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 22:00 UTC+0.0142%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h +0.068%
Price spread now: Deribit against Arcus+0.106%7-day average +0.076% · 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−$15as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Long on ArcusShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.052%+$5 on $10k
Price spread, last 3 days (all we have)−0.164%−$16 · spread now +0.106%, 7d avg +0.076%
Together, before fees−0.112%−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.030% dearer against Arcus than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus HYPE-USD93.3960.0100pay 0.0013% / 1h44m 54s$1.2M$4.0M10x
ShortDeribit HYPE_USDC-PERPETUAL93.4950.0242get 0.0030% / 1h44m 54s$7.4M$4.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$29.82
Price spread: +0.106% → +0.076%
$3.03
Slippage, 4 orders
−$6.92
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$14.44
Costs to cover
0.184%
Break-even
3.6 days
Slippage from Arcus: live order book, 4 min ago; Deribit: 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 Arcus live order book, 4 min ago0.48 bp3.2 bp −$34.1 bp −$4116.9 bp −$1,686doesn't fit
Sell Deribit live order book, 4 min ago0.21 bp7.6 bp −$813.8 bp −$138doesn'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−0.1240%1h93.386−0.010%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0202%1h93.330−0.071%$701K$943K10xas long as short
Aftermath Perps HYPEUSD−0.0188%1h93.399+0.003%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.422+0.028%$89K$345K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.423+0.029%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.504+0.115%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.504+0.116%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.434+0.041%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.430+0.036%$19K—150xas long as short
Aster HYPEUSDT+0.0012%4h93.413+0.018%$8.9M$36.1M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0017%1h93.351−0.048%$16.4M$7.1M10xas long as short
Bullet HYPE-USD+0.0019%1h93.411+0.016%$113K$583K20xas long as short
Gate HYPE_USDT+0.0022%4h93.390−0.006%$44.2M$56.3M75xas long as short
Bybit HYPEUSDT+0.0039%8h93.370−0.028%$325.2M$287.9M75xas long as short
Phoenix HYPE+0.0068%1h93.408+0.013%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0075%4h93.419+0.025%$180K$536K20xas long as short
Lighter HYPE+0.0096%1h93.435+0.042%$18.5M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.413+0.018%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.397+0.001%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.440+0.047%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.396+0.001%$6.0M$44.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.455+0.063%$2.03B$669.3M10xas long as short
Pacifica HYPE+0.0100%1h93.428+0.035%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.374−0.024%$385.7M$888.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.365−0.033%$114.7M$315.3M50xas long as short
Arcus HYPE-USDlong+0.0100%1h93.396long leg$1.2M$4.0M10x
Bulk HYPE-USD+0.0100%1h93.335−0.065%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.374−0.024%$93.0M$81.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.395−0.001%$46.3M$19.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.392−0.004%$226.8M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.387−0.010%—$54.3M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.415+0.020%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.375−0.022%$28.8M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.445+0.052%$7.5M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.456+0.064%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.481+0.091%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.462+0.071%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.447+0.055%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.402+0.006%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.445+0.052%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.375−0.022%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.407+0.012%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.450+0.058%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.366−0.032%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.420+0.026%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0107%4h93.435+0.041%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.500+0.111%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUALshort+0.0242%1h93.495+0.106%$7.4M$4.6M50x
Reya HYPERUSDPERP+0.0245%1h93.404+0.009%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.330−0.071%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.445+0.053%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.405+0.010%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0381%4h93.573+0.190%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.474+0.084%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.481+0.091%$19.2M$25.8M50xas long as short