HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h −0.077%

Price spread now: Vest against RISEx+0.052%7-day average −0.017% · you sell dearer than you buy

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

Long on RISEx Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.268%−$27 on $10k

Price spread, last 4 days (all we have)+1.026%+$103 · spread now +0.052%, 7d avg −0.017%

Together, before fees+0.758%+ Points / potential airdropVest: Active · farm board+$76 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.069% dearer against RISEx than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.017%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 4 days (−0.268% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HYPE/USDC	94.597	0.0133	pay 0.0017% / 1h	59m 21s	$3.2M	$6.4M	20x
Short	Vest HYPE-PERP	94.647	0.0076	get 0.0010% / 1h	59m 21s	—	$190K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$11.95
Price spread: +0.052% → −0.017%: $6.93
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Vest: 1 bp × 2 orders: −$2
Net: −$13.02
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 5 min ago; Vest: no order-book sample. 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, 5 min ago	0.58 bp	3.6 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPE on 54 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	−0.1488%	1h	94.543	−0.057%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0468%	1h	94.554	−0.046%	$80K	$151K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0224%	1h	94.543	−0.057%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.587	−0.011%	$87K	$364K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.620	+0.024%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.632	+0.036%	$20.3M	$30.2M	50x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.582	−0.016%	$1.0M	$3.5M	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0007%	4h	94.573	−0.026%	$147K	$686K	20x	as long as short
Derive HYPE-PERP	−0.0001%	1h	94.468	−0.137%	$16.3M	$7.3M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.679	+0.086%	$130K	$94K	5x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXHYPEPERP	0.0000%	8h	94.704	+0.113%	$1.9M	$5.5M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.567	−0.032%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.612	+0.015%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.610	+0.013%	$124K	—	150x	as long as short
Bitget HYPEUSDT	+0.0014%	4h	94.584	−0.014%	$227.1M	$100.5M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.640	+0.045%	$4.7M	$6.2M	50x	as long as short
Bullet HYPE-USD	+0.0023%	1h	94.607	+0.010%	$112K	$575K	20x	as long as short
Ondo Perps HYPE-USD.P	+0.0027%	1h	94.570	−0.029%	$712K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0037%	8h	94.599	+0.002%	$12.9M	$2.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0047%	8h	94.665	+0.071%	$338K	$154K	20x	as long as short
Lighter HYPE	+0.0048%	1h	94.633	+0.038%	$16.3M	$61.6M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0064%	8h	94.569	−0.030%	$117.8M	$326.5M	50x	as long as short
Lighter RH HYPE	+0.0064%	1h	94.610	+0.013%	$3.2M	$10.1M	20x	as long as short
Vest HYPE-PERPshort	+0.0076%	1h	94.647	+0.052%	—	$190K	5x
Gate HYPE_USDT	+0.0078%	4h	94.556	−0.044%	$50.7M	$53.4M	75x	as long as short
edgeX HYPEUSDC	+0.0084%	4h	94.460	−0.145%	$5.0M	$30.7M	30x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.569	−0.030%	$85K	$1.2M	50x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.605	+0.008%	$7.2M	$52.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.668	+0.075%	$2.08B	$689.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.603	+0.006%	$8.9M	$37.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.673	+0.080%	$10.2M	$14.8M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.638	+0.043%	$379.5M	$934.2M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	94.572	−0.027%	$318.0M	$288.3M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.428	−0.179%	$218K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.579	−0.020%	$93.8M	$84.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.561	−0.039%	$46.8M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.565	−0.034%	—	$53.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.552	−0.048%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.532	−0.069%	$29.7M	$55.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.577	−0.022%	$7.6M	$44.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.461	−0.144%	$350K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.532	−0.069%	$695K	$2.6M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.647	+0.052%	$499K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.678	+0.085%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.596	−0.002%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.692	+0.100%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.566	−0.033%	$18.4M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.617	+0.021%	$400K	$153K	20x	as long as short
RISEx HYPE/USDClong	+0.0133%	1h	94.597	long leg	$3.2M	$6.4M	20x
Injective HYPE/USDC PERP	+0.0153%	1h	94.840	+0.256%	$31K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.574	−0.025%	$83K	$121K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0327% / S −0.0152%	1h	94.624	+0.028%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.604	+0.007%	$17.1M	$12.4M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0352%	1h	94.689	+0.097%	$7.5M	$4.3M	50x	as long as short