HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: Bluefin against Extended+0.028%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Extended Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.028%, 7d avg +0.035%

Together, before fees−0.214%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HYPE-USD	92.676	0.0104	pay 0.0013% / 1h	22m 08s	$18.0M	$43.6M	50x
Short	Bluefin HYPE-PERP	92.702	0.0100	get 0.0013% / 1h	22m 08s	$78K	$166K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against Extended. 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 ExtendedbpFee BluefinbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$0.84
Price spread: +0.028% → +0.035%: −$0.67
Slippage, 4 orders: −$29.27
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$42.78
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Bluefin: live order book, 32 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 Extended live order book, 2 min ago	0.54 bp	3.0 bp −$3	3.6 bp −$36	22.5 bp −$2,253	doesn't fit
Sell Bluefin live order book, 32 min ago	5.54 bp	16.1 bp −$16	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	−0.1696%	1h	92.615	−0.066%	$193K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0303%	1h	92.786	+0.119%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.606	−0.076%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.647	−0.031%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0060%	4h	92.697	+0.023%	$145K	$681K	20x	as long as short
Bullet HYPE-USD	−0.0003%	1h	92.702	+0.028%	$112K	$577K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.661	−0.016%	$127K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.712	+0.039%	$22K	$293K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.735	+0.063%	$62K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0003%	1h	92.570	−0.114%	$698K	$1.1M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	+0.0024%	1h	92.652	−0.026%	$86K	$364K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	92.921	+0.264%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0032%	8h	92.700	+0.026%	$315.3M	$282.9M	75x	as long as short
Popdex HYPEUSDT	+0.0040%	1h	92.644	−0.035%	$70K	$1.1M	50x	as long as short
Bitget HYPEUSDT	+0.0046%	4h	92.655	−0.023%	$224.3M	$98.9M	75x	as long as short
Phemex HYPEUSDT	+0.0060%	8h	92.700	+0.026%	$12.5M	$2.7M	50x	as long as short
Gate HYPE_USDT	+0.0060%	4h	92.715	+0.042%	$45.1M	$54.4M	75x	as long as short
edgeX HYPEUSDC	+0.0092%	4h	92.837	+0.173%	$4.9M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	92.717	+0.044%	$16.0M	$62.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.727	+0.055%	$3.1M	$11.6M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	92.674	−0.002%	$338K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.630	−0.050%	$34K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.626	−0.054%	$7.4M	$46.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.734	+0.063%	$2.02B	$665.4M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	92.712	+0.039%	$8.7M	$36.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	92.669	−0.008%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.704	+0.030%	$372.8M	$905.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.700	+0.026%	$113.8M	$303.1M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.709	+0.035%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.701	+0.027%	$91.1M	$81.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.700	+0.026%	$46.1M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.670	−0.006%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.693	+0.018%	$7.2M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.768	+0.099%	$28.5M	$57.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.808	+0.142%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.846	+0.183%	$341K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.765	+0.096%	$667K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.736	+0.065%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.734	+0.063%	$481K	$2.7M	20x	as long as short
Bluefin HYPE-PERPshort	+0.0100%	1h	92.702	+0.028%	$78K	$166K	20x
Derive HYPE-PERP	+0.0100%	1h	92.690	+0.016%	$16.0M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.670	−0.006%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.702	+0.028%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.812	+0.147%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USDlong	+0.0104%	1h	92.676	long leg	$18.0M	$43.6M	50x
Aevo HYPE-PERP	+0.0104%	1h	92.691	+0.016%	$392K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0132%	8h	92.718	+0.045%	$1.8M	$5.4M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.770	+0.101%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.768	+0.099%	$20.6M	$29.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	92.640	−0.039%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0266%	1h	92.713	+0.040%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.738	+0.067%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.682	+0.006%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0343%	1h	92.797	+0.131%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.698	+0.024%	$3.1M	$6.4M	20x	as long as short