HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0338%/8h= −37.0% APRnext payment −$1.69 per $10,000 · paid last 24h −0.040%

Price spread now: SunX against HTX+0.047%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$750.750% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now +0.047%, 7d avg +0.019%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.028% dearer against HTX than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of +0.019%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.040% in total) that is about 4.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.69 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HYPE-USDT	94.300	0.0438	pay 0.0219% / 4h	3h 32m	$1.5M	$6.3M	75x
Short	SunX HYPE-USDT	94.344	0.0100	get 0.0050% / 4h	3h 32m	$32K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$71.01
Price spread: +0.047% → +0.019%: $2.76
Slippage, 4 orders: −$54.97
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$143.22
Costs to cover: 0.750%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; SunX: live order book, 12 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, 1 min ago	1.06 bp	9.5 bp −$10	11.5 bp −$115	39.1 bp −$3,913	doesn't fit
Sell SunX live order book, 12 min ago	17.89 bp	34.0 bp −$34	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	−0.1448%	1h	94.283	−0.018%	$200K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	94.156	−0.153%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0242%	1h	94.220	−0.085%	$22K	$23K	10x	as long as short
Phemex HYPEUSDT	−0.0236%	8h	94.135	−0.175%	$12.8M	$2.6M	50x	as long as short
dYdX HYPE-USD	−0.0171%	1h	94.245	−0.058%	$129K	$31K	5x	as long as short
Ondo Perps HYPE-USD.P	−0.0152%	1h	94.210	−0.095%	$710K	$947K	10x	as long as short
Bullet HYPE-USD	−0.0091%	1h	94.087	−0.226%	$112K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.217	−0.088%	$86K	$361K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.258	−0.045%	$3K	$331	25x	as long as short
Bybit HYPEUSDT	−0.0019%	8h	94.050	−0.265%	$323.1M	$280.8M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0014%	4h	94.093	−0.220%	$161K	$638K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.151	−0.158%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.122	−0.189%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0025%	4h	94.110	−0.202%	$8.9M	$36.1M	300x	as long as short
Gate HYPE_USDT	+0.0026%	4h	94.083	−0.230%	$44.5M	$59.7M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	94.342	+0.045%	$219K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0050%	4h	94.082	−0.231%	$89.4M	$82.5M	100x	as long as short
Binance HYPEUSDT	+0.0051%	4h	94.054	−0.261%	$383.6M	$893.6M	75x	as long as short
Derive HYPE-PERP	+0.0056%	1h	94.053	−0.262%	$16.4M	$7.3M	10x	as long as short
edgeX HYPEUSDC	+0.0061%	4h	94.240	−0.064%	$5.1M	$29.9M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0080%	8h	94.051	−0.264%	$116.1M	$319.0M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.128	−0.183%	$19.0M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.110	−0.201%	$3.0M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.182	−0.125%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.084	−0.229%	$400K	$188K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.292	−0.008%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.190	−0.117%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.208	−0.097%	$6.7M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.192	−0.115%	$2.05B	$676.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.278	−0.023%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.112	−0.199%	$46.6M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.061	−0.253%	$228.1M	$100.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.077	−0.236%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.090	−0.223%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.220	−0.084%	$31.8M	$54.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.271	−0.031%	$7.6M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.252	−0.051%	$341K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.262	−0.040%	$682K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.245	−0.059%	—	$248K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.204	−0.102%	$481K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.075	−0.239%	$76K	$171K	20x	as long as short
SunX HYPE-USDTshort	+0.0100%	4h	94.344	+0.047%	$32K	$1.6M	20x
SoDEX HYPE-USD	+0.0100%	1h	94.089	−0.224%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.120	−0.191%	$205K	$4K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.094	−0.218%	$18.8M	$44.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.120	−0.191%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.201%	$31K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0206%	4h	94.147	−0.162%	$17.0M	$12.2M	75x	as long as short
Kalshi KXHYPEPERP	+0.0213%	8h	94.209	−0.097%	$1.9M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.237	−0.066%	$2.8M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.130	−0.180%	$79K	$145K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0153%	1h	94.125	−0.185%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0345%	1h	94.182	−0.125%	$7.5M	$4.7M	50x	as long as short
HTX HYPE-USDTlong	+0.0438%	4h	94.300	long leg	$1.5M	$6.3M	75x
Kraken Futures PF_HYPEUSD	+0.0670%	1h	94.181	−0.126%	$21.0M	$29.7M	50x	as long as short