HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.84 per $10,000 · paid last 24h +0.081%

Price spread now: BloFin against BingX+0.076%66s7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs+$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.233% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.547%+$55 on $10k

Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.076%, 7d avg +0.019%

Together, before fees+0.434%+$43 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 BloFin is 0.057% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.019%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX HYPE-USDT	93.171	0.0100	pay 0.0050% / 4h	1h 18m	—	$53.8M	—
Short	BloFin HYPE-USDT	93.242	0.0268	get 0.0134% / 4h	1h 18m	$16.8M	$12.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now +0.076%Rate

Funding earned: $35.36
Price spread: +0.076% → +0.019%: $5.73
Slippage, 4 orders: −$1.32
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $17.77
Costs to cover: 0.233%
Break-even: 3.5 days

Slippage from BingX: live order book, 11 min ago; BloFin: live order book, 6 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 BingX live order book, 11 min ago	0.11 bp	5.8 bp −$6	6.7 bp −$67	10.3 bp −$1,029	15.4 bp −$7,720
Sell BloFin live order book, 6 min ago	0.11 bp	6.1 bp −$6	9.8 bp −$98	13.8 bp −$1,385	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	−0.0438%	1h	93.164	−0.008%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0336%	1h	93.229	+0.062%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.190	+0.020%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0125%	1h	93.170	−0.001%	$699K	$929K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.245	+0.079%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	93.288	+0.126%	$90K	$361K	20x	as long as short
Popdex HYPEUSDT	−0.0008%	1h	93.257	+0.092%	$58K	$1.2M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.276	+0.113%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.250	+0.085%	$23K	$331K	10x	as long as short
Aster HYPEUSDT	0.0000%	4h	93.256	+0.091%	$8.9M	$35.9M	300x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.289	+0.126%	$20K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0021%	4h	93.264	+0.100%	$172K	$518K	20x	as long as short
Bybit HYPEUSDT	+0.0021%	8h	93.158	−0.014%	$322.7M	$286.8M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.293	+0.131%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0040%	1h	93.247	+0.082%	$112K	$579K	20x	as long as short
Derive HYPE-PERP	+0.0047%	1h	93.208	+0.039%	$16.3M	$7.0M	10x	as long as short
Gate HYPE_USDT	+0.0056%	4h	93.192	+0.023%	$43.9M	$58.6M	75x	as long as short
Binance HYPEUSDT	+0.0066%	4h	93.207	+0.038%	$381.6M	$895.0M	75x	as long as short
MEXC HYPE_USDT	+0.0066%	4h	93.251	+0.086%	$90.1M	$82.3M	100x	as long as short
edgeX HYPEUSDC	+0.0079%	4h	93.210	+0.041%	$5.1M	$29.7M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.305	+0.143%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.285	+0.122%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.263	+0.098%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.266	+0.102%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.230	+0.063%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.245	+0.080%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.277	+0.114%	$2.03B	$669.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.277	+0.114%	$10.0M	$14.4M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.171	0.000%	$114.1M	$314.8M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.232	+0.066%	$204K	$8K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.202	+0.033%	$47.0M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.199	+0.030%	$225.9M	$103.1M	75x	as long as short
BingX HYPE-USDTlong	+0.0100%	4h	93.171	long leg	—	$53.8M	—
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.208	+0.040%	$7.8M	$10.9M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.153	−0.019%	$29.0M	$50.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.258	+0.093%	$7.5M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.262	+0.098%	$415K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.227	+0.060%	$674K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.279	+0.116%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.282	+0.119%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.260	+0.096%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.271	+0.107%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.263	+0.099%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.225	+0.058%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.244	+0.079%	$18.2M	$41.9M	50x	as long as short
Kalshi KXHYPEPERP	+0.0115%	8h	93.316	+0.156%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.300	+0.138%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0238%	4h	93.400	+0.246%	$1.5M	$7.7M	75x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.120	−0.055%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.250	+0.085%	$77K	$159K	15x	as long as short
BloFin HYPE-USDTshort	+0.0268%	4h	93.242	+0.076%	$16.8M	$12.5M	75x
RISEx HYPE/USDC	+0.0280%	1h	93.290	+0.128%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.280	+0.117%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0393%	1h	93.355	+0.197%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.367	+0.210%	$20.9M	$29.0M	50x	as long as short