HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: StandX against Bulk+0.068%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Bulk Short on StandX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.712%+$71 · spread now +0.068%, 7d avg −0.031%

Together, before fees+0.711%+ Points / potential airdropStandX: Active · farm board+$71 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.099% dearer against Bulk than usual: you sell high and buy low, +$10 on $10k if it 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	Bulk HYPE-USD	94.986	0.0094	pay 0.0012% / 1h	55m 42s	$221K	$14K	10x
Short	StandX HYPE-USD	95.051	0.0100	get 0.0013% / 1h	55m 42s	$691K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Bulk. 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 BulkbpFee StandXbpOrdersPrice spread, now +0.068%Rate

Funding earned: $1.25
Price spread: +0.068% → −0.031%: $9.89
Slippage, 4 orders: −$4.06
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee StandX: 4 bp × 2 orders: −$8
Net: −$7.92
Costs to cover: 0.191%
Break-even: 51.3 days

Slippage from Bulk: live order book, 38 min ago; StandX: live order book, 3 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 Bulk live order book, 38 min ago	0.53 bp	4.6 bp −$5	7.3 bp −$73	16.8 bp −$1,679	52.8 bp −$26.4K
Sell StandX live order book, 3 min ago	1.21 bp	5.2 bp −$5	5.4 bp −$54	11.8 bp −$1,183	doesn't fit

HYPE on 54 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
Bluefin HYPE-PERP	−0.1246%	1h	94.949	−0.039%	$79K	$147K	20x	as long as short
Hibachi HYPE/USDT-P	−0.1104%	1h	94.878	−0.115%	$211K	$265K	7x	as long as short
Bullet HYPE-USD	−0.0494%	1h	94.983	−0.004%	$112K	$580K	20x	as long as short
Kraken Futures PF_HYPEUSD	−0.0376%	1h	94.984	−0.003%	$18.8M	$35.7M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0356%	1h	94.830	−0.165%	$694K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0240%	1h	94.953	−0.035%	$90K	$354K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0188%	1h	95.115	+0.136%	$22K	$19K	10x	as long as short
Arcus HYPE-USD	−0.0159%	1h	94.854	−0.139%	$1.0M	$3.0M	10x	as long as short
Phemex HYPEUSDT	−0.0127%	8h	94.950	−0.038%	$13.0M	$2.8M	50x	as long as short
Polymarket Perps HYPE-USD	−0.0096%	1h	94.969	−0.018%	$499K	$2.6M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0084%	4h	94.928	−0.062%	$53.2M	$53.8M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.978	−0.009%	$3K	$331	25x	as long as short
Vest HYPE-PERP	−0.0052%	1h	95.020	+0.036%	—	$88K	5x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0024%	1h	94.970	−0.017%	$4.7M	$5.7M	50x	as long as short
Bybit HYPEUSDT	−0.0008%	8h	94.887	−0.105%	$319.4M	$279.8M	75x	as long as short
BingX HYPE-USDT	−0.0008%	4h	94.870	−0.123%	—	$50.5M	—	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.960	−0.028%	$148K	$665K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.913	−0.078%	$130K	$93K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.108	+0.128%	$1.8M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.976	−0.011%	$19K	$271K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.100	+0.120%	$86K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	95.157	+0.180%	$203K	$1.0M	10x	as long as short
SoDEX HYPE-USD	+0.0016%	1h	94.973	−0.014%	$2.1M	$1.3M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0025%	8h	94.862	−0.131%	$118.6M	$318.0M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0036%	8h	94.938	−0.051%	$339K	$38K	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0040%	1h	94.945	−0.044%	$7.3M	$10.3M	20x	as long as short
Bitget HYPEUSDT	+0.0050%	4h	94.862	−0.131%	$228.0M	$92.9M	75x	as long as short
Aster HYPEUSDT	+0.0060%	4h	94.897	−0.094%	$9.0M	$36.2M	300x	as long as short
edgeX HYPEUSDC	+0.0087%	4h	95.004	+0.018%	$5.0M	$30.8M	30x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0087%	1h	95.070	+0.088%	$7.5M	$4.3M	50x	as long as short
Bulk HYPE-USDlong	+0.0094%	1h	94.986	long leg	$221K	$14K	10x
Lighter HYPE	+0.0096%	1h	94.905	−0.086%	$16.2M	$60.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.901	−0.090%	$3.2M	$9.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.945	−0.044%	$268K	$1.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.950	−0.038%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.930	−0.059%	$7.3M	$55.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.101	+0.121%	$2.10B	$678.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.917	−0.073%	$10.2M	$14.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.895	−0.096%	$381.4M	$903.9M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.881	−0.111%	$88.1M	$85.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.920	−0.070%	$47.4M	$18.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.956	−0.032%	$29.9M	$55.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.063	+0.081%	$7.7M	$43.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.023	+0.038%	$348K	$1.0M	50x	as long as short
StandX HYPE-USDshort	+0.0100%	1h	95.051	+0.068%	$691K	$2.7M	20x
SunX HYPE-USDT	+0.0100%	4h	94.867	−0.126%	$32K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.133	+0.154%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.905	−0.086%	$18.3M	$41.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.127	+0.148%	$402K	$136K	20x	as long as short
RISEx HYPE/USDC	+0.0166%	1h	94.982	−0.005%	$3.2M	$6.2M	20x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.940	−0.049%	$86K	$93K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.051	+0.068%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.974	−0.013%	$17.2M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0850%	1h	95.480	+0.520%	$31K	$335K	12x	as long as short