HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Bulk against Vest−0.066%7-day average +0.038% · you buy dearer than you sell

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

Long on Vest Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.205%−$20 · spread now −0.066%, 7d avg +0.038%

Together, before fees−0.079%+ Points / potential airdropVest: Active · farm board−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.104% cheaper against Vest than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	95.332	0.0075	pay 0.0009% / 1h	56m 11s	—	$80K	5x
Short	Bulk HYPE-USD	95.269	0.0074	get 0.0009% / 1h	56m 11s	$232K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Vest. 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 VestbpFee BulkbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$0.15
Price spread: −0.066% → +0.038%: −$10.38
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$19.53
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bulk: live order book, 55 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 Vest no order-book sample	—	—	—	—	—
Sell Bulk live order book, 55 min ago	0.53 bp	4.3 bp −$4	6.6 bp −$66	14.0 bp −$1,404	43.7 bp −$21.8K

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 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
Hibachi HYPE/USDT-P	−0.1304%	1h	95.234	−0.103%	$213K	$261K	7x	as long as short
Phemex HYPEUSDT	−0.0285%	8h	95.237	−0.099%	$13.0M	$2.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.265	−0.070%	$18.6M	$35.2M	50x	as long as short
Bullet HYPE-USD	−0.0201%	1h	95.266	−0.069%	$114K	$582K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0138%	1h	95.229	−0.107%	$22K	$17K	10x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.262	−0.073%	$1.1M	$2.4M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0116%	1h	95.220	−0.117%	$690K	$1.3M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.191	−0.148%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0070%	4h	95.254	−0.082%	$54.7M	$53.1M	75x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.260	−0.075%	$4.7M	$5.6M	50x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	−0.0048%	1h	95.280	−0.054%	$92K	$346K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0039%	4h	95.237	−0.099%	$148K	$643K	20x	as long as short
Aster HYPEUSDT	−0.0026%	4h	95.266	−0.068%	$9.0M	$32.9M	300x	as long as short
OKX HYPE-USDT-SWAP	−0.0009%	8h	95.246	−0.090%	$119.3M	$304.2M	50x	as long as short
Lighter HYPE	−0.0008%	1h	95.252	−0.083%	$16.3M	$57.4M	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	95.259	−0.076%	$129K	$94K	5x	as long as short
Perpl HYPE	0.0000%	43m	95.283	−0.052%	$24K	$254K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	0.0000%	1h	95.343	+0.012%	$7.5M	$4.3M	50x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.309	−0.024%	$100K	—	150x	as long as short
Phoenix HYPE	+0.0017%	1h	95.204	−0.134%	$201K	$945K	10x	as long as short
Bitget HYPEUSDT	+0.0020%	4h	95.260	−0.075%	$228.9M	$87.1M	75x	as long as short
Bybit HYPEUSDT	+0.0034%	8h	95.268	−0.067%	$321.0M	$266.6M	75x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	95.271	−0.064%	$274K	$1.0M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0074%	8h	95.266	−0.069%	$340K	$35K	20x	as long as short
Bulk HYPE-USDshort	+0.0074%	1h	95.269	−0.066%	$232K	$12K	10x
Vest HYPE-PERPlong	+0.0075%	1h	95.332	long leg	—	$80K	5x
edgeX HYPEUSDC	+0.0095%	4h	95.110	−0.233%	$5.1M	$29.5M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.265	−0.070%	$3.3M	$10.0M	20x	as long as short
MEXC HYPE_USDT	+0.0098%	4h	95.253	−0.083%	$90.7M	$83.0M	100x	as long as short
Binance HYPEUSDT	+0.0098%	4h	95.261	−0.074%	$382.8M	$857.0M	75x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.230	−0.107%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.278	−0.056%	$7.3M	$52.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.295	−0.038%	$10.3M	$13.3M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.257	−0.078%	$48.1M	$17.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	95.280	−0.054%	—	$48.7M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.300	−0.033%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.143	−0.198%	$30.0M	$53.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.256	−0.079%	$7.7M	$39.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.191	−0.148%	$347K	$883K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.243	−0.093%	$693K	$2.8M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.298	−0.035%	$504K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	95.258	−0.077%	$79K	$136K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.345	+0.014%	$33K	$1.4M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.246	−0.090%	$2.1M	$373K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.379	+0.050%	$1.4M	$5.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.224	−0.113%	$18.4M	$39.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.248	−0.088%	$403K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0123%	8h	95.354	+0.023%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.301	−0.032%	$3.2M	$5.5M	20x	as long as short
Hyperliquid HYPE	+0.0142%	1h	95.369	+0.039%	$2.11B	$650.1M	10x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	95.228	−0.109%	$85K	$100K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.297	−0.036%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0339%	4h	95.279	−0.055%	$17.3M	$11.5M	75x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.400	+0.072%	$31K	$334K	12x	as long as short