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 −0.064%

Price spread now: SoDEX against Injective−0.296%7-day average −0.160% · you buy dearer than you sell

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

Long on Injective Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.663%−$66 on $10k

Price spread, last 4 days (all we have)+0.349%+$35 · spread now −0.296%, 7d avg −0.160%

Together, before fees−0.314%−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.136% cheaper against Injective than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.160%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HYPE/USDC PERP	93.150	0.0242	pay 0.0030% / 1h	21m 13s	$30K	$339K	12x
Short	SoDEX HYPE-USD	92.874	0.0100	get 0.0013% / 1h	21m 13s	$2.0M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.296%Rate

Funding earned: −$29.87
Price spread: −0.296% → −0.160%: −$13.61
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$51.5
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 33 min ago; SoDEX: 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, 33 min ago	12.37 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.22 bp	7.1 bp −$7	12.8 bp −$128	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	−0.1712%	1h	92.605	−0.585%	$193K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0292%	1h	92.729	−0.452%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.841	−0.332%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.866	−0.305%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0058%	4h	92.851	−0.321%	$145K	$681K	20x	as long as short
Bullet HYPE-USD	−0.0002%	1h	92.854	−0.317%	$112K	$577K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.850	−0.322%	$127K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.870	−0.301%	$22K	$293K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.894	−0.275%	$62K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0018%	1h	92.830	−0.344%	$697K	$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	+0.0024%	1h	92.908	−0.260%	$87K	$364K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	92.921	−0.246%	$208K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0032%	8h	92.838	−0.335%	$315.8M	$283.2M	75x	as long as short
Popdex HYPEUSDT	+0.0040%	1h	92.890	−0.279%	$81K	$1.1M	50x	as long as short
Bitget HYPEUSDT	+0.0044%	4h	92.836	−0.337%	$224.7M	$99.0M	75x	as long as short
Phemex HYPEUSDT	+0.0049%	8h	92.862	−0.309%	$12.5M	$2.7M	50x	as long as short
Gate HYPE_USDT	+0.0092%	4h	92.835	−0.338%	$45.1M	$54.5M	75x	as long as short
Lighter HYPE	+0.0096%	1h	92.874	−0.296%	$16.0M	$62.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.876	−0.294%	$3.1M	$11.6M	20x	as long as short
edgeX HYPEUSDC	+0.0098%	4h	92.694	−0.490%	$4.9M	$29.6M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	92.874	−0.297%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.870	−0.301%	$34K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.805	−0.371%	$7.4M	$46.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.875	−0.295%	$2.02B	$666.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	92.847	−0.325%	$8.7M	$36.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	92.854	−0.318%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.881	−0.289%	$373.5M	$906.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.832	−0.341%	$114.1M	$303.9M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.709	−0.474%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.864	−0.307%	$91.3M	$81.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.881	−0.289%	$46.1M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.847	−0.325%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.879	−0.291%	$7.2M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.768	−0.410%	$28.5M	$57.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.808	−0.367%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.725	−0.456%	$340K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.765	−0.413%	$667K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.877	−0.293%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.908	−0.260%	$487K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.892	−0.277%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.858	−0.314%	$16.0M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.903	−0.265%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDshort	+0.0100%	1h	92.874	−0.296%	$2.0M	$2.0M	10x
HTX HYPE-USDT	+0.0100%	4h	92.995	−0.166%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.843	−0.330%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.861	−0.310%	$393K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0121%	8h	92.725	−0.456%	$1.8M	$5.4M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.900	−0.268%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.956	−0.208%	$20.7M	$29.6M	50x	as long as short
Injective HYPE/USDC PERPlong	+0.0242%	1h	93.150	long leg	$30K	$339K	12x
Reya HYPERUSDPERP	+0.0266%	1h	92.873	−0.298%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.893	−0.276%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.872	−0.298%	$16.8M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0450%	1h	92.967	−0.196%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.924	−0.243%	$3.2M	$6.4M	20x	as long as short