HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0145%/8h= +15.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.098%

Price spread now: StandX against Arcus−0.113%7-day average +0.022% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on Arcus Short on StandX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.128%+$13 on $10k

Price spread, last 7 days+0.151%+$15 · spread now −0.113%, 7d avg +0.022%

Together, before fees+0.279%+ Points / potential airdropStandX: Active · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.136% cheaper against Arcus than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of +0.022%). If the spread goes back, that is −$14 on $10k: about 3.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus HYPE-USD	94.422	−0.0045	get 0.0006% / 1h	18m 07s	$1.0M	$3.6M	10x
Short	StandX HYPE-USD	94.315	0.0100	get 0.0013% / 1h	18m 07s	$682K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Arcus. 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 ArcusbpFee StandXbpOrdersPrice spread, now −0.113%Rate

Funding earned: $30.46
Price spread: −0.113% → +0.022%: −$13.58
Slippage, 4 orders: −$4.25
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee StandX: 4 bp × 2 orders: −$8
Net: $0.13
Costs to cover: 0.168%
Break-even: 7.0 days

Slippage from Arcus: live order book, 1 min ago; StandX: live order book, 1 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 Arcus live order book, 1 min ago	0.11 bp	3.5 bp −$3	4.3 bp −$43	18.3 bp −$1,832	doesn't fit
Sell StandX live order book, 1 min ago	0.42 bp	4.4 bp −$4	4.7 bp −$47	13.5 bp −$1,350	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	−0.1712%	1h	94.261	−0.171%	$202K	$255K	7x	as long as short
Bluefin HYPE-PERP	−0.0396%	1h	94.453	+0.033%	$80K	$152K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0214%	1h	94.300	−0.129%	$710K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0208%	1h	94.443	+0.022%	$111K	$576K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0148%	1h	94.242	−0.191%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	94.488	+0.070%	$88K	$367K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.400	−0.023%	$3K	$331	25x	as long as short
Derive HYPE-PERP	−0.0061%	1h	94.393	−0.031%	$16.4M	$7.5M	10x	as long as short
Arcus HYPE-USDlong	−0.0045%	1h	94.422	long leg	$1.0M	$3.6M	10x
Lighter HYPE	−0.0032%	1h	94.434	+0.013%	$16.4M	$64.5M	20x	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	94.439	+0.018%	—	$52.7M	—	as long as short
Orderly PERP_HYPE_USDC	−0.0009%	4h	94.440	+0.019%	$147K	$686K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.387	−0.037%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.516	+0.100%	$1.9M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.117	−0.323%	$208K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.468	+0.049%	$19K	$287K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.489	+0.071%	$124K	—	150x	as long as short
Polymarket Perps HYPE-USD	+0.0008%	1h	94.490	+0.072%	$498K	$2.8M	20x	as long as short
Bybit HYPEUSDT	+0.0017%	8h	94.425	+0.003%	$317.4M	$289.3M	75x	as long as short
Bitget HYPEUSDT	+0.0028%	4h	94.422	0.000%	$226.9M	$100.1M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0033%	8h	94.465	+0.046%	$338K	$154K	20x	as long as short
Phemex HYPEUSDT	+0.0036%	8h	94.399	−0.024%	$12.9M	$2.9M	50x	as long as short
Vest HYPE-PERP	+0.0040%	1h	94.489	+0.071%	—	$190K	5x	as long as short
SoDEX HYPE-USD	+0.0051%	1h	94.459	+0.039%	$2.1M	$1.9M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.440	+0.019%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0066%	8h	94.432	+0.011%	$117.9M	$325.4M	50x	as long as short
Gate HYPE_USDT	+0.0092%	4h	94.436	+0.015%	$50.2M	$56.8M	75x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	93.993	−0.454%	$5.0M	$30.7M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.450	+0.030%	$3.2M	$10.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.442	+0.021%	$81K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.440	+0.019%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.443	+0.023%	$7.2M	$53.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.524	+0.108%	$2.08B	$687.9M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.452	+0.032%	$8.8M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.459	+0.039%	$10.2M	$15.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.468	+0.049%	$378.8M	$934.2M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.307	−0.122%	$218K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.457	+0.037%	$89.1M	$84.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.449	+0.029%	$46.9M	$18.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.400	−0.023%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.079	−0.364%	$29.4M	$54.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.093	−0.349%	$7.6M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.028	−0.417%	$369K	$1.0M	50x	as long as short
StandX HYPE-USDshort	+0.0100%	1h	94.315	−0.113%	$682K	$2.6M	20x
SunX HYPE-USDT	+0.0100%	4h	94.526	+0.110%	$33K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.550	+0.136%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.444	+0.023%	$18.3M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.468	+0.049%	$399K	$154K	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0110%	1h	94.540	+0.125%	$7.5M	$4.3M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0022%	1h	94.497	+0.079%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.740	+0.337%	$31K	$340K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.476	+0.057%	$20.2M	$30.2M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.462	+0.042%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.451	+0.031%	$85K	$120K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.362	−0.064%	$17.2M	$12.4M	75x	as long as short