HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0172%/8h= −18.8% APRnext payment −$0.21 per $10,000 · paid last 24h −0.025%

Price spread now: 01 Exchange against Vest−0.049%7-day average +0.022% · you buy dearer than you sell

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

Long on Vest Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.076%+$8 on $10k

Price spread, last 4 days (all we have)−0.396%−$40 · spread now −0.049%, 7d avg +0.022%

Together, before fees−0.321%+ Points / potential airdropVest: Active · farm board−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and 01 Exchange is 0.071% cheaper against Vest than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.022%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.076%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	95.257	0.0100	pay 0.0013% / 1h	1m 52s	—	$80K	5x
Short	01 Exchange HYPEUSD	95.210	−0.0072	pay 0.0009% / 1h	1m 52s	$100K	$348K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.049%Rate

Funding earned: −$36.12
Price spread: −0.049% → +0.022%: −$7.14
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$52.26
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; 01 Exchange: live order book, 45 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 01 Exchange live order book, 45 min ago	0.05 bp	6.9 bp −$7	12.7 bp −$127	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 exchanges

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
Phemex HYPEUSDT	−0.0288%	8h	95.203	−0.057%	$13.0M	$2.3M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.173	−0.089%	$18.4M	$34.2M	50x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.221	−0.038%	$1.1M	$2.7M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0094%	1h	95.241	−0.017%	$22K	$17K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0094%	1h	95.140	−0.123%	$678K	$1.3M	10x	as long as short
Aster HYPEUSDT	−0.0081%	4h	95.163	−0.098%	$9.1M	$34.3M	300x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.187	−0.074%	$3K	$421	25x	as long as short
01 Exchange HYPEUSDshort	−0.0072%	1h	95.210	−0.049%	$100K	$348K	20x
Bluefin HYPE-PERP	−0.0068%	1h	95.153	−0.109%	$79K	$132K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0065%	4h	95.160	−0.102%	$148K	$642K	20x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0064%	4h	95.155	−0.107%	$55.8M	$54.1M	75x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.270	+0.014%	$4.8M	$5.5M	50x	as long as short
Bullet HYPE-USD	−0.0045%	1h	95.199	−0.061%	$113K	$582K	20x	as long as short
OKX HYPE-USDT-SWAP	−0.0035%	8h	95.148	−0.115%	$119.3M	$303.4M	50x	as long as short
Bitget HYPEUSDT	−0.0024%	4h	95.169	−0.092%	$230.4M	$86.3M	75x	as long as short
Phoenix HYPE	−0.0008%	1h	95.308	+0.053%	$200K	$1.1M	10x	as long as short
Lighter HYPE	0.0000%	1h	95.162	−0.100%	$16.6M	$59.0M	20x	as long as short
Perpl HYPE	0.0000%	43m	95.190	−0.070%	$24K	$251K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.210	−0.049%	$100K	—	150x	as long as short
Derive HYPE-PERP	+0.0014%	1h	95.000	−0.270%	$16.4M	$7.0M	10x	as long as short
Bybit HYPEUSDT	+0.0036%	8h	95.170	−0.091%	$321.3M	$262.9M	75x	as long as short
edgeX HYPEUSDC	+0.0038%	4h	95.230	−0.028%	$5.1M	$28.1M	30x	as long as short
BingX HYPE-USDT	+0.0044%	4h	95.154	−0.108%	—	$49.2M	—	as long as short
Binance HYPEUSDT	+0.0047%	4h	95.164	−0.098%	$384.2M	$849.3M	75x	as long as short
MEXC HYPE_USDT	+0.0050%	4h	95.165	−0.097%	$90.3M	$85.0M	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0055%	1h	95.258	+0.001%	$7.5M	$4.2M	50x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	95.186	−0.075%	$275K	$999K	50x	as long as short
dYdX HYPE-USD	+0.0059%	1h	95.285	+0.030%	$128K	$96K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0091%	8h	95.193	−0.067%	$340K	$30K	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.177	−0.084%	$3.2M	$10.4M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	95.176	−0.085%	$402K	$125K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.180	−0.081%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.203	−0.056%	$7.3M	$50.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.219	−0.040%	$10.3M	$13.0M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.260	+0.003%	$229K	$20K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.158	−0.104%	$47.6M	$17.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.133	−0.130%	$6.9M	$12.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.230	−0.029%	$29.7M	$52.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.278	+0.022%	$7.7M	$41.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.246	−0.012%	$324K	$926K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.268	+0.011%	$693K	$2.6M	20x	as long as short
Vest HYPE-PERPlong	+0.0100%	1h	95.257	long leg	—	$80K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	95.201	−0.059%	$499K	$2.4M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.266	+0.009%	$33K	$1.4M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.166	−0.096%	$2.1M	$335K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.305	+0.050%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.133	−0.130%	$18.3M	$38.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0121%	8h	95.224	−0.035%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.224	−0.035%	$3.1M	$5.2M	20x	as long as short
Hyperliquid HYPE	+0.0153%	1h	95.275	+0.019%	$2.11B	$644.1M	10x	as long as short
BloFin HYPE-USDT	+0.0203%	4h	95.180	−0.081%	$17.4M	$11.6M	75x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	95.146	−0.117%	$85K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.188	−0.073%	$1.4M	—	100x	as long as short
Hibachi HYPE/USDT-P	+0.0856%	1h	95.348	+0.095%	$215K	$279K	7x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.600	+0.360%	$31K	$334K	12x	as long as short