HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Pacifica against Lighter RH−0.022%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$140.143% of the position

Long on Lighter RH Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.022%, 7d avg +0.003%

Together, before fees+0.013%+ Points / potential airdropLighter RH: Points live · Pacifica: Active · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.026% cheaper against Lighter RH than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH HYPE	94.653	0.0096	pay 0.0012% / 1h	35m 57s	$3.2M	$10.3M	20x
Short	Pacifica HYPE	94.632	0.0100	get 0.0013% / 1h	35m 57s	$10.2M	$14.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.022%Rate

Funding earned: $0.84
Price spread: −0.022% → +0.003%: −$2.56
Slippage, 4 orders: −$6.26
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$15.98
Costs to cover: 0.143%
Break-even: 140.2 days

Slippage from Lighter RH: live order book, 3 min ago; Pacifica: live order book, 3 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	1.27 bp	2.7 bp −$3	3.9 bp −$39	28.6 bp −$2,861	doesn't fit
Sell Pacifica live order book, 3 min ago	0.58 bp	4.9 bp −$5	doesn't fit	doesn't fit	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
Hibachi HYPE/USDT-P	−0.0952%	1h	94.552	−0.107%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0611%	1h	94.615	−0.040%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0311%	1h	94.683	+0.031%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0212%	1h	94.592	−0.064%	$112K	$578K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0148%	1h	94.530	−0.130%	$704K	$1.3M	10x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.585	−0.072%	$1.0M	$3.5M	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.607	−0.049%	$90K	$366K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.588	−0.069%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0080%	4h	94.626	−0.029%	$51.5M	$54.9M	75x	as long as short
Phemex HYPEUSDT	−0.0065%	8h	94.634	−0.020%	$12.9M	$2.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.639	−0.014%	$19.0M	$35.4M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	94.628	−0.026%	$147K	$682K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.650	−0.003%	$130K	$94K	5x	as long as short
Bybit HYPEUSDT	0.0000%	8h	94.636	−0.018%	$318.4M	$296.6M	75x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.743	+0.095%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.601	−0.055%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.653	0.000%	$123K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.747	+0.099%	$210K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.590	−0.067%	$4.7M	$6.4M	50x	as long as short
Bitget HYPEUSDT	+0.0026%	4h	94.665	+0.013%	$227.4M	$99.7M	75x	as long as short
Derive HYPE-PERP	+0.0034%	1h	94.592	−0.064%	$16.3M	$7.5M	10x	as long as short
Vest HYPE-PERP	+0.0048%	1h	94.666	+0.013%	—	$190K	5x	as long as short
OKX HYPE-USDT-SWAP	+0.0052%	8h	94.659	+0.006%	$118.1M	$329.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0052%	8h	94.638	−0.016%	$338K	$154K	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0095%	1h	94.590	−0.067%	$7.6M	$10.6M	20x	as long as short
edgeX HYPEUSDC	+0.0096%	4h	94.547	−0.112%	$5.0M	$30.8M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.653	0.000%	$16.2M	$62.6M	20x	as long as short
Lighter RH HYPElong	+0.0096%	1h	94.653	long leg	$3.2M	$10.3M	20x
Popdex HYPEUSDT	+0.0096%	1h	94.586	−0.071%	$148K	$1.3M	50x	as long as short
SoDEX HYPE-USD	+0.0098%	1h	94.659	+0.006%	$2.1M	$2.0M	10x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.560	−0.098%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.608	−0.047%	$7.3M	$51.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.763	+0.116%	$2.08B	$685.9M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.630	−0.024%	$9.7M	$37.6M	300x	as long as short
Pacifica HYPEshort	+0.0100%	1h	94.632	−0.022%	$10.2M	$14.5M	20x
Binance HYPEUSDT	+0.0100%	4h	94.650	−0.003%	$381.1M	$939.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.564	−0.094%	$220K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.652	−0.001%	$93.9M	$85.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.653	0.000%	$47.2M	$19.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.621	−0.034%	—	$53.5M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.549	−0.109%	$30.0M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.563	−0.095%	$7.6M	$44.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.555	−0.104%	$345K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.556	−0.102%	$694K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.675	+0.023%	$499K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.651	−0.002%	$33K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.753	+0.106%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.634	−0.020%	$18.4M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.640	−0.014%	$400K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.624	−0.031%	$3.1M	$6.4M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0141%	1h	94.724	+0.075%	$7.5M	$4.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.546%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.629	−0.025%	$85K	$113K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	94.670	+0.018%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.614	−0.041%	$17.3M	$12.6M	75x	as long as short