HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h −0.021%

Price spread now: Coinbase International against Lighter RH+0.033%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.033%, 7d avg −0.046%

Together, before fees−0.155%+ Points / potential airdropLighter RH: Points live · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.079% dearer against Lighter RH than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH HYPE	93.459	0.0096	pay 0.0012% / 1h	5m 22s	$3.1M	$12.2M	20x
Short	Coinbase International HYPE-PERP-INTX	93.490	0.0176	get 0.0022% / 1h	5m 22s	$4.9M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter RH. 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 Lighter RHbpFee Coinbase InternationalbpOrdersPrice spread, now +0.033%Rate

Funding earned: $16.8
Price spread: +0.033% → −0.046%: $7.93
Slippage, 4 orders: −$10.91
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $3.82
Costs to cover: 0.209%
Break-even: 5.4 days

Slippage from Lighter RH: live order book, 3 min ago; Coinbase International: live order book, 4 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 Lighter RH live order book, 3 min ago	1.18 bp	1.2 bp −$1	3.5 bp −$35	30.8 bp −$3,076	doesn't fit
Sell Coinbase International live order book, 4 min ago	0.54 bp	6.8 bp −$7	12.3 bp −$123	32.8 bp −$3,278	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
Aftermath Perps HYPEUSD	−0.0477%	1h	93.324	−0.144%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0416%	1h	93.238	−0.237%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.366	−0.100%	$1.2M	$3.9M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0129%	1h	93.380	−0.085%	$699K	$896K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.431	−0.030%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	93.465	+0.006%	$91K	$358K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.390	−0.074%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.408	−0.054%	$23K	$330K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.463	+0.005%	$27K	—	150x	as long as short
Popdex HYPEUSDT	+0.0008%	1h	93.435	−0.026%	$58K	$1.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0008%	4h	93.440	−0.020%	$8.9M	$35.7M	300x	as long as short
Orderly PERP_HYPE_USDC	+0.0016%	4h	93.429	−0.032%	$176K	$524K	20x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.421	−0.041%	$323.6M	$281.6M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.456	−0.003%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0056%	1h	93.432	−0.029%	$112K	$577K	20x	as long as short
MEXC HYPE_USDT	+0.0060%	4h	93.440	−0.020%	$90.3M	$82.4M	100x	as long as short
Binance HYPEUSDT	+0.0061%	4h	93.443	−0.017%	$383.5M	$885.9M	75x	as long as short
Derive HYPE-PERP	+0.0061%	1h	93.381	−0.083%	$16.3M	$7.0M	10x	as long as short
Gate HYPE_USDT	+0.0062%	4h	93.423	−0.039%	$44.1M	$58.9M	75x	as long as short
edgeX HYPEUSDC	+0.0063%	4h	93.210	−0.267%	$5.1M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.475	+0.017%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPElong	+0.0096%	1h	93.459	long leg	$3.1M	$12.2M	20x
Aevo HYPE-PERP	+0.0096%	1h	93.434	−0.027%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.443	−0.017%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.440	−0.020%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.434	−0.026%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.463	+0.004%	$2.03B	$661.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.466	+0.008%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.430	−0.031%	$114.2M	$312.6M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.454	−0.005%	$47.1M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.450	−0.010%	$226.7M	$102.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.438	−0.022%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.435	−0.026%	$7.9M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.212	−0.264%	$30.8M	$51.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.317	−0.152%	$7.5M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.209	−0.267%	$415K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.230	−0.245%	$674K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.454	−0.005%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.463	+0.004%	$494K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.437	−0.024%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.482	+0.025%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.417	−0.045%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.384	−0.080%	$12.7M	$2.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.280	−0.192%	$204K	$8K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.412	−0.050%	$18.2M	$41.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0117%	8h	93.481	+0.024%	$1.9M	$5.2M	2.3x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0176%	1h	93.490	+0.033%	$4.9M	$5.7M	50x
HTX HYPE-USDT	+0.0220%	4h	93.588	+0.138%	$1.5M	$7.7M	75x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.530	+0.076%	$30K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0243%	4h	93.225	−0.250%	$16.9M	$12.4M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	93.436	−0.024%	$77K	$159K	15x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.485	+0.028%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	93.464	+0.005%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0371%	1h	93.517	+0.062%	$7.4M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0464%	1h	93.534	+0.081%	$20.9M	$28.9M	50x	as long as short