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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 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: Phemex against ApeX Omni−0.013%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$590.589% of the position
Long on ApeX OmniShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 3 days (all we have)−0.062%−$6 · spread now −0.013%, 7d avg +0.016%
Together, before fees−0.059%−$6 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: Phemex is 0.029% cheaper against ApeX Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.5580.0100pay 0.0013% / 1h27m 32s$406K$1.0M50x
ShortPhemex HYPEUSDT93.5460.0100get 0.0100% / 8h2h 27m$12.7M$2.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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: −0.013% → +0.016%
−$2.88
Slippage, 4 orders
−$36.9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$61.78
Costs to cover
0.589%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 2 min ago; Phemex: live order book, 1 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, 2 min ago2.03 bp9.4 bp −$912.3 bp −$123doesn't fitdoesn't fit
Sell Phemex live order book, 1 min ago1.76 bp24.7 bp −$2542.8 bp −$428doesn'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−0.1024%1h93.496−0.067%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0276%1h93.540−0.020%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0252%1h93.510−0.051%$701K$940K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.557−0.001%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.582+0.026%$90K$349K20xas long as short
Bullet HYPE-USD−0.0038%1h93.523−0.038%$112K$583K20xas long as short
Derive HYPE-PERP−0.0007%1h93.491−0.072%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.563+0.006%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.578+0.021%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.571+0.013%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0019%4h93.548−0.011%$9.0M$35.8M300xas long as short
Gate HYPE_USDT+0.0024%4h93.542−0.017%$44.2M$56.7M75xas long as short
Bybit HYPEUSDT+0.0036%8h93.550−0.009%$325.9M$287.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0067%4h93.539−0.020%$175K$535K20xas long as short
Phoenix HYPE+0.0068%1h93.549−0.010%$216K$1.2M10xas long as short
Popdex HYPEUSDT+0.0072%1h93.561+0.003%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.596+0.041%$18.5M$59.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.584+0.028%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.568+0.011%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.580+0.024%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.559+0.002%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.634+0.081%$2.04B$669.5M10xas long as short
Pacifica HYPE+0.0100%1h93.576+0.019%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.559+0.001%$386.0M$887.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.549−0.010%$114.9M$315.3M50xas long as short
Arcus HYPE-USD+0.0100%1h93.536−0.024%$1.2M$4.0M10xas long as short
MEXC HYPE_USDT+0.0100%4h93.555−0.003%$93.6M$82.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.580+0.024%$46.4M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.569+0.012%$227.3M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.540−0.019%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.572+0.015%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.541−0.018%$28.9M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.580+0.024%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.558long leg$406K$1.0M50x
StandX HYPE-USD+0.0100%1h93.586+0.030%$677K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.595+0.039%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.614+0.060%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.536−0.024%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.577+0.020%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.526−0.034%$2.0M$2.0M10xas long as short
Phemex HYPEUSDTshort+0.0100%8h93.546−0.013%$12.7M$2.6M50x
Bulk HYPE-USD+0.0100%1h93.556−0.002%$204K$12K10xas long as short
Extended HYPE-USD+0.0104%1h93.549−0.010%$18.3M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.534−0.025%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0116%4h93.544−0.015%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0127%8h93.629+0.076%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0177%1h93.627+0.074%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.600+0.045%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.563+0.006%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.510−0.051%$30K$291K12xas long as short
HTX HYPE-USDT+0.0323%4h93.707+0.159%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0164%1h93.576+0.020%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.513−0.048%$17.0M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.629+0.075%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.632+0.079%$19.2M$26.0M50xas long as short