HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0069%/8h= +7.6% APRnext payment +$0.09 per $10,000 · paid last 24h −0.085%

Price spread now: Arcus against Bullet−0.056%47s7-day average −0.060% · you buy dearer than you sell

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

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

costs, in and out, $10k−$210.205% of the position

Long on Bullet Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.111%−$11 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now −0.056%, 7d avg −0.060%

Together, before fees−0.335%−$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.111%, so the current rate has only just turned in your favour. The two prices were read 47 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	Bullet HYPE-USD	93.219	−0.0059	get 0.0007% / 1h	31m 43s	$111K	$578K	20x
Short	Arcus HYPE-USD	93.166	0.0011	get 0.0001% / 1h	31m 43s	$1.0M	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bullet. 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 BulletbpFee ArcusbpOrdersPrice spread, now −0.056%Rate

Funding earned: $14.57
Price spread: −0.056% → −0.060%: $0.4
Slippage, 4 orders: −$8.02
Fee Bullet: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$5.55
Costs to cover: 0.205%
Break-even: 9.7 days

Slippage from Bullet: live order book, 17 min ago; Arcus: live order book, 2 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 Bullet live order book, 17 min ago	0.48 bp	8.1 bp −$8	13.2 bp −$132	doesn't fit	doesn't fit
Sell Arcus live order book, 2 min ago	0.59 bp	3.1 bp −$3	7.7 bp −$77	26.2 bp −$2,620	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	−0.1616%	1h	93.216	−0.003%	$196K	$234K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0359%	1h	93.307	+0.095%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.195	−0.025%	$3K	$331	25x	as long as short
Bullet HYPE-USDlong	−0.0059%	1h	93.219	long leg	$111K	$578K	20x
Orderly PERP_HYPE_USDC	−0.0023%	4h	93.213	−0.006%	$146K	$662K	20x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	93.307	+0.095%	$87K	$366K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.219	0.000%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.246	+0.029%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.247	+0.030%	$62K	—	150x	as long as short
Arcus HYPE-USDshort	+0.0011%	1h	93.166	−0.056%	$1.0M	$4.0M	10x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0016%	4h	93.176	−0.046%	$225.2M	$98.9M	75x	as long as short
Bybit HYPEUSDT	+0.0022%	8h	93.163	−0.060%	$316.5M	$282.9M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0024%	1h	93.150	−0.074%	$702K	$1.2M	10x	as long as short
Phoenix HYPE	+0.0026%	1h	93.263	+0.048%	$207K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0047%	8h	93.223	+0.005%	$12.6M	$2.7M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.223	+0.004%	$339K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	93.463	+0.262%	$5.0M	$30.0M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.199	−0.021%	$16.1M	$63.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.195	−0.025%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.276	+0.062%	$75K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.160	−0.063%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.237	+0.020%	$8.0M	$48.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.230	+0.012%	$2.03B	$668.9M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.185	−0.036%	$8.7M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.229	+0.011%	$10.0M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.191	−0.030%	$373.4M	$912.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.186	−0.035%	$114.2M	$309.2M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.230	+0.012%	$215K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.177	−0.045%	$46.7M	$54.3M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.205	−0.015%	$90.9M	$81.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.187	−0.034%	$46.0M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.190	−0.031%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.248	+0.031%	$7.3M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.351	+0.141%	$28.6M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.365	+0.157%	$7.5M	$47.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.496	+0.298%	$343K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.230	+0.012%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.310	+0.098%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.275	+0.060%	$483K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.237	+0.020%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.200	−0.020%	$16.1M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.268	+0.053%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.198	−0.022%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.420	+0.216%	$1.4M	$6.5M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.163	−0.059%	$18.1M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.225	+0.007%	$394K	$158K	20x	as long as short
Kalshi KXHYPEPERP	+0.0110%	8h	93.313	+0.101%	$1.8M	$5.7M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.130	−0.095%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.230	+0.012%	$4.8M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	93.225	+0.007%	$80K	$127K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.248	+0.031%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.202	−0.018%	$16.9M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0342%	1h	93.275	+0.060%	$20.8M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0415%	1h	93.285	+0.071%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.265	+0.050%	$3.2M	$6.3M	20x	as long as short