HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0744%/8h= +81.4% APRnext payment +$0.93 per $10,000 · paid last 24h +0.060%

Price spread now: Injective against Bluefin+0.857%7-day average +0.165% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+2.260%+$226 on $10k

Price spread, last 4 days (all we have)−0.680%−$68 · spread now +0.857%, 7d avg +0.165%

Together, before fees+1.579%+$158 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Injective is 0.693% dearer against Bluefin than usual: you sell high and buy low: +$69 more if the spread goes back to its 7-day average of +0.165%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin HYPE-PERP	94.361	−0.0591	get 0.0074% / 1h	25m 05s	$80K	$149K	20x
Short	Injective HYPE/USDC PERP	95.170	0.0153	get 0.0019% / 1h	25m 05s	$31K	$340K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bluefin. 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 BluefinbpFee InjectivebpOrdersPrice spread, now +0.857%Rate

Funding earned: $156.16
Price spread: +0.857% → +0.165%: $69.26
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $218.4
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Bluefin: live order book, 9 min ago; Injective: live order book, 9 min ago. Net counts fees only.

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 Bluefin live order book, 9 min ago	4.08 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 9 min ago	42.20 bp	3858.0 bp −$3,858	doesn't fit	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	−0.0792%	1h	94.302	−0.062%	$210K	$267K	7x	as long as short
Bluefin HYPE-PERPlong	−0.0591%	1h	94.361	long leg	$80K	$149K	20x
Aftermath Perps HYPEUSD	−0.0290%	1h	94.433	+0.076%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0260%	1h	94.390	+0.031%	$112K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0181%	1h	94.370	+0.010%	$702K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	94.427	+0.070%	$90K	$365K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.372	+0.012%	$1.0M	$3.3M	10x	as long as short
Phemex HYPEUSDT	−0.0096%	8h	94.367	+0.006%	$12.9M	$2.9M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.405	+0.047%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0072%	4h	94.409	+0.051%	$51.7M	$55.4M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_HYPEUSD	−0.0048%	1h	94.390	+0.031%	$18.8M	$35.5M	50x	as long as short
Bybit HYPEUSDT	−0.0028%	8h	94.430	+0.073%	$318.4M	$293.3M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0009%	4h	94.382	+0.022%	$147K	$677K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.385	+0.026%	$129K	$92K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.470	+0.116%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.426	+0.069%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.424	+0.067%	$113K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.372	+0.012%	$210K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0010%	1h	94.160	−0.213%	$16.3M	$7.5M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.380	+0.020%	$4.7M	$5.9M	50x	as long as short
Bitget HYPEUSDT	+0.0030%	4h	94.476	+0.122%	$227.3M	$97.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0036%	1h	94.386	+0.026%	$7.5M	$10.4M	20x	as long as short
SoDEX HYPE-USD	+0.0037%	1h	94.391	+0.032%	$2.1M	$2.0M	10x	as long as short
Vest HYPE-PERP	+0.0039%	1h	94.462	+0.107%	—	$190K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0039%	8h	94.431	+0.075%	$337K	$39K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0043%	8h	94.466	+0.111%	$117.8M	$327.3M	50x	as long as short
edgeX HYPEUSDC	+0.0089%	4h	94.332	−0.030%	$5.0M	$30.8M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.395	+0.036%	$16.1M	$63.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.397	+0.038%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.420	+0.063%	$149K	$1.2M	50x	as long as short
Aster HYPEUSDT	+0.0099%	4h	94.418	+0.060%	$8.9M	$38.2M	300x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.360	−0.001%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.388	+0.028%	$7.2M	$51.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.497	+0.144%	$2.07B	$689.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.460	+0.105%	$10.2M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.444	+0.088%	$379.9M	$930.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.213	−0.156%	$219K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.392	+0.033%	$93.8M	$87.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.410	+0.052%	$47.1M	$19.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.407	+0.049%	—	$53.0M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.267	−0.100%	$29.8M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.361	0.000%	$7.6M	$44.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.358	−0.003%	$344K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.335	−0.028%	$688K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.481	+0.127%	$498K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.444	+0.088%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.539	+0.189%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.442	+0.086%	$18.1M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.508	+0.155%	$400K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.442	+0.086%	$3.1M	$6.4M	20x	as long as short
Injective HYPE/USDC PERPshort	+0.0153%	1h	95.170	+0.857%	$31K	$340K	12x
Deribit HYPE_USDC-PERPETUAL	+0.0195%	1h	94.486	+0.132%	$7.5M	$4.4M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.370	+0.010%	$83K	$102K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	94.455	+0.100%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.377	+0.017%	$17.3M	$12.4M	75x	as long as short