HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h +0.068%

Price spread now: 01 Exchange against Arcus+0.033%7-day average +0.067% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on Arcus Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.033%, 7d avg +0.067%

Together, before fees+0.121%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. 01 Exchange is 0.034% cheaper against Arcus than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.067%). If the spread goes back, that is −$3 on $10k: about 7.1 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.083% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus HYPE-USD	94.345	−0.0112	get 0.0014% / 1h	33m 00s	$1.0M	$3.5M	10x
Short	01 Exchange HYPEUSD	94.376	−0.0096	pay 0.0012% / 1h	33m 00s	$89K	$365K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.033%Rate

Funding earned: $3.34
Price spread: +0.033% → +0.067%: −$3.37
Slippage, 4 orders: −$9.99
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$21.52
Costs to cover: 0.215%
Break-even: 52.1 days

Slippage from Arcus: live order book, 6 min ago; 01 Exchange: 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, 6 min ago	0.48 bp	3.0 bp −$3	4.0 bp −$40	18.3 bp −$1,832	doesn't fit
Sell 01 Exchange live order book, 1 min ago	0.64 bp	7.7 bp −$8	18.6 bp −$186	doesn't fit	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	−0.0880%	1h	94.602	+0.272%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0618%	1h	94.287	−0.061%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0308%	1h	94.670	+0.344%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0236%	1h	94.320	−0.026%	$112K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0170%	1h	94.300	−0.048%	$704K	$1.3M	10x	as long as short
Arcus HYPE-USDlong	−0.0112%	1h	94.345	long leg	$1.0M	$3.5M	10x
Gate HYPE_USDT	−0.0100%	4h	94.274	−0.075%	$51.3M	$55.1M	75x	as long as short
01 Exchange HYPEUSDshort	−0.0096%	1h	94.376	+0.033%	$89K	$365K	20x
Hotstuff HYPE-PERP	−0.0080%	1h	94.377	+0.034%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0048%	1h	94.309	−0.039%	$18.9M	$35.4M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0024%	8h	94.240	−0.111%	$317.0M	$296.8M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.308	−0.039%	$147K	$681K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.395	+0.053%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.451	+0.112%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.608	+0.279%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.336	−0.009%	$123K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.654	+0.328%	$210K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.330	−0.016%	$4.7M	$6.3M	50x	as long as short
Bitget HYPEUSDT	+0.0028%	4h	94.270	−0.079%	$226.5M	$99.4M	75x	as long as short
Derive HYPE-PERP	+0.0034%	1h	94.592	+0.262%	$16.3M	$7.5M	10x	as long as short
Vest HYPE-PERP	+0.0041%	1h	94.467	+0.130%	—	$190K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0047%	8h	94.368	+0.024%	$337K	$154K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0049%	8h	94.257	−0.093%	$117.6M	$328.4M	50x	as long as short
Phemex HYPEUSDT	+0.0064%	8h	94.326	−0.020%	$12.9M	$2.9M	50x	as long as short
SoDEX HYPE-USD	+0.0068%	1h	94.330	−0.016%	$2.1M	$2.0M	10x	as long as short
Backpack HYPE_USDC_PERP	+0.0074%	1h	94.239	−0.112%	$7.5M	$10.4M	20x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	94.626	+0.298%	$5.0M	$30.9M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.328	−0.018%	$16.2M	$62.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.315	−0.032%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.356	+0.012%	$148K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.380	+0.037%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.391	+0.049%	$7.2M	$51.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.415	+0.074%	$2.08B	$686.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.250	−0.101%	$9.5M	$37.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.387	+0.045%	$10.2M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.242	−0.109%	$379.5M	$937.8M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.564	+0.232%	$220K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.278	−0.071%	$93.4M	$86.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.279	−0.070%	$47.0M	$19.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.247	−0.104%	—	$53.5M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.619	+0.291%	$30.0M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.643	+0.316%	$7.6M	$44.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.587	+0.257%	$345K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.634	+0.306%	$696K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.460	+0.122%	$498K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.369	+0.025%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.500	+0.164%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.235	−0.117%	$18.4M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.343	−0.002%	$399K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.412	+0.070%	$3.1M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.874%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0237%	1h	94.428	+0.088%	$7.5M	$4.4M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.540	+0.207%	$85K	$104K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	94.382	+0.039%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.303	−0.045%	$17.2M	$12.6M	75x	as long as short