HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0164%/8h= −18.0% APRnext payment −$0.21 per $10,000 · paid last 24h −0.031%

Price spread now: 01 Exchange against SoDEX+0.047%7-day average +0.029% · 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−$24as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on SoDEX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.047%, 7d avg +0.029%

Together, before fees−0.018%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX HYPE-USD	93.517	0.0100	pay 0.0013% / 1h	42m 12s	$2.0M	$1.9M	10x
Short	01 Exchange HYPEUSD	93.561	−0.0064	pay 0.0008% / 1h	42m 12s	$86K	$370K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against SoDEX. 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 SoDEXbpFee 01 ExchangebpOrdersPrice spread, now +0.047%Rate

Funding earned: −$34.44
Price spread: +0.047% → +0.029%: $1.79
Slippage, 4 orders: −$11.11
Fee SoDEX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$58.76
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; 01 Exchange: 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 SoDEX live order book, 2 min ago	0.21 bp	7.1 bp −$7	11.8 bp −$118	98.9 bp −$9,893	doesn't fit
Sell 01 Exchange live order book, 2 min ago	0.05 bp	5.7 bp −$6	9.7 bp −$97	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	−0.1080%	1h	93.575	+0.062%	$198K	$241K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0222%	1h	93.677	+0.171%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0130%	1h	93.470	−0.050%	$705K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.505	−0.013%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0075%	1h	93.502	−0.016%	$111K	$580K	20x	as long as short
01 Exchange HYPEUSDshort	−0.0064%	1h	93.561	+0.047%	$86K	$370K	20x
Bluefin HYPE-PERP	−0.0030%	1h	93.542	+0.027%	$79K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0022%	4h	93.495	−0.024%	$145K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.525	+0.009%	$128K	$28K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.595	+0.083%	$1.8M	$5.6M	2.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.499	−0.019%	$20K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.550	+0.035%	$83K	—	150x	as long as short
BingX HYPE-USDT	+0.0004%	4h	93.493	−0.026%	—	$53.7M	—	as long as short
Bybit HYPEUSDT	+0.0005%	8h	93.480	−0.040%	$315.6M	$288.6M	75x	as long as short
Derive HYPE-PERP	+0.0013%	1h	93.471	−0.050%	$16.3M	$7.4M	10x	as long as short
Phoenix HYPE	+0.0017%	1h	93.654	+0.146%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.500	−0.018%	$225.3M	$99.6M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0077%	8h	93.536	+0.020%	$334K	$161K	20x	as long as short
edgeX HYPEUSDC	+0.0082%	4h	93.576	+0.063%	$5.0M	$30.6M	30x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.486	−0.033%	$1.0M	$4.0M	10x	as long as short
Phemex HYPEUSDT	+0.0086%	8h	93.550	+0.035%	$12.8M	$2.8M	50x	as long as short
Popdex HYPEUSDT	+0.0088%	1h	93.510	−0.007%	$78K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.513	−0.004%	$16.1M	$63.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.519	+0.002%	$3.1M	$11.1M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.490	−0.029%	$22K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.499	−0.019%	$7.4M	$51.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.608	+0.097%	$2.05B	$683.1M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.533	+0.017%	$8.8M	$37.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.537	+0.021%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.508	−0.010%	$374.8M	$931.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.484	−0.035%	$115.5M	$315.7M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.505	−0.013%	$48.3M	$55.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.528	+0.012%	$89.7M	$83.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.527	+0.011%	$46.2M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.527	+0.011%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.579	+0.066%	$28.6M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.664	+0.157%	$7.5M	$48.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.589	+0.077%	$347K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.611	+0.101%	$678K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.575	+0.062%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.514	−0.003%	$469K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.559	+0.045%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDlong	+0.0100%	1h	93.517	long leg	$2.0M	$1.9M	10x
HTX HYPE-USDT	+0.0100%	4h	93.648	+0.140%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.507	−0.011%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.501	−0.017%	$18.2M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.524	+0.008%	$395K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.560	+0.046%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.450	−0.072%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.479	−0.041%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.556	+0.042%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.516	−0.001%	$16.9M	$12.2M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0349%	1h	93.617	+0.107%	$7.4M	$4.2M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0416%	1h	93.594	+0.083%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.553	+0.039%	$3.2M	$6.4M	20x	as long as short