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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 23:00 UTC+0.0231%/8h= +25.3% APRnext payment +$0.29 per $10,000 · paid last 24h +0.044%
Price spread now: Vest against Arcus+0.088%7-day average +0.035% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ArcusShort on Vest
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.053%−$5 on $10k
Price spread, last 3 days (all we have)+0.152%+$15 · spread now +0.088%, 7d avg +0.035%
Together, before fees+0.099%+ Points / potential airdropVest: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Vest is 0.053% dearer against Arcus than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.035%. Mind the row above: over the last 3 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.053% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 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-USD93.101−0.0131get 0.0016% / 1h37m 29s$1.2M$4.0M10x
ShortVest HYPE-PERP93.1830.0100get 0.0013% / 1h37m 29s—$454K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
$48.49
Price spread: +0.088% → +0.035%
$5.31
Slippage, 4 orders
no order book: not counted
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Vest: 1 bp × 2 orders
−$2
Net
$47.3
Costs to cover
0.065%
Break-even
0.2 days
Slippage unknown: Arcus: live order book, 2 min ago; Vest: 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, 2 min ago0.70 bp3.4 bp −$35.4 bp −$5423.3 bp −$2,333doesn't fit
Sell Vest no order-book sample—————
Vest: 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
Aftermath Perps HYPEUSD−0.0370%1h93.224+0.133%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0184%1h93.205+0.112%$197K$230K7xas long as short
Arcus HYPE-USDlong−0.0131%1h93.101long leg$1.2M$4.0M10x
Ondo Perps HYPE-USD.P−0.0103%1h93.150+0.053%$700K$924K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.161+0.064%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0016%1h93.125+0.026%$90K$361K20xas long as short
dYdX HYPE-USD0.0000%1h93.189+0.095%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.125+0.026%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.144+0.046%$23K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.269+0.180%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0008%4h93.142+0.044%$8.9M$36.0M300xas long as short
Bybit HYPEUSDT+0.0027%8h93.111+0.011%$323.2M$286.8M75xas long as short
Derive HYPE-PERP+0.0028%1h93.203+0.110%$16.3M$7.1M10xas long as short
Orderly PERP_HYPE_USDC+0.0034%4h93.240+0.149%$171K$519K20xas long as short
Phoenix HYPE+0.0034%1h93.374+0.293%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0035%1h93.106+0.006%$111K$579K20xas long as short
Gate HYPE_USDT+0.0038%4h93.134+0.035%$43.8M$57.9M75xas long as short
Binance HYPEUSDT+0.0089%4h93.122+0.023%$382.8M$892.5M75xas long as short
MEXC HYPE_USDT+0.0090%4h93.137+0.039%$89.8M$81.8M100xas long as short
Lighter HYPE+0.0096%1h93.189+0.095%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.168+0.072%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.143+0.045%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.150+0.053%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.120+0.020%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.169+0.073%$2.02B$670.1M10xas long as short
Pacifica HYPE+0.0100%1h93.153+0.056%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.1010.000%$113.8M$313.5M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.310%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.167+0.071%$47.2M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.123+0.024%$225.7M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.137+0.039%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.202+0.108%$7.8M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.354+0.272%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.268+0.179%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.246+0.156%$412K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.210+0.117%$674K$2.5M20xas long as short
Vest HYPE-PERPshort+0.0100%1h93.183+0.088%—$454K5x
Polymarket Perps HYPE-USD+0.0100%1h93.158+0.061%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.255+0.165%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.239+0.148%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.198+0.104%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.234+0.143%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.122+0.022%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.180+0.084%$396K$318K20xas long as short
edgeX HYPEUSDC+0.0106%4h93.228+0.137%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.288+0.201%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.310+0.224%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.150+0.053%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.100−0.001%$78K$158K15xas long as short
HTX HYPE-USDT+0.0262%4h93.366+0.285%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.204+0.111%$2.8M$6.8M20xas long as short
BloFin HYPE-USDT+0.0336%4h93.252+0.162%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.264+0.175%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0351%1h93.302+0.216%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.300+0.214%$20.8M$28.9M50xas long as short