HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.09 per $10,000 · paid last 24h −0.012%

Price spread now: ApeX Omni against Phoenix−0.125%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 7 days−0.033%−$3 · spread now −0.125%, 7d avg −0.113%

Together, before fees−0.284%−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.113%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.252%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix HYPE	93.282	0.0026	pay 0.0003% / 1h	27m 50s	$207K	$1.2M	10x
Short	ApeX Omni HYPEUSDT	93.165	0.0100	get 0.0013% / 1h	27m 50s	$342K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now −0.125%Rate

Funding earned: $15.61
Price spread: −0.125% → −0.113%: −$1.24
Slippage, 4 orders: −$8.89
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$11.52
Costs to cover: 0.259%
Break-even: 12.2 days

Slippage from Phoenix: live order book, 5 min ago; ApeX Omni: live order book, 1 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 Phoenix live order book, 5 min ago	0.05 bp	5.0 bp −$5	11.1 bp −$111	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 1 min ago	2.90 bp	7.9 bp −$8	12.2 bp −$122	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	−0.1512%	1h	93.260	−0.024%	$197K	$237K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0368%	1h	93.253	−0.031%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.227	−0.059%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0066%	1h	93.099	−0.197%	$111K	$580K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0023%	4h	93.130	−0.163%	$146K	$663K	20x	as long as short
01 Exchange HYPEUSD	−0.0008%	1h	93.174	−0.116%	$87K	$365K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.139	−0.153%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.155	−0.136%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.135	−0.158%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.126	−0.167%	$1.0M	$3.9M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0014%	4h	93.110	−0.184%	$225.0M	$98.8M	75x	as long as short
Bybit HYPEUSDT	+0.0017%	8h	93.120	−0.174%	$316.4M	$282.7M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0022%	1h	93.160	−0.131%	$702K	$1.2M	10x	as long as short
Phoenix HYPElong	+0.0026%	1h	93.282	long leg	$207K	$1.2M	10x
Phemex HYPEUSDT	+0.0054%	8h	93.159	−0.132%	$12.7M	$2.8M	50x	as long as short
edgeX HYPEUSDC	+0.0088%	4h	93.175	−0.114%	$5.0M	$30.0M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.200	−0.088%	$339K	$157K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.134	−0.159%	$16.1M	$63.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.133	−0.160%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.143	−0.149%	$75K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.170	−0.120%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.147	−0.145%	$7.9M	$48.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.168	−0.122%	$2.03B	$669.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.120	−0.174%	$8.7M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.171	−0.119%	$10.0M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.125	−0.168%	$373.2M	$912.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.110	−0.184%	$114.2M	$308.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.230	−0.056%	$215K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.111	−0.183%	$46.7M	$54.3M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.120	−0.174%	$90.8M	$81.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.118	−0.176%	$46.0M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.110	−0.184%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.158	−0.133%	$7.3M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.131	−0.162%	$28.5M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.193	−0.095%	$7.5M	$47.0M	10x	as long as short
ApeX Omni HYPEUSDTshort	+0.0100%	1h	93.165	−0.125%	$342K	$1.0M	50x
StandX HYPE-USD	+0.0100%	1h	93.238	−0.047%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.227	−0.059%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.151	−0.140%	$483K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.124	−0.169%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.106	−0.188%	$16.1M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.158	−0.133%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.129	−0.164%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.300	+0.019%	$1.4M	$6.5M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.084	−0.212%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.125	−0.168%	$394K	$158K	20x	as long as short
Kalshi KXHYPEPERP	+0.0109%	8h	93.220	−0.066%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.190	−0.099%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.170	−0.120%	$4.6M	$5.8M	50x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	93.118	−0.176%	$80K	$127K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.143	−0.149%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.309	+0.029%	$16.8M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0342%	1h	93.190	−0.098%	$20.8M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0480%	1h	93.221	−0.065%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.213	−0.074%	$3.2M	$6.3M	20x	as long as short