HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.80 per $10,000 · paid last 24h −0.081%

Price spread now: BingX against BloFin+0.035%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on BloFin Short on BingX

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)+0.001%$0 · spread now +0.035%, 7d avg −0.019%

Together, before fees−0.545%−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.054% dearer against BloFin than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.019%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin HYPE-USDT	93.211	0.0260	pay 0.0130% / 4h	1h 15m	$16.8M	$12.4M	75x
Short	BingX HYPE-USDT	93.244	0.0100	get 0.0050% / 4h	1h 15m	—	$53.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$33.5
Price spread: +0.035% → −0.019%: $5.43
Slippage, 4 orders: −$2.15
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$52.22
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; BingX: live order book, 4 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 BloFin live order book, 4 min ago	0.11 bp	6.1 bp −$6	6.9 bp −$69	10.8 bp −$1,084	doesn't fit
Sell BingX live order book, 4 min ago	0.11 bp	5.1 bp −$5	5.3 bp −$53	11.4 bp −$1,138	16.9 bp −$8,461

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	93.188	−0.025%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0344%	1h	93.258	+0.050%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.148	−0.068%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0126%	1h	93.170	−0.044%	$699K	$931K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.195	−0.017%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	93.247	+0.039%	$90K	$361K	20x	as long as short
Aster HYPEUSDT	0.0000%	4h	93.254	+0.046%	$8.9M	$35.9M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.278	+0.072%	$127K	$32K	5x	as long as short
Popdex HYPEUSDT	0.0000%	1h	93.212	+0.001%	$58K	$1.2M	50x	as long as short
Perpl HYPE	0.0000%	43m	93.201	−0.011%	$23K	$331K	10x	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 −0.0002%	1h	93.242	+0.034%	$27K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0020%	4h	93.218	+0.008%	$172K	$517K	20x	as long as short
Bybit HYPEUSDT	+0.0023%	8h	93.243	+0.034%	$323.0M	$286.2M	75x	as long as short
Bullet HYPE-USD	+0.0033%	1h	93.210	−0.001%	$112K	$579K	20x	as long as short
Phoenix HYPE	+0.0034%	1h	93.249	+0.041%	$214K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0047%	1h	93.170	−0.044%	$16.3M	$7.0M	10x	as long as short
Gate HYPE_USDT	+0.0064%	4h	93.250	+0.042%	$43.9M	$58.6M	75x	as long as short
MEXC HYPE_USDT	+0.0064%	4h	93.269	+0.062%	$90.1M	$82.3M	100x	as long as short
Binance HYPEUSDT	+0.0065%	4h	93.247	+0.039%	$381.7M	$893.5M	75x	as long as short
edgeX HYPEUSDC	+0.0085%	4h	93.171	−0.042%	$5.1M	$29.7M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.299	+0.095%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.282	+0.076%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.217	+0.007%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.209	−0.002%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.210	−0.001%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.209	−0.002%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.295	+0.090%	$2.03B	$669.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.233	+0.024%	$10.0M	$14.4M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.244	+0.035%	$114.2M	$313.9M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.232	+0.023%	$204K	$8K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.256	+0.048%	$47.0M	$18.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.264	+0.057%	$226.2M	$103.0M	75x	as long as short
BingX HYPE-USDTshort	+0.0100%	4h	93.244	+0.035%	—	$53.8M	—
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.265	+0.058%	$7.8M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.203	−0.008%	$29.0M	$50.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.199	−0.013%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.153	−0.062%	$414K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.239	+0.030%	$674K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.247	+0.039%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.238	+0.029%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.204	−0.008%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.249	+0.041%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.243	+0.034%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.215	+0.004%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.193	−0.019%	$18.2M	$41.8M	50x	as long as short
Kalshi KXHYPEPERP	+0.0117%	8h	93.294	+0.089%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.310	+0.106%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0232%	4h	93.405	+0.208%	$1.5M	$7.7M	75x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.140	−0.076%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.204	−0.007%	$77K	$159K	15x	as long as short
BloFin HYPE-USDTlong	+0.0260%	4h	93.211	long leg	$16.8M	$12.4M	75x
RISEx HYPE/USDC	+0.0280%	1h	93.271	+0.065%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.237	+0.028%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0340%	1h	93.326	+0.123%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.364	+0.164%	$20.9M	$29.0M	50x	as long as short