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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 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: Polymarket Perps against Binance+0.024%7-day average −0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$190.185% of the position
Long on BinanceShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.038%−$4 on $10k
Price spread, last 7 days+0.024%+$2 · spread now +0.024%, 7d avg −0.055%
Together, before fees−0.013%−$1 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: Polymarket Perps is 0.079% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.055%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance HYPEUSDT93.3700.0100pay 0.0050% / 4h2h 50m$386.1M$890.2M75x
ShortPolymarket Perps HYPE-USD93.3920.0100get 0.0013% / 1h50m 16s$493K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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: +0.024% → −0.055%
$7.88
Slippage, 4 orders
−$0.55
Fee Binance: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$10.66
Costs to cover
0.185%
Break-even
never at this rate
Slippage from Binance: live order book, 9 min ago; Polymarket Perps: live order book, 4 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, 9 min ago0.05 bp5.1 bp −$56.1 bp −$6115.6 bp −$1,559doesn't fit
Sell Polymarket Perps live order book, 4 min ago0.05 bp4.4 bp −$45.9 bp −$5911.8 bp −$1,176doesn'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−0.1280%1h93.248−0.130%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0188%1h93.210−0.171%$700K$949K10xas long as short
Aftermath Perps HYPEUSD−0.0136%1h93.337−0.035%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0088%1h93.395+0.027%$89K$344K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.301−0.074%$3K$33125xas long as short
Bullet HYPE-USD−0.0034%1h93.332−0.041%$113K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.407+0.040%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.446+0.081%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.373+0.003%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.398+0.030%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0006%4h93.348−0.024%$8.9M$36.3M300xas long as short
Gate HYPE_USDT+0.0008%4h93.352−0.019%$44.1M$56.2M75xas long as short
Derive HYPE-PERP+0.0017%1h93.309−0.066%$16.4M$7.1M10xas long as short
Bybit HYPEUSDT+0.0041%8h93.343−0.029%$325.4M$288.3M75xas long as short
Phoenix HYPE+0.0068%1h93.368−0.002%$215K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0076%4h93.3700.000%$180K$536K20xas long as short
Lighter HYPE+0.0096%1h93.405+0.037%$18.5M$59.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.375+0.005%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.388+0.019%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.3700.000%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.394+0.025%$6.0M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.407+0.040%$2.03B$668.5M10xas long as short
Pacifica HYPE+0.0100%1h93.379+0.010%$10.0M$14.5M20xas long as short
Binance HYPEUSDTlong+0.0100%4h93.370long leg$386.1M$890.2M75x
OKX HYPE-USDT-SWAP+0.0100%8h93.354−0.017%$114.7M$316.3M50xas long as short
Arcus HYPE-USD+0.0100%1h93.329−0.044%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.037%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.356−0.015%$92.4M$81.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.358−0.013%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.363−0.008%$226.8M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.355−0.016%—$54.4M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.368−0.002%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.295−0.080%$28.8M$49.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.383+0.014%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.287−0.089%$405K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.344−0.028%$675K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.401+0.033%—$454K5xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h93.392+0.024%$493K$2.6M20x
Bluefin HYPE-PERP+0.0100%1h93.366−0.004%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.389+0.020%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.342−0.030%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.346−0.026%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.377+0.008%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.343−0.028%$18.4M$41.0M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.361−0.009%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.276−0.101%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.420+0.054%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.358−0.012%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.230−0.150%$30K$231K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0285%1h93.449+0.085%$7.4M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.390+0.021%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.295−0.080%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0403%4h93.550+0.193%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.424+0.058%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.446+0.082%$19.2M$25.8M50xas long as short