Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.010%
Price spread now: Deribit against Aevo+0.152%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$480.475% of the position
Long on AevoShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.059%−$6 on $10k
Price spread, last 3 days (all we have)−0.112%−$11 · spread now +0.152%, 7d avg +0.039%
Together, before fees−0.171%−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.114% dearer against Aevo than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.039%. Mind the row above: over the last 7 days funding on this pair cost −0.059%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo HYPE-PERP93.8520.0096pay 0.0012% / 1h56m 59s$399K$318K20x
ShortDeribit HYPE_USDC-PERPETUAL93.9950.0272get 0.0034% / 1h56m 59s$7.4M$4.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Aevo. 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

Funding earned
$36.96
Price spread: +0.152% → +0.039%
$11.37
Slippage, 4 orders
−$24.52
Fee Aevo: 8 bp × 2 orders
−$16
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$0.81
Costs to cover
0.475%
Break-even
6.8 days
Slippage from Aevo: live order book, 22 min ago; Deribit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 22 min ago6.91 bp17.9 bp −$1821.8 bp −$21825.5 bp −$2,545doesn't fit
Sell Deribit live order book, 2 min ago1.65 bp9.2 bp −$912.5 bp −$125doesn't fitdoesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.0504%1h93.735−0.125%$198K$228K7xas long as short
Aftermath Perps HYPEUSD−0.0486%1h93.638−0.228%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.768−0.090%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.840−0.013%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0002%1h93.800−0.055%$701K$903K10xas long as short
dYdX HYPE-USD0.0000%1h93.912+0.064%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.882+0.032%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.922+0.075%$28K—150xas long as short
Orderly PERP_HYPE_USDC+0.0014%4h93.908+0.060%$176K$526K20xas long as short
Bybit HYPEUSDT+0.0018%8h93.900+0.051%$324.8M$280.7M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0020%4h93.911+0.063%$8.9M$35.8M300xas long as short
Phoenix HYPE+0.0034%1h93.805−0.050%$215K$1.2M10xas long as short
Derive HYPE-PERP+0.0063%1h93.839−0.014%$16.4M$6.9M10xas long as short
Gate HYPE_USDT+0.0064%4h93.911+0.063%$44.5M$57.9M75xas long as short
MEXC HYPE_USDT+0.0066%4h93.933+0.086%$90.8M$80.3M100xas long as short
Binance HYPEUSDT+0.0067%4h93.937+0.091%$385.6M$886.0M75xas long as short
Phemex HYPEUSDT+0.0074%8h93.842−0.011%$12.8M$2.6M50xas long as short
edgeX HYPEUSDC+0.0078%4h93.744−0.115%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.952+0.106%$19.0M$58.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.934+0.087%$3.1M$12.2M20xas long as short
01 Exchange HYPEUSD+0.0096%1h93.900+0.051%$91K$355K20xas long as short
Popdex HYPEUSDT+0.0096%1h93.847−0.005%$63K$1.2M50xas long as short
Aevo HYPE-PERPlong+0.0096%1h93.852long leg$399K$318K20x
Paradex HYPE-USD-PERP+0.0099%8h93.845−0.007%$341K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.830−0.023%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.844−0.008%$5.9M$44.1M10xas long as short
Pacifica HYPE+0.0100%1h93.868+0.017%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.910+0.062%$115.0M$314.5M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.919+0.071%$47.2M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.915+0.067%$227.6M$102.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.912+0.064%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.926+0.079%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.552−0.319%$30.9M$51.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.616−0.251%$7.5M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.759−0.099%$393K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.783−0.074%$678K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.874+0.023%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.911+0.063%$484K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.888+0.038%$113K$577K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.903+0.054%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.979+0.135%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.904+0.055%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680−0.183%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h93.750−0.109%$30K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.896+0.047%$18.6M$42.0M50xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.972+0.128%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.870+0.019%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0221%4h94.082+0.245%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0248%1h93.885+0.035%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0266%4h93.898+0.049%$17.0M$12.3M75xas long as short
Deribit HYPE_USDC-PERPETUALshort+0.0272%1h93.995+0.152%$7.4M$4.5M50x
RISEx HYPE/USDC+0.0284%1h93.894+0.044%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.877+0.027%$1.4M—100xas long as short
Hyperliquid HYPE+0.0540%1h93.938+0.092%$2.05B$667.5M10xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.020+0.179%$21.0M$29.0M50xas long as short