HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.009%

Price spread now: Derive against Ondo Perps+0.023%7-day average +0.054% · you sell dearer than you buy

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

Long on Ondo Perps Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.023%, 7d avg +0.054%

Together, before fees+0.160%+ Points / potential airdropOndo Perps: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Derive is 0.031% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.023% now, against its 7-day average of +0.054%). If the spread goes back, that is −$3 on $10k: about 40 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps HYPE-USD.P	93.440	−0.0078	get 0.0010% / 1h	25m 25s	$703K	$909K	10x
Short	Derive HYPE-PERP	93.462	−0.0017	pay 0.0002% / 1h	25m 25s	$16.3M	$7.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Ondo Perps. 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 Ondo PerpsbpFee DerivebpOrdersPrice spread, now +0.023%Rate

Funding earned: $12.96
Price spread: +0.023% → +0.054%: −$3.09
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Derive: 3 bp × 2 orders: −$6
Net: −$1.13
Costs to cover: 0.110%
Break-even: 7.6 days

Slippage unknown: Ondo Perps: no order-book sample; Derive: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Derive no order-book sample	—	—	—	—	—

Ondo Perps and Derive: 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 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	−0.0928%	1h	93.480	+0.043%	$198K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0375%	1h	93.654	+0.230%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.354	−0.092%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.496	+0.060%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.Plong	−0.0078%	1h	93.440	long leg	$703K	$909K	10x
01 Exchange HYPEUSD	−0.0048%	1h	93.427	−0.014%	$86K	$366K	20x	as long as short
Derive HYPE-PERPshort	−0.0017%	1h	93.462	+0.023%	$16.3M	$7.1M	10x
dYdX HYPE-USD	0.0000%	1h	93.492	+0.056%	$127K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.480	+0.043%	$23K	$329K	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0001%	4h	93.473	+0.035%	$166K	$583K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.515	+0.080%	$26K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	93.618	+0.190%	$214K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0011%	4h	93.479	+0.042%	$8.9M	$36.0M	300x	as long as short
Bybit HYPEUSDT	+0.0018%	8h	93.469	+0.031%	$321.2M	$283.4M	75x	as long as short
Binance HYPEUSDT	+0.0052%	4h	93.468	+0.030%	$382.0M	$896.0M	75x	as long as short
MEXC HYPE_USDT	+0.0054%	4h	93.487	+0.050%	$87.6M	$81.8M	100x	as long as short
edgeX HYPEUSDC	+0.0064%	4h	93.635	+0.209%	$5.1M	$29.7M	30x	as long as short
Phemex HYPEUSDT	+0.0070%	8h	93.537	+0.104%	$12.7M	$2.6M	50x	as long as short
Gate HYPE_USDT	+0.0078%	4h	93.473	+0.035%	$43.9M	$59.6M	75x	as long as short
Popdex HYPEUSDT	+0.0088%	1h	93.455	+0.016%	$59K	$1.2M	50x	as long as short
Bullet HYPE-USD	+0.0092%	1h	93.475	+0.038%	$113K	$577K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.501	+0.065%	$18.8M	$60.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.458	+0.019%	$3.0M	$12.3M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.505	+0.070%	$398K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.488	+0.051%	$340K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.440	0.000%	$43K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.507	+0.072%	$5.7M	$44.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.485	+0.048%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.475	+0.037%	$115.0M	$320.0M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.625	+0.198%	$204K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.476	+0.039%	$46.3M	$18.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.488	+0.051%	$226.5M	$102.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.475	+0.037%	—	$54.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.521	+0.087%	$7.8M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.574	+0.144%	$31.2M	$54.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.619	+0.192%	$7.6M	$45.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.646	+0.220%	$346K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.611	+0.183%	$677K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.513	+0.078%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.497	+0.061%	$490K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.481	+0.044%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.567	+0.136%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.511	+0.076%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.410	+1.038%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.419	−0.023%	$18.3M	$42.8M	50x	as long as short
Kalshi KXHYPEPERP	+0.0132%	8h	93.660	+0.235%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	93.550	+0.118%	$4.9M	$5.7M	50x	as long as short
Hyperliquid HYPE	+0.0194%	1h	93.497	+0.061%	$2.03B	$676.9M	10x	as long as short
HTX HYPE-USDT	+0.0211%	4h	93.712	+0.291%	$1.5M	$7.8M	75x	as long as short
BloFin HYPE-USDT	+0.0229%	4h	93.600	+0.171%	$17.1M	$12.6M	75x	as long as short
Reya HYPERUSDPERP	+0.0249%	1h	93.480	+0.042%	$77K	$142K	15x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	93.483	+0.046%	$2.8M	$6.9M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0337% / S −0.0163%	1h	93.509	+0.074%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0381%	1h	93.619	+0.192%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0580%	1h	93.608	+0.179%	$20.9M	$29.5M	50x	as long as short