HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0263%/8h= +28.8% APRnext payment +$0.33 per $10,000 · paid last 24h −0.018%

Price spread now: Derive against ApeX Omni+0.153%48s7-day average −0.030% · you sell dearer than you buy

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

Long on ApeX Omni Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.153%, 7d avg −0.030%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Derive is 0.183% dearer against ApeX Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.030%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni HYPEUSDT	94.636	−0.0262	get 0.0033% / 1h	47m 34s	$322K	$924K	50x
Short	Derive HYPE-PERP	94.781	0.0001	get 0.0000% / 1h	47m 34s	$16.3M	$7.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against ApeX Omni. 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 ApeX OmnibpFee DerivebpOrdersPrice spread, now +0.153%Rate

Funding earned: $55.27
Price spread: +0.153% → −0.030%: $18.28
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: $57.55
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 55 min ago; Derive: 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 ApeX Omni live order book, 55 min ago	2.31 bp	8.6 bp −$9	12.4 bp −$124	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 exchanges

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
Kraken Futures PF_HYPEUSD	−0.0282%	1h	94.869	+0.247%	$18.3M	$32.6M	50x	as long as short
ApeX Omni HYPEUSDTlong	−0.0262%	1h	94.636	long leg	$322K	$924K	50x
Phemex HYPEUSDT	−0.0258%	8h	94.830	+0.205%	$13.0M	$2.2M	50x	as long as short
Bluefin HYPE-PERP	−0.0230%	1h	94.811	+0.185%	$79K	$131K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0209%	1h	94.770	+0.142%	$677K	$1.3M	10x	as long as short
Aster HYPEUSDT	−0.0101%	4h	94.940	+0.321%	$9.0M	$34.6M	300x	as long as short
01 Exchange HYPEUSD	−0.0096%	1h	94.969	+0.352%	$102K	$352K	20x	as long as short
Lighter HYPE	−0.0096%	1h	94.850	+0.226%	$16.5M	$55.3M	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.894	+0.273%	$3K	$421	25x	as long as short
Gate HYPE_USDT	−0.0076%	4h	94.914	+0.294%	$56.0M	$52.7M	75x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0075%	4h	94.816	+0.190%	$147K	$643K	20x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0064%	1h	94.860	+0.237%	$4.8M	$5.4M	50x	as long as short
OKX HYPE-USDT-SWAP	−0.0044%	8h	94.884	+0.262%	$118.8M	$304.5M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0043%	1h	94.921	+0.301%	$22K	$17K	10x	as long as short
Bitget HYPEUSDT	−0.0028%	4h	94.905	+0.284%	$229.9M	$86.1M	75x	as long as short
Phoenix HYPE	−0.0017%	1h	94.778	+0.150%	$199K	$1.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.871	+0.248%	$128K	$96K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.811	+0.184%	$24K	$249K	10x	as long as short
Derive HYPE-PERPshort	+0.0001%	1h	94.781	+0.153%	$16.3M	$7.0M	10x
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.836	+0.211%	$99K	—	150x	as long as short
Bullet HYPE-USD	+0.0003%	1h	94.814	+0.188%	$113K	$585K	20x	as long as short
MEXC HYPE_USDT	+0.0024%	4h	94.871	+0.248%	$88.6M	$82.7M	100x	as long as short
edgeX HYPEUSDC	+0.0027%	4h	94.624	−0.012%	$5.0M	$28.1M	30x	as long as short
Bybit HYPEUSDT	+0.0027%	8h	94.970	+0.353%	$320.7M	$263.3M	75x	as long as short
Binance HYPEUSDT	+0.0029%	4h	94.941	+0.322%	$382.8M	$851.7M	75x	as long as short
BingX HYPE-USDT	+0.0034%	4h	94.909	+0.288%	—	$49.8M	—	as long as short
Lighter RH HYPE	+0.0040%	1h	94.849	+0.225%	$3.2M	$9.9M	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0043%	1h	94.816	+0.190%	$6.8M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	94.952	+0.334%	$273K	$1.0M	50x	as long as short
SoDEX HYPE-USD	+0.0067%	1h	94.846	+0.222%	$2.1M	$335K	10x	as long as short
KuCoin HYPEUSDTM	+0.0084%	4h	94.823	+0.198%	$47.3M	$17.8M	75x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	94.887	+0.265%	$401K	$125K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	94.881	+0.259%	$339K	$31K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	94.860	+0.237%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.785	+0.157%	$7.2M	$50.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.941	+0.322%	$2.10B	$643.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.903	+0.282%	$10.2M	$12.8M	20x	as long as short
Arcus HYPE-USD	+0.0100%	1h	94.923	+0.303%	$1.0M	$2.8M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.036	+0.423%	$228K	$20K	10x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.740	+0.110%	$30.0M	$52.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.605	−0.033%	$7.7M	$41.1M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.854	+0.230%	$690K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.843	+0.218%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.825	+0.200%	$491K	$2.4M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.909	+0.288%	$32K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.888	+0.266%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.889	+0.268%	$18.1M	$37.6M	50x	as long as short
BloFin HYPE-USDT	+0.0116%	4h	94.606	−0.032%	$17.5M	$11.5M	75x	as long as short
Kalshi KXHYPEPERP	+0.0118%	8h	94.931	+0.312%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0138%	1h	94.953	+0.335%	$3.1M	$5.2M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0224%	1h	94.926	+0.306%	$7.5M	$4.2M	50x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	94.749	+0.119%	$84K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	94.831	+0.206%	$1.4M	—	100x	as long as short
Hibachi HYPE/USDT-P	+0.1000%	1h	94.909	+0.288%	$214K	$277K	7x	as long as short
Injective HYPE/USDC PERP	+0.1234%	1h	95.420	+0.828%	$31K	$334K	12x	as long as short