HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h +0.063%

Price spread now: Injective against Vest+0.321%50s7-day average +0.185% · you sell dearer than you buy

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

Long on Vest Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.790%+$79 on $10k

Price spread, last 3 days (all we have)−0.477%−$48 · spread now +0.321%, 7d avg +0.185%

Together, before fees+0.313%+ Points / potential airdropVest: Active · farm board+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 0.136% dearer against Vest than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.185%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	94.187	0.0100	pay 0.0013% / 1h	26m 38s	—	$243K	5x
Short	Injective HYPE/USDC PERP	94.490	0.0205	get 0.0026% / 1h	26m 38s	$31K	$338K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.321%Rate

Funding earned: $22.04
Price spread: +0.321% → +0.185%: $13.64
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $33.67
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Injective: live order book, 47 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 Injective live order book, 47 min ago	32.41 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	−0.1376%	1h	94.105	−0.087%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	94.061	−0.134%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0224%	1h	94.142	−0.048%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0150%	1h	94.090	−0.103%	$711K	$960K	10x	as long as short
dYdX HYPE-USD	−0.0139%	1h	94.123	−0.068%	$129K	$31K	5x	as long as short
Bullet HYPE-USD	−0.0099%	1h	94.128	−0.063%	$113K	$580K	20x	as long as short
Phemex HYPEUSDT	−0.0097%	8h	94.105	−0.087%	$12.8M	$2.6M	50x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.172	−0.016%	$86K	$359K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.124	−0.067%	$3K	$331	25x	as long as short
Bybit HYPEUSDT	−0.0020%	8h	94.143	−0.047%	$323.3M	$280.6M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0019%	4h	94.096	−0.097%	$160K	$645K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.139	−0.052%	$23K	$327K	10x	as long as short
Gate HYPE_USDT	+0.0002%	4h	94.151	−0.039%	$44.5M	$59.8M	75x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.157	−0.032%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0020%	4h	94.125	−0.066%	$8.9M	$36.1M	300x	as long as short
Phoenix HYPE	+0.0034%	1h	94.121	−0.070%	$219K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0040%	1h	94.081	−0.113%	$16.4M	$7.3M	10x	as long as short
MEXC HYPE_USDT	+0.0048%	4h	94.147	−0.043%	$89.3M	$82.7M	100x	as long as short
Binance HYPEUSDT	+0.0049%	4h	94.163	−0.026%	$384.1M	$892.9M	75x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	94.004	−0.195%	$5.1M	$29.9M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0079%	8h	94.163	−0.026%	$116.1M	$318.7M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.186	−0.001%	$19.2M	$59.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.169	−0.019%	$3.0M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.168	−0.020%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.114	−0.078%	$400K	$180K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.195	+0.009%	$342K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.180	−0.008%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.147	−0.042%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.237	+0.053%	$2.05B	$677.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.173	−0.015%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.154	−0.035%	$46.6M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.178	−0.010%	$228.4M	$100.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.139	−0.051%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.143	−0.047%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.030	−0.167%	$31.5M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.088	−0.105%	$7.6M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.057	−0.138%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.130	−0.061%	$681K	$2.6M	20x	as long as short
Vest HYPE-PERPlong	+0.0100%	1h	94.187	long leg	—	$243K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	94.146	−0.044%	$480K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.119	−0.073%	$76K	$170K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.216	+0.030%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.125	−0.066%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.151	−0.039%	$205K	$2K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.147	−0.043%	$18.8M	$44.4M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.030	−0.167%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0198%	4h	94.138	−0.052%	$17.0M	$12.2M	75x	as long as short
Injective HYPE/USDC PERPshort	+0.0205%	1h	94.490	+0.321%	$31K	$338K	12x
RISEx HYPE/USDC	+0.0222%	1h	94.210	+0.024%	$2.8M	$6.7M	20x	as long as short
Kalshi KXHYPEPERP	+0.0224%	8h	94.187	0.000%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.130	−0.061%	$79K	$142K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0155%	1h	94.159	−0.030%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0417%	4h	94.294	+0.113%	$1.5M	$6.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0440%	1h	94.221	+0.036%	$7.5M	$4.7M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0670%	1h	94.225	+0.040%	$21.0M	$29.7M	50x	as long as short