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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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: GRVT against BingX−0.034%84s7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as 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−$200.203% of the position
Long on BingXShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 7 days+0.020%+$2 · spread now −0.034%, 7d avg +0.018%
Together, before fees+0.082%+ Points / potential airdropGRVT: Active · farm board+$8 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: GRVT is 0.052% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HYPE-USDT93.2600.0100pay 0.0050% / 4h1h 40m—$54.0M—
ShortGRVT HYPE_USDT_Perp93.2280.0100get 0.0050% / 4h1h 40m$7.5M$45.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: −0.034% → +0.018%
−$5.22
Slippage, 4 orders
−$1.28
Fee BingX: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$25.5
Costs to cover
0.203%
Break-even
never at this rate
Slippage from BingX: live order book, 14 min ago; GRVT: 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 BingX live order book, 14 min ago0.16 bp5.2 bp −$55.5 bp −$558.3 bp −$83215.4 bp −$7,692
Sell GRVT live order book, 4 min ago0.05 bp4.6 bp −$55.4 bp −$54doesn'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
Aftermath Perps HYPEUSD−0.0360%1h93.275+0.016%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0160%1h93.252−0.009%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.266+0.006%$1.2M$4.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.329+0.074%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0068%1h93.270+0.011%$700K$924K10xas long as short
01 Exchange HYPEUSD−0.0008%1h93.312+0.056%$90K$361K20xas long as short
dYdX HYPE-USD0.0000%1h93.344+0.091%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.291+0.033%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.313+0.057%$23K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.323+0.068%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0014%4h93.295+0.037%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0016%1h93.235−0.027%$16.3M$7.1M10xas long as short
Bybit HYPEUSDT+0.0029%8h93.254−0.006%$323.8M$286.8M75xas long as short
Phoenix HYPE+0.0034%1h93.374+0.122%$214K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0035%4h93.273+0.014%$171K$519K20xas long as short
Gate HYPE_USDT+0.0056%4h93.257−0.003%$43.7M$57.8M75xas long as short
Bullet HYPE-USD+0.0060%1h93.287+0.029%$112K$578K20xas long as short
Binance HYPEUSDT+0.0096%4h93.268+0.009%$383.4M$892.1M75xas long as short
Lighter HYPE+0.0096%1h93.322+0.066%$18.5M$58.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.290+0.032%$3.1M$12.1M20xas long as short
MEXC HYPE_USDT+0.0096%4h93.266+0.006%$90.4M$81.6M100xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.305+0.049%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.290+0.032%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.285+0.027%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.297+0.040%$2.03B$672.5M10xas long as short
Pacifica HYPE+0.0100%1h93.329+0.074%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.255−0.005%$114.0M$313.8M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.139%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.287+0.029%$47.2M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.274+0.015%$226.1M$102.8M75xas long as short
BingX HYPE-USDTlong+0.0100%4h93.260long leg—$54.0M—
Backpack HYPE_USDC_PERP+0.0100%1h93.279+0.020%$7.9M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.354+0.101%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perpshort+0.0100%4h93.228−0.034%$7.5M$45.6M10x
ApeX Omni HYPEUSDT+0.0100%1h93.375+0.123%$413K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.385+0.134%$675K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.341+0.087%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.326+0.071%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.268+0.009%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.347+0.093%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.261+0.001%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.316+0.060%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.237−0.025%$18.2M$42.0M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.236−0.025%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0104%4h93.291+0.034%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0109%8h93.426+0.178%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.350+0.097%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.340+0.086%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0246%1h93.296+0.039%$78K$158K15xas long as short
HTX HYPE-USDT+0.0265%4h93.464+0.219%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.363+0.110%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0307%1h93.359+0.106%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0337%4h93.319+0.063%$16.9M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.326+0.071%$1.5M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.372+0.120%$20.9M$28.8M50xas long as short