HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0354%/8h= −38.8% APRnext payment −$0.44 per $10,000 · paid last 24h +0.003%

Price spread now: Injective against RISEx−0.182%7-day average +0.131% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.593%+$59 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.182%, 7d avg +0.131%

Together, before fees+0.573%+$57 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Injective is 0.313% cheaper against RISEx than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +0.131%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.593%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HYPE/USDC	94.302	0.0559	pay 0.0070% / 1h	19m 44s	$3.2M	$6.4M	20x
Short	Injective HYPE/USDC PERP	94.130	0.0205	get 0.0026% / 1h	19m 44s	$30K	$339K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.182%Rate

Funding earned: −$74.35
Price spread: −0.182% → +0.131%: −$31.34
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$111.7
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 4 min ago; Injective: live order book, 24 min ago. Net counts fees only.

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, 4 min ago	1.22 bp	4.2 bp −$4	5.4 bp −$54	doesn't fit	doesn't fit
Sell Injective live order book, 24 min ago	56.93 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

HYPE on 54 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	−0.1072%	1h	94.208	−0.099%	$200K	$238K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0189%	1h	94.100	−0.214%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.263	−0.041%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0063%	1h	94.140	−0.171%	$709K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0058%	1h	94.264	−0.040%	$112K	$579K	20x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	94.292	−0.010%	$86K	$368K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0014%	4h	94.223	−0.083%	$146K	$686K	20x	as long as short
Bluefin HYPE-PERP	−0.0001%	1h	94.221	−0.085%	$80K	$155K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.292	−0.010%	$129K	$26K	5x	as long as short
Bybit HYPEUSDT	0.0000%	8h	94.240	−0.065%	$317.4M	$289.2M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	94.262	−0.042%	$19K	$293K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.290	−0.012%	$84K	—	150x	as long as short
Phoenix HYPE	+0.0017%	1h	94.378	+0.081%	$207K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0052%	4h	94.249	−0.056%	$227.2M	$99.3M	75x	as long as short
Phemex HYPEUSDT	+0.0058%	8h	94.162	−0.148%	$12.8M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0078%	8h	94.318	+0.018%	$337K	$157K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	94.249	−0.056%	$1.0M	$4.0M	10x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	94.344	+0.045%	$5.0M	$30.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.260	−0.045%	$16.3M	$64.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.267	−0.037%	$3.2M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.253	−0.051%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.270	−0.033%	$17K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.245	−0.060%	$7.5M	$50.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.365	+0.068%	$2.07B	$687.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.266	−0.038%	$8.8M	$37.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.297	−0.004%	$10.2M	$15.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.260	−0.044%	$377.1M	$933.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.246	−0.059%	$116.3M	$316.8M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.258	−0.046%	$48.9M	$56.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.259	−0.045%	$89.8M	$85.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.282	−0.021%	$46.9M	$18.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.247	−0.058%	—	$53.6M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.223	−0.083%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.229	−0.077%	$29.0M	$56.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.424	+0.130%	$7.6M	$48.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.356	+0.058%	$363K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.221	−0.085%	$682K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.342	+0.043%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.285	−0.017%	$498K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.322	+0.022%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.244	−0.061%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.405	+0.110%	$1.4M	$6.8M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.275	−0.028%	$218K	$15K	10x	as long as short
Kalshi KXHYPEPERP	+0.0103%	8h	94.317	+0.016%	$1.8M	$5.6M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.178	−0.131%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.241	−0.064%	$398K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	94.190	−0.118%	$4.7M	$6.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0022%	1h	94.273	−0.031%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERPshort	+0.0205%	1h	94.130	−0.182%	$30K	$339K	12x
Deribit HYPE_USDC-PERPETUAL	+0.0227%	1h	94.333	+0.033%	$7.5M	$4.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.247	−0.058%	$77K	$129K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.264	−0.040%	$16.9M	$12.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0412%	1h	94.315	+0.014%	$20.2M	$30.4M	50x	as long as short
RISEx HYPE/USDClong	+0.0559%	1h	94.302	long leg	$3.2M	$6.4M	20x