HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h −0.002%

Price spread now: Variational Omni against Coinbase International+0.020%7-day average −0.010% · you sell dearer than you buy

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.142%+$14 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.020%, 7d avg −0.010%

Together, before fees+0.023%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Variational Omni is 0.030% dearer against Coinbase International than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	95.350	−0.0064	get 0.0008% / 1h	9m 54s	$4.7M	$5.4M	50x
Short	Variational Omni HYPE	95.369	0.0100	get 0.0100% / 8h	4h 09m	$30.4M	$51.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.020%Rate

Funding earned: $34.44
Price spread: +0.020% → −0.010%: $2.98
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $27.42
Costs to cover: 0.100%
Break-even: 1.4 days

Slippage unknown: Coinbase International: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 Coinbase International live order book, 2 min ago	2.62 bp	8.1 bp −$8	12.8 bp −$128	33.3 bp −$3,328	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	0.44 bp	doesn't fit	5.6 bp −$56	20.7 bp −$2,067	doesn't fit

HYPE on 55 exchanges

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
Kraken Futures PF_HYPEUSD	−0.0280%	1h	95.343	−0.007%	$18.2M	$31.9M	50x	as long as short
Phemex HYPEUSDT	−0.0248%	8h	95.364	+0.015%	$13.0M	$2.2M	50x	as long as short
Bluefin HYPE-PERP	−0.0190%	1h	95.293	−0.060%	$79K	$131K	20x	as long as short
Aster HYPEUSDT	−0.0106%	4h	95.368	+0.019%	$9.0M	$34.5M	300x	as long as short
Orderly PERP_HYPE_USDC	−0.0081%	4h	95.318	−0.034%	$146K	$642K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0080%	1h	95.434	+0.088%	$22K	$17K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.137	−0.223%	$3K	$421	25x	as long as short
Coinbase International HYPE-PERP-INTXlong	−0.0064%	1h	95.350	long leg	$4.7M	$5.4M	50x
Ondo Perps HYPE-USD.P	−0.0054%	1h	95.310	−0.042%	$678K	$1.2M	10x	as long as short
Gate HYPE_USDT	−0.0042%	4h	95.400	+0.052%	$57.4M	$54.1M	75x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX HYPE-USDT-SWAP	−0.0041%	8h	95.400	+0.052%	$119.2M	$304.6M	50x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	95.345	−0.005%	$101K	$355K	20x	as long as short
Phoenix HYPE	−0.0017%	1h	95.703	+0.370%	$197K	$1.1M	10x	as long as short
Bitget HYPEUSDT	−0.0016%	4h	95.391	+0.043%	$229.9M	$86.1M	75x	as long as short
Lighter HYPE	0.0000%	1h	95.327	−0.024%	$16.7M	$56.2M	20x	as long as short
Perpl HYPE	0.0000%	43m	95.370	+0.021%	$24K	$246K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	95.355	+0.005%	$66K	—	150x	as long as short
Backpack HYPE_USDC_PERP	+0.0019%	1h	95.296	−0.057%	$6.8M	$12.3M	20x	as long as short
edgeX HYPEUSDC	+0.0034%	4h	95.519	+0.177%	$5.1M	$28.2M	30x	as long as short
Binance HYPEUSDT	+0.0041%	4h	95.405	+0.058%	$388.1M	$844.5M	75x	as long as short
MEXC HYPE_USDT	+0.0046%	4h	95.394	+0.046%	$88.8M	$84.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0046%	4h	95.388	+0.040%	$47.8M	$17.7M	75x	as long as short
BingX HYPE-USDT	+0.0046%	4h	95.393	+0.045%	—	$50.7M	—	as long as short
Bybit HYPEUSDT	+0.0050%	8h	95.403	+0.056%	$323.7M	$262.9M	75x	as long as short
Derive HYPE-PERP	+0.0063%	1h	95.280	−0.073%	$16.4M	$5.7M	10x	as long as short
Bullet HYPE-USD	+0.0082%	1h	95.354	+0.004%	$113K	$582K	20x	as long as short
dYdX HYPE-USD	+0.0084%	1h	95.399	+0.052%	$128K	$96K	5x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.343	−0.007%	$3.0M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	95.347	−0.003%	$246K	$1.1M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	95.325	−0.026%	$403K	$115K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	95.391	+0.043%	$340K	$30K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.310	−0.042%	$17K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.318	−0.033%	$5.3M	$50.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.424	+0.078%	$2.11B	$631.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.422	+0.076%	$10.3M	$12.5M	20x	as long as short
Arcus HYPE-USD	+0.0100%	1h	95.413	+0.066%	$1.1M	$2.7M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.627	+0.290%	$230K	$20K	10x	as long as short
Variational Omni HYPEshort	+0.0100%	8h	95.369	+0.020%	$30.4M	$51.9M	—
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.541	+0.200%	$7.7M	$41.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.611	+0.274%	$335K	$922K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.375	+0.026%	$694K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	95.429	+0.083%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.351	+0.001%	$484K	$2.3M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.409	+0.062%	$33K	$1.3M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.334	−0.017%	$2.1M	$341K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.533	+0.192%	$1.4M	$5.1M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.361	+0.012%	$18.2M	$35.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0136%	8h	95.427	+0.081%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0138%	1h	95.372	+0.023%	$3.2M	$5.1M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0148%	1h	95.416	+0.069%	$7.6M	$4.3M	50x	as long as short
BloFin HYPE-USDT	+0.0191%	4h	95.400	+0.052%	$17.6M	$11.5M	75x	as long as short
Reya HYPERUSDPERP	+0.0267%	1h	95.306	−0.046%	$83K	$92K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0327% / S −0.0152%	1h	95.357	+0.007%	$1.4M	—	100x	as long as short
Hibachi HYPE/USDT-P	+0.0336%	1h	95.316	−0.036%	$206K	$268K	7x	as long as short
Injective HYPE/USDC PERP	+0.1234%	1h	95.170	−0.189%	$31K	$334K	12x	as long as short