HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.017%

Price spread now: Bullet against 01 Exchange−0.040%50s7-day average −0.004% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.263% of the position

Long on 01 Exchange Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.021%+$2 on $10k

Price spread, last 3 days (all we have)+0.273%+$27 · spread now −0.040%, 7d avg −0.004%

Together, before fees+0.294%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bullet is 0.036% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of −0.004%). If the spread goes back, that is −$4 on $10k: about 41 hours of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.021% in total) that is about 5.4 days. 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	01 Exchange HYPEUSD	93.269	−0.0024	get 0.0003% / 1h	7m 38s	$90K	$358K	20x
Short	Bullet HYPE-USD	93.232	0.0047	get 0.0006% / 1h	7m 38s	$111K	$577K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.040%Rate

Funding earned: $14.85
Price spread: −0.040% → −0.004%: −$3.62
Slippage, 4 orders: −$11.28
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$15.05
Costs to cover: 0.263%
Break-even: 14.1 days

Slippage from 01 Exchange: live order book, 11 min ago; Bullet: live order book, 11 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, 11 min ago	0.11 bp	6.3 bp −$6	10.2 bp −$102	doesn't fit	doesn't fit
Sell Bullet live order book, 11 min ago	0.22 bp	4.6 bp −$5	7.9 bp −$79	doesn't fit	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
Aftermath Perps HYPEUSD	−0.0466%	1h	93.232	−0.039%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0400%	1h	93.275	+0.006%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.134	−0.145%	$1.2M	$3.9M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0130%	1h	93.160	−0.117%	$699K	$895K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.192	−0.083%	$3K	$331	25x	as long as short
01 Exchange HYPEUSDlong	−0.0024%	1h	93.269	long leg	$90K	$358K	20x
dYdX HYPE-USD	0.0000%	1h	93.227	−0.045%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.247	−0.024%	$23K	$330K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.264	−0.005%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0003%	4h	93.205	−0.069%	$8.9M	$35.7M	300x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex HYPEUSDT	+0.0008%	1h	93.241	−0.030%	$58K	$1.2M	50x	as long as short
Orderly PERP_HYPE_USDC	+0.0017%	4h	93.247	−0.024%	$176K	$524K	20x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.240	−0.031%	$322.8M	$282.1M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.306	+0.040%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USDshort	+0.0047%	1h	93.232	−0.040%	$111K	$577K	20x
Derive HYPE-PERP	+0.0050%	1h	93.190	−0.084%	$16.3M	$7.0M	10x	as long as short
Gate HYPE_USDT	+0.0058%	4h	93.178	−0.098%	$44.0M	$58.8M	75x	as long as short
MEXC HYPE_USDT	+0.0060%	4h	93.184	−0.091%	$90.0M	$82.3M	100x	as long as short
Binance HYPEUSDT	+0.0061%	4h	93.246	−0.025%	$382.8M	$886.7M	75x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	93.250	−0.020%	$5.1M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.246	−0.025%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.235	−0.036%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.229	−0.043%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.192	−0.083%	$338K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.260	−0.010%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.288	+0.021%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.260	−0.010%	$2.03B	$661.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.221	−0.051%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.243	−0.028%	$114.0M	$312.2M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.229	−0.043%	$47.0M	$18.5M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.238	−0.033%	$226.1M	$102.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.179	−0.096%	—	$53.7M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.258	−0.012%	$7.8M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.212	−0.061%	$30.8M	$51.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.317	+0.052%	$7.5M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.303	+0.036%	$415K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.273	+0.004%	$675K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.283	+0.015%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.259	−0.011%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.257	−0.013%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.281	+0.013%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.230	−0.042%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.288	+0.020%	$12.7M	$2.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.280	+0.012%	$204K	$8K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.146	−0.131%	$18.2M	$41.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0118%	8h	93.365	+0.103%	$1.9M	$5.2M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.260	−0.010%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0220%	4h	93.396	+0.136%	$1.5M	$7.7M	75x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.530	+0.280%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.236	−0.035%	$77K	$159K	15x	as long as short
BloFin HYPE-USDT	+0.0250%	4h	93.270	+0.001%	$16.9M	$12.4M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.288	+0.020%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.260	−0.009%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0361%	1h	93.326	+0.061%	$7.4M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.341	+0.078%	$20.9M	$28.9M	50x	as long as short