HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0289%/8h= −31.6% APRnext payment −$0.36 per $10,000 · paid last 24h −0.048%

Price spread now: Ondo Perps against Extended−0.098%7-day average +0.034% · you buy dearer than you sell

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

Long on Extended Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 7 days−0.512%−$51 · spread now −0.098%, 7d avg +0.034%

Together, before fees−0.683%+ Points / potential airdropExtended: Active · Ondo Perps: Active · farm board−$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Ondo Perps is 0.132% cheaper against Extended than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.171% in total (about -8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HYPE-USD	95.133	0.0104	pay 0.0013% / 1h	52m 05s	$18.4M	$39.7M	50x
Short	Ondo Perps HYPE-USD.P	95.040	−0.0185	pay 0.0023% / 1h	52m 05s	$690K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Extended. 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 ExtendedbpFee Ondo PerpsbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$60.65
Price spread: −0.098% → +0.034%: −$13.21
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$83.86
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 5 min ago; Ondo Perps: no order-book sample. 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 Extended live order book, 5 min ago	0.05 bp	2.6 bp −$3	5.6 bp −$56	25.2 bp −$2,518	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPE on 54 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
Hibachi HYPE/USDT-P	−0.1168%	1h	95.197	+0.067%	$213K	$261K	7x	as long as short
Phemex HYPEUSDT	−0.0274%	8h	95.208	+0.079%	$13.0M	$2.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.177	+0.046%	$18.5M	$35.2M	50x	as long as short
Ondo Perps HYPE-USD.Pshort	−0.0185%	1h	95.040	−0.098%	$690K	$1.3M	10x
Arcus HYPE-USD	−0.0130%	1h	95.124	−0.010%	$1.1M	$2.4M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0125%	1h	95.236	+0.108%	$22K	$17K	10x	as long as short
Lighter HYPE	−0.0104%	1h	95.146	+0.013%	$16.3M	$57.5M	20x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	95.140	+0.007%	$92K	$337K	20x	as long as short
Bullet HYPE-USD	−0.0087%	1h	95.180	+0.049%	$114K	$581K	20x	as long as short
Gate HYPE_USDT	−0.0082%	4h	95.147	+0.015%	$54.7M	$53.1M	75x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff HYPE-PERP	−0.0080%	1h	95.191	+0.061%	$3K	$331	25x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.130	−0.003%	$4.7M	$5.6M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0043%	4h	95.115	−0.019%	$148K	$643K	20x	as long as short
Aster HYPEUSDT	−0.0036%	4h	95.153	+0.021%	$9.0M	$32.9M	300x	as long as short
OKX HYPE-USDT-SWAP	−0.0012%	8h	95.126	−0.007%	$119.2M	$302.9M	50x	as long as short
Phoenix HYPE	−0.0008%	1h	95.326	+0.203%	$201K	$1.1M	10x	as long as short
Popdex HYPEUSDT	−0.0008%	1h	95.143	+0.010%	$274K	$1.0M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	95.169	+0.037%	$129K	$94K	5x	as long as short
Perpl HYPE	0.0000%	43m	95.139	+0.007%	$24K	$251K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.192	+0.061%	$100K	—	150x	as long as short
Bitget HYPEUSDT	+0.0018%	4h	95.155	+0.023%	$228.7M	$86.9M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0023%	1h	95.251	+0.124%	$7.5M	$4.3M	50x	as long as short
SoDEX HYPE-USD	+0.0025%	1h	95.155	+0.023%	$2.1M	$373K	10x	as long as short
Bybit HYPEUSDT	+0.0026%	8h	95.150	+0.018%	$320.5M	$265.9M	75x	as long as short
Bulk HYPE-USD	+0.0074%	1h	95.269	+0.143%	$232K	$12K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0075%	8h	95.119	−0.014%	$339K	$35K	20x	as long as short
Bluefin HYPE-PERP	+0.0079%	1h	95.172	+0.041%	$79K	$135K	20x	as long as short
Binance HYPEUSDT	+0.0086%	4h	95.151	+0.018%	$382.5M	$853.1M	75x	as long as short
MEXC HYPE_USDT	+0.0092%	4h	95.148	+0.016%	$90.3M	$83.1M	100x	as long as short
edgeX HYPEUSDC	+0.0092%	4h	95.253	+0.126%	$5.1M	$29.1M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.177	+0.046%	$3.3M	$10.0M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.120	−0.014%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.095	−0.040%	$7.4M	$51.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.273	+0.147%	$2.11B	$645.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.168	+0.037%	$10.3M	$13.3M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.158	+0.026%	$48.1M	$17.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	95.159	+0.027%	—	$49.3M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.206	+0.077%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.251	+0.124%	$30.0M	$53.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.290	+0.165%	$7.7M	$39.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.279	+0.153%	$347K	$882K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.216	+0.087%	$693K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	95.224	+0.095%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.187	+0.057%	$504K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.245	+0.118%	$33K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.284	+0.159%	$1.4M	$5.4M	75x	as long as short
Extended HYPE-USDlong	+0.0104%	1h	95.133	long leg	$18.4M	$39.7M	50x
Aevo HYPE-PERP	+0.0104%	1h	95.173	+0.042%	$402K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0124%	8h	95.233	+0.105%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.181	+0.051%	$3.2M	$5.5M	20x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	95.128	−0.005%	$85K	$96K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.199	+0.069%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0336%	4h	95.165	+0.034%	$17.3M	$11.5M	75x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.500	+0.386%	$31K	$334K	12x	as long as short