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 −0.021%

Price spread now: dYdX against Vest−0.087%7-day average +0.003% · you buy dearer than you sell

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

Long on Vest Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.087%, 7d avg +0.003%

Together, before fees−0.034%+ Points / potential airdropVest: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.090% cheaper against Vest than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	94.434	0.0100	pay 0.0013% / 1h	7m 06s	—	$243K	5x
Short	dYdX HYPE-USD	94.351	0	get 0.0000% / 1h	7m 06s	$129K	$29K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Vest. 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 VestbpFee dYdXbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$21
Price spread: −0.087% → +0.003%: −$8.99
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$41.99
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; dYdX: live order book, 42 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 dYdX live order book, 42 min ago	36.06 bp	41.1 bp −$41	83.6 bp −$836	187.7 bp −$18.8K	1256.5 bp −$628.3K

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 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	94.216	−0.230%	$200K	$239K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0343%	1h	94.218	−0.229%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.343	−0.096%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0014%	4h	94.385	−0.052%	$147K	$677K	20x	as long as short
Bullet HYPE-USD	−0.0002%	1h	94.421	−0.014%	$113K	$580K	20x	as long as short
dYdX HYPE-USDshort	0.0000%	1h	94.351	−0.087%	$129K	$29K	5x
01 Exchange HYPEUSD	0.0000%	1h	94.425	−0.009%	$87K	$373K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.405	−0.031%	$22K	$291K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	94.410	−0.025%	$63K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	94.346	−0.093%	$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
Bybit HYPEUSDT	+0.0021%	8h	94.380	−0.057%	$319.1M	$286.7M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	94.363	−0.075%	$211K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0027%	8h	94.336	−0.104%	$12.8M	$2.8M	50x	as long as short
Bitget HYPEUSDT	+0.0030%	4h	94.407	−0.028%	$227.7M	$99.4M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0067%	1h	94.300	−0.142%	$711K	$1.2M	10x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	94.262	−0.183%	$5.0M	$30.3M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	94.394	−0.043%	$343K	$158K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.408	−0.028%	$16.4M	$63.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.410	−0.025%	$3.2M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.384	−0.053%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.360	−0.078%	$30K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.349	−0.090%	$7.1M	$49.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.496	+0.066%	$2.07B	$678.9M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.402	−0.034%	$8.8M	$36.6M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.378	−0.059%	$10.2M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.404	−0.032%	$379.4M	$924.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.389	−0.048%	$116.6M	$317.9M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.390	−0.046%	$48.2M	$55.7M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.409	−0.026%	$90.4M	$82.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.410	−0.025%	$46.6M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.391	−0.045%	—	$53.7M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.426	−0.008%	$7.3M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.239	−0.207%	$28.9M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.322	−0.118%	$7.7M	$48.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.302	−0.140%	$344K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.291	−0.151%	$675K	$2.8M	20x	as long as short
Vest HYPE-PERPlong	+0.0100%	1h	94.434	long leg	—	$243K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	94.423	−0.012%	$479K	$2.8M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.666	+0.246%	$80K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	94.390	−0.047%	$16.3M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.480	+0.049%	$33K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.401	−0.035%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.500	+0.070%	$1.4M	$6.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.197	−0.250%	$217K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.384	−0.053%	$18.2M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.388	−0.049%	$399K	$159K	20x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	94.510	+0.081%	$31K	$339K	12x	as long as short
Kalshi KXHYPEPERP	+0.0124%	8h	94.428	−0.006%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.450	+0.017%	$4.7M	$6.1M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0227%	1h	94.481	+0.050%	$7.5M	$4.1M	50x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	94.399	−0.036%	$78K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	94.406	−0.030%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0337%	1h	94.468	+0.037%	$21.1M	$29.6M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.413	−0.022%	$16.9M	$12.3M	75x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	94.430	−0.004%	$3.2M	$6.3M	20x	as long as short