HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against SoDEX+0.052%7-day average +0.040% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$150.152% of the position

Long on SoDEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.323%+$32 · spread now +0.052%, 7d avg +0.040%

Together, before fees+0.326%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX HYPE-USD	93.710	0.0100	pay 0.0013% / 1h	32m 17s	$2.0M	$2.0M	10x
Short	Lighter HYPE	93.759	0.0096	get 0.0012% / 1h	32m 17s	$18.9M	$57.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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 SoDEXbpFee LighterbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$0.84
Price spread: +0.052% → +0.040%: $1.24
Slippage, 4 orders: −$7.21
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.81
Costs to cover: 0.152%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; Lighter: live order book, 7 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 SoDEX live order book, 2 min ago	0.05 bp	7.2 bp −$7	13.6 bp −$136	100.0 bp −$10.0K	doesn't fit
Sell Lighter live order book, 7 min ago	0.55 bp	0.6 bp −$1	3.8 bp −$38	14.5 bp −$1,448	48.4 bp −$24.2K

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	−0.1320%	1h	93.395	−0.336%	$196K	$237K	7x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.681	−0.031%	$3K	$331	25x	as long as short
Aftermath Perps HYPEUSD	−0.0046%	1h	93.390	−0.342%	$22K	$22K	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.723	+0.014%	$128K	$33K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.812	+0.109%	$1.9M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.693	−0.018%	$23K	$352K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0005%	1h	93.650	−0.064%	$44K	—	150x	as long as short
01 Exchange HYPEUSD	+0.0016%	1h	93.688	−0.023%	$89K	$327K	20x	as long as short
Aster HYPEUSDT	+0.0018%	4h	93.672	−0.040%	$9.0M	$36.4M	300x	as long as short
Gate HYPE_USDT	+0.0020%	4h	93.647	−0.067%	$44.2M	$56.0M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	+0.0056%	8h	93.678	−0.034%	$326.1M	$285.1M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0066%	1h	93.838	+0.137%	$18.6M	$24.0M	50x	as long as short
Orderly PERP_HYPE_USDC	+0.0093%	4h	93.709	−0.001%	$182K	$505K	20x	as long as short
Phoenix HYPE	+0.0094%	1h	93.461	−0.266%	$205K	$1.1M	10x	as long as short
Lighter HYPEshort	+0.0096%	1h	93.759	+0.052%	$18.9M	$57.7M	20x
Lighter RH HYPE	+0.0096%	1h	93.744	+0.036%	$3.1M	$12.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.666	−0.047%	$56K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.710	0.000%	$25K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.703	−0.007%	$6.0M	$44.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.706	−0.005%	$10.0M	$14.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.706	−0.004%	$391.1M	$876.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.663	−0.050%	$114.6M	$316.1M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	93.630	−0.085%	$701K	$951K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.643	−0.071%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.684	−0.027%	$205K	$9K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.642	−0.073%	$90.5M	$81.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.666	−0.047%	$46.4M	$19.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.706	−0.004%	$227.2M	$102.3M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.672	−0.041%	—	$54.3M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.713	+0.003%	$8.0M	$11.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.336	−0.399%	$28.7M	$49.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.371	−0.362%	$7.5M	$45.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.462	−0.265%	$457K	$934K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.497	−0.227%	$676K	$2.3M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.682	−0.030%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.703	−0.007%	$468K	$2.6M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.647	−0.067%	$112K	$574K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.716	+0.006%	$76K	$169K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.689	−0.022%	$16.4M	$6.9M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.672	−0.041%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDlong	+0.0100%	1h	93.710	long leg	$2.0M	$2.0M	10x
Phemex HYPEUSDT	+0.0100%	8h	93.677	−0.035%	$12.7M	$2.5M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0101%	8h	93.720	+0.011%	$341K	$171K	20x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.710	0.000%	$18.2M	$40.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.714	+0.004%	$399K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0110%	4h	93.333	−0.402%	$5.0M	$28.8M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.700	−0.011%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0243%	1h	93.644	−0.070%	$77K	$157K	15x	as long as short
Injective HYPE/USDC PERP	+0.0254%	1h	93.730	+0.021%	$30K	$182K	12x	as long as short
Hyperliquid HYPE	+0.0301%	1h	93.742	+0.034%	$2.04B	$659.7M	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.601	−0.116%	$17.3M	$12.3M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0342% / S −0.0168%	1h	93.631	−0.085%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0390%	1h	93.814	+0.111%	$7.4M	$4.6M	50x	as long as short
RISEx HYPE/USDC	+0.0422%	1h	93.746	+0.039%	$2.8M	$6.7M	20x	as long as short
HTX HYPE-USDT	+0.0476%	4h	93.900	+0.203%	$1.5M	$7.5M	75x	as long as short