Settings8H · net · $10k
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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 06:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.112%
Price spread now: Bluefin against Arcus+0.069%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$390.385% of the position
Long on ArcusShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.076%+$8 on $10k
Price spread, last 4 days (all we have)−0.095%−$10 · spread now +0.069%, 7d avg +0.033%
Together, before fees−0.019%−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bluefin is 0.036% dearer against Arcus than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus HYPE-USD93.8880.0011pay 0.0001% / 1h19m 27s$1.0M$3.9M10x
ShortBluefin HYPE-PERP93.9530.0100get 0.0013% / 1h19m 27s$80K$166K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Arcus. 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
$18.77
Price spread: +0.069% → +0.033%
$3.61
Slippage, 4 orders
−$27.01
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$16.13
Costs to cover
0.385%
Break-even
13.0 days
Slippage from Arcus: live order book, 5 min ago; Bluefin: live order book, 30 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 Arcus live order book, 5 min ago0.54 bp3.2 bp −$34.3 bp −$4318.9 bp −$1,892doesn't fit
Sell Bluefin live order book, 30 min ago3.36 bp15.8 bp −$16doesn't fitdoesn'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%1h93.862−0.028%$199K$239K7xas long as short
Aftermath Perps HYPEUSD−0.0422%1h93.426−0.492%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.906+0.019%$3K$33125xas long as short
Bullet HYPE-USD−0.0044%1h93.935+0.051%$112K$581K20xas long as short
Orderly PERP_HYPE_USDC−0.0019%4h93.885−0.003%$146K$672K20xas long as short
dYdX HYPE-USD0.0000%1h93.915+0.028%$129K$29K5xas long as short
01 Exchange HYPEUSD0.0000%1h93.948+0.064%$88K$365K20xas long as short
Perpl HYPE0.0000%43m93.951+0.067%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.957+0.074%$62K—150xas long as short
Arcus HYPE-USDlong+0.0011%1h93.888long leg$1.0M$3.9M10x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0014%4h93.919+0.033%$226.7M$98.9M75xas long as short
Bybit HYPEUSDT+0.0020%8h93.900+0.013%$318.8M$283.1M75xas long as short
Phoenix HYPE+0.0026%1h93.624−0.281%$208K$1.2M10xas long as short
Phemex HYPEUSDT+0.0029%8h93.881−0.007%$12.8M$2.8M50xas long as short
Ondo Perps HYPE-USD.P+0.0047%1h93.870−0.019%$704K$1.2M10xas long as short
edgeX HYPEUSDC+0.0094%4h93.626−0.279%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.987+0.105%$342K$157K20xas long as short
Lighter HYPE+0.0096%1h93.952+0.068%$16.2M$63.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.952+0.068%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.930+0.045%$73K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.750−0.147%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.910+0.024%$7.8M$48.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.986+0.104%$2.05B$670.6M10xas long as short
Aster HYPEUSDT+0.0100%4h93.943+0.058%$8.8M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.970+0.087%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.914+0.028%$376.6M$915.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.925+0.039%$115.8M$313.1M50xas long as short
Bulk HYPE-USD+0.0100%1h93.358−0.564%$216K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.946+0.062%$47.3M$54.6M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.939+0.054%$90.5M$81.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.959+0.076%$46.4M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.934+0.049%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.925+0.039%$7.2M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.699−0.202%$28.6M$56.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.275−0.653%$7.5M$47.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.227−0.704%$342K$997K50xas long as short
StandX HYPE-USD+0.0100%1h93.924+0.038%$672K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.976+0.093%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.953+0.069%$482K$2.7M20xas long as short
Bluefin HYPE-PERPshort+0.0100%1h93.953+0.069%$80K$166K20x
Derive HYPE-PERP+0.0100%1h93.902+0.015%$16.2M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.967+0.084%$33K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.918+0.032%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.051+0.174%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.909+0.023%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.939+0.054%$397K$158K20xas long as short
Kalshi KXHYPEPERP+0.0113%8h93.839−0.052%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.620−0.285%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.000+0.119%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0270%1h93.934+0.049%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.948+0.064%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0339%1h93.984+0.103%$21.0M$29.5M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.730−0.168%$16.8M$12.0M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0378%1h93.998+0.117%$7.5M$4.1M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.956+0.072%$3.2M$6.3M20xas long as short