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 00:00 UTC+0.0333%/8h= +36.4% APRnext payment +$0.42 per $10,000 · paid last 24h +0.054%
Price spread now: Pacifica against Arcus+0.140%7-day average +0.013% · 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−$3as in the Price arb table
costs, in and out, $10k−$160.158% of the position
Long on ArcusShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.072%+$7 on $10k
Price spread, last 7 days−0.165%−$17 · spread now +0.140%, 7d avg +0.013%
Together, before fees−0.093%+ Points / potential airdropPacifica: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Pacifica is 0.127% dearer against Arcus than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.013%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.072% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 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-USD93.659−0.0233get 0.0029% / 1h59m 20s$1.2M$3.8M10x
ShortPacifica HYPE93.7900.0100get 0.0013% / 1h59m 20s$10.1M$14.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$69.83
Price spread: +0.140% → +0.013%
$12.67
Slippage, 4 orders
−$3.28
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$66.72
Costs to cover
0.158%
Break-even
0.3 days
Slippage from Arcus: live order book, 5 min ago; Pacifica: live order book, 5 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 ago0.05 bp4.8 bp −$58.5 bp −$8525.5 bp −$2,549doesn't fit
Sell Pacifica live order book, 5 min ago0.05 bp4.4 bp −$4doesn'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
Aftermath Perps HYPEUSD−0.0489%1h93.552−0.115%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0464%1h93.565−0.100%$198K$228K7xas long as short
Arcus HYPE-USDlong−0.0233%1h93.659long leg$1.2M$3.8M10x
Hotstuff HYPE-PERP−0.0080%1h93.776+0.125%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.819+0.171%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.745+0.091%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.780+0.129%$28K—150xas long as short
Orderly PERP_HYPE_USDC+0.0014%4h93.761+0.109%$176K$524K20xas long as short
Bybit HYPEUSDT+0.0019%8h93.750+0.097%$324.2M$280.4M75xas long as short
Aster HYPEUSDT+0.0020%4h93.758+0.106%$8.9M$35.7M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0034%1h93.753+0.100%$215K$1.2M10xas long as short
01 Exchange HYPEUSD+0.0040%1h93.790+0.140%$91K$355K20xas long as short
Derive HYPE-PERP+0.0061%1h93.713+0.058%$16.3M$6.9M10xas long as short
MEXC HYPE_USDT+0.0062%4h93.757+0.105%$90.7M$80.2M100xas long as short
Gate HYPE_USDT+0.0066%4h93.749+0.096%$44.2M$57.6M75xas long as short
Binance HYPEUSDT+0.0067%4h93.765+0.113%$384.9M$885.0M75xas long as short
edgeX HYPEUSDC+0.0071%4h93.562−0.104%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0083%8h93.708+0.052%$12.8M$2.6M50xas long as short
Ondo Perps HYPE-USD.P+0.0084%1h93.690+0.033%$701K$901K10xas long as short
Lighter HYPE+0.0096%1h93.841+0.194%$18.7M$58.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.787+0.137%$3.0M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.749+0.096%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.750+0.097%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.769+0.118%$341K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.730+0.076%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.769+0.118%$5.9M$44.1M10xas long as short
Pacifica HYPEshort+0.0100%1h93.790+0.140%$10.1M$14.5M20x
OKX HYPE-USDT-SWAP+0.0100%8h93.757+0.105%$114.7M$313.4M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.770+0.119%$47.2M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.749+0.096%$227.3M$102.3M75xas long as short
BingX HYPE-USDT+0.0100%4h93.744+0.091%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.805+0.156%$7.9M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.552−0.114%$30.9M$51.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.616−0.046%$7.5M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.565−0.100%$416K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.677+0.019%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.756+0.103%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.772+0.121%$496K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.753+0.101%$112K$577K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.764+0.112%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.794+0.144%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.765+0.113%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680+0.022%$205K$7K10xas long as short
Extended HYPE-USD+0.0104%1h93.716+0.061%$18.3M$41.6M50xas long as short
Kalshi KXHYPEPERP+0.0118%8h93.809+0.160%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.830+0.183%$4.9M$5.7M50xas long as short
Hyperliquid HYPE+0.0219%1h93.825+0.177%$2.04B$666.2M10xas long as short
HTX HYPE-USDT+0.0219%4h93.947+0.307%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.770+0.119%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0248%1h93.740+0.087%$77K$155K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0251%1h93.859+0.214%$7.4M$4.5M50xas long as short
BloFin HYPE-USDT+0.0259%4h93.600−0.063%$16.9M$12.3M75xas long as short
RISEx HYPE/USDC+0.0284%1h93.796+0.146%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.752+0.100%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0463%1h93.889+0.245%$21.0M$28.9M50xas long as short