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 02:00 UTC+0.0866%/8h= +94.8% APRnext payment +$1.08 per $10,000 · paid last 24h +0.046%
Price spread now: Derive against Arcus+0.108%7-day average +0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ArcusShort on Derive
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.058%+$6 on $10k
Price spread, last 3 days (all we have)−0.122%−$12 · spread now +0.108%, 7d avg +0.005%
Together, before fees−0.063%−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Derive is 0.102% dearer against Arcus than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.005%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.058% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.08 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus HYPE-USD93.533−0.0786get 0.0098% / 1h31m 18s$1.2M$3.9M10x
ShortDerive HYPE-PERP93.6340.0079get 0.0010% / 1h31m 18s$16.2M$7.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive against Arcus. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$181.76
Price spread: +0.108% → +0.005%
$10.21
Slippage, 4 orders
no order book: not counted
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Derive: 3 bp × 2 orders
−$6
Net
$181.47
Costs to cover
0.105%
Break-even
0.0 days
Slippage unknown: Arcus: live order book, 3 min ago; Derive: no order-book sample. Net counts fees only.

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, 3 min ago0.27 bp2.9 bp −$39.3 bp −$9330.5 bp −$3,054doesn't fit
Sell Derive no order-book sample—————
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPE on 54 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−0.0888%1h93.597+0.069%$197K$229K7xas long as short
Arcus HYPE-USDlong−0.0786%1h93.533long leg$1.2M$3.9M10x
Aftermath Perps HYPEUSD−0.0162%1h93.464−0.074%$22K$21K10xas long as short
Phemex HYPEUSDT−0.0112%8h93.655+0.130%$12.7M$2.7M50xas long as short
Ondo Perps HYPE-USD.P−0.0089%1h93.560+0.029%$701K$988K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.675+0.152%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0064%1h93.697+0.175%$86K$351K20xas long as short
Backpack HYPE_USDC_PERP−0.0059%1h93.619+0.092%$7.8M$10.4M20xas long as short
Orderly PERP_HYPE_USDC−0.0057%4h93.638+0.112%$156K$651K20xas long as short
Gate HYPE_USDT−0.0052%4h93.677+0.154%$44.5M$54.7M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0024%4h93.678+0.155%$8.8M$36.1M300xas long as short
dYdX HYPE-USD0.0000%1h93.622+0.095%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.668+0.144%$22K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.691+0.168%$26K—150xas long as short
Bybit HYPEUSDT+0.0006%8h93.643+0.118%$321.6M$282.6M75xas long as short
BingX HYPE-USDT+0.0006%4h93.672+0.149%—$53.9M—as long as short
MEXC HYPE_USDT+0.0054%4h93.680+0.157%$88.1M$82.7M100xas long as short
Bullet HYPE-USD+0.0055%1h93.673+0.150%$112K$578K20xas long as short
Binance HYPEUSDT+0.0056%4h93.674+0.150%$381.1M$902.2M75xas long as short
edgeX HYPEUSDC+0.0059%4h93.458−0.081%$5.1M$30.0M30xas long as short
Phoenix HYPE+0.0060%1h93.705+0.184%$211K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0066%8h93.670+0.146%$115.2M$310.2M50xas long as short
Derive HYPE-PERPshort+0.0079%1h93.634+0.108%$16.2M$7.7M10x
Paradex HYPE-USD-PERP+0.0095%8h93.695+0.173%$340K$165K20xas long as short
Lighter HYPE+0.0096%1h93.683+0.161%$16.4M$62.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.682+0.159%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.675+0.152%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.677+0.154%$398K$177K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.660+0.136%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.644+0.118%$5.7M$45.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.777+0.261%$2.05B$670.4M10xas long as short
Pacifica HYPE+0.0100%1h93.674+0.151%$10.1M$14.8M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.665+0.141%$46.2M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.681+0.158%$226.6M$99.6M75xas long as short
Variational Omni HYPE+0.0100%8h93.610+0.083%$31.0M$54.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.468−0.069%$7.5M$48.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.468−0.069%$338K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.655+0.130%$668K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.706+0.185%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.708+0.187%$469K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.645+0.120%$79K$172K20xas long as short
SunX HYPE-USDT+0.0100%4h93.749+0.231%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.652+0.127%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.348−0.198%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.627+0.101%$18.3M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.720+0.200%$4.9M$5.6M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.610+0.082%$30K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.701+0.180%$2.7M$6.7M20xas long as short
HTX HYPE-USDT+0.0217%4h93.807+0.293%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0254%1h93.678+0.155%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0267%8h93.719+0.199%$1.9M$5.1M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0158%1h93.689+0.167%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0486%1h93.767+0.250%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0680%1h93.751+0.233%$20.9M$30.1M50xas long as short