HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h +0.006%

Price spread now: Pacifica against Coinbase International−0.051%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.051%, 7d avg +0.045%

Together, before fees+0.147%+ Points / potential airdropPacifica: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Pacifica is 0.096% cheaper against Coinbase International than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	93.390	0.0144	pay 0.0018% / 1h	2m 54s	$4.8M	$5.6M	50x
Short	Pacifica HYPE	93.343	0.0100	get 0.0013% / 1h	2m 54s	$10.1M	$15.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.051%Rate

Funding earned: −$9.24
Price spread: −0.051% → +0.045%: −$9.56
Slippage, 4 orders: −$12.14
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$48.94
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Pacifica: live order book, 1 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, 1 min ago	4.82 bp	10.2 bp −$10	15.0 bp −$150	46.3 bp −$4,633	doesn't fit
Sell Pacifica live order book, 1 min ago	0.05 bp	4.8 bp −$5	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	−0.1880%	1h	93.444	+0.058%	$197K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0330%	1h	93.266	−0.133%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	93.271	−0.127%	$1.0M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.426	+0.039%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0045%	4h	93.313	−0.082%	$146K	$670K	20x	as long as short
Bullet HYPE-USD	−0.0010%	1h	93.320	−0.075%	$111K	$578K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0010%	1h	93.270	−0.128%	$702K	$1.2M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.328	−0.066%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.317	−0.078%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.349	−0.044%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HYPEUSDT	+0.0022%	8h	93.349	−0.044%	$12.6M	$2.7M	50x	as long as short
01 Exchange HYPEUSD	+0.0024%	1h	93.329	−0.065%	$87K	$365K	20x	as long as short
Bybit HYPEUSDT	+0.0024%	8h	93.252	−0.148%	$317.4M	$284.2M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.446	+0.060%	$209K	$1.2M	10x	as long as short
Bitget HYPEUSDT	+0.0028%	4h	93.245	−0.155%	$225.6M	$99.1M	75x	as long as short
Gate HYPE_USDT	+0.0054%	4h	93.274	−0.124%	$45.8M	$55.2M	75x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	93.290	−0.107%	$76K	$1.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.328	−0.067%	$340K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.274	−0.124%	$16.0M	$63.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.343	−0.050%	$3.1M	$11.7M	20x	as long as short
edgeX HYPEUSDC	+0.0098%	4h	93.361	−0.031%	$5.0M	$29.8M	30x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.280	−0.118%	$30K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.332	−0.063%	$6.9M	$47.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.327	−0.067%	$2.03B	$665.9M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.295	−0.101%	$8.7M	$36.4M	300x	as long as short
Pacifica HYPEshort	+0.0100%	1h	93.343	−0.051%	$10.1M	$15.3M	20x
Binance HYPEUSDT	+0.0100%	4h	93.268	−0.131%	$374.2M	$910.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.260	−0.139%	$114.5M	$306.2M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.125	−0.284%	$203K	$3K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.308	−0.088%	$91.8M	$81.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.322	−0.073%	$46.1M	$18.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.269	−0.130%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.352	−0.041%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.319	−0.076%	$28.8M	$56.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.407	+0.018%	$7.5M	$47.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.261	−0.138%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.424	+0.036%	$668K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.404	+0.015%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.356	−0.036%	$489K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.302	−0.094%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.303	−0.093%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.358	−0.034%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.320	−0.075%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.487	+0.104%	$1.4M	$6.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.271	−0.127%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.324	−0.071%	$395K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0140%	8h	93.425	+0.037%	$1.8M	$5.5M	2.3x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0144%	1h	93.390	long leg	$4.8M	$5.6M	50x
Kraken Futures PF_HYPEUSD	+0.0196%	1h	93.397	+0.007%	$20.7M	$29.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.360	−0.032%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0267%	1h	93.327	−0.068%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.340	−0.053%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.308	−0.088%	$16.8M	$11.9M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0446%	1h	93.412	+0.024%	$7.5M	$4.3M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	93.368	−0.024%	$3.2M	$6.3M	20x	as long as short