HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h +0.028%

Price spread now: Injective against RISEx+0.364%7-day average +0.154% · you sell dearer than you buy

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

Long on RISEx Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.611%+$61 on $10k

Price spread, last 3 days (all we have)−0.566%−$57 · spread now +0.364%, 7d avg +0.154%

Together, before fees+0.045%+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.210% dearer against RISEx than usual: you sell high and buy low (spread +0.364% now, against its 7-day average of +0.154%): +$21 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 41 days. Mind the row above: over the last 3 days funding on this pair paid +0.611%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HYPE/USDC	94.147	0.0222	pay 0.0028% / 1h	26m 40s	$2.8M	$6.7M	20x
Short	Injective HYPE/USDC PERP	94.490	0.0205	get 0.0026% / 1h	26m 40s	$31K	$338K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.364%Rate

Funding earned: −$3.6
Price spread: +0.364% → +0.154%: $20.98
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $11.36
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: RISEx: live order book, 2 min ago; Injective: live order book, 47 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 RISEx live order book, 2 min ago	1.91 bp	4.9 bp −$5	6.2 bp −$62	doesn't fit	doesn't fit
Sell Injective live order book, 47 min ago	32.41 bp	doesn't fit	doesn't fit	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	−0.1376%	1h	94.105	−0.044%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	94.011	−0.145%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0224%	1h	94.142	−0.006%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0153%	1h	94.040	−0.114%	$706K	$959K	10x	as long as short
dYdX HYPE-USD	−0.0139%	1h	94.123	−0.026%	$129K	$31K	5x	as long as short
Bullet HYPE-USD	−0.0099%	1h	94.128	−0.021%	$113K	$580K	20x	as long as short
Phemex HYPEUSDT	−0.0097%	8h	94.105	−0.045%	$12.8M	$2.6M	50x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.142	−0.006%	$86K	$359K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.124	−0.025%	$3K	$331	25x	as long as short
Bybit HYPEUSDT	−0.0020%	8h	94.140	−0.008%	$323.3M	$280.6M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0019%	4h	94.096	−0.054%	$160K	$645K	20x	as long as short
Gate HYPE_USDT	−0.0010%	4h	94.117	−0.032%	$44.5M	$59.8M	75x	as long as short
Perpl HYPE	0.0000%	43m	94.139	−0.009%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.157	+0.011%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0020%	4h	94.113	−0.037%	$8.9M	$36.1M	300x	as long as short
Phoenix HYPE	+0.0034%	1h	94.121	−0.028%	$219K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0040%	1h	94.081	−0.070%	$16.4M	$7.3M	10x	as long as short
MEXC HYPE_USDT	+0.0048%	4h	94.147	0.000%	$89.3M	$82.7M	100x	as long as short
Binance HYPEUSDT	+0.0049%	4h	94.152	+0.005%	$384.0M	$893.2M	75x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	94.004	−0.152%	$5.1M	$29.9M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0079%	8h	94.157	+0.010%	$116.1M	$318.6M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.186	+0.042%	$19.2M	$59.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.169	+0.023%	$3.0M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.137	−0.011%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.114	−0.035%	$400K	$180K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.195	+0.051%	$342K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.100	−0.050%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.084	−0.068%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.237	+0.095%	$2.05B	$677.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.173	+0.027%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.154	+0.007%	$46.6M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.145	−0.002%	$228.3M	$100.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.126	−0.022%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.143	−0.004%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.030	−0.124%	$31.5M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.088	−0.063%	$7.6M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.057	−0.096%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.137	−0.011%	$681K	$2.6M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.146	−0.001%	$480K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.119	−0.030%	$76K	$170K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.216	+0.073%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.125	−0.024%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.151	+0.004%	$205K	$2K	10x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.158	+0.012%	—	$243K	5x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.113	−0.036%	$18.8M	$44.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.030	−0.124%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0198%	4h	94.138	−0.010%	$17.0M	$12.2M	75x	as long as short
Injective HYPE/USDC PERPshort	+0.0205%	1h	94.490	+0.364%	$31K	$338K	12x
RISEx HYPE/USDClong	+0.0222%	1h	94.147	long leg	$2.8M	$6.7M	20x
Kalshi KXHYPEPERP	+0.0224%	8h	94.187	+0.042%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.130	−0.019%	$79K	$142K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0155%	1h	94.159	+0.012%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0417%	4h	94.294	+0.156%	$1.5M	$6.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0440%	1h	94.221	+0.078%	$7.5M	$4.7M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0670%	1h	94.225	+0.083%	$21.0M	$29.7M	50x	as long as short