HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0155%/8h= +16.9% APRnext payment +$0.77 per $10,000 · paid last 24h +0.042%

Price spread now: HTX against Binance+0.137%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 3 days (all we have)−0.263%−$26 · spread now +0.137%, 7d avg +0.031%

Together, before fees−0.206%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and HTX is 0.106% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HYPEUSDT	93.621	0.0065	pay 0.0033% / 4h	1h 03m	$384.3M	$885.9M	75x
Short	HTX HYPE-USDT	93.750	0.0220	get 0.0110% / 4h	1h 03m	$1.5M	$7.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.137%Rate

Funding earned: $32.48
Price spread: +0.137% → +0.031%: $10.58
Slippage, 4 orders: −$6.86
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $14.19
Costs to cover: 0.289%
Break-even: 3.9 days

Slippage from Binance: live order book, 10 min ago; HTX: live order book, 5 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, 10 min ago	0.05 bp	5.5 bp −$5	8.1 bp −$81	16.8 bp −$1,676	doesn't fit
Sell HTX live order book, 5 min ago	0.80 bp	8.5 bp −$9	12.3 bp −$123	43.6 bp −$4,365	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
Aftermath Perps HYPEUSD	−0.0483%	1h	93.360	−0.279%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0424%	1h	93.420	−0.215%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.529	−0.099%	$1.2M	$3.9M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0126%	1h	93.560	−0.066%	$699K	$899K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.591	−0.033%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	93.603	−0.020%	$91K	$358K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.615	−0.007%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.593	−0.030%	$23K	$330K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.599	−0.024%	$27K	—	150x	as long as short
Popdex HYPEUSDT	+0.0008%	1h	93.571	−0.054%	$62K	$1.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0011%	4h	93.618	−0.003%	$8.9M	$35.7M	300x	as long as short
Orderly PERP_HYPE_USDC	+0.0016%	4h	93.584	−0.040%	$176K	$524K	20x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.590	−0.034%	$324.0M	$281.3M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.456	−0.177%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0059%	1h	93.569	−0.056%	$112K	$577K	20x	as long as short
Derive HYPE-PERP	+0.0061%	1h	93.532	−0.095%	$16.3M	$7.0M	10x	as long as short
MEXC HYPE_USDT	+0.0062%	4h	93.600	−0.023%	$90.6M	$82.4M	100x	as long as short
edgeX HYPEUSDC	+0.0063%	4h	93.210	−0.440%	$5.1M	$29.6M	30x	as long as short
Gate HYPE_USDT	+0.0064%	4h	93.594	−0.029%	$44.2M	$59.0M	75x	as long as short
Binance HYPEUSDTlong	+0.0065%	4h	93.621	long leg	$384.3M	$885.9M	75x
Phemex HYPEUSDT	+0.0093%	8h	93.520	−0.108%	$12.7M	$2.6M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.658	+0.039%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.641	+0.021%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.579	−0.045%	$398K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.614	−0.008%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.600	−0.023%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.538	−0.089%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.643	+0.023%	$2.04B	$664.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.641	+0.021%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.587	−0.037%	$114.5M	$312.5M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.626	+0.005%	$47.2M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.609	−0.013%	$227.0M	$102.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.592	−0.031%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.601	−0.022%	$7.9M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.352	−0.287%	$30.8M	$51.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.317	−0.325%	$7.5M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.209	−0.441%	$415K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.453	−0.180%	$676K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.564	−0.061%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.588	−0.036%	$495K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.571	−0.054%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.622	+0.001%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.575	−0.050%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.280	−0.365%	$204K	$8K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.587	−0.036%	$18.3M	$41.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0120%	8h	93.583	−0.041%	$1.9M	$5.2M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.660	+0.041%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDTshort	+0.0220%	4h	93.750	+0.137%	$1.5M	$7.7M	75x
Injective HYPE/USDC PERP	+0.0239%	1h	93.350	−0.290%	$30K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0242%	4h	93.400	−0.237%	$16.9M	$12.4M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	93.556	−0.070%	$77K	$159K	15x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.644	+0.024%	$2.8M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	93.593	−0.030%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0359%	1h	93.675	+0.057%	$7.4M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0464%	1h	93.696	+0.080%	$20.9M	$28.9M	50x	as long as short