HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.062%

Price spread now: HTX against Gate+0.200%50s7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.431% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 4 days (all we have)−0.276%−$28 · spread now +0.200%, 7d avg +0.069%

Together, before fees−0.148%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.130% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.069%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HYPE_USDT	92.715	0.0060	pay 0.0030% / 4h	3h 22m	$45.1M	$54.4M	75x
Short	HTX HYPE-USDT	92.900	0.0100	get 0.0050% / 4h	3h 22m	$1.4M	$6.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now +0.200%Rate

Funding earned: $8.4
Price spread: +0.200% → +0.069%: $13.02
Slippage, 4 orders: −$16.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$21.72
Costs to cover: 0.431%
Break-even: 25.1 days

Slippage from Gate: live order book, 1 min ago; HTX: live order book, 2 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 Gate live order book, 1 min ago	0.70 bp	11.5 bp −$11	17.5 bp −$175	32.7 bp −$3,275	58.3 bp −$29.2K
Sell HTX live order book, 2 min ago	0.59 bp	12.6 bp −$13	18.5 bp −$185	59.1 bp −$5,910	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	−0.108%	$193K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0303%	1h	92.786	+0.077%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.606	−0.118%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.647	−0.073%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0060%	4h	92.697	−0.019%	$145K	$681K	20x	as long as short
Bullet HYPE-USD	−0.0003%	1h	92.702	−0.014%	$112K	$577K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.661	−0.058%	$127K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.712	−0.003%	$22K	$293K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.735	+0.021%	$62K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0003%	1h	92.570	−0.156%	$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	−0.068%	$86K	$364K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	92.921	+0.222%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0032%	8h	92.710	−0.005%	$315.3M	$282.9M	75x	as long as short
Popdex HYPEUSDT	+0.0040%	1h	92.644	−0.077%	$70K	$1.1M	50x	as long as short
Bitget HYPEUSDT	+0.0046%	4h	92.705	−0.011%	$224.5M	$98.9M	75x	as long as short
Phemex HYPEUSDT	+0.0055%	8h	92.716	+0.001%	$12.5M	$2.7M	50x	as long as short
Gate HYPE_USDTlong	+0.0060%	4h	92.715	long leg	$45.1M	$54.4M	75x
edgeX HYPEUSDC	+0.0092%	4h	92.837	+0.131%	$4.9M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	92.653	−0.067%	$16.0M	$62.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.664	−0.055%	$3.1M	$11.6M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	92.674	−0.045%	$338K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.630	−0.092%	$34K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.626	−0.097%	$7.4M	$46.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.734	+0.020%	$2.02B	$665.4M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	92.718	+0.003%	$8.7M	$36.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	92.669	−0.050%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.711	−0.004%	$372.8M	$905.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.706	−0.010%	$113.8M	$303.1M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.709	−0.007%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.715	0.000%	$91.1M	$81.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.713	−0.002%	$46.0M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.706	−0.010%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.716	+0.001%	$7.2M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.768	+0.057%	$28.5M	$57.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.808	+0.100%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.846	+0.141%	$341K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.765	+0.054%	$667K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.736	+0.023%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.734	+0.020%	$481K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.702	−0.014%	$78K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.703	−0.012%	$16.0M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.740	+0.027%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.706	−0.010%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDTshort	+0.0100%	4h	92.900	+0.200%	$1.4M	$6.3M	75x
Extended HYPE-USD	+0.0104%	1h	92.608	−0.115%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.691	−0.026%	$392K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0132%	8h	92.786	+0.077%	$1.8M	$5.4M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.730	+0.016%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.773	+0.063%	$20.6M	$30.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	92.640	−0.081%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0266%	1h	92.713	−0.002%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.738	+0.025%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0332%	1h	92.799	+0.091%	$7.5M	$4.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.682	−0.036%	$16.7M	$11.6M	75x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.698	−0.018%	$3.1M	$6.4M	20x	as long as short