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 05:14 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.076%
Price spread now: Perpl against Arcus+0.035%7-day average +0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ArcusShort on Perpl
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.041%+$4 on $10k
Price spread, last 4 days (all we have)+0.244%+$24 · spread now +0.035%, 7d avg +0.056%
Together, before fees+0.286%+ Points / potential airdropPerpl: Active · farm board+$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Perpl is 0.021% cheaper against Arcus than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.056%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus HYPE-USD93.2070.0011pay 0.0001% / 1h41m 20s$1.0M$3.9M10x
ShortPerpl HYPE93.2390get 0.0000% / 43m21m 20s$22K$290K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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
−$2.23
Price spread: +0.035% → +0.056%
−$2.1
Slippage, 4 orders
no order book: not counted
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$22.63
Costs to cover
0.183%
Break-even
never at this rate
Slippage unknown: Arcus: live order book, 3 min ago; Perpl: 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 bp3.5 bp −$34.8 bp −$4822.2 bp −$2,220doesn't fit
Sell Perpl no order-book sample—————
Perpl: 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 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−0.1760%1h93.205−0.002%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0367%1h93.431+0.240%$22K$21K10xas long as short
Bullet HYPE-USD−0.0081%1h93.186−0.023%$111K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.322+0.123%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0024%4h93.178−0.031%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0024%1h93.252+0.048%$87K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.319+0.120%$128K$29K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.214+0.008%$1.8M$5.6M2.3xas long as short
Perpl HYPEshort0.0000%43m93.239+0.035%$22K$290K10x
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.196−0.012%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USDlong+0.0011%1h93.207long leg$1.0M$3.9M10x
Bitget HYPEUSDT+0.0016%4h93.171−0.039%$225.4M$98.9M75xas long as short
Ondo Perps HYPE-USD.P+0.0019%1h93.260+0.057%$701K$1.2M10xas long as short
Bybit HYPEUSDT+0.0023%8h93.160−0.050%$316.6M$283.7M75xas long as short
Phoenix HYPE+0.0026%1h93.305+0.105%$209K$1.2M10xas long as short
Phemex HYPEUSDT+0.0036%8h93.209+0.002%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0084%4h93.341+0.144%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.282+0.080%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.203−0.005%$16.1M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.198−0.010%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.225+0.019%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.230+0.025%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.219+0.012%$8.0M$48.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.267+0.064%$2.03B$668.4M10xas long as short
Aster HYPEUSDT+0.0100%4h93.155−0.056%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.267+0.064%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.139−0.073%$373.2M$912.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.169−0.041%$114.4M$308.6M50xas long as short
Gate HYPE_USDT+0.0100%4h93.164−0.046%$46.4M$54.1M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.223+0.017%$90.5M$80.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.183−0.026%$46.0M$18.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.173−0.036%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.373+0.178%$7.3M$10.9M20xas long as short
Variational Omni HYPE+0.0100%8h93.419+0.227%$28.7M$56.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.468+0.280%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.345+0.148%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.354+0.158%$668K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.298+0.097%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.237+0.032%$501K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.189−0.019%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.164−0.046%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.218+0.012%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.190−0.018%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.350+0.153%$1.4M$6.4M75xas long as short
Bulk HYPE-USD+0.0100%1h93.344+0.147%$215K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.149−0.062%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.179−0.031%$394K$161K20xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.190−0.018%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.260+0.057%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.204−0.004%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.209+0.003%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.200−0.008%$16.8M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0342%1h93.264+0.061%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0415%1h93.276+0.074%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.302+0.102%$3.2M$6.2M20xas long as short