HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.90 per $10,000 · paid last 24h +0.025%

Price spread now: KuCoin against Gate+0.003%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$420.415% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days+0.012%+$1 · spread now +0.003%, 7d avg +0.016%

Together, before fees+0.087%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HYPE_USDT	93.193	−0.0080	get 0.0040% / 4h	2h 41m	$44.1M	$54.1M	75x
Short	KuCoin HYPEUSDTM	93.196	0.0100	get 0.0050% / 4h	2h 41m	$45.9M	$18.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.003%Rate

Funding earned: $37.8
Price spread: +0.003% → +0.016%: −$1.23
Slippage, 4 orders: −$14.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4.97
Costs to cover: 0.415%
Break-even: 7.9 days

Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 3 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, 2 min ago	0.05 bp	12.3 bp −$12	16.6 bp −$166	31.0 bp −$3,104	55.5 bp −$27.7K
Sell KuCoin live order book, 3 min ago	0.38 bp	9.8 bp −$10	18.0 bp −$180	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	−0.0968%	1h	93.103	−0.097%	$196K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.079	−0.122%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0163%	1h	93.316	+0.132%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0138%	1h	93.140	−0.057%	$696K	$977K	10x	as long as short
Backpack HYPE_USDC_PERP	−0.0100%	1h	93.147	−0.049%	$7.8M	$10.4M	20x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	93.209	+0.017%	$84K	$359K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.185	−0.009%	$3K	$331	25x	as long as short
Gate HYPE_USDTlong	−0.0080%	4h	93.193	long leg	$44.1M	$54.1M	75x
Orderly PERP_HYPE_USDC	−0.0056%	4h	93.107	−0.092%	$155K	$652K	20x	as long as short
Aster HYPEUSDT	−0.0038%	4h	93.188	−0.005%	$8.8M	$36.2M	300x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin HYPE-PERP	−0.0023%	1h	93.083	−0.118%	$79K	$173K	20x	as long as short
Phemex HYPEUSDT	−0.0023%	8h	93.218	+0.027%	$12.6M	$2.7M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.166	−0.029%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.192	−0.002%	$22K	$333K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.129	−0.069%	$25K	—	150x	as long as short
Bybit HYPEUSDT	+0.0005%	8h	93.170	−0.025%	$318.4M	$283.6M	75x	as long as short
BingX HYPE-USDT	+0.0006%	4h	93.185	−0.009%	—	$54.2M	—	as long as short
Bullet HYPE-USD	+0.0038%	1h	93.176	−0.018%	$111K	$579K	20x	as long as short
Binance HYPEUSDT	+0.0039%	4h	93.196	+0.003%	$379.2M	$905.9M	75x	as long as short
MEXC HYPE_USDT	+0.0042%	4h	93.205	+0.013%	$87.9M	$82.5M	100x	as long as short
edgeX HYPEUSDC	+0.0056%	4h	93.325	+0.141%	$5.1M	$29.8M	30x	as long as short
Phoenix HYPE	+0.0060%	1h	93.266	+0.078%	$212K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0064%	8h	93.181	−0.013%	$114.8M	$314.9M	50x	as long as short
Derive HYPE-PERP	+0.0065%	1h	93.091	−0.109%	$16.2M	$7.6M	10x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	93.094	−0.106%	$396K	$177K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.219	+0.027%	$339K	$165K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.167	−0.028%	$16.4M	$62.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.166	−0.029%	$3.1M	$11.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.205	+0.013%	$66K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.250	+0.061%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.199	+0.007%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.277	+0.090%	$2.04B	$676.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.210	+0.018%	$10.0M	$14.7M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.404	+0.226%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTMshort	+0.0100%	4h	93.196	+0.003%	$45.9M	$18.4M	75x
Bitget HYPEUSDT	+0.0100%	4h	93.202	+0.010%	$225.5M	$100.8M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.241	+0.051%	$30.9M	$55.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.215	+0.024%	$7.5M	$47.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.355	+0.174%	$337K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.389	+0.210%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.234	+0.043%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.216	+0.025%	$466K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.178	−0.016%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.155	−0.041%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.183	−0.011%	$18.4M	$44.4M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.240	+0.050%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.330	+0.147%	$30K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0175%	4h	93.407	+0.230%	$17.0M	$12.1M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.242	+0.052%	$2.7M	$6.7M	20x	as long as short
HTX HYPE-USDT	+0.0241%	4h	93.300	+0.115%	$1.4M	$6.1M	75x	as long as short
Reya HYPERUSDPERP	+0.0254%	1h	93.186	−0.007%	$79K	$142K	15x	as long as short
Kalshi KXHYPEPERP	+0.0260%	8h	93.223	+0.032%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0158%	1h	93.137	−0.060%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0437%	1h	93.225	+0.034%	$7.4M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0684%	1h	93.248	+0.059%	$20.8M	$30.0M	50x	as long as short