HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0207%/8h= −22.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.070%

Price spread now: Vest against Injective−0.625%50s7-day average −0.196% · you buy dearer than you sell

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

Long on Injective Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.786%−$79 on $10k

Price spread, last 3 days (all we have)+0.619%+$62 · spread now −0.625%, 7d avg −0.196%

Together, before fees−0.167%+ Points / potential airdropVest: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Vest is 0.429% cheaper against Injective than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of −0.196%). Swap the legs. The two prices were read 50 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	Injective HYPE/USDC PERP	93.910	0.0285	pay 0.0036% / 1h	59m 33s	$31K	$291K	12x
Short	Vest HYPE-PERP	93.323	0.0077	get 0.0010% / 1h	59m 33s	—	$454K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now −0.625%Rate

Funding earned: −$43.54
Price spread: −0.625% → −0.196%: −$42.93
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Vest: 1 bp × 2 orders: −$2
Net: −$88.48
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 25 min ago; Vest: no order-book sample. 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, 25 min ago	15.46 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0792%	1h	93.304	−0.646%	$197K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0269%	1h	93.297	−0.652%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.201	−0.755%	$1.2M	$4.1M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.214	−0.741%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0076%	1h	93.150	−0.809%	$701K	$932K	10x	as long as short
Bullet HYPE-USD	−0.0046%	1h	93.273	−0.679%	$111K	$580K	20x	as long as short
Derive HYPE-PERP	−0.0037%	1h	93.243	−0.710%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.280	−0.671%	$127K	$32K	5x	as long as short
01 Exchange HYPEUSD	0.0000%	1h	93.291	−0.659%	$90K	$360K	20x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.393	−0.551%	$1.9M	$5.3M	2.3x	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	93.293	−0.657%	$23K	$334K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.330	−0.618%	$20K	—	150x	as long as short
Aster HYPEUSDT	+0.0008%	4h	93.222	−0.733%	$8.9M	$35.8M	300x	as long as short
Bybit HYPEUSDT	+0.0028%	8h	93.242	−0.711%	$324.8M	$287.4M	75x	as long as short
Gate HYPE_USDT	+0.0036%	4h	93.227	−0.727%	$44.0M	$56.3M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0050%	4h	93.306	−0.643%	$167K	$512K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.279	−0.672%	$215K	$1.2M	10x	as long as short
Vest HYPE-PERPshort	+0.0077%	1h	93.323	−0.625%	—	$454K	5x
Lighter HYPE	+0.0096%	1h	93.263	−0.689%	$18.6M	$58.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.255	−0.697%	$3.1M	$12.0M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.263	−0.689%	$57K	$1.2M	50x	as long as short
Bluefin HYPE-PERP	+0.0098%	1h	93.289	−0.661%	$76K	$168K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.237	−0.717%	$339K	$170K	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.253	−0.700%	$2.0M	$2.0M	10x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.260	−0.692%	$36K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.296	−0.654%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.271	−0.680%	$2.03B	$671.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.246	−0.707%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.263	−0.689%	$384.8M	$889.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.214	−0.741%	$114.6M	$314.5M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.271	−0.680%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.226	−0.728%	$92.7M	$80.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.221	−0.734%	$46.1M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.241	−0.712%	$226.4M	$102.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.220	−0.735%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.265	−0.687%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.252	−0.701%	$29.1M	$50.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.313	−0.636%	$7.5M	$44.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.276	−0.675%	$405K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.324	−0.624%	$675K	$2.5M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.336	−0.611%	$493K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.333	−0.614%	$32K	$1.6M	20x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.249	−0.704%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.216	−0.739%	$18.4M	$41.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.327	−0.620%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0111%	4h	93.275	−0.676%	$5.1M	$29.5M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.390	−0.554%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0246%	1h	93.295	−0.655%	$78K	$158K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0275%	1h	93.405	−0.538%	$7.4M	$4.6M	50x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.301	−0.648%	$2.8M	$6.8M	20x	as long as short
Injective HYPE/USDC PERPlong	+0.0285%	1h	93.910	long leg	$31K	$291K	12x
HTX HYPE-USDT	+0.0300%	4h	93.485	−0.453%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.326	−0.622%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.289	−0.661%	$17.1M	$12.5M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0574%	1h	93.350	−0.596%	$19.6M	$26.9M	50x	as long as short