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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 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%
Price spread now: GRVT against ApeX Omni+0.125%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Long on ApeX OmniShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days−0.021%−$2 on $10k
Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.125%, 7d avg +0.028%
Together, before fees−0.103%+ Points / potential airdropGRVT: Active · farm board−$10 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: GRVT is 0.098% dearer against ApeX Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.8490.0100pay 0.0013% / 1h3m 36s$340K$1.1M50x
ShortGRVT HYPE_USDT_Perp93.9670.0100get 0.0050% / 4h3m 36s$7.6M$45.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: +0.125% → +0.028%
$9.76
Slippage, 4 orders
−$9.76
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$19
Costs to cover
0.288%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, just now; GRVT: live order book, 6 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, just now2.87 bp10.2 bp −$1014.9 bp −$149doesn't fitdoesn't fit
Sell GRVT live order book, 6 min ago0.05 bp4.6 bp −$54.9 bp −$49doesn'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−0.1376%1h93.764−0.091%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0359%1h93.910+0.065%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.920+0.076%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0128%1h93.970+0.129%$704K$926K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.976+0.135%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.932+0.088%$3K$33125xas long as short
Derive HYPE-PERP−0.0007%1h93.931+0.087%$16.4M$7.2M10xas long as short
Orderly PERP_HYPE_USDC−0.0005%4h93.996+0.157%$170K$593K20xas long as short
dYdX HYPE-USD0.0000%1h93.987+0.147%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.985+0.145%$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%1h94.016+0.178%$27K—150xas long as short
Phoenix HYPE+0.0009%1h93.978+0.137%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0014%4h94.032+0.195%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h94.030+0.193%$323.7M$284.0M75xas long as short
Phemex HYPEUSDT+0.0031%8h93.972+0.131%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0046%4h94.042+0.206%$88.5M$82.3M100xas long as short
Binance HYPEUSDT+0.0046%4h94.036+0.199%$384.3M$898.5M75xas long as short
edgeX HYPEUSDC+0.0064%4h93.859+0.011%$5.1M$29.7M30xas long as short
Popdex HYPEUSDT+0.0064%1h93.980+0.140%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0066%4h94.052+0.216%$44.2M$60.0M75xas long as short
Bullet HYPE-USD+0.0083%1h93.971+0.130%$112K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0088%8h94.045+0.209%$116.0M$323.2M50xas long as short
Lighter HYPE+0.0096%1h94.073+0.239%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h94.045+0.209%$3.1M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.991+0.152%$400K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h94.040+0.204%$36K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.066+0.231%$342K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.986+0.145%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h94.103+0.271%$2.05B$679.9M10xas long as short
Pacifica HYPE+0.0100%1h94.071+0.237%$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%4h94.025+0.188%$46.6M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.047+0.211%$227.8M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h94.040+0.204%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.051+0.215%$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_Perpshort+0.0100%4h93.967+0.125%$7.6M$45.6M10x
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%1h93.987+0.147%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.010+0.172%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.001+0.162%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h94.019+0.181%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.992+0.152%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.598%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h94.028+0.191%$18.4M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.060+0.225%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0155%8h93.993+0.153%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0187%4h93.859+0.011%$17.0M$12.5M75xas long as short
HTX HYPE-USDT+0.0193%4h94.150+0.321%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.978+0.137%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h94.091+0.258%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h94.015+0.177%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0377%1h94.089+0.256%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.112+0.281%$21.0M$29.5M50xas long as short