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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%
Price spread now: BingX against ApeX Omni+0.056%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Long on ApeX OmniShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.083%−$8 on $10k
Price spread, last 3 days (all we have)−0.330%−$33 · spread now +0.056%, 7d avg −0.017%
Together, before fees−0.413%−$41 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: BingX is 0.072% dearer against ApeX Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.4820.0100pay 0.0013% / 1h34m 57s$406K$1.0M50x
ShortBingX HYPE-USDT93.5340.0100get 0.0050% / 4h2h 34m—$54.2M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
Price spread: +0.056% → −0.017%
$7.24
Slippage, 4 orders
−$11.18
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$23.94
Costs to cover
0.312%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; BingX: live order book, 9 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, 4 min ago3.16 bp10.9 bp −$1115.2 bp −$152doesn't fitdoesn't fit
Sell BingX live order book, 9 min ago0.11 bp5.1 bp −$57.2 bp −$7212.0 bp −$1,20418.3 bp −$9,159

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−0.1104%1h93.433−0.052%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0256%1h93.449−0.035%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0249%1h93.370−0.120%$701K$941K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.512+0.032%$89K$348K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.414−0.073%$3K$33125xas long as short
Bullet HYPE-USD−0.0025%1h93.459−0.024%$112K$583K20xas long as short
Derive HYPE-PERP−0.0003%1h93.437−0.048%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.485+0.003%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.463−0.020%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.518+0.038%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0012%4h93.512+0.032%$8.9M$35.9M300xas long as short
Gate HYPE_USDT+0.0028%4h93.529+0.050%$44.1M$56.5M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.512+0.032%$325.8M$287.3M75xas long as short
Phoenix HYPE+0.0068%1h93.464−0.019%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0070%4h93.491+0.010%$180K$529K20xas long as short
Popdex HYPEUSDT+0.0080%1h93.485+0.003%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.542+0.064%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.517+0.037%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.462−0.021%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.490+0.009%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.484+0.003%$6.0M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.560+0.083%$2.04B$668.1M10xas long as short
Pacifica HYPE+0.0100%1h93.491+0.010%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.531+0.052%$385.7M$888.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.511+0.031%$114.9M$315.5M50xas long as short
Arcus HYPE-USD+0.0100%1h93.458−0.026%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.403−0.085%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.542+0.064%$92.8M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.498+0.017%$46.4M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.541+0.063%$227.2M$102.2M75xas long as short
BingX HYPE-USDTshort+0.0100%4h93.534+0.056%—$54.2M—
Backpack HYPE_USDC_PERP+0.0100%1h93.575+0.099%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.402−0.086%$28.9M$49.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.494+0.013%$7.5M$45.0M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.482long leg$406K$1.0M50x
StandX HYPE-USD+0.0100%1h93.470−0.013%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.497+0.016%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.512+0.032%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.508+0.028%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.531+0.052%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.490+0.009%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.504+0.024%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.506+0.025%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.509+0.029%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.336−0.156%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0116%8h93.598+0.124%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.400−0.088%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.484+0.002%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0274%1h93.585+0.110%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.350−0.141%$30K$231K12xas long as short
HTX HYPE-USDT+0.0338%4h93.662+0.193%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.519+0.039%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.449−0.035%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.557+0.081%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.599+0.125%$19.2M$25.9M50xas long as short