HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.030%

Price spread now: Lighter RH against 01 Exchange−0.039%7-day average −0.019% · 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−$18as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on 01 Exchange Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now −0.039%, 7d avg −0.019%

Together, before fees−0.083%+ Points / potential airdropLighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.020% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of −0.019%). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.037% in total) that is about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange HYPEUSD	93.704	−0.0040	get 0.0005% / 1h	27m 33s	$86K	$368K	20x
Short	Lighter RH HYPE	93.667	0.0096	get 0.0012% / 1h	27m 33s	$3.2M	$11.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.039%Rate

Funding earned: $28.56
Price spread: −0.039% → −0.019%: −$2.05
Slippage, 4 orders: −$9.24
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $10.28
Costs to cover: 0.162%
Break-even: 4.5 days

Slippage from 01 Exchange: live order book, 17 min ago; Lighter RH: live order book, 6 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, 17 min ago	0.05 bp	6.3 bp −$6	10.4 bp −$104	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	0.75 bp	2.5 bp −$2	3.6 bp −$36	30.7 bp −$3,073	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	−0.0992%	1h	93.495	−0.223%	$198K	$238K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0194%	1h	93.528	−0.187%	$22K	$21K	10x	as long as short
BingX HYPE-USDT	−0.0100%	4h	93.635	−0.074%	—	$53.5M	—	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.616	−0.094%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0079%	1h	93.520	−0.196%	$703K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0076%	1h	93.552	−0.162%	$111K	$579K	20x	as long as short
01 Exchange HYPEUSDlong	−0.0040%	1h	93.704	long leg	$86K	$368K	20x
Orderly PERP_HYPE_USDC	−0.0018%	4h	93.531	−0.185%	$145K	$683K	20x	as long as short
Bluefin HYPE-PERP	−0.0008%	1h	93.564	−0.149%	$79K	$155K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.682	−0.024%	$128K	$26K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	0.0000%	8h	93.640	−0.068%	$316.0M	$287.2M	75x	as long as short
Perpl HYPE	0.0000%	43m	93.570	−0.143%	$20K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.580	−0.132%	$83K	—	150x	as long as short
Derive HYPE-PERP	+0.0007%	1h	93.302	−0.429%	$16.2M	$7.5M	10x	as long as short
Phoenix HYPE	+0.0017%	1h	93.623	−0.086%	$208K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0048%	4h	93.662	−0.045%	$225.6M	$99.4M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0077%	8h	93.687	−0.019%	$335K	$161K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.632	−0.077%	$1.0M	$4.0M	10x	as long as short
Phemex HYPEUSDT	+0.0093%	8h	93.566	−0.147%	$12.8M	$2.8M	50x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	93.551	−0.163%	$5.0M	$30.5M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.651	−0.057%	$16.1M	$64.0M	20x	as long as short
Lighter RH HYPEshort	+0.0096%	1h	93.667	−0.039%	$3.2M	$11.1M	20x
Popdex HYPEUSDT	+0.0096%	1h	93.667	−0.039%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.620	−0.090%	$21K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.643	−0.065%	$7.5M	$50.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.745	+0.044%	$2.05B	$682.5M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.658	−0.049%	$8.8M	$36.9M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.681	−0.025%	$10.1M	$15.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.658	−0.049%	$374.8M	$928.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.640	−0.068%	$115.6M	$314.6M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.656	−0.051%	$48.7M	$55.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.651	−0.057%	$90.4M	$84.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.674	−0.032%	$46.4M	$18.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.593	−0.118%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.449	−0.273%	$28.7M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.492	−0.226%	$7.5M	$48.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.566	−0.147%	$354K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.579	−0.133%	$678K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.700	−0.004%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.672	−0.034%	$470K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.593	−0.118%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.571	−0.142%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.691	−0.014%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.438	−0.284%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.614	−0.096%	$18.2M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.567	−0.146%	$396K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0105%	8h	93.630	−0.079%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.560	−0.154%	$4.7M	$6.1M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0022%	1h	93.597	−0.114%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0199%	1h	93.645	−0.063%	$7.5M	$4.2M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.530	−0.186%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.535	−0.180%	$77K	$129K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.572	−0.141%	$16.9M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0415%	1h	93.644	−0.064%	$20.9M	$29.5M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.700	−0.005%	$3.2M	$6.3M	20x	as long as short