HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.1346%/8h= −147.4% APRnext payment −$1.68 per $10,000 · paid last 24h +0.005%

Price spread now: Bluefin against Pacifica−0.053%7-day average −0.029% · you buy dearer than you sell

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

Long on Pacifica Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.282%−$28 · spread now −0.053%, 7d avg −0.029%

Together, before fees−0.315%+ Points / potential airdropPacifica: Active · farm board−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Bluefin is 0.024% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.68 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HYPE	94.999	0.0100	pay 0.0013% / 1h	56m 00s	$10.2M	$14.0M	20x
Short	Bluefin HYPE-PERP	94.949	−0.1246	pay 0.0156% / 1h	56m 00s	$79K	$147K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against Pacifica. 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 PacificabpFee BluefinbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$282.67
Price spread: −0.053% → −0.029%: −$2.38
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$300.04
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 3 min ago; Bluefin: live order book, 38 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 Pacifica live order book, 3 min ago	0.05 bp	4.1 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Bluefin live order book, 38 min ago	4.08 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit

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
Bluefin HYPE-PERPshort	−0.1246%	1h	94.949	−0.053%	$79K	$147K	20x
Hibachi HYPE/USDT-P	−0.1104%	1h	94.878	−0.128%	$211K	$265K	7x	as long as short
Bullet HYPE-USD	−0.0494%	1h	94.983	−0.017%	$112K	$580K	20x	as long as short
Kraken Futures PF_HYPEUSD	−0.0376%	1h	94.984	−0.016%	$18.8M	$35.7M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0301%	1h	94.930	−0.073%	$694K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0240%	1h	94.953	−0.048%	$90K	$354K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0188%	1h	95.115	+0.122%	$22K	$19K	10x	as long as short
Arcus HYPE-USD	−0.0159%	1h	94.924	−0.079%	$1.0M	$3.0M	10x	as long as short
Phemex HYPEUSDT	−0.0127%	8h	94.950	−0.052%	$13.0M	$2.8M	50x	as long as short
Polymarket Perps HYPE-USD	−0.0096%	1h	94.969	−0.032%	$499K	$2.6M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0084%	4h	94.953	−0.048%	$53.2M	$53.8M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.978	−0.022%	$3K	$331	25x	as long as short
Vest HYPE-PERP	−0.0052%	1h	95.020	+0.023%	—	$88K	5x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0024%	1h	94.970	−0.031%	$4.7M	$5.7M	50x	as long as short
Bybit HYPEUSDT	−0.0008%	8h	94.945	−0.057%	$319.6M	$280.5M	75x	as long as short
BingX HYPE-USDT	−0.0008%	4h	94.971	−0.029%	—	$50.5M	—	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.960	−0.041%	$148K	$665K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	95.003	+0.004%	$130K	$93K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.108	+0.115%	$1.8M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.976	−0.024%	$19K	$271K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.100	+0.106%	$86K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	95.157	+0.166%	$203K	$1.0M	10x	as long as short
SoDEX HYPE-USD	+0.0016%	1h	94.973	−0.027%	$2.1M	$1.3M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0025%	8h	94.931	−0.072%	$118.6M	$319.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0038%	8h	94.985	−0.015%	$340K	$38K	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0040%	1h	94.945	−0.057%	$7.3M	$10.3M	20x	as long as short
Bitget HYPEUSDT	+0.0050%	4h	94.964	−0.037%	$228.2M	$93.1M	75x	as long as short
Aster HYPEUSDT	+0.0062%	4h	94.939	−0.064%	$9.0M	$36.3M	300x	as long as short
Lighter RH HYPE	+0.0072%	1h	94.985	−0.015%	$3.2M	$9.9M	20x	as long as short
edgeX HYPEUSDC	+0.0087%	4h	95.004	+0.005%	$5.0M	$30.8M	30x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0087%	1h	95.070	+0.075%	$7.5M	$4.3M	50x	as long as short
Bulk HYPE-USD	+0.0094%	1h	94.986	−0.013%	$221K	$14K	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.974	−0.027%	$16.2M	$60.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.945	−0.057%	$268K	$1.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.950	−0.052%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.930	−0.072%	$7.3M	$55.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.123	+0.131%	$2.10B	$677.5M	10x	as long as short
Pacifica HYPElong	+0.0100%	1h	94.999	long leg	$10.2M	$14.0M	20x
Binance HYPEUSDT	+0.0100%	4h	94.946	−0.056%	$381.6M	$907.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.969	−0.032%	$88.5M	$85.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.961	−0.040%	$47.4M	$18.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.987	−0.012%	$30.1M	$55.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.063	+0.067%	$7.7M	$43.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.023	+0.025%	$348K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.051	+0.055%	$691K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.867	−0.139%	$32K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.133	+0.141%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.945	−0.057%	$18.3M	$41.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.127	+0.135%	$402K	$136K	20x	as long as short
RISEx HYPE/USDC	+0.0166%	1h	94.982	−0.018%	$3.2M	$6.2M	20x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.940	−0.062%	$86K	$93K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.051	+0.055%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.974	−0.026%	$17.2M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0850%	1h	95.480	+0.506%	$31K	$335K	12x	as long as short