HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0010%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h −0.071%

Price spread now: Coinbase International against Injective−0.237%7-day average −0.186% · you buy dearer than you sell

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

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−2.321%−$232 on $10k

Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.237%, 7d avg −0.186%

Together, before fees−2.122%−$212 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.050% cheaper against Injective than usual: you would sell low and buy high (spread −0.237% now, against its 7-day average of −0.186%). If the spread goes back, that is −$5 on $10k: about 18 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −2.321%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HYPE/USDC PERP	93.000	0.0150	pay 0.0019% / 1h	20m 58s	$30K	$339K	12x
Short	Coinbase International HYPE-PERP-INTX	92.780	0.0160	get 0.0020% / 1h	20m 58s	$4.7M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now −0.237%Rate

Funding earned: $2
Price spread: −0.237% → −0.186%: −$5.01
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$13.03
Costs to cover: 0.100%
Break-even: 52.6 days

Slippage unknown: Injective: live order book, 38 min ago; Coinbase International: live order book, 3 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 Injective live order book, 38 min ago	14.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	3.78 bp	10.2 bp −$10	14.7 bp −$147	34.1 bp −$3,412	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
Arcus HYPE-USD	−0.0948%	1h	92.659	−0.367%	$1.1M	$3.9M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0240%	1h	92.701	−0.321%	$194K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0227%	1h	92.666	−0.359%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.756	−0.262%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0064%	4h	92.738	−0.282%	$157K	$666K	20x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	92.767	−0.251%	$87K	$359K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.770	−0.247%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.755	−0.263%	$22K	$304K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.773	−0.244%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0022%	8h	92.718	−0.303%	$12.5M	$2.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet HYPE-USD	+0.0030%	1h	92.750	−0.269%	$111K	$579K	20x	as long as short
Ondo Perps HYPE-USD.P	+0.0035%	1h	92.680	−0.344%	$697K	$1.1M	10x	as long as short
Aster HYPEUSDT	+0.0039%	4h	92.779	−0.238%	$8.7M	$36.3M	300x	as long as short
BingX HYPE-USDT	+0.0040%	4h	92.771	−0.246%	—	$53.4M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.652	−0.374%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0049%	8h	92.760	−0.258%	$316.8M	$281.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0087%	8h	92.769	−0.248%	$113.7M	$304.3M	50x	as long as short
Gate HYPE_USDT	+0.0088%	4h	92.767	−0.251%	$44.5M	$55.3M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0093%	8h	92.766	−0.252%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.784	−0.232%	$16.0M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.797	−0.218%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.733	−0.287%	$69K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.660	−0.366%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.746	−0.273%	$7.1M	$45.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.815	−0.199%	$2.02B	$663.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.775	−0.242%	$10.0M	$15.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.788	−0.228%	$372.6M	$904.0M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.768	−0.249%	$87.5M	$80.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.785	−0.231%	$46.0M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.748	−0.271%	$224.5M	$98.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.769	−0.248%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.688	−0.336%	$28.6M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.707	−0.315%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.679	−0.345%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.729	−0.291%	$665K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.803	−0.212%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.770	−0.247%	$465K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.733	−0.287%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.744	−0.275%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.714	−0.308%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.778	−0.239%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.900	−0.108%	$1.4M	$6.2M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.701	−0.321%	$202K	$13K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.742	−0.277%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.773	−0.244%	$392K	$164K	20x	as long as short
edgeX HYPEUSDC	+0.0116%	4h	92.666	−0.359%	$5.0M	$29.5M	30x	as long as short
Injective HYPE/USDC PERPlong	+0.0150%	1h	93.000	long leg	$30K	$339K	12x
Coinbase International HYPE-PERP-INTXshort	+0.0160%	1h	92.780	−0.237%	$4.7M	$5.5M	50x
Kalshi KXHYPEPERP	+0.0240%	8h	92.796	−0.219%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0262%	1h	92.754	−0.265%	$79K	$132K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.766	−0.251%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0331%	1h	92.840	−0.172%	$20.6M	$30.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.771	−0.246%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0472%	1h	92.865	−0.145%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.782	−0.235%	$3.2M	$6.4M	20x	as long as short