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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: ApeX Omni against Binance−0.499%109s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.275% of the position
Long on BinanceShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$1 on $10k
Price spread, last 7 days+0.447%+$45 · spread now −0.499%, 7d avg −0.020%
Together, before fees+0.461%+$46 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.479% cheaper against Binance than usual: you would sell low and buy high, −$48 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance HYPEUSDT93.5620.0100pay 0.0050% / 4h2h 21m$375.2M$911.8M75x
ShortApeX Omni HYPEUSDT93.0950.0100get 0.0013% / 1h21m 37s$341K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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
$0
Price spread: −0.499% → −0.020%
−$47.92
Slippage, 4 orders
−$7.47
Fee Binance: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$75.39
Costs to cover
0.275%
Break-even
never at this rate
Slippage from Binance: live order book, 7 min ago; ApeX Omni: live order book, 2 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 Binance live order book, 7 min ago0.05 bp5.5 bp −$67.3 bp −$7315.5 bp −$1,554doesn't fit
Sell ApeX Omni live order book, 2 min ago2.04 bp8.4 bp −$812.9 bp −$129doesn'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−0.1408%1h93.184−0.404%$197K$238K7xas long as short
Aftermath Perps HYPEUSD−0.0385%1h93.269−0.313%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.373−0.202%$3K$33125xas long as short
Bullet HYPE-USD−0.0055%1h93.432−0.139%$111K$581K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.428−0.143%$146K$672K20xas long as short
01 Exchange HYPEUSD−0.0008%1h93.467−0.102%$88K$365K20xas long as short
dYdX HYPE-USD0.0000%1h93.560−0.002%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.399−0.174%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.450−0.120%$62K—150xas long as short
Arcus HYPE-USD+0.0011%1h93.637+0.080%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0012%4h93.632+0.075%$225.9M$98.9M75xas long as short
Bybit HYPEUSDT+0.0019%8h93.584+0.024%$317.8M$282.3M75xas long as short
Phoenix HYPE+0.0026%1h93.255−0.328%$207K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0032%1h93.620+0.062%$704K$1.2M10xas long as short
Phemex HYPEUSDT+0.0052%8h93.461−0.108%$12.7M$2.8M50xas long as short
edgeX HYPEUSDC+0.0085%4h93.101−0.493%$4.9M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.566+0.004%$340K$157K20xas long as short
Lighter HYPE+0.0096%1h93.529−0.035%$16.1M$63.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.554−0.009%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.435−0.136%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.690+0.137%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.355−0.222%$8.0M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.528−0.036%$2.04B$666.2M10xas long as short
Aster HYPEUSDT+0.0100%4h93.548−0.015%$8.7M$36.3M300xas long as short
Pacifica HYPE+0.0100%1h93.590+0.030%$10.1M$15.3M20xas long as short
Binance HYPEUSDTlong+0.0100%4h93.562long leg$375.2M$911.8M75x
OKX HYPE-USDT-SWAP+0.0100%8h93.627+0.069%$114.8M$310.4M50xas long as short
Bulk HYPE-USD+0.0100%1h93.358−0.218%$216K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.590+0.030%$47.1M$54.5M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.621+0.063%$90.4M$81.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.589+0.029%$46.3M$18.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.630+0.073%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.524−0.041%$7.2M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.070−0.526%$28.4M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.294−0.287%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.095−0.499%$341K$1.0M50x
StandX HYPE-USD+0.0100%1h93.255−0.328%$667K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.456−0.113%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.444−0.126%$484K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.460−0.109%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.459−0.110%$16.1M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.435−0.136%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.474−0.094%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.550−0.013%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.599+0.039%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.452−0.118%$395K$158K20xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.470−0.098%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.140−0.451%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.440−0.130%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.415−0.157%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.449−0.120%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.312−0.267%$16.8M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.540−0.024%$20.8M$29.5M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0456%1h93.558−0.004%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.742+0.192%$3.2M$6.2M20xas long as short