HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: 01 Exchange against SoDEX+0.019%7-day average +0.030% · 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−$28as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on SoDEX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now +0.019%, 7d avg +0.030%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX HYPE-USD	94.316	0.0100	pay 0.0013% / 1h	5m 10s	$2.1M	$1.9M	10x
Short	01 Exchange HYPEUSD	94.334	0	get 0.0000% / 1h	5m 10s	$87K	$372K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.019%Rate

Funding earned: −$21
Price spread: +0.019% → +0.030%: −$1.05
Slippage, 4 orders: −$12.21
Fee SoDEX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$49.25
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; 01 Exchange: live order book, 44 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, 4 min ago	0.11 bp	6.2 bp −$6	11.6 bp −$116	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 44 min ago	0.37 bp	7.1 bp −$7	13.8 bp −$138	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	−0.1304%	1h	94.273	−0.046%	$200K	$239K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0338%	1h	94.298	−0.019%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.427	+0.118%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0014%	4h	94.309	−0.007%	$150K	$681K	20x	as long as short
Bullet HYPE-USD	−0.0001%	1h	94.333	+0.018%	$112K	$580K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.351	+0.038%	$129K	$29K	5x	as long as short
01 Exchange HYPEUSDshort	0.0000%	1h	94.334	+0.019%	$87K	$372K	20x
Perpl HYPE	0.0000%	43m	94.362	+0.048%	$22K	$291K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	94.343	+0.028%	$63K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	94.302	−0.015%	$1.0M	$4.0M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	+0.0016%	4h	94.326	+0.011%	—	$53.7M	—	as long as short
Bybit HYPEUSDT	+0.0021%	8h	94.299	−0.018%	$318.6M	$287.0M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	94.438	+0.129%	$211K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0030%	8h	94.323	+0.007%	$12.8M	$2.8M	50x	as long as short
Bitget HYPEUSDT	+0.0034%	4h	94.324	+0.008%	$227.5M	$99.4M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0067%	1h	94.300	−0.017%	$711K	$1.2M	10x	as long as short
edgeX HYPEUSDC	+0.0092%	4h	94.364	+0.051%	$5.0M	$30.4M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	94.371	+0.059%	$343K	$158K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.327	+0.012%	$16.4M	$63.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.341	+0.027%	$3.2M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.313	−0.003%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.290	−0.028%	$30K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.340	+0.026%	$7.2M	$49.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.432	+0.123%	$2.07B	$679.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.324	+0.008%	$8.8M	$36.6M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.403	+0.093%	$10.2M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.335	+0.020%	$379.1M	$925.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.324	+0.008%	$116.5M	$317.9M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.332	+0.017%	$48.3M	$55.8M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.322	+0.006%	$90.1M	$82.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.331	+0.016%	$46.6M	$18.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.359	+0.046%	$7.3M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.388	+0.077%	$28.9M	$56.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.427	+0.117%	$7.7M	$48.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.375	+0.063%	$345K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.424	+0.115%	$676K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.406	+0.095%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.328	+0.013%	$479K	$2.8M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.311	−0.005%	$80K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	94.295	−0.022%	$16.3M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.447	+0.139%	$33K	$1.6M	20x	as long as short
SoDEX HYPE-USDlong	+0.0100%	1h	94.316	long leg	$2.1M	$1.9M	10x
HTX HYPE-USDT	+0.0100%	4h	94.550	+0.248%	$1.4M	$6.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.197	−0.126%	$217K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.274	−0.045%	$18.2M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.312	−0.004%	$399K	$159K	20x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	94.610	+0.312%	$31K	$339K	12x	as long as short
Kalshi KXHYPEPERP	+0.0123%	8h	94.472	+0.165%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.460	+0.153%	$4.7M	$6.1M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0163%	1h	94.381	+0.069%	$7.5M	$4.1M	50x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	94.305	−0.011%	$78K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	94.340	+0.026%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0337%	1h	94.401	+0.090%	$21.0M	$29.6M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.335	+0.020%	$16.8M	$12.3M	75x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	94.356	+0.042%	$3.2M	$6.3M	20x	as long as short