HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.073%

Price spread now: StandX against RISEx−0.013%67s7-day average +0.002% · 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—prices read too far apart to compare

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

Long on RISEx Short on StandX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.150%−$15 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.013%, 7d avg +0.002%

Together, before fees−0.141%+ Points / potential airdropStandX: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HYPE/USDC	95.280	0.0133	pay 0.0017% / 1h	3m 21s	$3.1M	$5.2M	20x
Short	StandX HYPE-USD	95.268	0.0100	get 0.0013% / 1h	3m 21s	$693K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$6.96
Price spread: −0.013% → +0.002%: −$1.49
Slippage, 4 orders: −$11.92
Fee RISEx: 3 bp × 2 orders: −$6
Fee StandX: 4 bp × 2 orders: −$8
Net: −$34.37
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; StandX: live order book, 4 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, 4 min ago	1.68 bp	4.7 bp −$5	7.0 bp −$70	doesn't fit	doesn't fit
Sell StandX live order book, 4 min ago	3.52 bp	9.0 bp −$9	10.2 bp −$102	17.1 bp −$1,711	doesn't fit

HYPE on 55 exchanges

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
Phemex HYPEUSDT	−0.0293%	8h	95.207	−0.077%	$13.0M	$2.3M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.243	−0.039%	$18.5M	$34.6M	50x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.238	−0.044%	$1.1M	$2.7M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0101%	1h	95.235	−0.047%	$22K	$17K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0094%	1h	95.210	−0.074%	$678K	$1.3M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.187	−0.098%	$3K	$421	25x	as long as short
Aster HYPEUSDT	−0.0077%	4h	95.211	−0.072%	$9.1M	$34.3M	300x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	95.236	−0.047%	$100K	$348K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0065%	4h	95.183	−0.102%	$148K	$642K	20x	as long as short
Bluefin HYPE-PERP	−0.0062%	1h	95.200	−0.084%	$79K	$132K	20x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0062%	4h	95.191	−0.094%	$55.8M	$54.1M	75x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.270	−0.011%	$4.8M	$5.5M	50x	as long as short
Bullet HYPE-USD	−0.0050%	1h	95.214	−0.070%	$113K	$582K	20x	as long as short
OKX HYPE-USDT-SWAP	−0.0035%	8h	95.181	−0.104%	$119.4M	$303.7M	50x	as long as short
Bitget HYPEUSDT	−0.0024%	4h	95.194	−0.091%	$230.5M	$86.3M	75x	as long as short
Phoenix HYPE	−0.0008%	1h	95.308	+0.029%	$200K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	95.221	−0.062%	$24K	$251K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.279	−0.001%	$100K	—	150x	as long as short
Lighter HYPE	+0.0008%	1h	95.233	−0.050%	$16.7M	$59.0M	20x	as long as short
Derive HYPE-PERP	+0.0014%	1h	95.000	−0.294%	$16.4M	$7.0M	10x	as long as short
Bybit HYPEUSDT	+0.0036%	8h	95.210	−0.074%	$321.4M	$263.0M	75x	as long as short
edgeX HYPEUSDC	+0.0038%	4h	95.230	−0.052%	$5.1M	$28.1M	30x	as long as short
BingX HYPE-USDT	+0.0044%	4h	95.211	−0.073%	—	$49.2M	—	as long as short
MEXC HYPE_USDT	+0.0050%	4h	95.201	−0.083%	$90.3M	$85.0M	100x	as long as short
Binance HYPEUSDT	+0.0051%	4h	95.204	−0.080%	$384.4M	$849.7M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0054%	1h	95.301	+0.022%	$7.5M	$4.2M	50x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	95.213	−0.071%	$275K	$999K	50x	as long as short
dYdX HYPE-USD	+0.0063%	1h	95.285	+0.005%	$128K	$96K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0090%	8h	95.230	−0.053%	$340K	$30K	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.253	−0.029%	$3.2M	$10.4M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	95.218	−0.066%	$403K	$125K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.180	−0.105%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.201	−0.083%	$7.3M	$50.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.250	−0.032%	$10.3M	$13.0M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.260	−0.021%	$229K	$20K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.203	−0.081%	$47.6M	$17.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.204	−0.080%	$6.9M	$12.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.230	−0.053%	$29.7M	$52.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.278	−0.002%	$7.7M	$41.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.246	−0.036%	$324K	$926K	50x	as long as short
StandX HYPE-USDshort	+0.0100%	1h	95.268	−0.013%	$693K	$2.6M	20x
Vest HYPE-PERP	+0.0100%	1h	95.282	+0.002%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.222	−0.061%	$499K	$2.4M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.347	+0.070%	$33K	$1.4M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.224	−0.059%	$2.1M	$335K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.360	+0.084%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.170	−0.116%	$18.3M	$38.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0121%	8h	95.315	+0.036%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDClong	+0.0133%	1h	95.280	long leg	$3.1M	$5.2M	20x
Hyperliquid HYPE	+0.0152%	1h	95.320	+0.042%	$2.11B	$644.0M	10x	as long as short
BloFin HYPE-USDT	+0.0185%	4h	95.264	−0.017%	$17.4M	$11.6M	75x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	95.197	−0.087%	$85K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.292	+0.012%	$1.4M	—	100x	as long as short
Hibachi HYPE/USDT-P	+0.0856%	1h	95.348	+0.071%	$215K	$279K	7x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.600	+0.335%	$31K	$334K	12x	as long as short