HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0631%/8h= +69.0% APRnext payment +$0.79 per $10,000 · paid last 24h +0.089%

Price spread now: Injective against 01 Exchange+0.181%104s7-day average +0.139% · you sell dearer than you buy

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

Long on 01 Exchange Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.762%+$76 on $10k

Price spread, last 3 days (all we have)−0.452%−$45 · spread now +0.181%, 7d avg +0.139%

Together, before fees+0.309%+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Injective is 0.041% dearer against 01 Exchange than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.139%. The two prices were read 104 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	93.002	−0.0112	get 0.0014% / 1h	57m 37s	$84K	$346K	20x
Short	Injective HYPE/USDC PERP	93.170	0.0519	get 0.0065% / 1h	57m 37s	$30K	$338K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.181%Rate

Funding earned: $132.42
Price spread: +0.181% → +0.139%: $4.12
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $129.51
Costs to cover: 0.070%
Break-even: 0.2 days

Slippage unknown: 01 Exchange: live order book, 7 min ago; Injective: live order book, 6 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 01 Exchange live order book, 7 min ago	0.80 bp	5.8 bp −$6	10.0 bp −$100	doesn't fit	doesn't fit
Sell Injective live order book, 6 min ago	44.26 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

HYPE on 54 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	−0.1136%	1h	93.123	+0.131%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	92.871	−0.141%	$1.2M	$3.8M	10x	as long as short
Bluefin HYPE-PERP	−0.0415%	1h	92.961	−0.044%	$79K	$170K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0158%	1h	92.970	−0.034%	$698K	$905K	10x	as long as short
01 Exchange HYPEUSDlong	−0.0112%	1h	93.002	long leg	$84K	$346K	20x
Bullet HYPE-USD	−0.0095%	1h	93.007	+0.006%	$112K	$578K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.198	+0.211%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0052%	4h	92.992	−0.011%	$155K	$639K	20x	as long as short
Phemex HYPEUSDT	−0.0023%	8h	93.039	+0.040%	$12.6M	$2.7M	50x	as long as short
Aster HYPEUSDT	−0.0005%	4h	93.002	0.000%	$8.8M	$35.4M	300x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USD	0.0000%	1h	93.017	+0.016%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.092	+0.097%	$22K	$321K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.025	+0.024%	$25K	—	150x	as long as short
Bybit HYPEUSDT	+0.0011%	8h	92.980	−0.024%	$319.1M	$275.7M	75x	as long as short
BingX HYPE-USDT	+0.0012%	4h	92.978	−0.026%	—	$53.1M	—	as long as short
Aftermath Perps HYPEUSD	+0.0013%	1h	93.325	+0.347%	$22K	$21K	10x	as long as short
Gate HYPE_USDT	+0.0018%	4h	92.978	−0.026%	$44.3M	$54.1M	75x	as long as short
Phoenix HYPE	+0.0060%	1h	93.318	+0.340%	$210K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0077%	8h	92.998	−0.004%	$114.1M	$299.9M	50x	as long as short
Binance HYPEUSDT	+0.0077%	4h	92.994	−0.009%	$378.1M	$873.3M	75x	as long as short
MEXC HYPE_USDT	+0.0078%	4h	92.997	−0.005%	$87.5M	$79.7M	100x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	93.256	+0.273%	$5.0M	$30.1M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.023	+0.022%	$16.3M	$61.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.003	+0.001%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.997	−0.005%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.036	+0.036%	$338K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.030	+0.030%	$12K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.987	−0.017%	$5.7M	$43.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.089	+0.094%	$2.03B	$658.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.011	+0.009%	$10.0M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.335	+0.358%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.010	+0.009%	$46.0M	$17.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.941	−0.066%	$224.9M	$96.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.967	−0.038%	$7.3M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.219	+0.233%	$31.1M	$54.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.215	+0.229%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.222	+0.237%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.114	+0.120%	$664K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.057	+0.059%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.001	−0.001%	$473K	$2.4M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.986	−0.017%	$16.1M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.189	+0.201%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.010	+0.009%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.958	−0.047%	$18.3M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.002	0.000%	$396K	$170K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.100	+0.105%	$4.9M	$5.4M	50x	as long as short
HTX HYPE-USDT	+0.0207%	4h	93.200	+0.213%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0256%	1h	92.952	−0.054%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0276%	8h	93.073	+0.076%	$1.9M	$4.8M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0298%	1h	93.093	+0.098%	$7.4M	$4.4M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.023	+0.023%	$1.4M	—	100x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.079	+0.083%	$3.2M	$6.7M	20x	as long as short
Injective HYPE/USDC PERPshort	+0.0519%	1h	93.170	+0.181%	$30K	$338K	12x
Kraken Futures PF_HYPEUSD	+0.0687%	1h	93.087	+0.091%	$20.7M	$30.0M	50x	as long as short