Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

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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+0.0882%/8h= +96.6% APRnext payment +$1.10 per $10,000 · paid last 24h +0.062%
Price spread now: Lighter RH against Arcus+0.193%7-day average +0.014% · 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+$7as in the Price arb table
costs, in and out, $10k−$110.109% of the position
Long on ArcusShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.081%+$8 on $10k
Price spread, last 7 days−0.209%−$21 · spread now +0.193%, 7d avg +0.014%
Together, before fees−0.128%+ Points / potential airdropLighter RH: Points live · farm board−$13 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 Lighter RH is 0.179% dearer against Arcus than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.014%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.081% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.10 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-USD93.705−0.0786get 0.0098% / 1h24m 19s$1.2M$3.8M10x
ShortLighter RH HYPE93.8860.0096get 0.0012% / 1h24m 19s$3.1M$11.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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
$185.29
Price spread: +0.193% → +0.014%
$17.87
Slippage, 4 orders
−$6.38
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$192.28
Costs to cover
0.109%
Break-even
from the start
Slippage from Arcus: live order book, 5 min ago; Lighter RH: 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, 5 min ago0.59 bp3.3 bp −$38.6 bp −$8627.2 bp −$2,716doesn't fit
Sell Lighter RH live order book, 4 min ago0.11 bp0.2 bp $01.5 bp −$1527.0 bp −$2,704doesn't fit

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−0.0968%1h93.788+0.088%$197K$229K7xas long as short
Arcus HYPE-USDlong−0.0786%1h93.705long leg$1.2M$3.8M10x
Aftermath Perps HYPEUSD−0.0132%1h93.791+0.091%$22K$21K10xas long as short
Phemex HYPEUSDT−0.0129%8h93.855+0.160%$12.7M$2.7M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.854+0.159%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0074%1h93.860+0.165%$703K$926K10xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.817+0.120%$157K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.838+0.142%$85K$350K20xas long as short
Backpack HYPE_USDC_PERP−0.0041%1h93.842+0.146%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0028%4h93.852+0.157%$44.4M$55.1M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0002%4h93.861+0.166%—$53.7M—as long as short
Aster HYPEUSDT−0.0001%4h93.845+0.150%$8.9M$35.9M300xas long as short
dYdX HYPE-USD0.0000%1h93.936+0.247%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.857+0.162%$22K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.879+0.185%$26K—150xas long as short
Bybit HYPEUSDT+0.0005%8h93.840+0.144%$322.2M$281.3M75xas long as short
Phoenix HYPE+0.0060%1h93.904+0.212%$213K$1.2M10xas long as short
MEXC HYPE_USDT+0.0068%4h93.866+0.172%$87.9M$82.9M100xas long as short
Binance HYPEUSDT+0.0068%4h93.852+0.157%$382.0M$892.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0069%8h93.851+0.156%$115.3M$308.6M50xas long as short
Bullet HYPE-USD+0.0076%1h93.855+0.160%$112K$578K20xas long as short
edgeX HYPEUSDC+0.0079%4h93.907+0.215%$5.1M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.898+0.206%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.891+0.198%$16.4M$62.6M20xas long as short
Lighter RH HYPEshort+0.0096%1h93.886+0.193%$3.1M$11.9M20x
Popdex HYPEUSDT+0.0096%1h93.822+0.125%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.850+0.154%$399K$175K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.850+0.155%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.862+0.167%$5.7M$45.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.949+0.261%$2.05B$665.5M10xas long as short
Pacifica HYPE+0.0100%1h93.882+0.189%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.880+0.187%$46.5M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.854+0.159%$227.4M$98.6M75xas long as short
Variational Omni HYPE+0.0100%8h93.910+0.218%$31.1M$54.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.889+0.196%$7.6M$47.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.834+0.138%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.876+0.182%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.910+0.219%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.894+0.202%$474K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.820+0.123%$79K$171K20xas long as short
Derive HYPE-PERP+0.0100%1h93.822+0.124%$16.3M$7.7M10xas long as short
SunX HYPE-USDT+0.0100%4h93.949+0.260%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.904+0.212%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.880+0.187%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.791+0.091%$18.3M$44.3M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.960+0.272%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.760+0.059%$30K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.896+0.204%$3.2M$7.0M20xas long as short
HTX HYPE-USDT+0.0212%4h94.019+0.335%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0255%1h93.860+0.166%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0274%8h93.918+0.227%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.873+0.180%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0495%1h94.008+0.323%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0678%1h94.001+0.316%$21.0M$29.8M50xas long as short