HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Lighter RH−0.001%7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on gTrade (Gains Network)

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 RH: Points live · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH HYPE	94.344	0.0096	pay 0.0012% / 1h	14m 37s	$3.2M	$11.1M	20x
Short	gTrade (Gains Network) HYPE/USD	94.343	L +0.0002% / S −0.0001%	get 0.0000% / 1h	14m 37s	$84K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.001%Rate

Funding earned: −$19.96
Price spread: −0.001% → 0.000%: −$0.15
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$30.11
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 4 min ago; gTrade (Gains Network): 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 RH live order book, 4 min ago	0.85 bp	2.7 bp −$3	4.4 bp −$44	21.4 bp −$2,143	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.1112%	1h	94.144	−0.212%	$200K	$236K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0181%	1h	94.241	−0.109%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.262	−0.087%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0059%	1h	94.341	−0.003%	$112K	$579K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0054%	1h	94.240	−0.110%	$709K	$1.2M	10x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	94.319	−0.026%	$86K	$368K	20x	as long as short
Bluefin HYPE-PERP	−0.0018%	1h	94.319	−0.026%	$80K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0012%	4h	94.299	−0.048%	$146K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.284	−0.064%	$129K	$26K	5x	as long as short
Bybit HYPEUSDT	0.0000%	8h	94.284	−0.064%	$317.3M	$289.4M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXHYPEPERP	0.0000%	8h	94.399	+0.058%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.359	+0.016%	$19K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0001%	1h	94.343	−0.001%	$84K	—	150x
Phoenix HYPE	+0.0017%	1h	94.307	−0.039%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0054%	4h	94.293	−0.054%	$227.3M	$99.2M	75x	as long as short
Phemex HYPEUSDT	+0.0054%	8h	94.271	−0.077%	$12.9M	$2.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0079%	8h	94.367	+0.024%	$337K	$156K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	94.293	−0.054%	$1.0M	$3.5M	10x	as long as short
edgeX HYPEUSDC	+0.0084%	4h	94.260	−0.089%	$5.0M	$30.7M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.331	−0.014%	$16.3M	$64.4M	20x	as long as short
Lighter RH HYPElong	+0.0096%	1h	94.344	long leg	$3.2M	$11.1M	20x
Popdex HYPEUSDT	+0.0096%	1h	94.298	−0.049%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.340	−0.004%	$17K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.355	+0.012%	$7.6M	$50.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.406	+0.066%	$2.08B	$688.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.338	−0.006%	$8.8M	$37.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.346	+0.002%	$10.2M	$15.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.318	−0.027%	$377.3M	$931.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.295	−0.052%	$116.1M	$318.7M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.316	−0.030%	$49.3M	$56.9M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.325	−0.020%	$90.2M	$85.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.322	−0.023%	$47.0M	$18.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.294	−0.053%	—	$53.6M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.340	−0.004%	$7.2M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.209	−0.144%	$29.1M	$55.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.298	−0.049%	$7.6M	$47.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.261	−0.088%	$363K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.278	−0.070%	$681K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.388	+0.046%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.357	+0.014%	$496K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.388	+0.047%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.332	−0.013%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.500	+0.165%	$1.4M	$6.8M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.275	−0.073%	$218K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.253	−0.096%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.412	+0.072%	$399K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	94.410	+0.070%	$4.7M	$6.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0022%	1h	94.369	+0.027%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.440	+0.102%	$31K	$339K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0248%	1h	94.424	+0.085%	$7.5M	$4.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.326	−0.019%	$78K	$129K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.317	−0.029%	$16.9M	$12.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0412%	1h	94.403	+0.062%	$20.2M	$30.4M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	94.355	+0.011%	$3.2M	$6.4M	20x	as long as short