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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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.054%
Price spread now: Hyperliquid against ApeX Omni+0.094%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Long on ApeX OmniShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$6 on $10k
Price spread, last 3 days (all we have)−0.173%−$17 · spread now +0.094%, 7d avg +0.046%
Together, before fees−0.109%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 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: Hyperliquid is 0.048% dearer against ApeX Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.8590.0100pay 0.0013% / 1h10m 46s$359K$1.1M50x
ShortHyperliquid HYPE93.9470.0100get 0.0013% / 1h10m 46s$2.04B$681.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.094% → +0.046%
$4.81
Slippage, 4 orders
−$8.42
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$22.61
Costs to cover
0.274%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 3 min ago; Hyperliquid: live order book, 3 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 ago2.08 bp10.2 bp −$1014.5 bp −$145doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.05 bp4.6 bp −$56.8 bp −$68doesn'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−0.1232%1h93.765−0.100%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0406%1h93.852−0.008%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.730−0.137%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0105%1h93.780−0.084%$705K$916K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.868+0.010%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.830−0.031%$86K$368K20xas long as short
Orderly PERP_HYPE_USDC−0.0003%4h93.849−0.011%$169K$588K20xas long as short
dYdX HYPE-USD0.0000%1h93.935+0.081%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.868+0.009%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.862+0.003%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0009%1h93.919+0.064%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0017%4h93.872+0.014%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0021%8h93.855−0.004%$323.0M$284.0M75xas long as short
Derive HYPE-PERP+0.0027%1h93.776−0.089%$16.4M$7.1M10xas long as short
Phemex HYPEUSDT+0.0042%8h93.813−0.049%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0052%4h93.854−0.005%$88.4M$82.2M100xas long as short
Binance HYPEUSDT+0.0053%4h93.847−0.013%$383.2M$898.4M75xas long as short
edgeX HYPEUSDC+0.0061%4h93.800−0.062%$5.1M$29.6M30xas long as short
Popdex HYPEUSDT+0.0064%1h93.826−0.035%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0074%4h93.861+0.002%$44.1M$59.9M75xas long as short
Bullet HYPE-USD+0.0087%1h93.823−0.038%$113K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0093%8h93.846−0.014%$115.8M$322.6M50xas long as short
Lighter HYPE+0.0096%1h93.858−0.001%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.837−0.023%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.828−0.033%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.896+0.040%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.810−0.052%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.856−0.003%$5.7M$44.4M10xas long as short
Hyperliquid HYPEshort+0.0100%1h93.947+0.094%$2.04B$681.2M10x
Pacifica HYPE+0.0100%1h93.892+0.035%$10.1M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.820−0.042%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.826−0.035%$46.4M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.860+0.001%$227.3M$102.3M75xas long as short
BingX HYPE-USDT+0.0100%4h93.865+0.006%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.847−0.013%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.811−0.051%$31.2M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.848−0.012%$7.6M$45.8M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.859long leg$359K$1.1M50x
StandX HYPE-USD+0.0100%1h93.811−0.051%$678K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.880+0.022%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.854−0.005%$471K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.841−0.019%$76K$172K20xas long as short
SunX HYPE-USDT+0.0100%4h93.8590.000%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.811−0.051%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.587%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.843−0.017%$18.3M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.870+0.012%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0154%8h93.960+0.108%$1.9M$5.0M2.3xas long as short
HTX HYPE-USDT+0.0193%4h94.000+0.150%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0212%4h93.801−0.062%$16.9M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.809−0.053%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.872+0.014%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.863+0.004%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0347%1h93.934+0.080%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0578%1h93.925+0.070%$21.0M$29.5M50xas long as short