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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+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SoDEX against Aevo0.000%7-day average −0.004% · 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−$43as in the Price arb table
costs, in and out, $10k−$430.433% of the position
Long on AevoShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 3 days (all we have)+0.007%+$1 · spread now 0.000%, 7d avg −0.004%
Together, before fees+0.004%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo HYPE-PERP93.9670.0096pay 0.0012% / 1h1m 41s$400K$318K20x
ShortSoDEX HYPE-USD93.9670.0100get 0.0013% / 1h1m 41s$2.0M$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0.84
Price spread: 0.000% → −0.004%
$0.38
Slippage, 4 orders
−$19.26
Fee Aevo: 8 bp × 2 orders
−$16
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$42.04
Costs to cover
0.433%
Break-even
357.4 days
Slippage from Aevo: live order book, 12 min ago; SoDEX: 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, 12 min ago2.31 bp12.0 bp −$1216.4 bp −$16420.8 bp −$2,076doesn't fit
Sell SoDEX live order book, 2 min ago0.75 bp7.2 bp −$712.7 bp −$127101.8 bp −$10.2Kdoesn'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−0.1376%1h93.897−0.075%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0346%1h93.948−0.020%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.874−0.099%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0133%1h93.930−0.039%$705K$925K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.924−0.046%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.931−0.038%$3K$33125xas long as short
Derive HYPE-PERP−0.0012%1h93.900−0.071%$16.4M$7.2M10xas long as short
dYdX HYPE-USD−0.0007%1h93.976+0.009%$128K$30K5xas long as short
Orderly PERP_HYPE_USDC−0.0006%4h93.984+0.018%$169K$594K20xas long as short
Perpl HYPE0.0000%43m93.978+0.012%$23K$329K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.990+0.024%$27K—150xas long as short
Phoenix HYPE+0.0009%1h93.898−0.073%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0015%4h93.983+0.017%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0018%8h93.990+0.024%$323.5M$283.9M75xas long as short
Phemex HYPEUSDT+0.0030%8h93.928−0.042%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0046%4h93.988+0.022%$384.1M$898.7M75xas long as short
MEXC HYPE_USDT+0.0046%4h93.988+0.022%$88.4M$82.3M100xas long as short
edgeX HYPEUSDC+0.0064%4h93.859−0.115%$5.1M$29.7M30xas long as short
Popdex HYPEUSDT+0.0064%1h93.930−0.039%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0068%4h93.993+0.028%$44.2M$60.1M75xas long as short
Bullet HYPE-USD+0.0073%1h93.939−0.030%$112K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0088%8h93.983+0.017%$116.0M$322.9M50xas long as short
Lighter HYPE+0.0096%1h94.036+0.073%$18.9M$60.5M20xas long as short
Lighter RH HYPE+0.0096%1h94.015+0.051%$3.1M$12.3M20xas long as short
Aevo HYPE-PERPlong+0.0096%1h93.967long leg$400K$318K20x
Katana Perps HYPE-USD+0.0099%8h94.040+0.078%$42K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.030+0.067%$342K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.941−0.027%$6.6M$44.9M10xas long as short
Hyperliquid HYPE+0.0100%1h94.084+0.125%$2.05B$680.1M10xas long as short
Pacifica HYPE+0.0100%1h94.017+0.053%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889−0.083%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.991+0.026%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.003+0.038%$227.7M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.980+0.014%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.001+0.036%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.165%$31.3M$54.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.864−0.110%$7.6M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.817−0.160%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.046+0.084%$680K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h94.005+0.040%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.996+0.031%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.963−0.004%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.973+0.006%$32K$1.6M20xas long as short
SoDEX HYPE-USDshort+0.0100%1h93.9670.000%$2.0M$2.0M10x
Injective HYPE/USDC PERP+0.0104%1h94.410+0.471%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.976+0.010%$18.4M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.070+0.110%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0157%8h94.054+0.093%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0185%4h93.999+0.034%$17.0M$12.6M75xas long as short
HTX HYPE-USDT+0.0194%4h94.100+0.142%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.966−0.001%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h94.041+0.079%$2.8M$6.9M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0324%1h94.067+0.106%$7.5M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0156%1h93.993+0.028%$1.5M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.082+0.123%$21.0M$29.5M50xas long as short