HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.018%

Price spread now: BloFin against HTX−0.165%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs+$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on HTX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.429%+$43 on $10k

Price spread, last 4 days (all we have)+0.184%+$18 · spread now −0.165%, 7d avg −0.043%

Together, before fees+0.613%+$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.122% cheaper against HTX than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of −0.043%). If the spread goes back, that is −$12 on $10k: about 41 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HYPE-USDT	92.999	0.0100	pay 0.0050% / 4h	3h 27m	$1.4M	$6.3M	75x
Short	BloFin HYPE-USDT	92.846	0.0340	get 0.0170% / 4h	3h 27m	$16.8M	$11.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against HTX. 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 HTXbpFee BloFinbpOrdersPrice spread, now −0.165%Rate

Funding earned: $50.4
Price spread: −0.165% → −0.043%: −$12.18
Slippage, 4 orders: −$8.54
Fee HTX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $5.68
Costs to cover: 0.325%
Break-even: 6.2 days

Slippage from HTX: live order book, 2 min ago; BloFin: live order book, 7 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 HTX live order book, 2 min ago	0.43 bp	9.2 bp −$9	15.3 bp −$153	50.4 bp −$5,043	doesn't fit
Sell BloFin live order book, 7 min ago	0.32 bp	6.5 bp −$7	8.1 bp −$81	16.0 bp −$1,604	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	−0.1568%	1h	92.719	−0.301%	$193K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0304%	1h	92.848	−0.163%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.823	−0.189%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.869	−0.140%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0061%	4h	92.844	−0.167%	$145K	$681K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.906	−0.100%	$127K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.860	−0.150%	$22K	$295K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.880	−0.128%	$62K	—	150x	as long as short
Bullet HYPE-USD	+0.0009%	1h	92.830	−0.182%	$112K	$577K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	92.917	−0.088%	$210K	$1.2M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps HYPE-USD.P	+0.0026%	1h	92.810	−0.203%	$699K	$1.1M	10x	as long as short
Bybit HYPEUSDT	+0.0032%	8h	92.860	−0.149%	$315.7M	$282.7M	75x	as long as short
01 Exchange HYPEUSD	+0.0040%	1h	92.873	−0.135%	$86K	$363K	20x	as long as short
Phemex HYPEUSDT	+0.0048%	8h	92.894	−0.113%	$12.5M	$2.7M	50x	as long as short
Bitget HYPEUSDT	+0.0052%	4h	92.845	−0.166%	$224.9M	$99.2M	75x	as long as short
Popdex HYPEUSDT	+0.0064%	1h	92.855	−0.155%	$70K	$1.1M	50x	as long as short
Gate HYPE_USDT	+0.0084%	4h	92.853	−0.157%	$45.1M	$54.3M	75x	as long as short
edgeX HYPEUSDC	+0.0089%	4h	92.855	−0.154%	$4.9M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	92.871	−0.138%	$16.0M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.877	−0.131%	$3.1M	$11.6M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.860	−0.149%	$34K	$1.7M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	92.880	−0.128%	$339K	$163K	20x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.850	−0.160%	$7.4M	$46.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.911	−0.095%	$2.02B	$666.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	92.856	−0.154%	$8.7M	$36.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	92.886	−0.122%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.849	−0.162%	$373.4M	$906.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.851	−0.159%	$113.9M	$304.0M	50x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.846	−0.165%	$91.4M	$81.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.843	−0.168%	$46.1M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.858	−0.152%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.891	−0.116%	$7.2M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.959	−0.043%	$28.6M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.886	−0.122%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.975	−0.026%	$341K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.843	−0.168%	$668K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.911	−0.095%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.898	−0.109%	$471K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.849	−0.161%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.843	−0.168%	$16.0M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.917	−0.088%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.855	−0.155%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDTlong	+0.0100%	4h	92.999	long leg	$1.4M	$6.3M	75x
Bulk HYPE-USD	+0.0100%	1h	92.770	−0.246%	$202K	$13K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.828	−0.184%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.843	−0.167%	$393K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.910	−0.096%	$4.7M	$5.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0161%	8h	92.931	−0.073%	$1.8M	$5.4M	2.3x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.919	−0.086%	$20.6M	$30.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	92.790	−0.225%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0265%	1h	92.857	−0.153%	$79K	$131K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0321%	1h	92.944	−0.059%	$7.5M	$4.5M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.876	−0.132%	$1.4M	—	100x	as long as short
BloFin HYPE-USDTshort	+0.0340%	4h	92.846	−0.165%	$16.8M	$11.6M	75x
RISEx HYPE/USDC	+0.0598%	1h	92.919	−0.086%	$3.2M	$6.4M	20x	as long as short