HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.009%

Price spread now: Binance against SunX−0.121%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$680.676% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.121%, 7d avg −0.053%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.068% cheaper against SunX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX HYPE-USDT	93.420	0.0100	pay 0.0050% / 4h	2h 02m	$32K	$1.6M	20x
Short	Binance HYPEUSDT	93.307	0.0080	get 0.0040% / 4h	2h 02m	$379.6M	$879.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.121%Rate

Funding earned: −$4.19
Price spread: −0.121% → −0.053%: −$6.79
Slippage, 4 orders: −$49.58
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.56
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Binance: live order book, 12 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 SunX live order book, 3 min ago	19.37 bp	24.1 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.05 bp	5.5 bp −$6	7.7 bp −$77	14.7 bp −$1,468	29.9 bp −$14.9K

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	−0.1120%	1h	93.340	−0.085%	$196K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.203	−0.232%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.404	−0.017%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0063%	1h	93.280	−0.150%	$699K	$905K	10x	as long as short
Phemex HYPEUSDT	−0.0056%	8h	93.295	−0.134%	$12.6M	$2.7M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0052%	4h	93.284	−0.146%	$156K	$640K	20x	as long as short
01 Exchange HYPEUSD	−0.0040%	1h	93.338	−0.088%	$85K	$347K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0015%	1h	93.445	+0.027%	$22K	$21K	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.383	−0.039%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.325	−0.102%	$22K	$321K	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0002%	4h	93.319	−0.108%	$8.8M	$35.7M	300x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.338	−0.087%	$26K	—	150x	as long as short
BingX HYPE-USDT	+0.0012%	4h	93.296	−0.133%	—	$53.2M	—	as long as short
Bybit HYPEUSDT	+0.0015%	8h	93.281	−0.149%	$320.0M	$276.5M	75x	as long as short
Gate HYPE_USDT	+0.0016%	4h	93.291	−0.138%	$44.4M	$55.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0019%	1h	93.271	−0.159%	$7.4M	$10.4M	20x	as long as short
Phoenix HYPE	+0.0060%	1h	93.424	+0.004%	$210K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0076%	8h	93.301	−0.127%	$114.6M	$301.7M	50x	as long as short
Bullet HYPE-USD	+0.0077%	1h	93.334	−0.092%	$112K	$578K	20x	as long as short
MEXC HYPE_USDT	+0.0080%	4h	93.294	−0.135%	$88.1M	$83.5M	100x	as long as short
Binance HYPEUSDTshort	+0.0080%	4h	93.307	−0.121%	$379.6M	$879.2M	75x
edgeX HYPEUSDC	+0.0085%	4h	93.295	−0.134%	$5.0M	$30.0M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.329	−0.098%	$16.3M	$62.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.314	−0.113%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.327	−0.100%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.353	−0.072%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.320	−0.107%	$16K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.324	−0.102%	$5.7M	$43.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.421	+0.001%	$2.04B	$657.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.339	−0.087%	$10.0M	$14.7M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.335	−0.091%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.307	−0.121%	$46.2M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.289	−0.140%	$225.7M	$97.1M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.349	−0.076%	$31.1M	$54.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.360	−0.064%	$7.5M	$46.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.340	−0.086%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.464	+0.047%	$667K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.380	−0.042%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.347	−0.078%	$474K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.278	−0.152%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.268	−0.163%	$16.2M	$7.6M	10x	as long as short
SunX HYPE-USDTlong	+0.0100%	4h	93.420	long leg	$32K	$1.6M	20x
SoDEX HYPE-USD	+0.0100%	1h	93.302	−0.126%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.273	−0.157%	$18.3M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.317	−0.110%	$397K	$172K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.430	+0.011%	$4.9M	$5.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	94.180	+0.814%	$31K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0198%	4h	93.500	+0.086%	$1.4M	$5.9M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.404	−0.017%	$3.2M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0256%	1h	93.323	−0.104%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0279%	8h	93.402	−0.019%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.340	−0.086%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0425%	1h	93.385	−0.037%	$7.4M	$4.4M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0683%	1h	93.372	−0.051%	$20.8M	$30.0M	50x	as long as short