HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.077%

Price spread now: 01 Exchange against Hyperliquid−0.102%49s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.230% of the position

Long on Hyperliquid Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.093%−$9 on $10k

Price spread, last 4 days (all we have)+0.195%+$19 · spread now −0.102%, 7d avg −0.014%

Together, before fees+0.102%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and 01 Exchange is 0.088% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.014%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid HYPE	94.063	0.0100	pay 0.0013% / 1h	57m 40s	$2.05B	$680.5M	10x
Short	01 Exchange HYPEUSD	93.967	−0.0120	pay 0.0015% / 1h	57m 40s	$86K	$367K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.102%Rate

Funding earned: −$46.2
Price spread: −0.102% → −0.014%: −$8.83
Slippage, 4 orders: −$7.01
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$78.04
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; 01 Exchange: live order book, 16 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	0.05 bp	4.6 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 16 min ago	0.16 bp	6.7 bp −$7	10.2 bp −$102	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	−0.1416%	1h	93.956	−0.113%	$199K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.855	−0.221%	$1.2M	$3.8M	10x	as long as short
dYdX HYPE-USD	−0.0358%	1h	93.996	−0.071%	$128K	$30K	5x	as long as short
Aftermath Perps HYPEUSD	−0.0330%	1h	93.987	−0.081%	$22K	$22K	10x	as long as short
Bybit HYPEUSDT	−0.0152%	8h	93.896	−0.178%	$323.1M	$283.8M	75x	as long as short
01 Exchange HYPEUSDshort	−0.0120%	1h	93.967	−0.102%	$86K	$367K	20x
Ondo Perps HYPE-USD.P	−0.0087%	1h	93.810	−0.269%	$705K	$923K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.955	−0.115%	$3K	$331	25x	as long as short
Derive HYPE-PERP	−0.0017%	1h	93.918	−0.154%	$16.4M	$7.2M	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	93.966	−0.103%	$169K	$594K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.955	−0.114%	$23K	$329K	10x	as long as short
Bullet HYPE-USD	+0.0001%	1h	93.982	−0.086%	$112K	$579K	20x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.014	−0.052%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	94.114	+0.054%	$218K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0015%	4h	93.946	−0.124%	$8.9M	$36.1M	300x	as long as short
Popdex HYPEUSDT	+0.0016%	1h	93.967	−0.102%	$60K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0042%	4h	93.925	−0.147%	$88.0M	$81.8M	100x	as long as short
Binance HYPEUSDT	+0.0044%	4h	93.953	−0.117%	$383.8M	$899.6M	75x	as long as short
edgeX HYPEUSDC	+0.0053%	4h	93.991	−0.076%	$5.1M	$29.7M	30x	as long as short
Phemex HYPEUSDT	+0.0056%	8h	94.006	−0.061%	$12.8M	$2.6M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0086%	8h	93.910	−0.163%	$115.9M	$322.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.997	−0.070%	$18.9M	$58.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.958	−0.112%	$3.1M	$12.0M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.019	−0.047%	$400K	$206K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.965	−0.104%	$341K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.040	−0.024%	$42K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.969	−0.099%	$6.6M	$44.9M	10x	as long as short
Hyperliquid HYPElong	+0.0100%	1h	94.063	long leg	$2.05B	$680.5M	10x
Pacifica HYPE	+0.0100%	1h	93.963	−0.107%	$10.1M	$14.6M	20x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.954	−0.116%	$44.3M	$58.4M	75x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.946	−0.124%	$46.5M	$18.5M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.938	−0.133%	$227.6M	$101.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.963	−0.106%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.007	−0.060%	$7.7M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.972	−0.096%	$31.4M	$54.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.052	−0.012%	$7.6M	$45.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.033	−0.032%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.016	−0.050%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.997	−0.070%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.990	−0.078%	$472K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.981	−0.087%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.035	−0.030%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.968	−0.101%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.944	−0.127%	$205K	$6K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.940	−0.131%	$18.4M	$42.6M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.960	−0.110%	$4.9M	$5.7M	50x	as long as short
Kalshi KXHYPEPERP	+0.0163%	8h	93.993	−0.074%	$1.9M	$5.0M	2.3x	as long as short
BloFin HYPE-USDT	+0.0188%	4h	93.972	−0.097%	$17.0M	$12.6M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.990	−0.078%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.006	−0.061%	$2.8M	$6.9M	20x	as long as short
HTX HYPE-USDT	+0.0228%	4h	94.085	+0.023%	$1.5M	$7.8M	75x	as long as short
Reya HYPERUSDPERP	+0.0250%	1h	93.957	−0.113%	$77K	$142K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0157%	1h	94.011	−0.056%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0377%	1h	94.083	+0.021%	$7.5M	$4.7M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0671%	1h	94.070	+0.007%	$21.0M	$29.5M	50x	as long as short