HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0258%/8h= +28.2% APRnext payment +$0.32 per $10,000 · paid last 24h −0.033%

Price spread now: Deribit against Injective+0.200%7-day average −0.116% · you sell dearer than you buy

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−2.250%−$225 on $10k

Price spread, last 4 days (all we have)−0.207%−$21 · spread now +0.200%, 7d avg −0.116%

Together, before fees−2.457%−$246 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Deribit is 0.316% dearer against Injective than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −0.116%. Mind the row above: over the last 7 days funding on this pair cost −2.250%, 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	92.590	0.0150	pay 0.0019% / 1h	24m 36s	$30K	$339K	12x
Short	Deribit HYPE_USDC-PERPETUAL	92.775	0.0408	get 0.0051% / 1h	24m 36s	$7.5M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.200%Rate

Funding earned: $54.08
Price spread: +0.200% → −0.116%: $31.56
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $78.62
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: live order book, 34 min ago; Deribit: live order book, 4 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, 34 min ago	14.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	1.35 bp	7.8 bp −$8	13.7 bp −$137	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
Arcus HYPE-USD	−0.0948%	1h	92.646	+0.060%	$1.1M	$3.9M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0264%	1h	92.630	+0.043%	$194K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0213%	1h	92.594	+0.004%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.700	+0.119%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0065%	4h	92.670	+0.086%	$157K	$666K	20x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	92.747	+0.170%	$87K	$359K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.674	+0.091%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.692	+0.110%	$22K	$307K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.718	+0.138%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0024%	8h	92.693	+0.111%	$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
Ondo Perps HYPE-USD.P	+0.0026%	1h	92.640	+0.054%	$697K	$1.1M	10x	as long as short
Bullet HYPE-USD	+0.0028%	1h	92.680	+0.097%	$110K	$578K	20x	as long as short
Aster HYPEUSDT	+0.0032%	4h	92.704	+0.123%	$8.7M	$36.3M	300x	as long as short
BingX HYPE-USDT	+0.0040%	4h	92.704	+0.123%	—	$53.4M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.652	+0.067%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0051%	8h	92.704	+0.123%	$316.7M	$282.1M	75x	as long as short
Gate HYPE_USDT	+0.0082%	4h	92.690	+0.108%	$44.5M	$55.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0085%	8h	92.725	+0.146%	$113.5M	$304.4M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0093%	8h	92.750	+0.173%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.712	+0.132%	$16.0M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.729	+0.150%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.716	+0.136%	$69K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.680	+0.097%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.712	+0.131%	$6.6M	$44.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.738	+0.160%	$2.02B	$662.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.710	+0.130%	$10.0M	$15.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.734	+0.155%	$372.2M	$904.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.722	+0.143%	$87.5M	$80.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.693	+0.111%	$46.0M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.687	+0.105%	$224.7M	$98.3M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.660	+0.076%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.628	+0.041%	$28.5M	$57.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.667	+0.083%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.687	+0.105%	$349K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.665	+0.081%	$664K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.718	+0.138%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.685	+0.103%	$465K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.667	+0.083%	$78K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.670	+0.086%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.639	+0.053%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.681	+0.098%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.837	+0.267%	$1.4M	$6.2M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.701	+0.120%	$202K	$13K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.667	+0.083%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.695	+0.113%	$392K	$164K	20x	as long as short
edgeX HYPEUSDC	+0.0107%	4h	92.611	+0.023%	$5.0M	$29.5M	30x	as long as short
Injective HYPE/USDC PERPlong	+0.0150%	1h	92.590	long leg	$30K	$339K	12x
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.710	+0.130%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0244%	8h	92.727	+0.148%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0262%	1h	92.693	+0.111%	$79K	$137K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.702	+0.121%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0332%	1h	92.748	+0.171%	$20.6M	$30.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.668	+0.084%	$16.6M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUALshort	+0.0408%	1h	92.775	+0.200%	$7.5M	$4.5M	50x
RISEx HYPE/USDC	+0.0687%	1h	92.781	+0.206%	$3.2M	$6.4M	20x	as long as short