HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.068%

Price spread now: Arcus against 01 Exchange−0.106%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on 01 Exchange Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.106%, 7d avg −0.067%

Together, before fees−0.048%−$5 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 Arcus is 0.039% cheaper against 01 Exchange than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.067%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange HYPEUSD	94.720	−0.0080	get 0.0010% / 1h	35m 26s	$90K	$366K	20x
Short	Arcus HYPE-USD	94.620	−0.0112	pay 0.0014% / 1h	35m 26s	$1.0M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against 01 Exchange. 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 01 ExchangebpFee ArcusbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$6.7
Price spread: −0.106% → −0.067%: −$3.9
Slippage, 4 orders: −$7.3
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$29.4
Costs to cover: 0.188%
Break-even: never at this rate

Slippage from 01 Exchange: live order book, 64 min ago; Arcus: live order book, 4 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 01 Exchange live order book, 64 min ago	0.11 bp	6.8 bp −$7	8.4 bp −$84	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	0.48 bp	3.4 bp −$3	9.1 bp −$91	31.6 bp −$3,160	doesn't fit

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	−0.0952%	1h	94.552	−0.177%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0611%	1h	94.615	−0.111%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0306%	1h	94.706	−0.015%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0208%	1h	94.641	−0.083%	$112K	$578K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0155%	1h	94.590	−0.137%	$704K	$1.3M	10x	as long as short
Arcus HYPE-USDshort	−0.0112%	1h	94.620	−0.106%	$1.0M	$3.5M	10x
Gate HYPE_USDT	−0.0082%	4h	94.658	−0.065%	$51.5M	$54.9M	75x	as long as short
01 Exchange HYPEUSDlong	−0.0080%	1h	94.720	long leg	$90K	$366K	20x
Hotstuff HYPE-PERP	−0.0080%	1h	94.588	−0.139%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0065%	8h	94.634	−0.091%	$12.9M	$2.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.639	−0.085%	$19.0M	$35.4M	50x	as long as short
Bybit HYPEUSDT	−0.0011%	8h	94.648	−0.076%	$318.5M	$296.8M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	94.628	−0.097%	$147K	$682K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.650	−0.073%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.743	+0.024%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.654	−0.069%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.652	−0.071%	$123K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.654	−0.070%	$210K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.590	−0.137%	$4.7M	$6.4M	50x	as long as short
Bitget HYPEUSDT	+0.0028%	4h	94.640	−0.084%	$227.4M	$99.6M	75x	as long as short
Derive HYPE-PERP	+0.0034%	1h	94.592	−0.135%	$16.3M	$7.5M	10x	as long as short
Vest HYPE-PERP	+0.0046%	1h	94.710	−0.010%	—	$190K	5x	as long as short
OKX HYPE-USDT-SWAP	+0.0052%	8h	94.621	−0.105%	$118.2M	$329.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0052%	8h	94.672	−0.051%	$338K	$154K	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0095%	1h	94.590	−0.137%	$7.6M	$10.6M	20x	as long as short
edgeX HYPEUSDC	+0.0096%	4h	94.547	−0.183%	$5.0M	$30.8M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.650	−0.074%	$16.2M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.649	−0.075%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.686	−0.036%	$148K	$1.3M	50x	as long as short
SoDEX HYPE-USD	+0.0098%	1h	94.659	−0.064%	$2.1M	$2.0M	10x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.660	−0.063%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.639	−0.085%	$7.3M	$51.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.750	+0.032%	$2.08B	$686.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.644	−0.080%	$9.6M	$37.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.681	−0.041%	$10.2M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.673	−0.050%	$381.2M	$938.9M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.564	−0.165%	$220K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.637	−0.088%	$93.9M	$85.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.660	−0.063%	$47.2M	$19.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.656	−0.068%	—	$53.5M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.619	−0.106%	$30.0M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.563	−0.166%	$7.6M	$44.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.587	−0.140%	$345K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.634	−0.091%	$696K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.747	+0.029%	$500K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.651	−0.073%	$33K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.753	+0.035%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.646	−0.078%	$18.4M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.640	−0.085%	$400K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.710	−0.010%	$3.1M	$6.4M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0141%	1h	94.724	+0.004%	$7.5M	$4.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.475%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.629	−0.096%	$85K	$113K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	94.670	−0.053%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.614	−0.112%	$17.3M	$12.6M	75x	as long as short