HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.035%

Price spread now: Extended against Hyperliquid−0.143%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days+0.155%+$16 · spread now −0.143%, 7d avg −0.040%

Together, before fees+0.105%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.102% cheaper against Hyperliquid than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid HYPE	94.117	0.0100	pay 0.0013% / 1h	18m 35s	$2.06B	$672.3M	10x
Short	Extended HYPE-USD	93.983	0.0104	get 0.0013% / 1h	18m 35s	$18.2M	$43.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. 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 HyperliquidbpFee ExtendedbpOrdersPrice spread, now −0.143%Rate

Funding earned: $0.84
Price spread: −0.143% → −0.040%: −$10.25
Slippage, 4 orders: −$2.21
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$25.62
Costs to cover: 0.162%
Break-even: 220.5 days

Slippage from Hyperliquid: live order book, 6 min ago; Extended: live order book, 6 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 Hyperliquid live order book, 6 min ago	0.11 bp	5.6 bp −$6	6.7 bp −$67	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	0.05 bp	2.6 bp −$3	3.4 bp −$34	20.3 bp −$2,030	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	−0.1376%	1h	93.862	−0.271%	$199K	$239K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0422%	1h	93.521	−0.633%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.007	−0.117%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0041%	1h	93.921	−0.209%	$112K	$580K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0018%	4h	93.905	−0.225%	$146K	$672K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.993	−0.132%	$129K	$29K	5x	as long as short
01 Exchange HYPEUSD	0.0000%	1h	94.049	−0.072%	$88K	$365K	20x	as long as short
Perpl HYPE	0.0000%	43m	93.951	−0.176%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.956	−0.172%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.989	−0.136%	$1.0M	$3.9M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0016%	4h	94.007	−0.117%	$226.9M	$99.0M	75x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	94.010	−0.114%	$319.0M	$283.5M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.624	−0.524%	$208K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0031%	8h	93.952	−0.175%	$12.8M	$2.8M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0049%	1h	93.930	−0.199%	$704K	$1.2M	10x	as long as short
edgeX HYPEUSDC	+0.0094%	4h	93.626	−0.522%	$5.0M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	94.061	−0.059%	$342K	$158K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.052	−0.069%	$16.3M	$63.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.050	−0.071%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.023	−0.100%	$71K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.020	−0.103%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.910	−0.219%	$7.8M	$48.5M	10x	as long as short
Hyperliquid HYPElong	+0.0100%	1h	94.117	long leg	$2.06B	$672.3M	10x
Aster HYPEUSDT	+0.0100%	4h	94.029	−0.093%	$8.8M	$36.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.058	−0.063%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.029	−0.094%	$377.5M	$917.3M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.040	−0.082%	$116.0M	$314.2M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.358	−0.806%	$216K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.023	−0.100%	$47.4M	$54.6M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.018	−0.105%	$90.5M	$81.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.029	−0.094%	$46.5M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.018	−0.105%	—	$53.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.021	−0.102%	$7.2M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.699	−0.445%	$28.6M	$56.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.275	−0.895%	$7.5M	$47.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.227	−0.946%	$342K	$997K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.924	−0.205%	$672K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.976	−0.150%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.953	−0.174%	$482K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.959	−0.168%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.933	−0.196%	$16.2M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.003	−0.121%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.944	−0.184%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.100	−0.018%	$1.4M	$6.5M	75x	as long as short
Extended HYPE-USDshort	+0.0104%	1h	93.983	−0.143%	$18.2M	$43.2M	50x
Aevo HYPE-PERP	+0.0104%	1h	93.948	−0.180%	$397K	$158K	20x	as long as short
Kalshi KXHYPEPERP	+0.0119%	8h	93.986	−0.139%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	94.080	−0.039%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.950	−0.177%	$4.6M	$5.8M	50x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	93.934	−0.195%	$80K	$127K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0293%	1h	94.028	−0.095%	$7.5M	$4.1M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.946	−0.181%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0339%	1h	94.012	−0.111%	$21.0M	$29.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.930	−0.199%	$16.9M	$12.0M	75x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	94.085	−0.034%	$3.2M	$6.3M	20x	as long as short