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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 00:00 UTC+0.0333%/8h= +36.4% APRpaid last 24h +0.050%
Price spread now: SunX against Arcus+0.122%7-day average +0.099% · 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−$61as in the Price arb table
costs, in and out, $10k−$630.630% of the position
Long on ArcusShort on SunX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.074%+$7 on $10k
Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.122%, 7d avg +0.099%
Together, before fees+0.015%+$1 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 SunX is 0.023% dearer against Arcus than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.099%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.074% in total (about 7.9% a year). A funding rate is set anew for every payment. 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-USD93.759−0.0233get 0.0029% / 1h6m 16s$1.2M$3.8M10x
ShortSunX HYPE-USDT93.8730.0100get 0.0050% / 4h6m 16s$32K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.122% → +0.099%
$2.26
Slippage, 4 orders
−$50.49
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee SunX: 4 bp × 2 orders
−$8
Net
$9.1
Costs to cover
0.630%
Break-even
6.1 days
Slippage from Arcus: live order book, 3 min ago; SunX: live order book, 9 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, 3 min ago0.37 bp2.9 bp −$38.5 bp −$8527.3 bp −$2,730doesn't fit
Sell SunX live order book, 9 min ago19.39 bp33.2 bp −$33doesn'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
Hibachi HYPE/USDT-P−0.1320%1h93.960+0.214%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0367%1h93.902+0.153%$22K$22K10xas long as short
Arcus HYPE-USDlong−0.0233%1h93.759long leg$1.2M$3.8M10x
Ondo Perps HYPE-USD.P−0.0122%1h93.750−0.010%$704K$916K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.840+0.086%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.872+0.121%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0004%4h93.837+0.083%$170K$593K20xas long as short
dYdX HYPE-USD0.0000%1h93.941+0.194%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.859+0.107%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.865+0.113%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0003%1h93.775+0.018%$16.4M$7.2M10xas long as short
Phoenix HYPE+0.0009%1h93.978+0.234%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0016%4h93.867+0.115%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.830+0.076%$322.8M$283.9M75xas long as short
Phemex HYPEUSDT+0.0037%8h93.901+0.151%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0050%4h93.837+0.084%$383.6M$898.2M75xas long as short
MEXC HYPE_USDT+0.0052%4h93.846+0.093%$88.3M$82.3M100xas long as short
Popdex HYPEUSDT+0.0064%1h93.851+0.098%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0068%4h93.842+0.089%$44.1M$60.0M75xas long as short
edgeX HYPEUSDC+0.0070%4h93.898+0.149%$5.1M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0089%8h93.827+0.073%$115.8M$322.4M50xas long as short
Bullet HYPE-USD+0.0089%1h93.824+0.069%$112K$578K20xas long as short
Lighter HYPE+0.0096%1h93.908+0.159%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.866+0.114%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.830+0.075%$399K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.860+0.108%$38K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.886+0.135%$341K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.849+0.095%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.951+0.205%$2.04B$679.5M10xas long as short
Pacifica HYPE+0.0100%1h93.871+0.119%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889+0.138%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.851+0.098%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.837+0.083%$227.2M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.825+0.070%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.912+0.163%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812+0.057%$31.3M$54.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.967+0.222%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.874+0.123%$364K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.906+0.157%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.879+0.128%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.867+0.115%$471K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.827+0.073%$76K$171K20xas long as short
SunX HYPE-USDTshort+0.0100%4h93.873+0.122%$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.828+0.074%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.694%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.808+0.052%$18.3M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.940+0.193%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0156%8h93.887+0.137%$1.9M$5.0M2.3xas long as short
HTX HYPE-USDT+0.0191%4h94.050+0.310%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0210%4h93.870+0.118%$17.0M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.819+0.064%$77K$142K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0283%1h93.935+0.188%$7.5M$4.6M50xas long as short
RISEx HYPE/USDC+0.0284%1h93.903+0.154%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.861+0.109%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0578%1h93.949+0.202%$21.0M$29.5M50xas long as short