HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0070%/8h= −7.6% APRnext payment −$0.09 per $10,000 · paid last 24h −0.021%

Price spread now: dYdX against Vest−0.037%7-day average +0.002% · you buy dearer than you sell

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

Long on Vest Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−1.005%−$101 · spread now −0.037%, 7d avg +0.002%

Together, before fees−0.962%+ Points / potential airdropVest: Active · farm board−$96 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and dYdX is 0.038% cheaper against Vest than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	94.501	0.0070	pay 0.0009% / 1h	4m 54s	—	$190K	5x
Short	dYdX HYPE-USD	94.466	0	get 0.0000% / 1h	4m 54s	$130K	$94K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Vest. 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 VestbpFee dYdXbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$14.6
Price spread: −0.037% → +0.002%: −$3.82
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$30.42
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; dYdX: live order book, 34 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 dYdX live order book, 34 min ago	25.49 bp	30.5 bp −$31	109.8 bp −$1,098	172.4 bp −$17.2K	411.7 bp −$205.9K

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	−0.1552%	1h	94.420	−0.085%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0386%	1h	94.422	−0.083%	$80K	$152K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0203%	1h	94.380	−0.128%	$712K	$1.2M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0194%	1h	94.449	−0.054%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0182%	1h	94.436	−0.069%	$112K	$575K	20x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	94.491	−0.010%	$88K	$363K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.420	−0.086%	$3K	$331	25x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.459	−0.044%	$1.0M	$3.5M	10x	as long as short
Derive HYPE-PERP	−0.0027%	1h	94.383	−0.125%	$16.4M	$7.3M	10x	as long as short
Bybit HYPEUSDT	−0.0019%	8h	94.420	−0.086%	$317.5M	$288.4M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter HYPE	−0.0008%	1h	94.433	−0.072%	$16.4M	$64.7M	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	94.411	−0.095%	$147K	$686K	20x	as long as short
dYdX HYPE-USDshort	0.0000%	1h	94.466	−0.037%	$130K	$94K	5x
Kalshi KXHYPEPERP	0.0000%	8h	94.505	+0.004%	$1.9M	$5.5M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.443	−0.061%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.464	−0.039%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.460	−0.043%	$124K	—	150x	as long as short
Bitget HYPEUSDT	+0.0016%	4h	94.420	−0.086%	$226.7M	$100.3M	75x	as long as short
Polymarket Perps HYPE-USD	+0.0020%	1h	94.462	−0.041%	$498K	$2.8M	20x	as long as short
BingX HYPE-USDT	+0.0028%	4h	94.432	−0.073%	—	$52.8M	—	as long as short
Phemex HYPEUSDT	+0.0042%	8h	94.417	−0.089%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0043%	8h	94.411	−0.095%	$337K	$154K	20x	as long as short
SoDEX HYPE-USD	+0.0050%	1h	94.431	−0.074%	$2.1M	$1.9M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.440	−0.064%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0065%	8h	94.415	−0.091%	$117.8M	$325.1M	50x	as long as short
Vest HYPE-PERPlong	+0.0070%	1h	94.501	long leg	—	$190K	5x
Gate HYPE_USDT	+0.0084%	4h	94.423	−0.082%	$50.5M	$56.9M	75x	as long as short
edgeX HYPEUSDC	+0.0087%	4h	94.396	−0.111%	$5.0M	$30.7M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.438	−0.066%	$3.2M	$10.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.462	−0.041%	$79K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.460	−0.043%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.465	−0.037%	$7.2M	$52.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.531	+0.032%	$2.08B	$687.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.445	−0.059%	$8.8M	$36.9M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.438	−0.066%	$10.2M	$14.8M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.440	−0.064%	$378.7M	$932.0M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.428	−0.077%	$218K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.424	−0.081%	$89.7M	$84.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.430	−0.075%	$46.9M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.415	−0.091%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.362	−0.147%	$29.6M	$54.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.422	−0.083%	$7.6M	$45.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.416	−0.090%	$350K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.395	−0.112%	$682K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.466	−0.037%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.515	+0.015%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.398	−0.108%	$18.3M	$43.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.463	−0.040%	$399K	$153K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0022%	1h	94.486	−0.016%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.740	+0.253%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0216%	1h	94.538	+0.039%	$7.5M	$4.3M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.495	−0.006%	$20.2M	$30.2M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.496	−0.006%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.416	−0.090%	$83K	$121K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.462	−0.041%	$17.1M	$12.4M	75x	as long as short