HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.023%

Price spread now: Extended against Coinbase International−0.021%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.021%, 7d avg −0.011%

Together, before fees+0.181%+ Points / potential airdropExtended: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, 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 7 days funding on this pair paid +0.121%, 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	93.220	0.0176	pay 0.0022% / 1h	18m 51s	$4.9M	$5.7M	50x
Short	Extended HYPE-USD	93.200	0.0104	get 0.0013% / 1h	18m 51s	$18.2M	$41.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$15.12
Price spread: −0.021% → −0.011%: −$1.05
Slippage, 4 orders: −$8.9
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$40.07
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Extended: live order book, 5 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	3.76 bp	9.5 bp −$9	15.6 bp −$156	38.5 bp −$3,847	doesn't fit
Sell Extended live order book, 5 min ago	0.05 bp	2.6 bp −$3	3.9 bp −$39	22.8 bp −$2,282	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
Aftermath Perps HYPEUSD	−0.0431%	1h	93.140	−0.086%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0336%	1h	93.216	−0.005%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.133	−0.093%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0130%	1h	93.130	−0.097%	$699K	$928K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.198	−0.024%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	93.259	+0.042%	$90K	$361K	20x	as long as short
Popdex HYPEUSDT	−0.0008%	1h	93.221	+0.001%	$58K	$1.2M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.276	+0.060%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.227	+0.007%	$23K	$331K	10x	as long as short
Aster HYPEUSDT	+0.0001%	4h	93.239	+0.020%	$8.9M	$35.9M	300x	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	93.266	+0.050%	$20K	—	150x	as long as short
Bybit HYPEUSDT	+0.0021%	8h	93.210	−0.011%	$322.9M	$286.9M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0021%	4h	93.242	+0.024%	$172K	$518K	20x	as long as short
Phoenix HYPE	+0.0034%	1h	93.293	+0.078%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0045%	1h	93.212	−0.008%	$112K	$579K	20x	as long as short
Derive HYPE-PERP	+0.0047%	1h	93.185	−0.037%	$16.3M	$7.0M	10x	as long as short
Gate HYPE_USDT	+0.0054%	4h	93.229	+0.010%	$43.9M	$58.6M	75x	as long as short
MEXC HYPE_USDT	+0.0066%	4h	93.220	0.000%	$90.2M	$82.2M	100x	as long as short
Binance HYPEUSDT	+0.0067%	4h	93.221	+0.001%	$381.8M	$895.5M	75x	as long as short
edgeX HYPEUSDC	+0.0079%	4h	93.210	−0.011%	$5.1M	$29.7M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.280	+0.064%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.259	+0.042%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.227	+0.008%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.203	−0.018%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.170	−0.054%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.216	−0.004%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.266	+0.049%	$2.03B	$669.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.208	−0.013%	$10.0M	$14.4M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.216	−0.004%	$113.8M	$314.3M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.232	+0.013%	$204K	$8K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.245	+0.027%	$47.0M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.237	+0.018%	$226.0M	$103.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.216	−0.004%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.248	+0.030%	$7.8M	$11.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.153	−0.071%	$29.0M	$50.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.258	+0.041%	$7.5M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.262	+0.045%	$415K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.227	+0.008%	$674K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.268	+0.051%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.253	+0.035%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.243	+0.025%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.210	−0.011%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.217	−0.003%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.216	−0.004%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USDshort	+0.0104%	1h	93.200	−0.021%	$18.2M	$41.9M	50x
Kalshi KXHYPEPERP	+0.0113%	8h	93.238	+0.019%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0176%	1h	93.220	long leg	$4.9M	$5.7M	50x
HTX HYPE-USDT	+0.0239%	4h	93.400	+0.193%	$1.5M	$7.7M	75x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.120	−0.107%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.241	+0.022%	$77K	$159K	15x	as long as short
BloFin HYPE-USDT	+0.0268%	4h	93.242	+0.024%	$16.8M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.247	+0.029%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.259	+0.042%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0383%	1h	93.322	+0.109%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.331	+0.119%	$20.9M	$29.0M	50x	as long as short