HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.048%

Price spread now: HTX against KuCoin+0.147%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$440.444% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.147%, 7d avg +0.051%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.096% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HYPEUSDTM	93.363	0.0100	pay 0.0050% / 4h	1h 52m	$46.1M	$18.0M	75x
Short	HTX HYPE-USDT	93.500	0.0216	get 0.0108% / 4h	1h 52m	$1.4M	$5.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.147%Rate

Funding earned: $24.31
Price spread: +0.147% → +0.051%: $9.59
Slippage, 4 orders: −$20.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$10.46
Costs to cover: 0.444%
Break-even: 10.0 days

Slippage from KuCoin: live order book, 2 min ago; HTX: live order book, 2 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, 2 min ago	0.43 bp	11.0 bp −$11	15.5 bp −$155	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	0.59 bp	11.1 bp −$11	17.7 bp −$177	57.8 bp −$5,778	doesn't fit

HYPE on 54 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	−0.1152%	1h	93.125	−0.255%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.184	−0.192%	$1.2M	$3.8M	10x	as long as short
Bluefin HYPE-PERP	−0.0234%	1h	93.259	−0.111%	$79K	$170K	20x	as long as short
ApeX Omni HYPEUSDT	−0.0172%	1h	93.008	−0.380%	$336K	$1.0M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.079	−0.304%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0049%	4h	93.280	−0.089%	$156K	$639K	20x	as long as short
01 Exchange HYPEUSD	−0.0048%	1h	93.343	−0.021%	$85K	$346K	20x	as long as short
Phemex HYPEUSDT	−0.0043%	8h	93.347	−0.017%	$12.6M	$2.7M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0019%	1h	93.230	−0.142%	$696K	$908K	10x	as long as short
Aftermath Perps HYPEUSD	−0.0001%	1h	93.212	−0.162%	$22K	$21K	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USD	0.0000%	1h	93.306	−0.061%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.289	−0.079%	$22K	$321K	10x	as long as short
Aster HYPEUSDT	+0.0001%	4h	93.333	−0.032%	$8.8M	$35.3M	300x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.307	−0.060%	$25K	—	150x	as long as short
BingX HYPE-USDT	+0.0008%	4h	93.352	−0.012%	—	$53.1M	—	as long as short
Bybit HYPEUSDT	+0.0018%	8h	93.329	−0.036%	$321.3M	$274.8M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.056	−0.329%	$210K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0036%	4h	93.357	−0.006%	$44.5M	$54.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0079%	8h	93.346	−0.018%	$114.5M	$300.9M	50x	as long as short
MEXC HYPE_USDT	+0.0080%	4h	93.372	+0.010%	$87.8M	$79.9M	100x	as long as short
Binance HYPEUSDT	+0.0080%	4h	93.349	−0.015%	$379.1M	$872.0M	75x	as long as short
edgeX HYPEUSDC	+0.0081%	4h	93.009	−0.379%	$5.0M	$29.8M	30x	as long as short
Bullet HYPE-USD	+0.0083%	1h	93.320	−0.046%	$111K	$577K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.375	+0.013%	$16.3M	$61.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.361	−0.002%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.323	−0.043%	$68K	$1.2M	50x	as long as short
Derive HYPE-PERP	+0.0097%	1h	93.263	−0.107%	$16.2M	$7.6M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.349	−0.015%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.310	−0.057%	$38K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.296	−0.072%	$5.7M	$43.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.423	+0.064%	$2.04B	$653.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.318	−0.048%	$10.0M	$14.6M	20x	as long as short
KuCoin HYPEUSDTMlong	+0.0100%	4h	93.363	long leg	$46.1M	$18.0M	75x
Bitget HYPEUSDT	+0.0100%	4h	93.342	−0.022%	$225.9M	$96.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.335	−0.030%	$7.4M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.170	−0.207%	$31.0M	$54.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.978	−0.412%	$7.5M	$46.3M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.195	−0.180%	$665K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.331	−0.034%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.322	−0.044%	$474K	$2.4M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.420	+0.061%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.302	−0.065%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.998	−0.391%	$202K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.270	−0.099%	$18.3M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.303	−0.064%	$397K	$170K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.400	+0.040%	$4.9M	$5.4M	50x	as long as short
HTX HYPE-USDTshort	+0.0216%	4h	93.500	+0.147%	$1.4M	$5.9M	75x
Reya HYPERUSDPERP	+0.0257%	1h	93.302	−0.065%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0275%	8h	93.367	+0.004%	$1.9M	$4.8M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.326	−0.039%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0404%	1h	93.382	+0.020%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.403	+0.043%	$3.2M	$6.7M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.010	−0.378%	$30K	$338K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.365	+0.002%	$20.8M	$29.9M	50x	as long as short