HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0799%/8h= +87.5% APRnext payment +$1.00 per $10,000 · paid last 24h +0.071%

Price spread now: RISEx against 01 Exchange+0.067%7-day average −0.010% · 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−$17as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on 01 Exchange Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.162%+$16 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.067%, 7d avg −0.010%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and RISEx is 0.077% 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 −0.010%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.162% in total (about 16.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.00 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange HYPEUSD	92.420	−0.0112	get 0.0014% / 1h	40m 03s	$85K	$355K	20x
Short	RISEx HYPE/USDC	92.482	0.0687	get 0.0086% / 1h	40m 03s	$3.1M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.067%Rate

Funding earned: $167.73
Price spread: +0.067% → −0.010%: $7.7
Slippage, 4 orders: −$11.23
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $151.2
Costs to cover: 0.242%
Break-even: 0.7 days

Slippage from 01 Exchange: live order book, 19 min ago; RISEx: 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	8.0 bp −$8	17.0 bp −$170	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	1.57 bp	4.6 bp −$5	5.7 bp −$57	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
Arcus HYPE-USD	−0.0948%	1h	92.261	−0.172%	$1.2M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0472%	1h	92.299	−0.131%	$193K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0170%	1h	92.346	−0.081%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSDlong	−0.0112%	1h	92.420	long leg	$85K	$355K	20x
Hotstuff HYPE-PERP	−0.0080%	1h	92.408	−0.013%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0070%	4h	92.353	−0.072%	$157K	$663K	20x	as long as short
Bullet HYPE-USD	−0.0054%	1h	92.361	−0.063%	$110K	$579K	20x	as long as short
Aster HYPEUSDT	−0.0003%	4h	92.397	−0.025%	$8.7M	$36.4M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.401	−0.021%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.400	−0.022%	$22K	$310K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.387	−0.036%	$61K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0010%	1h	92.340	−0.087%	$695K	$1.1M	10x	as long as short
BingX HYPE-USDT	+0.0030%	4h	92.359	−0.066%	—	$53.3M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.246	−0.188%	$209K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0052%	8h	92.350	−0.076%	$315.8M	$281.3M	75x	as long as short
Phemex HYPEUSDT	+0.0054%	8h	92.392	−0.030%	$12.5M	$2.7M	50x	as long as short
Gate HYPE_USDT	+0.0058%	4h	92.357	−0.068%	$44.3M	$54.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0078%	8h	92.348	−0.078%	$113.0M	$302.2M	50x	as long as short
MEXC HYPE_USDT	+0.0080%	4h	92.362	−0.063%	$87.1M	$80.5M	100x	as long as short
Binance HYPEUSDT	+0.0081%	4h	92.363	−0.062%	$370.2M	$900.5M	75x	as long as short
Derive HYPE-PERP	+0.0084%	1h	92.342	−0.085%	$16.0M	$7.5M	10x	as long as short
edgeX HYPEUSDC	+0.0089%	4h	92.287	−0.144%	$4.9M	$29.5M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	92.430	+0.011%	$338K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.381	−0.042%	$16.0M	$62.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.389	−0.034%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.412	−0.009%	$68K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.380	−0.043%	$39K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.385	−0.038%	$6.7M	$44.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.410	−0.011%	$2.01B	$666.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.408	−0.013%	$10.0M	$15.0M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.245	−0.189%	$201K	$13K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.388	−0.035%	$45.8M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.348	−0.078%	$224.0M	$98.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.360	−0.065%	$7.3M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.258	−0.175%	$28.3M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.209	−0.229%	$7.5M	$45.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.186	−0.253%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.275	−0.157%	$662K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.404	−0.017%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.390	−0.032%	$475K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.354	−0.071%	$78K	$169K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.408	−0.013%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.368	−0.056%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.515	+0.103%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.367	−0.057%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.371	−0.053%	$391K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.628%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.420	0.000%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0255%	8h	92.401	−0.021%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0261%	1h	92.369	−0.056%	$79K	$138K	15x	as long as short
BloFin HYPE-USDT	+0.0321%	4h	92.305	−0.124%	$16.7M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.374	−0.050%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0333%	1h	92.439	+0.021%	$20.5M	$30.5M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0453%	1h	92.470	+0.054%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDCshort	+0.0687%	1h	92.482	+0.067%	$3.1M	$6.4M	20x