HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.025%

Price spread now: Pacifica against 01 Exchange+0.102%55s7-day average −0.015% · 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—prices read too far apart to compare

costs, in and out, $10k−$210.214% of the position

Long on 01 Exchange Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.225%−$22 · spread now +0.102%, 7d avg −0.015%

Together, before fees−0.192%+ Points / potential airdropPacifica: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Pacifica is 0.117% dearer against 01 Exchange than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.015%. The two prices were read 55 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	01 Exchange HYPEUSD	94.124	0.0080	pay 0.0010% / 1h	48m 42s	$86K	$364K	20x
Short	Pacifica HYPE	94.220	0.0100	get 0.0013% / 1h	48m 42s	$10.2M	$14.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.102%Rate

Funding earned: $4.2
Price spread: +0.102% → −0.015%: $11.72
Slippage, 4 orders: −$6.42
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$5.5
Costs to cover: 0.214%
Break-even: 16.2 days

Slippage from 01 Exchange: live order book, 30 min ago; Pacifica: live order book, 5 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, 30 min ago	0.11 bp	6.3 bp −$6	10.2 bp −$102	doesn't fit	doesn't fit
Sell Pacifica live order book, 5 min ago	0.05 bp	4.5 bp −$4	doesn't fit	doesn't fit	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	−0.0608%	1h	94.035	−0.095%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0460%	1h	93.968	−0.166%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	94.106	−0.019%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.129	+0.005%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.189	+0.069%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.114	−0.010%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.180	+0.059%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	94.176	+0.055%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0013%	4h	94.134	+0.011%	$176K	$526K	20x	as long as short
Bybit HYPEUSDT	+0.0022%	8h	94.166	+0.045%	$324.9M	$281.3M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0040%	4h	94.230	+0.113%	$9.0M	$35.8M	300x	as long as short
Ondo Perps HYPE-USD.P	+0.0059%	1h	94.020	−0.110%	$704K	$907K	10x	as long as short
Phemex HYPEUSDT	+0.0062%	8h	94.101	−0.024%	$12.8M	$2.6M	50x	as long as short
Gate HYPE_USDT	+0.0074%	4h	94.226	+0.108%	$44.4M	$58.1M	75x	as long as short
MEXC HYPE_USDT	+0.0074%	4h	94.196	+0.076%	$88.2M	$80.9M	100x	as long as short
Binance HYPEUSDT	+0.0076%	4h	94.223	+0.105%	$386.1M	$889.2M	75x	as long as short
01 Exchange HYPEUSDlong	+0.0080%	1h	94.124	long leg	$86K	$364K	20x
Derive HYPE-PERP	+0.0095%	1h	94.085	−0.041%	$16.5M	$6.9M	10x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	94.085	−0.042%	$5.1M	$29.8M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.232	+0.115%	$19.1M	$59.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.225	+0.107%	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.135	+0.012%	$64K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.195	+0.075%	$342K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.120	−0.004%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.109	−0.015%	$5.8M	$44.2M	10x	as long as short
Pacifica HYPEshort	+0.0100%	1h	94.220	+0.102%	$10.2M	$14.5M	20x
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.171	+0.050%	$116.1M	$319.0M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.095	−0.030%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.211	+0.092%	$47.3M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.183	+0.063%	$228.1M	$102.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.225	+0.107%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.193	+0.073%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.073	−0.054%	$32.2M	$53.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.128	+0.005%	$7.6M	$45.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.127	+0.003%	$336K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.082	−0.045%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.169	+0.048%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.190	+0.070%	$486K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	94.160	+0.038%	$113K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.128	+0.004%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.193	+0.073%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.160	+0.038%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.090	−0.036%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.200	+0.080%	$18.7M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.166	+0.045%	$401K	$318K	20x	as long as short
Kalshi KXHYPEPERP	+0.0124%	8h	94.192	+0.072%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.190	+0.070%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0231%	4h	94.317	+0.205%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	94.160	+0.038%	$77K	$142K	15x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.166	+0.045%	$2.8M	$6.8M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0302%	1h	94.244	+0.127%	$7.4M	$4.5M	50x	as long as short
BloFin HYPE-USDT	+0.0303%	4h	94.117	−0.007%	$17.0M	$12.3M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0341% / S −0.0165%	1h	94.145	+0.023%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0576%	1h	94.256	+0.140%	$21.1M	$29.1M	50x	as long as short
Hyperliquid HYPE	+0.0714%	1h	94.302	+0.189%	$2.06B	$667.5M	10x	as long as short