Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0231%/8h= −25.3% APRpaid last 24h −0.039%
Price spread now: Arcus against Bitget−0.172%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$250.246% of the position
Long on BitgetShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.034%−$3 on $10k
Price spread, last 7 days+0.195%+$20 · spread now −0.172%, 7d avg −0.004%
Together, before fees+0.161%+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Arcus is 0.168% cheaper against Bitget than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.034% in total (about -3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPEUSDT93.7800.0100pay 0.0050% / 4h1h 00m$227.4M$102.3M75x
ShortArcus HYPE-USD93.619−0.0131pay 0.0016% / 1h0m 03s$1.2M$3.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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: −0.172% → −0.004%
−$16.79
Slippage, 4 orders
−$8.14
Fee Bitget: 6 bp × 2 orders
−$12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$89.92
Costs to cover
0.246%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Arcus: 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 Bitget live order book, 4 min ago0.05 bp10.0 bp −$1013.2 bp −$13218.7 bp −$1,870doesn't fit
Sell Arcus live order book, 4 min ago0.05 bp2.5 bp −$34.7 bp −$4725.4 bp −$2,542doesn'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−0.0489%1h93.506−0.292%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0464%1h93.565−0.229%$198K$228K7xas long as short
Arcus HYPE-USDshort−0.0131%1h93.619−0.172%$1.2M$3.8M10x
Ondo Perps HYPE-USD.P−0.0130%1h93.490−0.309%$701K$897K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.683−0.103%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0016%1h93.734−0.049%$91K$356K20xas long as short
dYdX HYPE-USD0.0000%1h93.721−0.062%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.747−0.035%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.764−0.017%$28K—150xas long as short
Popdex HYPEUSDT+0.0008%1h93.703−0.082%$62K$1.2M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC+0.0015%4h93.791+0.012%$177K$524K20xas long as short
Aster HYPEUSDT+0.0015%4h93.771−0.010%$8.9M$35.7M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.770−0.011%$324.4M$280.8M75xas long as short
Phoenix HYPE+0.0034%1h93.456−0.345%$214K$1.2M10xas long as short
Derive HYPE-PERP+0.0061%1h93.713−0.071%$16.3M$6.9M10xas long as short
Gate HYPE_USDT+0.0062%4h93.771−0.010%$44.2M$59.1M75xas long as short
Binance HYPEUSDT+0.0064%4h93.795+0.016%$385.0M$885.0M75xas long as short
MEXC HYPE_USDT+0.0064%4h93.771−0.010%$90.8M$82.5M100xas long as short
Bullet HYPE-USD+0.0067%1h93.738−0.044%$112K$577K20xas long as short
edgeX HYPEUSDC+0.0071%4h93.562−0.232%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0083%8h93.708−0.077%$12.8M$2.6M50xas long as short
Lighter HYPE+0.0096%1h93.820+0.042%$18.7M$59.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.801+0.022%$3.1M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.750−0.032%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.686−0.101%$340K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.700−0.085%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.653−0.135%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.814+0.036%$2.04B$666.1M10xas long as short
Pacifica HYPE+0.0100%1h93.711−0.074%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.773−0.007%$114.6M$313.5M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.796+0.017%$47.2M$18.3M75xas long as short
Bitget HYPEUSDTlong+0.0100%4h93.780long leg$227.4M$102.3M75x
BingX HYPE-USDT+0.0100%4h93.774−0.006%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.805+0.027%$7.9M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.552−0.243%$30.9M$51.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.460−0.341%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.565−0.229%$416K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.557−0.238%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.714−0.071%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.744−0.038%$496K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.778−0.002%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.794+0.015%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.765−0.016%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680−0.107%$205K$7K10xas long as short
Extended HYPE-USD+0.0104%1h93.741−0.042%$18.3M$41.6M50xas long as short
Kalshi KXHYPEPERP+0.0118%8h93.809+0.031%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.830+0.053%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0219%4h93.947+0.178%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.770−0.011%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0248%1h93.716−0.069%$77K$155K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0251%1h93.859+0.084%$7.4M$4.5M50xas long as short
BloFin HYPE-USDT+0.0259%4h93.600−0.192%$16.9M$12.3M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.761−0.020%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.753−0.029%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0463%1h93.889+0.116%$21.0M$28.9M50xas long as short