HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0111%/8h= −12.2% APRnext payment −$0.14 per $10,000 · paid last 24h −0.015%

Price spread now: Aftermath Perps against Lighter+0.163%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Aftermath Perps is 0.163% dearer against Lighter than usual: you sell high and buy low (spread +0.163% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter HYPE	93.293	0.0096	pay 0.0012% / 1h	1m 42s	$16.3M	$62.8M	20x
Short	Aftermath Perps HYPEUSD	93.445	−0.0015	pay 0.0002% / 1h	1m 42s	$22K	$21K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Lighter. 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 LighterbpFee Aftermath PerpsbpOrdersPrice spread, now +0.163%Rate

Funding earned: −$23.39
Price spread: +0.163% → 0.000%: $16.31
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$16.08
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Lighter: live order book, 7 min ago; Aftermath Perps: 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 Lighter live order book, 7 min ago	0.00 bp	0.9 bp −$1	3.9 bp −$39	14.5 bp −$1,445	49.0 bp −$24.5K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 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	−0.1120%	1h	93.340	+0.050%	$196K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.152	−0.151%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.296	+0.003%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0063%	1h	93.220	−0.079%	$698K	$904K	10x	as long as short
Phemex HYPEUSDT	−0.0056%	8h	93.295	+0.002%	$12.6M	$2.7M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0052%	4h	93.284	−0.010%	$156K	$640K	20x	as long as short
01 Exchange HYPEUSD	−0.0040%	1h	93.279	−0.015%	$85K	$346K	20x	as long as short
Aftermath Perps HYPEUSDshort	−0.0015%	1h	93.445	+0.163%	$22K	$21K	10x
Aster HYPEUSDT	−0.0001%	4h	93.303	+0.010%	$8.8M	$35.7M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.294	+0.001%	$128K	$31K	5x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.325	+0.033%	$22K	$321K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.338	+0.048%	$26K	—	150x	as long as short
BingX HYPE-USDT	+0.0012%	4h	93.272	−0.023%	—	$53.2M	—	as long as short
Gate HYPE_USDT	+0.0014%	4h	93.266	−0.029%	$44.4M	$55.9M	75x	as long as short
Bybit HYPEUSDT	+0.0015%	8h	93.251	−0.045%	$319.9M	$275.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0019%	1h	93.271	−0.024%	$7.4M	$10.4M	20x	as long as short
Phoenix HYPE	+0.0060%	1h	93.424	+0.140%	$210K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0076%	8h	93.267	−0.028%	$114.6M	$301.0M	50x	as long as short
Bullet HYPE-USD	+0.0077%	1h	93.334	+0.044%	$112K	$578K	20x	as long as short
Binance HYPEUSDT	+0.0080%	4h	93.285	−0.009%	$379.5M	$879.2M	75x	as long as short
MEXC HYPE_USDT	+0.0080%	4h	93.274	−0.021%	$88.0M	$83.5M	100x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	93.380	+0.093%	$5.0M	$30.0M	30x	as long as short
Lighter HYPElong	+0.0096%	1h	93.293	long leg	$16.3M	$62.8M	20x
Lighter RH HYPE	+0.0096%	1h	93.308	+0.016%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.261	−0.035%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.331	+0.040%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.280	−0.014%	$12K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.324	+0.033%	$5.7M	$43.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.400	+0.114%	$2.04B	$657.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.297	+0.004%	$10.0M	$14.7M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.335	+0.045%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.304	+0.011%	$46.2M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.263	−0.032%	$225.7M	$96.9M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.349	+0.059%	$31.1M	$54.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.419	+0.135%	$7.5M	$46.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.340	+0.050%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.464	+0.183%	$667K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.380	+0.093%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.347	+0.058%	$474K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.278	−0.016%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.268	−0.027%	$16.2M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.420	+0.136%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.302	+0.009%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.237	−0.060%	$18.3M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.317	+0.026%	$397K	$172K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.430	+0.147%	$4.9M	$5.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	94.180	+0.950%	$31K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0198%	4h	93.500	+0.222%	$1.4M	$5.9M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.355	+0.066%	$3.2M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0256%	1h	93.323	+0.032%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0279%	8h	93.402	+0.117%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.340	+0.050%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0425%	1h	93.385	+0.098%	$7.4M	$4.4M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0683%	1h	93.372	+0.085%	$20.8M	$30.0M	50x	as long as short