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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.014%
Price spread now: gTrade (Gains Network) against BingX+0.022%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BingXShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.022% dearer against BingX than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HYPE-USDT93.9300.0100pay 0.0050% / 4h55m 25s—$53.9M—
ShortgTrade (Gains Network) HYPE/USD93.951L +0.0002% / S −0.0002%get 0.0000% / 1h55m 25s$28K—150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BingX. 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
−$20.48
Price spread: +0.022% → 0.000%
$2.24
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$38.25
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 8 min ago; gTrade (Gains Network): 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 BingX live order book, 8 min ago0.16 bp5.9 bp −$66.1 bp −$6110.9 bp −$1,09414.9 bp −$7,438
Sell gTrade (Gains Network) no order-book sample—————
gTrade (Gains Network): 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−0.0520%1h93.829−0.108%$199K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0486%1h93.686−0.260%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.866−0.068%$1.2M$3.8M10xas long as short
ApeX Omni HYPEUSDT−0.0160%1h93.896−0.036%$349K$1.1M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.916−0.015%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.912−0.019%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.940+0.011%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDshortL +0.0002% / S −0.0002%1h93.951+0.022%$28K—150x
Orderly PERP_HYPE_USDC+0.0014%4h93.9300.000%$176K$526K20xas long as short
Bybit HYPEUSDT+0.0020%8h93.923−0.007%$324.8M$280.6M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HYPE-USD.P+0.0020%1h93.830−0.106%$703K$903K10xas long as short
Aster HYPEUSDT+0.0027%4h93.949+0.020%$8.9M$35.8M300xas long as short
Phoenix HYPE+0.0034%1h93.805−0.133%$215K$1.2M10xas long as short
Gate HYPE_USDT+0.0066%4h93.934+0.004%$44.5M$57.9M75xas long as short
edgeX HYPEUSDC+0.0067%4h93.855−0.080%$5.1M$29.7M30xas long as short
Derive HYPE-PERP+0.0069%1h93.859−0.076%$16.4M$6.9M10xas long as short
MEXC HYPE_USDT+0.0070%4h93.940+0.011%$90.6M$80.3M100xas long as short
Binance HYPEUSDT+0.0070%4h93.940+0.011%$385.6M$885.7M75xas long as short
Phemex HYPEUSDT+0.0070%8h93.916−0.015%$12.8M$2.6M50xas long as short
Lighter HYPE+0.0096%1h93.979+0.052%$19.0M$58.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.958+0.030%$3.1M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.941+0.012%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.859−0.075%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.953+0.025%$341K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.940+0.011%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.941+0.012%$5.9M$44.1M10xas long as short
Pacifica HYPE+0.0100%1h93.961+0.033%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.932+0.002%$115.2M$314.8M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.944+0.015%$47.3M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.939+0.010%$227.7M$102.4M75xas long as short
BingX HYPE-USDTlong+0.0100%4h93.930long leg—$53.9M—
Backpack HYPE_USDC_PERP+0.0100%1h93.942+0.013%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.552−0.402%$30.9M$51.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.906−0.025%$7.6M$45.5M10xas long as short
StandX HYPE-USD+0.0100%1h93.925−0.005%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.961+0.033%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.962+0.034%$485K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.916−0.015%$113K$577K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.929−0.001%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.976+0.049%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.937+0.007%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680−0.266%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h93.750−0.192%$30K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.921−0.010%$18.6M$42.0M50xas long as short
01 Exchange HYPEUSD+0.0104%1h93.968+0.040%$91K$355K20xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.978+0.051%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.870−0.064%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0218%1h94.020+0.096%$7.4M$4.5M50xas long as short
HTX HYPE-USDT+0.0222%4h94.088+0.168%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0248%1h93.933+0.003%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0266%4h93.898−0.034%$17.0M$12.3M75xas long as short
RISEx HYPE/USDC+0.0284%1h93.992+0.065%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.897−0.036%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.049+0.126%$21.0M$29.0M50xas long as short
Hyperliquid HYPE+0.0649%1h93.997+0.071%$2.05B$667.7M10xas long as short