HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.49 per $10,000 · paid last 24h +0.002%

Price spread now: Variational Omni against Paradex−0.014%7-day average −0.048% · you buy dearer than you sell

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

Long on Paradex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+1.005%+$101 · spread now −0.014%, 7d avg −0.048%

Together, before fees+1.009%+ Points / potential airdropParadex: Active · Variational Omni: Active · farm board+$101 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.034% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex HYPE-USD-PERP	94.633	0.0051	pay 0.0051% / 8h	7h 34m	$338K	$154K	20x
Short	Variational Omni HYPE	94.619	0.0100	get 0.0100% / 8h	7h 34m	$30.0M	$56.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Paradex. 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 ParadexbpFee Variational OmnibpOrdersPrice spread, now −0.014%Rate

Funding earned: $10.29
Price spread: −0.014% → −0.048%: $3.36
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.65
Costs to cover: 0.040%
Break-even: 0.4 days

Slippage unknown: Paradex: live order book, 64 min ago; Variational Omni: RFQ quote, 4 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 Paradex live order book, 64 min ago	14.72 bp	16.7 bp −$17	154.5 bp −$1,545	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	0.43 bp	doesn't fit	0.4 bp −$4	19.7 bp −$1,971	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	−0.086%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0604%	1h	94.601	−0.034%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0306%	1h	94.706	+0.077%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0208%	1h	94.641	+0.009%	$112K	$578K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0168%	1h	94.610	−0.024%	$704K	$1.3M	10x	as long as short
Phemex HYPEUSDT	−0.0114%	8h	94.603	−0.032%	$12.9M	$2.9M	50x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.620	−0.014%	$1.0M	$3.5M	10x	as long as short
Gate HYPE_USDT	−0.0082%	4h	94.602	−0.033%	$51.5M	$55.0M	75x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.720	+0.092%	$90K	$366K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.588	−0.048%	$3K	$331	25x	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	94.596	−0.039%	$19.0M	$35.4M	50x	as long as short
Bybit HYPEUSDT	−0.0011%	8h	94.577	−0.059%	$318.2M	$296.2M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	94.612	−0.022%	$147K	$681K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.650	+0.018%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.728	+0.100%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.654	+0.022%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.652	+0.020%	$123K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.654	+0.022%	$210K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.620	−0.014%	$4.7M	$6.3M	50x	as long as short
Bitget HYPEUSDT	+0.0028%	4h	94.598	−0.037%	$227.3M	$99.6M	75x	as long as short
Derive HYPE-PERP	+0.0034%	1h	94.592	−0.043%	$16.3M	$7.5M	10x	as long as short
Vest HYPE-PERP	+0.0046%	1h	94.710	+0.082%	—	$190K	5x	as long as short
OKX HYPE-USDT-SWAP	+0.0050%	8h	94.570	−0.067%	$118.1M	$329.4M	50x	as long as short
Paradex HYPE-USD-PERPlong	+0.0051%	8h	94.633	long leg	$338K	$154K	20x
Backpack HYPE_USDC_PERP	+0.0094%	1h	94.577	−0.059%	$7.6M	$10.5M	20x	as long as short
SoDEX HYPE-USD	+0.0096%	1h	94.613	−0.021%	$2.1M	$2.0M	10x	as long as short
edgeX HYPEUSDC	+0.0096%	4h	94.547	−0.091%	$5.0M	$30.8M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.611	−0.023%	$16.2M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.577	−0.059%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.686	+0.056%	$148K	$1.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.660	+0.029%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.639	+0.007%	$7.3M	$51.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.734	+0.106%	$2.08B	$686.1M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.584	−0.052%	$9.6M	$37.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.609	−0.025%	$10.2M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.581	−0.055%	$380.9M	$938.8M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.564	−0.073%	$220K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.595	−0.040%	$93.8M	$85.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.582	−0.054%	$47.2M	$19.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.612	−0.022%	—	$53.6M	—	as long as short
Variational Omni HYPEshort	+0.0100%	8h	94.619	−0.014%	$30.0M	$56.3M	—
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.563	−0.074%	$7.6M	$44.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.587	−0.049%	$345K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.634	+0.001%	$696K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.747	+0.120%	$500K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.732	+0.105%	$33K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.800	+0.176%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.578	−0.058%	$18.4M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.655	+0.023%	$400K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.710	+0.082%	$3.1M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.567%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0173%	1h	94.706	+0.077%	$7.5M	$4.4M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.588	−0.047%	$85K	$108K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	94.672	+0.041%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.619	−0.015%	$17.3M	$12.6M	75x	as long as short