HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.104%

Price spread now: Arcus against Coinbase International−0.037%7-day average −0.019% · 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−$28as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.037%, 7d avg −0.019%

Together, before fees+0.246%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	95.060	0.0016	pay 0.0002% / 1h	0m 45s	$4.7M	$5.7M	50x
Short	Arcus HYPE-USD	95.025	−0.0112	pay 0.0014% / 1h	0m 45s	$1.0M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$26.86
Price spread: −0.037% → −0.019%: −$1.83
Slippage, 4 orders: −$11.39
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$54.58
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Arcus: 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 Coinbase International live order book, 3 min ago	4.73 bp	9.7 bp −$10	13.8 bp −$138	45.6 bp −$4,564	doesn't fit
Sell Arcus live order book, 3 min ago	0.05 bp	3.9 bp −$4	8.6 bp −$86	28.7 bp −$2,867	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
Hibachi HYPE/USDT-P	−0.1040%	1h	94.971	−0.093%	$211K	$265K	7x	as long as short
Bluefin HYPE-PERP	−0.0546%	1h	94.998	−0.065%	$79K	$149K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0214%	1h	95.195	+0.142%	$22K	$19K	10x	as long as short
Bullet HYPE-USD	−0.0208%	1h	95.050	−0.011%	$112K	$580K	20x	as long as short
Phemex HYPEUSDT	−0.0193%	8h	95.004	−0.059%	$13.0M	$2.8M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0150%	1h	95.010	−0.053%	$695K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	95.039	−0.022%	$91K	$356K	20x	as long as short
Arcus HYPE-USDshort	−0.0112%	1h	95.025	−0.037%	$1.0M	$3.1M	10x
dYdX HYPE-USD	−0.0101%	1h	95.179	+0.126%	$131K	$93K	5x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.131	+0.075%	$3K	$331	25x	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	−0.0066%	4h	95.006	−0.057%	$53.1M	$57.1M	75x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	95.041	−0.020%	$18.8M	$35.7M	50x	as long as short
Vest HYPE-PERP	−0.0030%	1h	95.115	+0.058%	—	$88K	5x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	95.007	−0.056%	$148K	$669K	20x	as long as short
Bybit HYPEUSDT	−0.0004%	8h	95.021	−0.041%	$319.6M	$282.9M	75x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.123	+0.066%	$1.8M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	95.025	−0.037%	$19K	$272K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.062	+0.002%	$86K	—	150x	as long as short
BingX HYPE-USDT	+0.0004%	4h	95.024	−0.038%	—	$50.5M	—	as long as short
Phoenix HYPE	+0.0008%	1h	95.157	+0.102%	$203K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0016%	1h	95.060	long leg	$4.7M	$5.7M	50x
OKX HYPE-USDT-SWAP	+0.0028%	8h	94.992	−0.072%	$118.6M	$321.3M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0044%	8h	95.088	+0.029%	$340K	$38K	20x	as long as short
Bitget HYPEUSDT	+0.0048%	4h	95.018	−0.044%	$228.4M	$93.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0053%	1h	94.981	−0.083%	$7.4M	$10.2M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0066%	1h	95.115	+0.058%	$7.5M	$4.4M	50x	as long as short
SoDEX HYPE-USD	+0.0071%	1h	95.024	−0.038%	$2.1M	$1.6M	10x	as long as short
Aster HYPEUSDT	+0.0076%	4h	95.014	−0.048%	$9.0M	$36.4M	300x	as long as short
edgeX HYPEUSDC	+0.0096%	4h	95.176	+0.122%	$5.1M	$31.1M	30x	as long as short
Lighter HYPE	+0.0096%	1h	95.017	−0.045%	$16.2M	$64.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.029	−0.033%	$3.2M	$10.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	95.048	−0.013%	$266K	$1.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.030	−0.032%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.075	+0.016%	$7.3M	$55.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.170	+0.116%	$2.10B	$674.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.092	+0.034%	$10.2M	$14.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	95.023	−0.039%	$382.4M	$909.5M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.176	+0.122%	$222K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.014	−0.048%	$86.9M	$90.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.010	−0.053%	$47.4M	$18.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.987	−0.076%	$30.1M	$55.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.148	+0.093%	$7.7M	$43.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.146	+0.090%	$349K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.051	−0.009%	$691K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.076	+0.017%	$499K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.899	−0.169%	$32K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.209	+0.157%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.989	−0.075%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.091	+0.033%	$402K	$136K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.210	+0.158%	$3.2M	$6.2M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.480	+0.442%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	95.018	−0.044%	$85K	$93K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.106	+0.048%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.018	−0.044%	$17.2M	$12.2M	75x	as long as short