HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0423%/8h= −46.3% APRnext payment −$0.53 per $10,000 · paid last 24h −0.056%

Price spread now: Aevo against RISEx−0.031%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$470.469% of the position

Long on RISEx Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.131%−$13 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.031%, 7d avg −0.019%

Together, before fees−0.125%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.131% in total (about -13.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 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	RISEx HYPE/USDC	93.568	0.0527	pay 0.0066% / 1h	49m 10s	$3.2M	$6.3M	20x
Short	Aevo HYPE-PERP	93.539	0.0104	get 0.0013% / 1h	49m 10s	$395K	$161K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against RISEx. 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 RISExbpFee AevobpOrdersPrice spread, now −0.031%Rate

Funding earned: −$88.73
Price spread: −0.031% → −0.019%: −$1.17
Slippage, 4 orders: −$24.89
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$136.79
Costs to cover: 0.469%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Aevo: live order book, 65 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 RISEx live order book, 5 min ago	0.80 bp	3.8 bp −$4	5.9 bp −$59	doesn't fit	doesn't fit
Sell Aevo live order book, 65 min ago	11.64 bp	19.6 bp −$20	19.7 bp −$197	26.8 bp −$2,685	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	−0.1848%	1h	93.418	−0.160%	$196K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0365%	1h	93.494	−0.079%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.494	−0.079%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0046%	1h	93.542	−0.028%	$111K	$578K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0032%	4h	93.520	−0.051%	$146K	$663K	20x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	93.528	−0.043%	$88K	$365K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0011%	1h	93.580	+0.013%	$704K	$1.2M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.530	−0.040%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.508	−0.064%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.559	−0.010%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HYPE-USD	+0.0011%	1h	93.473	−0.102%	$1.0M	$3.9M	10x	as long as short
Bitget HYPEUSDT	+0.0018%	4h	93.562	−0.006%	$226.4M	$99.1M	75x	as long as short
Phemex HYPEUSDT	+0.0024%	8h	93.557	−0.012%	$12.6M	$2.7M	50x	as long as short
Bybit HYPEUSDT	+0.0025%	8h	93.551	−0.018%	$318.2M	$283.6M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.701	+0.142%	$210K	$1.2M	10x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	93.497	−0.076%	$5.0M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.552	−0.017%	$340K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.544	−0.025%	$16.2M	$63.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.539	−0.031%	$3.1M	$11.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.501	−0.072%	$77K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.500	−0.073%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.511	−0.060%	$7.6M	$48.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.585	+0.018%	$2.04B	$666.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.527	−0.044%	$8.7M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.547	−0.022%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.536	−0.034%	$375.0M	$911.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.576	+0.009%	$114.7M	$309.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.614	+0.050%	$204K	$3K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.561	−0.007%	$46.5M	$54.0M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.549	−0.020%	$92.1M	$80.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.545	−0.025%	$46.8M	$18.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.571	+0.003%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.582	+0.015%	$7.3M	$10.9M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.649	+0.086%	$28.7M	$56.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.675	+0.114%	$7.6M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.596	+0.030%	$343K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.626	+0.062%	$670K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.574	+0.007%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.527	−0.044%	$490K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.517	−0.055%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.521	−0.051%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.494	−0.079%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.530	−0.041%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.670	+0.109%	$1.4M	$6.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.516	−0.056%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERPshort	+0.0104%	1h	93.539	−0.031%	$395K	$161K	20x
Kalshi KXHYPEPERP	+0.0120%	8h	93.569	+0.001%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.440	−0.137%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.560	−0.009%	$4.8M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	93.496	−0.077%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.554	−0.015%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.529	−0.042%	$16.9M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0340%	1h	93.613	+0.048%	$20.9M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0434%	1h	93.635	+0.072%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDClong	+0.0527%	1h	93.568	long leg	$3.2M	$6.3M	20x