HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0144%/8h= −15.7% APRnext payment −$1.44 per $10,000 · paid last 24h −0.012%

Price spread now: OKX against Variational Omni+0.002%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 Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.031%−$3 on $10k

Price spread, last 7 days+0.022%+$2 · spread now +0.002%, 7d avg +0.017%

Together, before fees−0.009%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HYPE	94.740	0.0100	pay 0.0100% / 8h	4h 48m	$30.0M	$52.4M	—
Short	OKX HYPE-USDT-SWAP	94.742	−0.0044	pay 0.0044% / 8h	4h 48m	$118.9M	$303.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Variational Omni. 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 Variational OmnibpFee OKXbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$30.19
Price spread: +0.002% → +0.017%: −$1.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$41.65
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; OKX: live order book, 4 min ago. 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 Variational Omni RFQ quote, 4 min ago	0.45 bp	doesn't fit	3.4 bp −$34	12.4 bp −$1,243	doesn't fit
Sell OKX live order book, 4 min ago	0.05 bp	5.1 bp −$5	7.4 bp −$74	15.2 bp −$1,523	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
Kraken Futures PF_HYPEUSD	−0.0282%	1h	94.632	−0.114%	$18.2M	$32.7M	50x	as long as short
Bluefin HYPE-PERP	−0.0247%	1h	94.557	−0.193%	$79K	$131K	20x	as long as short
Phemex HYPEUSDT	−0.0231%	8h	94.648	−0.097%	$12.9M	$2.2M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0196%	1h	94.770	+0.032%	$677K	$1.3M	10x	as long as short
Lighter HYPE	−0.0120%	1h	94.886	+0.154%	$16.5M	$55.3M	20x	as long as short
Aster HYPEUSDT	−0.0104%	4h	94.791	+0.054%	$9.0M	$34.6M	300x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	94.832	+0.097%	$102K	$351K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.894	+0.163%	$3K	$421	25x	as long as short
Gate HYPE_USDT	−0.0076%	4h	94.867	+0.134%	$55.9M	$52.7M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0075%	4h	94.582	−0.167%	$147K	$643K	20x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International HYPE-PERP-INTX	−0.0064%	1h	94.620	−0.127%	$4.7M	$5.4M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0058%	1h	94.948	+0.219%	$22K	$17K	10x	as long as short
OKX HYPE-USDT-SWAPshort	−0.0044%	8h	94.742	+0.002%	$118.9M	$303.9M	50x
Bitget HYPEUSDT	−0.0028%	4h	94.775	+0.037%	$229.6M	$86.1M	75x	as long as short
Phoenix HYPE	−0.0017%	1h	94.778	+0.040%	$199K	$1.1M	10x	as long as short
Bullet HYPE-USD	−0.0004%	1h	94.635	−0.111%	$113K	$585K	20x	as long as short
ApeX Omni HYPEUSDT	−0.0001%	1h	94.773	+0.035%	$323K	$924K	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.871	+0.138%	$128K	$96K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.643	−0.102%	$24K	$248K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.640	−0.105%	$99K	—	150x	as long as short
Derive HYPE-PERP	+0.0016%	1h	94.541	−0.210%	$16.3M	$7.0M	10x	as long as short
edgeX HYPEUSDC	+0.0021%	4h	94.769	+0.031%	$5.0M	$28.0M	30x	as long as short
Binance HYPEUSDT	+0.0026%	4h	94.856	+0.122%	$382.5M	$851.5M	75x	as long as short
Bybit HYPEUSDT	+0.0027%	8h	94.814	+0.078%	$320.0M	$263.3M	75x	as long as short
MEXC HYPE_USDT	+0.0028%	4h	94.893	+0.162%	$88.6M	$82.7M	100x	as long as short
BingX HYPE-USDT	+0.0034%	4h	94.845	+0.111%	—	$49.7M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0041%	1h	94.662	−0.082%	$6.8M	$12.3M	20x	as long as short
SoDEX HYPE-USD	+0.0055%	1h	94.740	0.000%	$2.1M	$335K	10x	as long as short
Lighter RH HYPE	+0.0056%	1h	94.874	+0.142%	$3.2M	$9.9M	20x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	94.822	+0.087%	$273K	$1.0M	50x	as long as short
KuCoin HYPEUSDTM	+0.0084%	4h	94.893	+0.162%	$47.4M	$17.7M	75x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	94.586	−0.162%	$400K	$125K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	94.912	+0.182%	$339K	$31K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	94.740	0.000%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.785	+0.048%	$7.2M	$50.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.904	+0.173%	$2.10B	$643.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.915	+0.185%	$10.2M	$12.8M	20x	as long as short
Arcus HYPE-USD	+0.0100%	1h	94.848	+0.114%	$1.0M	$2.8M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.036	+0.313%	$228K	$20K	10x	as long as short
Variational Omni HYPElong	+0.0100%	8h	94.740	long leg	$30.0M	$52.4M	—
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.770	+0.031%	$7.7M	$41.1M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.854	+0.120%	$690K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.843	+0.108%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.825	+0.090%	$491K	$2.4M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.657	−0.087%	$32K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.751	+0.012%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.795	+0.058%	$18.1M	$37.6M	50x	as long as short
BloFin HYPE-USDT	+0.0116%	4h	94.606	−0.141%	$17.5M	$11.5M	75x	as long as short
Kalshi KXHYPEPERP	+0.0118%	8h	94.721	−0.020%	$1.8M	$5.1M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0120%	1h	94.694	−0.048%	$7.5M	$4.2M	50x	as long as short
RISEx HYPE/USDC	+0.0138%	1h	94.840	+0.106%	$3.1M	$5.2M	20x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	94.749	+0.010%	$84K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	94.662	−0.083%	$1.4M	—	100x	as long as short
Hibachi HYPE/USDT-P	+0.1000%	1h	94.909	+0.178%	$214K	$277K	7x	as long as short
Injective HYPE/USDC PERP	+0.1234%	1h	95.420	+0.718%	$31K	$334K	12x	as long as short