HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0296%/8h= +32.4% APRnext payment +$0.37 per $10,000 · paid last 24h +0.067%

Price spread now: Injective against Bullet+0.428%114s7-day average +0.162% · you sell dearer than you buy

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

Long on Bullet Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.677%+$68 on $10k

Price spread, last 3 days (all we have)−0.657%−$66 · spread now +0.428%, 7d avg +0.162%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Injective is 0.266% dearer against Bullet than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.162%. The two prices were read 114 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	94.087	−0.0091	get 0.0011% / 1h	33m 23s	$112K	$580K	20x
Short	Injective HYPE/USDC PERP	94.490	0.0205	get 0.0026% / 1h	33m 23s	$31K	$338K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.428%Rate

Funding earned: $62.13
Price spread: +0.428% → +0.162%: $26.64
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $80.75
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Bullet: live order book, 41 min ago; Injective: live order book, 41 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 Bullet live order book, 41 min ago	0.27 bp	7.1 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit
Sell Injective live order book, 41 min ago	32.41 bp	doesn't fit	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	−0.1448%	1h	94.283	+0.208%	$200K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	94.156	+0.073%	$1.2M	$3.8M	10x	as long as short
Phemex HYPEUSDT	−0.0259%	8h	94.233	+0.155%	$12.8M	$2.6M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0242%	1h	94.220	+0.142%	$22K	$23K	10x	as long as short
dYdX HYPE-USD	−0.0171%	1h	94.245	+0.168%	$129K	$31K	5x	as long as short
Ondo Perps HYPE-USD.P	−0.0152%	1h	94.210	+0.131%	$710K	$947K	10x	as long as short
Bullet HYPE-USDlong	−0.0091%	1h	94.087	long leg	$112K	$580K	20x
01 Exchange HYPEUSD	−0.0080%	1h	94.217	+0.138%	$86K	$361K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.258	+0.182%	$3K	$331	25x	as long as short
Bybit HYPEUSDT	−0.0019%	8h	94.080	−0.007%	$323.2M	$280.8M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0014%	4h	94.093	+0.006%	$161K	$638K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.151	+0.068%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.122	+0.037%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0025%	4h	94.234	+0.156%	$8.9M	$36.1M	300x	as long as short
Gate HYPE_USDT	+0.0026%	4h	94.098	+0.012%	$44.5M	$59.6M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	94.342	+0.271%	$219K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0048%	1h	94.238	+0.160%	$16.5M	$7.3M	10x	as long as short
MEXC HYPE_USDT	+0.0050%	4h	94.133	+0.049%	$89.5M	$82.5M	100x	as long as short
Binance HYPEUSDT	+0.0051%	4h	94.122	+0.037%	$383.9M	$893.2M	75x	as long as short
edgeX HYPEUSDC	+0.0061%	4h	94.240	+0.162%	$5.1M	$29.9M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0080%	8h	94.095	+0.009%	$116.1M	$319.1M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.312	+0.239%	$19.1M	$58.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.285	+0.210%	$3.1M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.182	+0.101%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.084	−0.003%	$400K	$188K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.292	+0.218%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.190	+0.109%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.208	+0.129%	$6.7M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.297	+0.223%	$2.06B	$676.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.278	+0.203%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.176	+0.095%	$46.6M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.171	+0.089%	$228.4M	$100.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.096	+0.010%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.291	+0.217%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.220	+0.142%	$31.8M	$54.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.271	+0.196%	$7.6M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.252	+0.175%	$341K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.262	+0.186%	$682K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.245	+0.168%	—	$248K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.204	+0.124%	$481K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.075	−0.013%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.356	+0.286%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.262	+0.186%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.120	+0.035%	$205K	$4K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.068	−0.020%	$18.9M	$44.4M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.310	+0.237%	$5.0M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0204%	4h	94.247	+0.170%	$17.0M	$12.3M	75x	as long as short
Injective HYPE/USDC PERPshort	+0.0205%	1h	94.490	+0.428%	$31K	$338K	12x
Kalshi KXHYPEPERP	+0.0213%	8h	94.344	+0.273%	$1.9M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.237	+0.160%	$2.8M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.130	+0.046%	$79K	$145K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0153%	1h	94.125	+0.041%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0429%	1h	94.373	+0.304%	$7.5M	$4.7M	50x	as long as short
HTX HYPE-USDT	+0.0448%	4h	94.450	+0.386%	$1.5M	$6.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0669%	1h	94.348	+0.278%	$21.1M	$29.7M	50x	as long as short