HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0184%/8h= −20.2% APRnext payment −$0.23 per $10,000 · paid last 24h −0.016%

Price spread now: Bluefin against RISEx−0.086%7-day average −0.022% · 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−$39as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on RISEx Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.162%−$16 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.086%, 7d avg −0.022%

Together, before fees−0.116%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bluefin is 0.064% cheaper against RISEx than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HYPE/USDC	94.037	0.0284	pay 0.0036% / 1h	36m 21s	$2.8M	$6.9M	20x
Short	Bluefin HYPE-PERP	93.956	0.0100	get 0.0013% / 1h	36m 21s	$76K	$169K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against RISEx. 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 RISExbpFee BluefinbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$38.68
Price spread: −0.086% → −0.022%: −$6.41
Slippage, 4 orders: −$19.82
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$77.9
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Bluefin: live order book, 43 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 RISEx live order book, 3 min ago	0.69 bp	3.9 bp −$4	6.0 bp −$60	doesn't fit	doesn't fit
Sell Bluefin live order book, 43 min ago	2.73 bp	12.0 bp −$12	doesn't fit	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	−0.0712%	1h	94.024	−0.013%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0400%	1h	94.095	+0.063%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.906	−0.139%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.004	−0.035%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0029%	1h	94.040	+0.004%	$704K	$909K	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.120	+0.089%	$128K	$30K	5x	as long as short
01 Exchange HYPEUSD	0.0000%	1h	93.980	−0.060%	$87K	$366K	20x	as long as short
Perpl HYPE	0.0000%	43m	93.963	−0.078%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.000	−0.039%	$27K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0007%	4h	93.983	−0.057%	$164K	$579K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix HYPE	+0.0009%	1h	94.133	+0.103%	$215K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0009%	1h	93.905	−0.140%	$16.4M	$7.1M	10x	as long as short
Bybit HYPEUSDT	+0.0021%	8h	93.950	−0.092%	$323.4M	$282.7M	75x	as long as short
Aster HYPEUSDT	+0.0034%	4h	93.978	−0.062%	$8.9M	$35.9M	300x	as long as short
Phemex HYPEUSDT	+0.0060%	8h	94.058	+0.023%	$12.8M	$2.6M	50x	as long as short
Binance HYPEUSDT	+0.0070%	4h	93.966	−0.075%	$384.3M	$891.5M	75x	as long as short
MEXC HYPE_USDT	+0.0070%	4h	94.002	−0.037%	$88.5M	$81.3M	100x	as long as short
Gate HYPE_USDT	+0.0078%	4h	93.959	−0.082%	$44.5M	$58.7M	75x	as long as short
edgeX HYPEUSDC	+0.0089%	4h	94.057	+0.022%	$5.1M	$29.8M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.059	+0.024%	$19.0M	$59.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.033	−0.004%	$3.1M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.981	−0.059%	$63K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.975	−0.066%	$400K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.996	−0.044%	$341K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.010	−0.028%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.983	−0.057%	$5.7M	$44.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.018	−0.020%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.960	−0.081%	$115.9M	$319.7M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.986	−0.054%	$47.3M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.974	−0.066%	$227.6M	$102.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.964	−0.077%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.056	+0.021%	$7.9M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.974	−0.066%	$31.3M	$54.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.098	+0.066%	$7.6M	$45.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.094	+0.061%	$335K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.099	+0.066%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.017	−0.021%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.972	−0.069%	$491K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.956	−0.085%	$112K	$578K	20x	as long as short
Bluefin HYPE-PERPshort	+0.0100%	1h	93.956	−0.086%	$76K	$169K	20x
SunX HYPE-USDT	+0.0100%	4h	94.028	−0.009%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.964	−0.077%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.120	+0.089%	$205K	$7K	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.020	−0.018%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.948	−0.095%	$18.4M	$42.7M	50x	as long as short
Kalshi KXHYPEPERP	+0.0137%	8h	94.156	+0.127%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.030	−0.007%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0224%	4h	94.215	+0.190%	$1.5M	$7.8M	75x	as long as short
Reya HYPERUSDPERP	+0.0249%	1h	93.952	−0.090%	$77K	$142K	15x	as long as short
BloFin HYPE-USDT	+0.0280%	4h	94.014	−0.024%	$17.0M	$12.6M	75x	as long as short
RISEx HYPE/USDClong	+0.0284%	1h	94.037	long leg	$2.8M	$6.9M	20x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0163%	1h	93.984	−0.056%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0378%	1h	94.074	+0.040%	$7.4M	$4.6M	50x	as long as short
Hyperliquid HYPE	+0.0396%	1h	94.074	+0.040%	$2.05B	$668.1M	10x	as long as short
Kraken Futures PF_HYPEUSD	+0.0577%	1h	94.085	+0.052%	$21.0M	$29.3M	50x	as long as short