HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.001%

Price spread now: Bitget against Binance−0.024%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days+0.031%+$3 · spread now −0.024%, 7d avg −0.020%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HYPEUSDT	94.741	0.0100	pay 0.0050% / 4h	3h 57m	$380.0M	$934.3M	75x
Short	Bitget HYPEUSDT	94.718	0.0014	get 0.0007% / 4h	3h 57m	$227.2M	$100.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$18.06
Price spread: −0.024% → −0.020%: −$0.46
Slippage, 4 orders: −$5.44
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$45.96
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 2 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 Binance live order book, 2 min ago	0.05 bp	5.4 bp −$5	7.8 bp −$78	16.8 bp −$1,682	doesn't fit
Sell Bitget live order book, 2 min ago	0.42 bp	8.8 bp −$9	14.1 bp −$141	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	−0.1472%	1h	94.558	−0.194%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0292%	1h	94.697	−0.047%	$80K	$151K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0253%	1h	94.600	−0.149%	$22K	$20K	10x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.697	−0.047%	$1.0M	$3.5M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0085%	1h	94.610	−0.138%	$712K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.668	−0.077%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	94.763	+0.023%	$87K	$364K	20x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.772	+0.032%	$20.3M	$30.3M	50x	as long as short
Phemex HYPEUSDT	−0.0046%	8h	94.697	−0.047%	$12.9M	$2.9M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	94.696	−0.048%	$147K	$686K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USD	0.0000%	1h	94.666	−0.080%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.848	+0.113%	$1.9M	$5.5M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.723	−0.019%	$210K	$1.2M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.719	−0.023%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.747	+0.006%	$124K	—	150x	as long as short
Derive HYPE-PERP	+0.0008%	1h	94.543	−0.210%	$16.3M	$7.3M	10x	as long as short
Bitget HYPEUSDTshort	+0.0014%	4h	94.718	−0.024%	$227.2M	$100.5M	75x
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.700	−0.043%	$4.7M	$6.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0048%	8h	94.710	−0.033%	$338K	$154K	20x	as long as short
Bullet HYPE-USD	+0.0062%	1h	94.734	−0.008%	$112K	$575K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0064%	8h	94.728	−0.014%	$118.0M	$327.3M	50x	as long as short
Lighter HYPE	+0.0072%	1h	94.729	−0.013%	$16.3M	$61.7M	20x	as long as short
Vest HYPE-PERP	+0.0076%	1h	94.792	+0.054%	—	$190K	5x	as long as short
Bybit HYPEUSDT	+0.0085%	8h	94.720	−0.022%	$318.2M	$288.8M	75x	as long as short
edgeX HYPEUSDC	+0.0092%	4h	94.580	−0.171%	$5.0M	$30.6M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.719	−0.023%	$3.2M	$10.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.740	−0.001%	$121K	$1.2M	50x	as long as short
Gate HYPE_USDT	+0.0096%	4h	94.706	−0.037%	$50.8M	$53.6M	75x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.700	−0.043%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.698	−0.045%	$7.3M	$53.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.823	+0.086%	$2.08B	$690.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.711	−0.032%	$8.9M	$37.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.713	−0.030%	$10.2M	$14.8M	20x	as long as short
Binance HYPEUSDTlong	+0.0100%	4h	94.741	long leg	$380.0M	$934.3M	75x
Bulk HYPE-USD	+0.0100%	1h	94.685	−0.060%	$219K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.737	−0.004%	$93.6M	$84.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.719	−0.023%	$46.9M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.719	−0.023%	—	$53.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.701	−0.042%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.532	−0.221%	$29.7M	$55.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.625	−0.123%	$7.6M	$44.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.574	−0.176%	$351K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.684	−0.060%	$696K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.799	+0.061%	$500K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.831	+0.095%	$33K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.730	−0.012%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.853	+0.118%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.705	−0.038%	$18.4M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.751	+0.010%	$401K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.762	+0.022%	$3.2M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	94.840	+0.104%	$31K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.673	−0.072%	$83K	$120K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0288%	1h	94.820	+0.083%	$7.5M	$4.4M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0327% / S −0.0152%	1h	94.769	+0.029%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.728	−0.014%	$15.8M	$12.4M	75x	as long as short