HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0112%/8h= +12.3% APRnext payment +$0.14 per $10,000 · paid last 24h +0.084%

Price spread now: Deribit against 01 Exchange+0.102%7-day average +0.022% · 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−$24as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on 01 Exchange Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.102%, 7d avg +0.022%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.080% dearer against 01 Exchange than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange HYPEUSD	95.199	−0.0112	get 0.0014% / 1h	28m 26s	$102K	$344K	20x
Short	Deribit HYPE_USDC-PERPETUAL	95.296	0	get 0.0000% / 1h	28m 26s	$7.5M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against 01 Exchange. 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 01 ExchangebpFee DeribitbpOrdersPrice spread, now +0.102%Rate

Funding earned: $23.52
Price spread: +0.102% → +0.022%: $8.02
Slippage, 4 orders: −$18.35
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$0.82
Costs to cover: 0.324%
Break-even: 7.2 days

Slippage from 01 Exchange: live order book, 19 min ago; Deribit: live order book, 4 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 01 Exchange live order book, 19 min ago	0.05 bp	9.3 bp −$9	13.8 bp −$138	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	1.05 bp	9.4 bp −$9	14.8 bp −$148	doesn't fit	doesn't fit

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
Phemex HYPEUSDT	−0.0262%	8h	95.173	−0.027%	$13.0M	$2.3M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.250	+0.054%	$18.5M	$35.0M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0192%	1h	95.172	−0.028%	$22K	$17K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0144%	1h	95.345	+0.154%	$218K	$275K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0139%	1h	95.150	−0.051%	$687K	$1.3M	10x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.205	+0.006%	$1.0M	$2.4M	10x	as long as short
01 Exchange HYPEUSDlong	−0.0112%	1h	95.199	long leg	$102K	$344K	20x
Bullet HYPE-USD	−0.0085%	1h	95.201	+0.002%	$113K	$580K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.197	−0.002%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0078%	4h	95.218	+0.020%	$55.3M	$53.6M	75x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin HYPE-PERP	−0.0064%	1h	95.217	+0.019%	$79K	$134K	20x	as long as short
Aster HYPEUSDT	−0.0060%	4h	95.201	+0.002%	$9.0M	$32.7M	300x	as long as short
Lighter HYPE	−0.0056%	1h	95.222	+0.024%	$16.5M	$58.1M	20x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.230	+0.033%	$4.7M	$5.5M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0055%	4h	95.196	−0.003%	$148K	$642K	20x	as long as short
OKX HYPE-USDT-SWAP	−0.0023%	8h	95.161	−0.040%	$119.1M	$303.6M	50x	as long as short
ApeX Omni HYPEUSDT	−0.0017%	1h	95.150	−0.051%	$342K	$901K	50x	as long as short
Phoenix HYPE	−0.0008%	1h	95.062	−0.144%	$202K	$1.1M	10x	as long as short
Bitget HYPEUSDT	−0.0004%	4h	95.172	−0.028%	$228.8M	$85.7M	75x	as long as short
Perpl HYPE	0.0000%	43m	95.245	+0.048%	$24K	$250K	10x	as long as short
Deribit HYPE_USDC-PERPETUALshort	0.0000%	1h	95.296	+0.102%	$7.5M	$4.3M	50x
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.169	−0.032%	$114K	—	150x	as long as short
Popdex HYPEUSDT	+0.0016%	1h	95.206	+0.007%	$275K	$1.0M	50x	as long as short
Bybit HYPEUSDT	+0.0024%	8h	95.186	−0.014%	$321.8M	$263.6M	75x	as long as short
dYdX HYPE-USD	+0.0036%	1h	95.223	+0.025%	$128K	$94K	5x	as long as short
edgeX HYPEUSDC	+0.0048%	4h	95.101	−0.103%	$5.1M	$28.8M	30x	as long as short
MEXC HYPE_USDT	+0.0056%	4h	95.184	−0.016%	$90.0M	$84.0M	100x	as long as short
BingX HYPE-USDT	+0.0058%	4h	95.213	+0.015%	—	$48.9M	—	as long as short
Binance HYPEUSDT	+0.0058%	4h	95.211	+0.012%	$382.9M	$849.2M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0084%	8h	95.208	+0.009%	$340K	$30K	20x	as long as short
StandX HYPE-USD	+0.0090%	1h	95.176	−0.024%	$692K	$2.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.242	+0.045%	$3.4M	$10.1M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	95.229	+0.031%	$403K	$125K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.220	+0.022%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.175	−0.025%	$7.3M	$50.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.244	+0.047%	$10.3M	$13.1M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.174	−0.026%	$230K	$17K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.210	+0.012%	$47.7M	$17.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.176	−0.024%	$7.0M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.093	−0.112%	$29.6M	$52.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.129	−0.074%	$7.7M	$40.5M	10x	as long as short
Vest HYPE-PERP	+0.0100%	1h	95.254	+0.058%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.219	+0.021%	$504K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.242	+0.045%	$33K	$1.4M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.220	+0.022%	$2.1M	$334K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.327	+0.134%	$1.4M	$5.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.174	−0.027%	$18.3M	$39.1M	50x	as long as short
Kalshi KXHYPEPERP	+0.0128%	8h	95.274	+0.079%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.254	+0.058%	$3.1M	$5.2M	20x	as long as short
Hyperliquid HYPE	+0.0202%	1h	95.288	+0.093%	$2.11B	$646.1M	10x	as long as short
BloFin HYPE-USDT	+0.0230%	4h	95.206	+0.007%	$17.4M	$11.4M	75x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	95.141	−0.061%	$85K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.255	+0.059%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.500	+0.316%	$31K	$334K	12x	as long as short