HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0142%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.028%

Price spread now: Injective against Hyperliquid−0.128%7-day average +0.107% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+2.138%+$214 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.128%, 7d avg +0.107%

Together, before fees+2.117%+ Points / potential airdropHyperliquid: Season 2 · farm board+$212 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.235% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of +0.107%). If the spread goes back, that is −$23 on $10k: about 5.5 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+2.138% in total) that is about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid HYPE	93.139	0.0100	pay 0.0013% / 1h	9m 17s	$2.03B	$664.2M	10x
Short	Injective HYPE/USDC PERP	93.020	0.0242	get 0.0030% / 1h	9m 17s	$30K	$339K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.128%Rate

Funding earned: $29.87
Price spread: −0.128% → +0.107%: −$23.48
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$2.63
Costs to cover: 0.090%
Break-even: 7.6 days

Slippage unknown: Hyperliquid: live order book, 5 min ago; Injective: live order book, 45 min ago. Net counts fees only.

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, 5 min ago	0.16 bp	5.1 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 45 min ago	12.37 bp	3737.0 bp −$3,737	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	−0.1816%	1h	92.966	−0.186%	$194K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0320%	1h	93.069	−0.076%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	93.084	−0.060%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.071	−0.074%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0051%	4h	93.028	−0.120%	$146K	$670K	20x	as long as short
Bullet HYPE-USD	−0.0003%	1h	93.031	−0.116%	$111K	$578K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.153	+0.014%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.124	−0.017%	$22K	$293K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.066	−0.078%	$62K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0002%	1h	93.000	−0.150%	$700K	$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	+0.0016%	1h	93.116	−0.025%	$87K	$365K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	93.132	−0.008%	$209K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0027%	8h	93.034	−0.113%	$12.6M	$2.7M	50x	as long as short
Bybit HYPEUSDT	+0.0028%	8h	93.010	−0.139%	$317.0M	$284.6M	75x	as long as short
Bitget HYPEUSDT	+0.0034%	4h	93.018	−0.130%	$225.0M	$98.8M	75x	as long as short
Popdex HYPEUSDT	+0.0048%	1h	93.099	−0.043%	$76K	$1.1M	50x	as long as short
Gate HYPE_USDT	+0.0066%	4h	93.043	−0.104%	$45.5M	$54.9M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.158	+0.019%	$339K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.016	−0.133%	$16.0M	$62.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.025	−0.123%	$3.1M	$11.7M	20x	as long as short
edgeX HYPEUSDC	+0.0099%	4h	93.100	−0.043%	$4.9M	$29.7M	30x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.110	−0.032%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.109	−0.032%	$6.8M	$46.5M	10x	as long as short
Hyperliquid HYPElong	+0.0100%	1h	93.139	long leg	$2.03B	$664.2M	10x
Aster HYPEUSDT	+0.0100%	4h	93.030	−0.118%	$8.7M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.136	−0.004%	$10.0M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.025	−0.123%	$373.3M	$909.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.038	−0.109%	$113.9M	$305.2M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.125	−0.016%	$203K	$3K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.016	−0.133%	$91.4M	$81.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.000	−0.150%	$46.1M	$18.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.027	−0.121%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.098	−0.045%	$7.3M	$11.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.028	−0.120%	$28.6M	$56.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.156	+0.018%	$7.5M	$46.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.126	−0.014%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.110	−0.032%	$665K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.137	−0.003%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.125	−0.016%	$488K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.028	−0.120%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.020	−0.129%	$16.0M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.073	−0.071%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.025	−0.123%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.217	+0.083%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.994	−0.156%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.058	−0.087%	$393K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0121%	8h	93.197	+0.062%	$1.8M	$5.5M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.170	+0.033%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	93.078	−0.066%	$20.7M	$29.4M	50x	as long as short
Injective HYPE/USDC PERPshort	+0.0242%	1h	93.020	−0.128%	$30K	$339K	12x
Reya HYPERUSDPERP	+0.0266%	1h	93.049	−0.097%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	93.065	−0.080%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.029	−0.119%	$16.8M	$11.8M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0438%	1h	93.109	−0.033%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	93.180	+0.044%	$3.2M	$6.3M	20x	as long as short