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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 +0.002%
Price spread now: Aevo against ApeX Omni−0.047%70s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$490.489% of the position
Long on ApeX OmniShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 3 days (all we have)+0.110%+$11 · spread now −0.047%, 7d avg +0.011%
Together, before fees+0.121%+$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.058% cheaper against ApeX Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.8740.0100pay 0.0013% / 1h5m 36s$364K$1.1M50x
ShortAevo HYPE-PERP93.8300.0096get 0.0012% / 1h5m 36s$399K$318K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against ApeX Omni. 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: −0.047% → +0.011%
−$5.77
Slippage, 4 orders
−$22.86
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$55.47
Costs to cover
0.489%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 3 min ago; Aevo: live order book, 8 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 ApeX Omni live order book, 3 min ago4.42 bp9.4 bp −$912.6 bp −$126doesn't fitdoesn't fit
Sell Aevo live order book, 8 min ago2.31 bp16.2 bp −$1619.4 bp −$19422.0 bp −$2,197doesn'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−0.1320%1h93.960+0.091%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0367%1h93.902+0.030%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.732−0.151%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0126%1h93.760−0.121%$704K$919K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.817−0.061%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.842−0.034%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0004%4h93.837−0.039%$170K$593K20xas long as short
dYdX HYPE-USD0.0000%1h93.866−0.009%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.859−0.016%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.865−0.009%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0003%1h93.775−0.105%$16.4M$7.2M10xas long as short
Phoenix HYPE+0.0009%1h93.978+0.111%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0014%4h93.860−0.015%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.840−0.036%$322.9M$283.8M75xas long as short
Phemex HYPEUSDT+0.0037%8h93.889+0.016%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0047%4h93.824−0.053%$383.5M$898.3M75xas long as short
MEXC HYPE_USDT+0.0048%4h93.840−0.036%$88.2M$82.3M100xas long as short
Popdex HYPEUSDT+0.0064%1h93.851−0.025%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0066%4h93.834−0.043%$44.1M$60.0M75xas long as short
edgeX HYPEUSDC+0.0070%4h93.898+0.026%$5.1M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0088%8h93.838−0.038%$115.8M$322.4M50xas long as short
Bullet HYPE-USD+0.0089%1h93.824−0.053%$112K$578K20xas long as short
Lighter HYPE+0.0096%1h93.882+0.009%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.858−0.017%$3.0M$12.3M20xas long as short
Aevo HYPE-PERPshort+0.0096%1h93.830−0.047%$399K$318K20x
Katana Perps HYPE-USD+0.0099%8h93.820−0.058%$36K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.8740.000%$341K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.849−0.027%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.947+0.078%$2.04B$679.7M10xas long as short
Pacifica HYPE+0.0100%1h93.850−0.025%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889+0.016%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.842−0.034%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.843−0.033%$227.3M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.837−0.039%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.869−0.005%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.066%$31.3M$54.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.967+0.099%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.874long leg$364K$1.1M50x
StandX HYPE-USD+0.0100%1h93.906+0.034%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.879+0.006%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.867−0.007%$471K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.827−0.050%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.873−0.001%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.828−0.049%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.571%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.807−0.071%$18.3M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.940+0.070%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0156%8h93.902+0.030%$1.9M$5.0M2.3xas long as short
HTX HYPE-USDT+0.0192%4h94.011+0.146%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0210%4h93.870−0.004%$17.0M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.819−0.059%$77K$142K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0283%1h93.935+0.065%$7.5M$4.6M50xas long as short
RISEx HYPE/USDC+0.0284%1h93.879+0.005%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.861−0.014%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0578%1h93.949+0.080%$21.0M$29.5M50xas long as short