HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0429%/8h= +47.0% APRnext payment +$0.54 per $10,000 · paid last 24h −0.001%

Price spread now: Bulk against Aftermath Perps−0.049%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bulk is 0.049% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps HYPEUSD	93.990	−0.0329	get 0.0041% / 1h	57m 19s	$22K	$22K	10x
Short	Bulk HYPE-USD	93.944	0.0100	get 0.0013% / 1h	57m 19s	$205K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Aftermath Perps. 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 Aftermath PerpsbpFee BulkbpOrdersPrice spread, now −0.049%Rate

Funding earned: $90.14
Price spread: −0.049% → 0.000%: −$4.93
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $69.2
Costs to cover: 0.160%
Break-even: 1.6 days

Slippage unknown: Aftermath Perps: no order-book sample; Bulk: live order book, 17 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bulk live order book, 17 min ago	0.53 bp	6.0 bp −$6	7.6 bp −$76	13.2 bp −$1,324	37.8 bp −$18.9K

Aftermath 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	−0.1432%	1h	93.897	−0.099%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.810	−0.192%	$1.2M	$3.8M	10x	as long as short
dYdX HYPE-USD	−0.0358%	1h	93.996	+0.006%	$128K	$30K	5x	as long as short
Aftermath Perps HYPEUSDlong	−0.0329%	1h	93.990	long leg	$22K	$22K	10x
Bybit HYPEUSDT	−0.0206%	8h	93.890	−0.106%	$323.0M	$283.8M	75x	as long as short
01 Exchange HYPEUSD	−0.0128%	1h	93.906	−0.089%	$86K	$367K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0118%	1h	93.920	−0.074%	$705K	$923K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.930	−0.064%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0055%	1h	93.926	−0.068%	$112K	$579K	20x	as long as short
Derive HYPE-PERP	−0.0017%	1h	93.847	−0.152%	$16.4M	$7.2M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0008%	4h	93.936	−0.057%	$169K	$594K	20x	as long as short
Perpl HYPE	0.0000%	43m	93.931	−0.063%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.964	−0.028%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	94.114	+0.132%	$218K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0015%	4h	93.945	−0.047%	$8.9M	$36.2M	300x	as long as short
Popdex HYPEUSDT	+0.0024%	1h	93.905	−0.090%	$60K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0042%	4h	93.920	−0.074%	$88.0M	$81.8M	100x	as long as short
Binance HYPEUSDT	+0.0044%	4h	93.938	−0.055%	$383.8M	$899.0M	75x	as long as short
edgeX HYPEUSDC	+0.0054%	4h	93.988	−0.002%	$5.1M	$29.7M	30x	as long as short
Phemex HYPEUSDT	+0.0056%	8h	94.006	+0.017%	$12.8M	$2.6M	50x	as long as short
Gate HYPE_USDT	+0.0076%	4h	93.915	−0.080%	$44.6M	$58.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0086%	8h	93.905	−0.090%	$115.9M	$322.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.997	+0.007%	$18.9M	$58.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.958	−0.034%	$3.1M	$12.0M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.955	−0.037%	$400K	$241K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.965	−0.027%	$341K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.940	−0.053%	$42K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.909	−0.086%	$6.6M	$44.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.017	+0.029%	$2.05B	$680.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.963	−0.029%	$10.1M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.913	−0.082%	$46.5M	$18.5M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.910	−0.085%	$227.5M	$101.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.929	−0.065%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.007	+0.018%	$7.7M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.972	−0.019%	$31.4M	$54.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.052	+0.066%	$7.6M	$45.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.033	+0.046%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.964	−0.028%	$679K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.959	−0.033%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.956	−0.036%	$472K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.920	−0.074%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.035	+0.048%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.968	−0.023%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USDshort	+0.0100%	1h	93.944	−0.049%	$205K	$6K	10x
Extended HYPE-USD	+0.0104%	1h	93.900	−0.095%	$18.4M	$42.6M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.960	−0.032%	$4.9M	$5.7M	50x	as long as short
Kalshi KXHYPEPERP	+0.0163%	8h	93.993	+0.003%	$1.9M	$5.0M	2.3x	as long as short
BloFin HYPE-USDT	+0.0188%	4h	93.972	−0.019%	$17.0M	$12.6M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.150	+0.170%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	93.962	−0.030%	$2.8M	$6.9M	20x	as long as short
HTX HYPE-USDT	+0.0228%	4h	94.085	+0.101%	$1.5M	$7.8M	75x	as long as short
Reya HYPERUSDPERP	+0.0250%	1h	93.920	−0.075%	$77K	$142K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0157%	1h	93.963	−0.028%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0377%	1h	94.083	+0.099%	$7.5M	$4.7M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0671%	1h	94.070	+0.085%	$21.0M	$29.5M	50x	as long as short