HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0075%/8h= +8.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.058%

Price spread now: BloFin against SunX+0.061%175s7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.706% of the position

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.452%+$45 on $10k

Price spread, last 3 days (all we have)−0.186%−$19 · spread now +0.061%, 7d avg −0.056%

Together, before fees+0.266%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.118% dearer against SunX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.056%. The two prices were read 175 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	SunX HYPE-USDT	93.350	0.0100	pay 0.0050% / 4h	2h 45m	$32K	$1.6M	20x
Short	BloFin HYPE-USDT	93.407	0.0175	get 0.0088% / 4h	2h 45m	$17.0M	$12.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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 SunXbpFee BloFinbpOrdersPrice spread, now +0.061%Rate

Funding earned: $15.84
Price spread: +0.061% → −0.056%: $11.75
Slippage, 4 orders: −$50.57
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$42.97
Costs to cover: 0.706%
Break-even: 26.0 days

Slippage from SunX: live order book, 9 min ago; BloFin: live order book, 3 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 SunX live order book, 9 min ago	19.33 bp	24.1 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.05 bp	6.6 bp −$7	6.8 bp −$68	8.7 bp −$868	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	−0.1048%	1h	93.365	+0.016%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.182	−0.180%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0186%	1h	93.361	+0.012%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0124%	1h	93.240	−0.118%	$698K	$977K	10x	as long as short
Backpack HYPE_USDC_PERP	−0.0118%	1h	93.254	−0.103%	$7.8M	$10.4M	20x	as long as short
Gate HYPE_USDT	−0.0084%	4h	93.285	−0.070%	$44.2M	$53.9M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.376	+0.028%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	93.315	−0.037%	$84K	$361K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0052%	4h	93.269	−0.087%	$158K	$646K	20x	as long as short
Phemex HYPEUSDT	−0.0051%	8h	93.331	−0.020%	$12.7M	$2.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	−0.0026%	4h	93.289	−0.066%	$8.9M	$36.2M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.318	−0.035%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.325	−0.027%	$22K	$333K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.318	−0.035%	$26K	—	150x	as long as short
Bluefin HYPE-PERP	+0.0006%	1h	93.269	−0.087%	$79K	$174K	20x	as long as short
Bybit HYPEUSDT	+0.0011%	8h	93.225	−0.134%	$319.0M	$283.2M	75x	as long as short
BingX HYPE-USDT	+0.0016%	4h	93.289	−0.065%	—	$54.3M	—	as long as short
Bullet HYPE-USD	+0.0027%	1h	93.285	−0.070%	$111K	$579K	20x	as long as short
MEXC HYPE_USDT	+0.0044%	4h	93.236	−0.122%	$88.1M	$82.4M	100x	as long as short
Binance HYPEUSDT	+0.0044%	4h	93.268	−0.087%	$380.2M	$905.2M	75x	as long as short
Derive HYPE-PERP	+0.0058%	1h	93.257	−0.100%	$16.2M	$7.6M	10x	as long as short
Phoenix HYPE	+0.0060%	1h	93.190	−0.171%	$212K	$1.2M	10x	as long as short
edgeX HYPEUSDC	+0.0062%	4h	93.437	+0.093%	$5.1M	$29.9M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0064%	8h	93.234	−0.124%	$114.9M	$315.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.317	−0.036%	$16.4M	$62.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.315	−0.037%	$3.1M	$11.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.329	−0.022%	$65K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.271	−0.085%	$397K	$177K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.397	+0.050%	$339K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.360	+0.011%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.284	−0.071%	$6.6M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.387	+0.040%	$2.04B	$675.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.345	−0.005%	$10.0M	$14.7M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.404	+0.057%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.293	−0.061%	$46.0M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.248	−0.109%	$225.7M	$100.7M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.241	−0.117%	$30.9M	$55.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.420	+0.075%	$7.5M	$47.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.460	+0.118%	$338K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.428	+0.084%	$667K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.356	+0.006%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.326	−0.026%	$467K	$2.5M	20x	as long as short
SunX HYPE-USDTlong	+0.0100%	4h	93.350	long leg	$32K	$1.6M	20x
SoDEX HYPE-USD	+0.0100%	1h	93.292	−0.062%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.210	−0.150%	$18.4M	$44.4M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.410	+0.064%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.250	−0.107%	$30K	$338K	12x	as long as short
BloFin HYPE-USDTshort	+0.0175%	4h	93.407	+0.061%	$17.0M	$12.1M	75x
RISEx HYPE/USDC	+0.0210%	1h	93.367	+0.018%	$2.7M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0253%	1h	93.290	−0.064%	$79K	$142K	15x	as long as short
HTX HYPE-USDT	+0.0256%	4h	93.464	+0.122%	$1.4M	$6.1M	75x	as long as short
Kalshi KXHYPEPERP	+0.0260%	8h	93.305	−0.048%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0158%	1h	93.314	−0.038%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0457%	1h	93.402	+0.056%	$7.5M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0683%	1h	93.377	+0.029%	$20.8M	$30.0M	50x	as long as short