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 01:00 UTC+0.0729%/8h= +79.8% APRnext payment +$0.91 per $10,000 · paid last 24h +0.055%
Price spread now: Extended against Arcus+0.221%7-day average −0.012% · 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+$11as in the Price arb table
costs, in and out, $10k−$120.124% of the position
Long on ArcusShort on Extended
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.084%+$8 on $10k
Price spread, last 7 days−0.246%−$25 · spread now +0.221%, 7d avg −0.012%
Together, before fees−0.162%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Extended is 0.232% dearer against Arcus than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.012%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.084% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.91 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-USD93.417−0.0625get 0.0078% / 1h18m 10s$1.2M$3.8M10x
ShortExtended HYPE-USD93.6230.0104get 0.0013% / 1h18m 10s$18.7M$44.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$153.12
Price spread: +0.221% → −0.012%
$23.25
Slippage, 4 orders
−$2.92
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$163.95
Costs to cover
0.124%
Break-even
from the start
Slippage from Arcus: live order book, 1 min ago; Extended: live order book, 6 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, 1 min ago0.64 bp3.2 bp −$37.1 bp −$7124.4 bp −$2,436doesn't fit
Sell Extended live order book, 6 min ago0.05 bp2.6 bp −$34.0 bp −$4025.4 bp −$2,544doesn'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−0.1312%1h93.756+0.363%$198K$228K7xas long as short
Arcus HYPE-USDlong−0.0625%1h93.417long leg$1.2M$3.8M10x
Aftermath Perps HYPEUSD−0.0185%1h93.952+0.572%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0151%1h93.510+0.100%$710K$955K10xas long as short
dYdX HYPE-USD−0.0108%1h93.519+0.109%$128K$31K5xas long as short
Bullet HYPE-USD−0.0097%1h93.605+0.201%$113K$581K20xas long as short
01 Exchange HYPEUSD−0.0096%1h93.536+0.127%$85K$360K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.531+0.122%$3K$33125xas long as short
Gate HYPE_USDT−0.0080%4h93.642+0.241%$44.4M$60.1M75xas long as short
Orderly PERP_HYPE_USDC−0.0027%4h93.603+0.199%$159K$645K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0021%8h93.650+0.249%$321.6M$280.3M75xas long as short
Perpl HYPE0.0000%43m93.591+0.186%$23K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.626+0.224%$27K—150xas long as short
Aster HYPEUSDT+0.0003%4h93.587+0.181%$8.9M$36.1M300xas long as short
Derive HYPE-PERP+0.0003%1h93.596+0.192%$16.4M$7.3M10xas long as short
Phoenix HYPE+0.0034%1h94.149+0.784%$219K$1.2M10xas long as short
Binance HYPEUSDT+0.0042%4h93.645+0.244%$382.0M$894.3M75xas long as short
MEXC HYPE_USDT+0.0044%4h93.674+0.275%$88.1M$83.2M100xas long as short
edgeX HYPEUSDC+0.0057%4h93.961+0.582%$5.1M$30.0M30xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.656+0.256%$115.6M$316.7M50xas long as short
Bluefin HYPE-PERP+0.0083%1h93.651+0.250%$76K$170K20xas long as short
Phemex HYPEUSDT+0.0094%8h93.679+0.280%$12.8M$2.6M50xas long as short
Lighter HYPE+0.0096%1h93.674+0.275%$19.1M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.657+0.257%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.540+0.132%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.596+0.191%$398K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.554+0.146%$340K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.550+0.142%$17K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.515+0.105%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.714+0.318%$2.04B$675.4M10xas long as short
Pacifica HYPE+0.0100%1h93.571+0.165%$10.1M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.528+0.119%$204K$12K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.670+0.271%$46.6M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.683+0.285%$227.1M$101.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.670+0.271%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.688+0.290%$7.7M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.939+0.559%$31.4M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.991+0.615%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.940+0.560%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.838+0.451%$679K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.603+0.199%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.596+0.192%$473K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.673+0.274%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.653+0.253%$2.0M$2.0M10xas long as short
Extended HYPE-USDshort+0.0104%1h93.623+0.221%$18.7M$44.5M50x
Coinbase International HYPE-PERP-INTX+0.0144%1h93.590+0.185%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0179%4h93.552+0.145%$17.0M$12.1M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+1.149%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.571+0.164%$2.7M$6.8M20xas long as short
Kalshi KXHYPEPERP+0.0227%8h93.642+0.241%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.568+0.161%$79K$142K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0156%1h93.615+0.212%$1.4M—100xas long as short
HTX HYPE-USDT+0.0373%4h93.850+0.464%$1.5M$6.1M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0615%1h93.757+0.364%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0673%1h93.761+0.368%$20.9M$29.8M50xas long as short