HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0250%/8h= −27.3% APRnext payment −$0.31 per $10,000 · paid last 24h −0.025%

Price spread now: Ondo Perps against ApeX Omni+0.035%52s7-day average −0.085% · you sell dearer than you buy

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

Long on ApeX Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 3 days (all we have)−0.170%−$17 · spread now +0.035%, 7d avg −0.085%

Together, before fees−0.298%+ Points / potential airdropOndo Perps: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.120% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.085%): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.128% in total) that is about 6.6 days. The two prices were read 52 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 -0.128% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 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	ApeX Omni HYPEUSDT	94.057	0.0100	pay 0.0013% / 1h	26m 04s	$340K	$1.1M	50x
Short	Ondo Perps HYPE-USD.P	94.090	−0.0150	pay 0.0019% / 1h	26m 04s	$711K	$960K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against ApeX Omni. 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 ApeX OmnibpFee Ondo PerpsbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$52.42
Price spread: +0.035% → −0.085%: $12.04
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$55.38
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: ApeX Omni: 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 ApeX Omni live order book, 3 min ago	1.97 bp	8.4 bp −$8	11.3 bp −$113	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	−0.1376%	1h	94.105	+0.051%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	94.061	+0.004%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0225%	1h	94.144	+0.092%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.Pshort	−0.0150%	1h	94.090	+0.035%	$711K	$960K	10x
dYdX HYPE-USD	−0.0139%	1h	94.123	+0.070%	$129K	$31K	5x	as long as short
Phemex HYPEUSDT	−0.0115%	8h	94.166	+0.116%	$12.8M	$2.6M	50x	as long as short
Bullet HYPE-USD	−0.0102%	1h	94.160	+0.110%	$113K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.172	+0.122%	$86K	$359K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.124	+0.071%	$3K	$331	25x	as long as short
Bybit HYPEUSDT	−0.0020%	8h	94.134	+0.082%	$323.4M	$280.4M	75x	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	−0.0019%	4h	94.155	+0.104%	$160K	$645K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.135	+0.083%	$23K	$327K	10x	as long as short
Gate HYPE_USDT	+0.0002%	4h	94.166	+0.116%	$44.6M	$59.8M	75x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.206	+0.159%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0020%	4h	94.159	+0.109%	$8.9M	$36.1M	300x	as long as short
Phoenix HYPE	+0.0034%	1h	94.121	+0.068%	$219K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0040%	1h	94.146	+0.094%	$16.5M	$7.3M	10x	as long as short
MEXC HYPE_USDT	+0.0048%	4h	94.185	+0.136%	$89.3M	$82.7M	100x	as long as short
Binance HYPEUSDT	+0.0049%	4h	94.179	+0.130%	$384.1M	$893.2M	75x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	94.004	−0.056%	$5.1M	$29.9M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0079%	8h	94.160	+0.110%	$116.1M	$318.7M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.223	+0.177%	$19.2M	$59.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.184	+0.135%	$3.0M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.168	+0.118%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.165	+0.115%	$401K	$180K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.195	+0.147%	$342K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.180	+0.131%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.147	+0.096%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.244	+0.199%	$2.05B	$677.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.173	+0.123%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.204	+0.156%	$46.7M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.164	+0.114%	$228.3M	$100.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.152	+0.101%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.159	+0.108%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.149	+0.098%	$31.5M	$54.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.088	+0.033%	$7.6M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDTlong	+0.0100%	1h	94.057	long leg	$340K	$1.1M	50x
StandX HYPE-USD	+0.0100%	1h	94.130	+0.078%	$681K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.187	+0.139%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.186	+0.137%	$481K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.183	+0.134%	$76K	$170K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.246	+0.201%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.195	+0.147%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.151	+0.100%	$205K	$2K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.155	+0.104%	$18.8M	$44.4M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.030	−0.029%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0198%	4h	94.138	+0.086%	$17.0M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.460%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.210	+0.162%	$2.8M	$6.7M	20x	as long as short
Kalshi KXHYPEPERP	+0.0225%	8h	94.221	+0.174%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.167	+0.116%	$79K	$142K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0155%	1h	94.212	+0.165%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0415%	4h	94.349	+0.310%	$1.5M	$6.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0429%	1h	94.289	+0.247%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0670%	1h	94.290	+0.248%	$21.1M	$29.7M	50x	as long as short