HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0059%/8h= +6.4% APRnext payment +$0.07 per $10,000 · paid last 24h +0.009%

Price spread now: Bulk against Vest−0.187%7-day average +0.041% · you buy dearer than you sell

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

Long on Vest Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.125%+$13 on $10k

Price spread, last 4 days (all we have)−0.563%−$56 · spread now −0.187%, 7d avg +0.041%

Together, before fees−0.437%+ Points / potential airdropVest: Active · farm board−$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.228% cheaper against Vest than usual: you would sell low and buy high (spread −0.187% now, against its 7-day average of +0.041%). If the spread goes back, that is −$23 on $10k: about 13 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.125% in total) that is about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	94.483	0.0041	pay 0.0005% / 1h	15m 26s	—	$190K	5x
Short	Bulk HYPE-USD	94.307	0.0100	get 0.0013% / 1h	15m 26s	$218K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee BulkbpOrdersPrice spread, now −0.187%Rate

Funding earned: $12.33
Price spread: −0.187% → +0.041%: −$22.79
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$19.46
Costs to cover: 0.090%
Break-even: 18.0 days

Slippage unknown: Vest: no order-book sample; Bulk: live order book, 23 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 Vest no order-book sample	—	—	—	—	—
Sell Bulk live order book, 23 min ago	0.53 bp	4.7 bp −$5	6.5 bp −$65	11.9 bp −$1,188	23.4 bp −$11.7K

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1704%	1h	94.362	−0.129%	$202K	$255K	7x	as long as short
Bluefin HYPE-PERP	−0.0394%	1h	94.381	−0.108%	$80K	$152K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0214%	1h	94.390	−0.099%	$712K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0190%	1h	94.444	−0.042%	$112K	$576K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0154%	1h	94.355	−0.136%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	94.444	−0.042%	$88K	$366K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.424	−0.063%	$3K	$331	25x	as long as short
Derive HYPE-PERP	−0.0061%	1h	94.393	−0.096%	$16.4M	$7.5M	10x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.413	−0.074%	$1.0M	$3.6M	10x	as long as short
Lighter HYPE	−0.0032%	1h	94.436	−0.050%	$16.4M	$64.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0019%	8h	94.400	−0.088%	$317.3M	$289.0M	75x	as long as short
BingX HYPE-USDT	−0.0018%	4h	94.408	−0.080%	—	$52.8M	—	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.398	−0.090%	$147K	$686K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.464	−0.020%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.523	+0.042%	$1.9M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.517	+0.036%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.416	−0.072%	$19K	$287K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.444	−0.041%	$124K	—	150x	as long as short
Polymarket Perps HYPE-USD	+0.0011%	1h	94.448	−0.037%	$498K	$2.8M	20x	as long as short
Bitget HYPEUSDT	+0.0026%	4h	94.390	−0.099%	$226.7M	$100.1M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0035%	8h	94.452	−0.033%	$337K	$154K	20x	as long as short
Phemex HYPEUSDT	+0.0036%	8h	94.457	−0.028%	$12.9M	$2.9M	50x	as long as short
Vest HYPE-PERPlong	+0.0041%	1h	94.483	long leg	—	$190K	5x
SoDEX HYPE-USD	+0.0052%	1h	94.409	−0.079%	$2.1M	$1.9M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.470	−0.014%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0066%	8h	94.414	−0.073%	$117.7M	$325.5M	50x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	94.437	−0.049%	$5.0M	$30.8M	30x	as long as short
Gate HYPE_USDT	+0.0094%	4h	94.406	−0.082%	$50.3M	$56.8M	75x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.438	−0.048%	$3.2M	$10.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.419	−0.068%	$79K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.430	−0.056%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.430	−0.057%	$7.2M	$52.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.502	+0.020%	$2.08B	$688.1M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.429	−0.057%	$8.8M	$37.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.456	−0.029%	$10.2M	$15.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.417	−0.070%	$378.6M	$933.4M	75x	as long as short
Bulk HYPE-USDshort	+0.0100%	1h	94.307	−0.187%	$218K	$12K	10x
MEXC HYPE_USDT	+0.0100%	4h	94.416	−0.071%	$89.6M	$84.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.426	−0.061%	$46.9M	$18.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.366	−0.124%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.390	−0.098%	$29.6M	$54.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.361	−0.129%	$7.6M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.316	−0.177%	$370K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.457	−0.028%	$683K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.473	−0.011%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.570	+0.092%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.407	−0.081%	$18.3M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.399	−0.089%	$399K	$154K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0022%	1h	94.459	−0.025%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0152%	1h	94.497	+0.014%	$7.5M	$4.3M	50x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.740	+0.272%	$31K	$340K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.452	−0.033%	$20.2M	$30.2M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.451	−0.035%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.388	−0.100%	$85K	$120K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.465	−0.019%	$17.1M	$12.4M	75x	as long as short