HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0252%/8h= −27.5% APRnext payment −$0.31 per $10,000 · paid last 24h +0.019%

Price spread now: Bullet against Coinbase International−0.166%7-day average +0.042% · 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−$57as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Coinbase International Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.129%+$13 on $10k

Price spread, last 3 days (all we have)+0.259%+$26 · spread now −0.166%, 7d avg +0.042%

Together, before fees+0.388%+$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bullet is 0.208% cheaper against Coinbase International than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.042%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.129%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	93.360	0.0208	pay 0.0026% / 1h	4m 05s	$4.9M	$5.7M	50x
Short	Bullet HYPE-USD	93.205	−0.0044	pay 0.0005% / 1h	4m 05s	$111K	$580K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.166%Rate

Funding earned: −$52.84
Price spread: −0.166% → +0.042%: −$20.79
Slippage, 4 orders: −$18.15
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$109.77
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Bullet: live order book, 20 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, 5 min ago	3.75 bp	9.2 bp −$9	13.5 bp −$135	34.8 bp −$3,480	doesn't fit
Sell Bullet live order book, 20 min ago	0.48 bp	9.9 bp −$10	14.5 bp −$145	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	−0.0824%	1h	93.268	−0.099%	$197K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0259%	1h	93.324	−0.039%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0229%	1h	93.210	−0.161%	$700K	$933K	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	93.223	−0.147%	$90K	$360K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.264	−0.103%	$3K	$331	25x	as long as short
Bullet HYPE-USDshort	−0.0044%	1h	93.205	−0.166%	$111K	$580K	20x
Derive HYPE-PERP	−0.0035%	1h	93.178	−0.194%	$16.3M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.280	−0.086%	$127K	$32K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.376	+0.017%	$1.9M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.250	−0.118%	$23K	$334K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.268	−0.099%	$20K	—	150x	as long as short
Aster HYPEUSDT	+0.0010%	4h	93.216	−0.155%	$8.9M	$35.7M	300x	as long as short
Gate HYPE_USDT	+0.0028%	4h	93.216	−0.154%	$43.9M	$57.9M	75x	as long as short
Bybit HYPEUSDT	+0.0029%	8h	93.202	−0.169%	$324.6M	$287.1M	75x	as long as short
Popdex HYPEUSDT	+0.0032%	1h	93.232	−0.137%	$56K	$1.2M	50x	as long as short
Orderly PERP_HYPE_USDC	+0.0052%	4h	93.255	−0.112%	$167K	$540K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.279	−0.087%	$215K	$1.2M	10x	as long as short
Vest HYPE-PERP	+0.0080%	1h	93.265	−0.102%	—	$454K	5x	as long as short
SoDEX HYPE-USD	+0.0084%	1h	93.220	−0.150%	$2.0M	$2.0M	10x	as long as short
Bluefin HYPE-PERP	+0.0096%	1h	93.226	−0.144%	$76K	$168K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.266	−0.101%	$18.6M	$60.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.251	−0.117%	$3.1M	$12.4M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.289	−0.076%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.250	−0.118%	$36K	$1.6M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.284	−0.081%	$674K	$2.5M	20x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.208	−0.162%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.298	−0.066%	$2.03B	$671.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.268	−0.099%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.223	−0.147%	$384.7M	$889.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.208	−0.163%	$114.6M	$314.4M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.208	−0.163%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.285	−0.080%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.220	−0.150%	$92.9M	$82.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.235	−0.134%	$46.1M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.235	−0.134%	$226.5M	$102.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.206	−0.165%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.259	−0.108%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.211	−0.160%	$29.0M	$50.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.304	−0.060%	$7.5M	$45.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.323	−0.040%	$405K	$1.0M	50x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.262	−0.105%	$492K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.307	−0.057%	$32K	$1.6M	20x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.242	−0.126%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.209	−0.161%	$18.4M	$41.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.204	−0.167%	$396K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0113%	4h	93.268	−0.098%	$5.1M	$29.4M	30x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0208%	1h	93.360	long leg	$4.9M	$5.7M	50x
Reya HYPERUSDPERP	+0.0246%	1h	93.208	−0.162%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.910	+0.589%	$31K	$291K	12x	as long as short
HTX HYPE-USDT	+0.0295%	4h	93.468	+0.116%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.266	−0.101%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.244	−0.124%	$17.1M	$12.4M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0361%	1h	93.340	−0.021%	$7.4M	$4.6M	50x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.289	−0.076%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0574%	1h	93.393	+0.036%	$19.5M	$26.7M	50x	as long as short