HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against KuCoin−0.003%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.003%, 7d avg +0.007%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HYPEUSDTM	92.917	0.0100	pay 0.0050% / 4h	1h 50m	$47.0M	$19.1M	75x
Short	Binance HYPEUSDT	92.915	0.0098	get 0.0049% / 4h	1h 50m	$382.3M	$892.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.003%Rate

Funding earned: −$0.33
Price spread: −0.003% → +0.007%: −$0.96
Slippage, 4 orders: −$9.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$32.42
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Binance: live order book, 9 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 KuCoin live order book, 4 min ago	0.81 bp	12.0 bp −$12	20.1 bp −$201	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.05 bp	6.2 bp −$6	7.9 bp −$79	15.1 bp −$1,507	34.0 bp −$17.0K

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
Aftermath Perps HYPEUSD	−0.0298%	1h	93.064	+0.158%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0131%	1h	92.956	+0.042%	$1.2M	$4.0M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.989	+0.077%	$3K	$331	25x	as long as short
Hibachi HYPE/USDT-P	−0.0048%	1h	92.969	+0.056%	$196K	$231K	7x	as long as short
01 Exchange HYPEUSD	−0.0008%	1h	92.976	+0.063%	$90K	$365K	20x	as long as short
Derive HYPE-PERP	−0.0002%	1h	92.860	−0.062%	$16.3M	$7.1M	10x	as long as short
Aster HYPEUSDT	−0.0001%	4h	92.902	−0.016%	$8.9M	$36.0M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.009	+0.099%	$127K	$32K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.031	+0.123%	$1.9M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	92.956	+0.042%	$23K	$331K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	92.932	+0.016%	$20K	—	150x	as long as short
Popdex HYPEUSDT	+0.0016%	1h	92.965	+0.052%	$56K	$1.2M	50x	as long as short
Bybit HYPEUSDT	+0.0032%	8h	92.910	−0.008%	$323.0M	$286.9M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.039	+0.131%	$215K	$1.2M	10x	as long as short
Ondo Perps HYPE-USD.P	+0.0041%	1h	92.880	−0.040%	$697K	$922K	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0041%	4h	92.916	−0.001%	$165K	$515K	20x	as long as short
Gate HYPE_USDT	+0.0058%	4h	92.901	−0.017%	$43.9M	$57.3M	75x	as long as short
Bullet HYPE-USD	+0.0094%	1h	92.929	+0.013%	$112K	$579K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.976	+0.063%	$18.5M	$58.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.939	+0.024%	$3.0M	$12.1M	20x	as long as short
Binance HYPEUSDTshort	+0.0098%	4h	92.915	−0.003%	$382.3M	$892.0M	75x
Paradex HYPE-USD-PERP	+0.0099%	8h	93.004	+0.094%	$338K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	92.980	+0.068%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.985	+0.073%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.954	+0.040%	$2.02B	$670.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.028	+0.119%	$10.0M	$14.4M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.901	−0.017%	$113.9M	$313.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.884	−0.035%	$203K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.919	+0.002%	$90.4M	$81.4M	100x	as long as short
KuCoin HYPEUSDTMlong	+0.0100%	4h	92.917	long leg	$47.0M	$19.1M	75x
Bitget HYPEUSDT	+0.0100%	4h	92.899	−0.019%	$225.2M	$102.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.896	−0.023%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.936	+0.020%	$7.8M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.887	−0.032%	$28.9M	$50.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.245	+0.353%	$7.5M	$44.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.016	+0.107%	$411K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.968	+0.055%	$672K	$2.5M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.010	+0.100%	$492K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.933	+0.017%	$75K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.019	+0.110%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.913	−0.004%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	92.959	+0.045%	$12.7M	$2.6M	50x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.998	+0.087%	—	$454K	5x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.890	−0.029%	$18.3M	$42.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.912	−0.005%	$395K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0119%	4h	93.037	+0.129%	$5.1M	$29.5M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	92.950	+0.036%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	92.820	−0.104%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0246%	1h	92.961	+0.048%	$77K	$158K	15x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.052	+0.146%	$2.7M	$6.8M	20x	as long as short
HTX HYPE-USDT	+0.0292%	4h	93.139	+0.239%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0158%	1h	92.955	+0.041%	$1.5M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.975	+0.062%	$17.0M	$12.4M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0385%	1h	93.019	+0.110%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0467%	1h	93.040	+0.132%	$20.7M	$28.5M	50x	as long as short