HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.14 per $10,000 · paid last 24h +0.024%

Price spread now: Variational Omni against OKX−0.082%7-day average −0.015% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.028%+$3 on $10k

Price spread, last 7 days+0.061%+$6 · spread now −0.082%, 7d avg −0.015%

Together, before fees+0.088%+ Points / potential airdropVariational Omni: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.067% cheaper against OKX than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.015%). If the spread goes back, that is −$7 on $10k: about 16 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX HYPE-USDT-SWAP	92.704	0.0086	pay 0.0086% / 8h	4h 24m	$113.6M	$304.3M	50x
Short	Variational Omni HYPE	92.628	0.0100	get 0.0100% / 8h	4h 24m	$28.5M	$57.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now −0.082%Rate

Funding earned: $3
Price spread: −0.082% → −0.015%: −$6.74
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.74
Costs to cover: 0.100%
Break-even: 39.0 days

Slippage unknown: OKX: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. 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 OKX live order book, 5 min ago	0.05 bp	6.1 bp −$6	8.0 bp −$80	17.9 bp −$1,788	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	0.44 bp	doesn't fit	6.5 bp −$65	25.4 bp −$2,536	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
Arcus HYPE-USD	−0.0948%	1h	92.646	−0.063%	$1.1M	$3.9M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0264%	1h	92.680	−0.026%	$194K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0222%	1h	92.616	−0.095%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.700	−0.004%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0065%	4h	92.672	−0.035%	$157K	$666K	20x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	92.747	+0.046%	$87K	$359K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.674	−0.032%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.692	−0.013%	$22K	$304K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.728	+0.026%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0020%	8h	92.747	+0.046%	$12.5M	$2.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps HYPE-USD.P	+0.0026%	1h	92.640	−0.069%	$697K	$1.1M	10x	as long as short
Bullet HYPE-USD	+0.0028%	1h	92.698	−0.007%	$111K	$579K	20x	as long as short
Aster HYPEUSDT	+0.0032%	4h	92.699	−0.006%	$8.7M	$36.3M	300x	as long as short
BingX HYPE-USDT	+0.0040%	4h	92.703	−0.001%	—	$53.4M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.652	−0.056%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0051%	8h	92.690	−0.015%	$316.7M	$282.0M	75x	as long as short
Gate HYPE_USDT	+0.0082%	4h	92.697	−0.008%	$44.5M	$55.2M	75x	as long as short
OKX HYPE-USDT-SWAPlong	+0.0086%	8h	92.704	long leg	$113.6M	$304.3M	50x
Paradex HYPE-USD-PERP	+0.0093%	8h	92.750	+0.050%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.731	+0.029%	$16.0M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.738	+0.037%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.716	+0.013%	$69K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.680	−0.026%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.712	+0.008%	$6.6M	$44.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.733	+0.031%	$2.02B	$662.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.710	+0.006%	$10.0M	$15.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.731	+0.029%	$372.2M	$904.6M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.706	+0.002%	$87.5M	$80.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.721	+0.018%	$46.0M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.718	+0.015%	$225.0M	$98.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.660	−0.047%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPEshort	+0.0100%	8h	92.628	−0.082%	$28.5M	$57.5M	—
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.667	−0.040%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.687	−0.018%	$349K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.665	−0.042%	$664K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.756	+0.056%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.724	+0.022%	$465K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.678	−0.028%	$78K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.695	−0.010%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.713	+0.010%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.727	+0.025%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.841	+0.148%	$1.4M	$6.2M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.701	−0.003%	$202K	$13K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.687	−0.018%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.712	+0.008%	$392K	$164K	20x	as long as short
edgeX HYPEUSDC	+0.0107%	4h	92.611	−0.100%	$5.0M	$29.5M	30x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	92.590	−0.123%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.720	+0.017%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0242%	8h	92.779	+0.081%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0262%	1h	92.718	+0.016%	$79K	$137K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.716	+0.013%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0332%	1h	92.777	+0.079%	$20.6M	$30.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.668	−0.039%	$16.6M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0419%	1h	92.799	+0.102%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.781	+0.083%	$3.2M	$6.4M	20x	as long as short