HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0361%/8h= +39.5% APRnext payment +$0.45 per $10,000 · paid last 24h +0.100%

Price spread now: RISEx against 01 Exchange+0.007%7-day average −0.008% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on 01 Exchange Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.192%+$19 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.007%, 7d avg −0.008%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange HYPEUSD	94.447	−0.0112	get 0.0014% / 1h	10m 32s	$88K	$365K	20x
Short	RISEx HYPE/USDC	94.454	0.0249	get 0.0031% / 1h	10m 32s	$3.2M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.007%Rate

Funding earned: $75.75
Price spread: +0.007% → −0.008%: $1.52
Slippage, 4 orders: −$7.33
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $56.93
Costs to cover: 0.203%
Break-even: 1.7 days

Slippage from 01 Exchange: live order book, 29 min ago; RISEx: 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, 29 min ago	0.11 bp	6.8 bp −$7	8.4 bp −$84	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	1.01 bp	4.0 bp −$4	5.0 bp −$50	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
Hibachi HYPE/USDT-P	−0.1656%	1h	94.413	−0.036%	$204K	$266K	7x	as long as short
Bluefin HYPE-PERP	−0.0394%	1h	94.367	−0.085%	$80K	$152K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0206%	1h	94.380	−0.071%	$711K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0191%	1h	94.383	−0.068%	$112K	$575K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0166%	1h	94.427	−0.021%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSDlong	−0.0112%	1h	94.447	long leg	$88K	$365K	20x
Hotstuff HYPE-PERP	−0.0080%	1h	94.398	−0.052%	$3K	$331	25x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.404	−0.046%	$1.0M	$3.5M	10x	as long as short
Derive HYPE-PERP	−0.0036%	1h	94.320	−0.135%	$16.4M	$7.4M	10x	as long as short
Bybit HYPEUSDT	−0.0020%	8h	94.420	−0.029%	$317.3M	$288.4M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	−0.0020%	4h	94.394	−0.056%	—	$52.8M	—	as long as short
Lighter HYPE	−0.0016%	1h	94.396	−0.054%	$16.4M	$64.6M	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.385	−0.066%	$147K	$686K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.388	−0.063%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.485	+0.040%	$1.9M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.527	+0.085%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.422	−0.026%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.430	−0.018%	$124K	—	150x	as long as short
Polymarket Perps HYPE-USD	+0.0017%	1h	94.471	+0.025%	$498K	$2.8M	20x	as long as short
Bitget HYPEUSDT	+0.0020%	4h	94.421	−0.028%	$226.6M	$100.1M	75x	as long as short
Phemex HYPEUSDT	+0.0035%	8h	94.376	−0.075%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0039%	8h	94.419	−0.030%	$337K	$154K	20x	as long as short
SoDEX HYPE-USD	+0.0055%	1h	94.402	−0.048%	$2.1M	$1.9M	10x	as long as short
Vest HYPE-PERP	+0.0055%	1h	94.500	+0.056%	—	$190K	5x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.420	−0.029%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0065%	8h	94.450	+0.003%	$117.8M	$325.2M	50x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	94.403	−0.046%	$5.0M	$30.8M	30x	as long as short
Gate HYPE_USDT	+0.0090%	4h	94.403	−0.047%	$50.4M	$56.8M	75x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.396	−0.054%	$3.2M	$10.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.424	−0.024%	$79K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.410	−0.039%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.415	−0.034%	$7.2M	$52.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.494	+0.050%	$2.08B	$689.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.423	−0.025%	$8.8M	$36.9M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.444	−0.003%	$10.2M	$15.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.424	−0.024%	$378.6M	$932.1M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.307	−0.148%	$218K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.403	−0.047%	$89.7M	$84.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.398	−0.052%	$46.9M	$18.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.392	−0.058%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.383	−0.068%	$29.7M	$54.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.478	+0.033%	$7.6M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.458	+0.012%	$350K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.389	−0.061%	$682K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.487	+0.042%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.542	+0.101%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.387	−0.064%	$18.3M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.360	−0.093%	$399K	$153K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0022%	1h	94.459	+0.012%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.740	+0.310%	$31K	$340K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.440	−0.007%	$20.2M	$30.2M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0248%	1h	94.502	+0.058%	$7.4M	$4.3M	50x	as long as short
RISEx HYPE/USDCshort	+0.0249%	1h	94.454	+0.007%	$3.2M	$6.4M	20x
Reya HYPERUSDPERP	+0.0272%	1h	94.436	−0.012%	$83K	$122K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.399	−0.051%	$17.1M	$12.4M	75x	as long as short