.732	0.0100	pay 0.0013% / 1h	22m 26s	$491K	$2.4M	20x
Short	Extended HYPE-USD	93.657	0.0104	get 0.0013% / 1h	22m 26s	$18.4M	$42.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Polymarket Perps. 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 Polymarket PerpsbpFee ExtendedbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0.84
Price spread: −0.080% → +0.018%: −$9.83
Slippage, 4 orders: −$1.39
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$23.38
Costs to cover: 0.144%
Break-even: 201.9 days

Slippage from Polymarket Perps: live order book, 1 min ago; Extended: live order book, 2 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 Polymarket Perps live order book, 1 min ago	0.64 bp	4.6 bp −$5	5.3 bp −$53	12.0 bp −$1,199	doesn't fit
Sell Extended live order book, 2 min ago	0.05 bp	2.6 bp −$3	4.0 bp −$40	25.5 bp −$2,545	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	−0.0960%	1h	93.526	−0.220%	$198K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0387%	1h	93.637	−0.102%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.581	−0.161%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0082%	1h	93.450	−0.301%	$703K	$910K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.557	−0.187%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.708	−0.026%	$86K	$366K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0001%	4h	93.709	−0.025%	$168K	$586K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.662	−0.075%	$127K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.712	−0.021%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.737	+0.005%	$26K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0006%	4h	93.699	−0.035%	$8.9M	$36.0M	300x	as long as short
Phoenix HYPE	+0.0009%	1h	93.618	−0.122%	$214K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0017%	8h	93.700	−0.034%	$322.1M	$283.7M	75x	as long as short
Derive HYPE-PERP	+0.0020%	1h	93.662	−0.075%	$16.4M	$7.1M	10x	as long as short
Binance HYPEUSDT	+0.0049%	4h	93.716	−0.017%	$383.0M	$896.4M	75x	as long as short
MEXC HYPE_USDT	+0.0050%	4h	93.633	−0.106%	$87.8M	$81.9M	100x	as long as short
edgeX HYPEUSDC	+0.0062%	4h	93.464	−0.286%	$5.1M	$29.7M	30x	as long as short
Phemex HYPEUSDT	+0.0070%	8h	93.562	−0.181%	$12.7M	$2.6M	50x	as long as short
Gate HYPE_USDT	+0.0076%	4h	93.698	−0.036%	$44.0M	$59.7M	75x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	93.735	+0.003%	$59K	$1.2M	50x	as long as short
Bullet HYPE-USD	+0.0093%	1h	93.707	−0.027%	$113K	$576K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.662	−0.075%	$18.8M	$60.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.598	−0.143%	$3.0M	$12.3M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.730	−0.002%	$399K	$318K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0099%	8h	93.690	−0.045%	$115.5M	$321.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.674	−0.062%	$340K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.650	−0.087%	$16K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.665	−0.072%	$5.7M	$44.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.657	−0.080%	$10.1M	$14.5M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.625	−0.114%	$204K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.711	−0.022%	$46.4M	$18.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.714	−0.019%	$227.0M	$102.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.696	−0.038%	—	$54.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.574	−0.169%	$7.8M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.574	−0.168%	$31.2M	$54.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.619	−0.121%	$7.6M	$45.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.485	−0.264%	$358K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.514	−0.233%	$676K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.699	−0.035%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USDlong	+0.0100%	1h	93.732	long leg	$491K	$2.4M	20x
Bluefin HYPE-PERP	+0.0100%	1h	93.699	−0.035%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.570	−0.173%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.548	−0.196%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.410	+0.723%	$31K	$338K	12x	as long as short
Extended HYPE-USDshort	+0.0104%	1h	93.657	−0.080%	$18.4M	$42.8M	50x
Kalshi KXHYPEPERP	+0.0134%	8h	93.585	−0.157%	$1.9M	$5.0M	2.3x	as long as short
Hyperliquid HYPE	+0.0150%	1h	93.759	+0.029%	$2.04B	$677.3M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	93.610	−0.130%	$4.9M	$5.7M	50x	as long as short
BloFin HYPE-USDT	+0.0203%	4h	93.528	−0.218%	$17.1M	$12.6M	75x	as long as short
HTX HYPE-USDT	+0.0206%	4h	93.745	+0.014%	$1.5M	$7.8M	75x	as long as short
Reya HYPERUSDPERP	+0.0249%	1h	93.690	−0.045%	$77K	$142K	15x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	93.741	+0.009%	$2.8M	$6.9M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0337% / S −0.0163%	1h	93.733	+0.001%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0550%	1h	93.822	+0.096%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0580%	1h	93.633	−0.106%	$20.9M	$29.5M	50x	as long as short