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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 +0.003%
Price spread now: Extended against ApeX Omni−0.016%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Long on ApeX OmniShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 3 days (all we have)−0.087%−$9 · spread now −0.016%, 7d avg −0.043%
Together, before fees−0.067%+ Points / potential airdropExtended: Active · farm board−$7 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: Extended is 0.027% dearer against ApeX Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.8490.0100pay 0.0013% / 1h5m 15s$340K$1.1M50x
ShortExtended HYPE-USD93.8340.0104get 0.0013% / 1h5m 15s$18.3M$42.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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: −0.016% → −0.043%
$2.71
Slippage, 4 orders
−$15.25
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$26.7
Costs to cover
0.303%
Break-even
229.5 days
Slippage from ApeX Omni: live order book, 4 min ago; Extended: live order book, 4 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 ago4.42 bp9.4 bp −$912.6 bp −$126doesn't fitdoesn't fit
Sell Extended live order book, 4 min ago0.05 bp2.6 bp −$32.9 bp −$2920.8 bp −$2,076doesn'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−0.1360%1h93.771−0.084%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0367%1h93.895+0.049%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.732−0.125%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0126%1h93.760−0.095%$704K$919K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.817−0.034%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.842−0.007%$3K$33125xas long as short
Derive HYPE-PERP−0.0010%1h93.784−0.070%$16.4M$7.2M10xas long as short
Orderly PERP_HYPE_USDC−0.0004%4h93.844−0.005%$170K$593K20xas long as short
dYdX HYPE-USD0.0000%1h93.866+0.018%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.854+0.005%$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%1h93.864+0.016%$27K—150xas long as short
Phoenix HYPE+0.0009%1h93.978+0.137%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0014%4h93.832−0.018%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.830−0.020%$322.8M$283.8M75xas long as short
Phemex HYPEUSDT+0.0038%8h93.826−0.025%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0047%4h93.838−0.012%$383.6M$898.2M75xas long as short
MEXC HYPE_USDT+0.0048%4h93.830−0.020%$88.2M$82.3M100xas long as short
Popdex HYPEUSDT+0.0056%1h93.830−0.020%$60K$1.2M50xas long as short
edgeX HYPEUSDC+0.0064%4h93.859+0.011%$5.1M$29.7M30xas long as short
Gate HYPE_USDT+0.0066%4h93.832−0.018%$44.1M$60.0M75xas long as short
Bullet HYPE-USD+0.0087%1h93.827−0.023%$112K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0088%8h93.837−0.013%$115.7M$322.4M50xas long as short
Lighter HYPE+0.0096%1h93.916+0.072%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.858+0.010%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.865+0.017%$399K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.820−0.031%$36K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.874+0.026%$341K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.838−0.011%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.931+0.087%$2.04B$679.7M10xas long as short
Pacifica HYPE+0.0100%1h93.850+0.001%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889+0.042%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.837−0.013%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.855+0.006%$227.3M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.837−0.013%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.869+0.021%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.039%$31.3M$54.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.967+0.125%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.849long leg$340K$1.1M50x
StandX HYPE-USD+0.0100%1h93.908+0.063%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.866+0.019%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.853+0.004%$470K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.864+0.016%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.862+0.014%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.861+0.013%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.598%$31K$338K12xas long as short
Extended HYPE-USDshort+0.0104%1h93.834−0.016%$18.3M$42.8M50x
Coinbase International HYPE-PERP-INTX+0.0152%1h93.940+0.097%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0156%8h93.911+0.066%$1.9M$5.0M2.3xas long as short
BloFin HYPE-USDT+0.0187%4h93.859+0.011%$17.0M$12.5M75xas long as short
HTX HYPE-USDT+0.0192%4h94.012+0.174%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.822−0.029%$77K$142K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0261%1h93.954+0.112%$7.5M$4.6M50xas long as short
RISEx HYPE/USDC+0.0284%1h93.879+0.032%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.856+0.007%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h93.980+0.139%$21.0M$29.5M50xas long as short