HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0293%/8h= −32.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.040%

Price spread now: Ondo Perps against Aevo−0.138%7-day average −0.082% · you buy dearer than you sell

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

Long on Aevo Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)+0.364%+$36 · spread now −0.138%, 7d avg −0.082%

Together, before fees+0.209%+ Points / potential airdropOndo Perps: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Ondo Perps is 0.056% cheaper against Aevo than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.082%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	94.411	0.0104	pay 0.0013% / 1h	31m 19s	$399K	$153K	20x
Short	Ondo Perps HYPE-USD.P	94.280	−0.0189	pay 0.0024% / 1h	31m 19s	$701K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AevobpFee Ondo PerpsbpOrdersPrice spread, now −0.138%Rate

Funding earned: −$61.49
Price spread: −0.138% → −0.082%: −$5.63
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$88.12
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 3 min ago; Ondo Perps: no order-book sample. 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 Aevo live order book, 3 min ago	90.27 bp	99.6 bp −$100	103.3 bp −$1,033	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0824%	1h	94.246	−0.174%	$210K	$271K	7x	as long as short
Bluefin HYPE-PERP	−0.0615%	1h	94.289	−0.129%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0292%	1h	94.545	+0.143%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0258%	1h	94.287	−0.131%	$112K	$577K	20x	as long as short
Ondo Perps HYPE-USD.Pshort	−0.0189%	1h	94.280	−0.138%	$701K	$1.3M	10x
Gate HYPE_USDT	−0.0120%	4h	94.314	−0.102%	$51.5M	$55.2M	75x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.304	−0.113%	$1.0M	$3.5M	10x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	94.378	−0.035%	$89K	$366K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.175	−0.250%	$3K	$331	25x	as long as short
Bybit HYPEUSDT	−0.0048%	8h	94.300	−0.117%	$317.6M	$294.7M	75x	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	−0.0048%	1h	94.310	−0.106%	$18.8M	$35.5M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0010%	4h	94.274	−0.145%	$147K	$678K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.222	−0.199%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.337	−0.078%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.348	−0.066%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.344	−0.070%	$113K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.289	−0.129%	$209K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.330	−0.085%	$4.7M	$6.0M	50x	as long as short
Bitget HYPEUSDT	+0.0030%	4h	94.299	−0.118%	$226.7M	$98.6M	75x	as long as short
Derive HYPE-PERP	+0.0034%	1h	94.592	+0.192%	$16.3M	$7.5M	10x	as long as short
Vest HYPE-PERP	+0.0037%	1h	94.378	−0.035%	—	$190K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0043%	8h	94.240	−0.180%	$337K	$154K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0047%	8h	94.312	−0.105%	$117.7M	$327.6M	50x	as long as short
SoDEX HYPE-USD	+0.0059%	1h	94.305	−0.112%	$2.1M	$2.0M	10x	as long as short
Backpack HYPE_USDC_PERP	+0.0062%	1h	94.145	−0.281%	$7.5M	$10.4M	20x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	94.360	−0.054%	$5.0M	$30.9M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.245	−0.176%	$16.2M	$62.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.257	−0.163%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.368	−0.045%	$148K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.300	−0.117%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.320	−0.097%	$7.2M	$51.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.452	+0.044%	$2.07B	$688.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.298	−0.119%	$9.6M	$38.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.269	−0.150%	$10.1M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.310	−0.107%	$379.8M	$937.2M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.564	+0.162%	$220K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.365	−0.048%	$93.0M	$86.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.356	−0.058%	$47.1M	$19.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.318	−0.098%	—	$53.6M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.619	+0.221%	$30.0M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.643	+0.246%	$7.6M	$44.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.293	−0.125%	$344K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.294	−0.124%	$693K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.418	+0.008%	$498K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.380	−0.032%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.350	−0.064%	$1.4M	$6.9M	75x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	94.326	−0.090%	$12.9M	$2.9M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.273	−0.146%	$18.3M	$43.4M	50x	as long as short
Aevo HYPE-PERPlong	+0.0104%	1h	94.411	long leg	$399K	$153K	20x
RISEx HYPE/USDC	+0.0133%	1h	94.361	−0.053%	$3.1M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.804%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.305	−0.111%	$85K	$104K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0312%	1h	94.412	+0.001%	$7.5M	$4.4M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	94.267	−0.152%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.303	−0.114%	$17.2M	$12.6M	75x	as long as short