Settings8H · net · $10k
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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 UTC+0.0173%/8h= +18.9% APRpaid last 24h +0.021%
Price spread now: Deribit against Bitget+0.112%58s7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as 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−$260.257% of the position
Long on BitgetShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.112%, 7d avg +0.062%
Together, before fees−0.031%−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.050% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.062%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPEUSDT93.5530.0100pay 0.0050% / 4h2h 14m$227.3M$102.4M75x
ShortDeribit HYPE_USDC-PERPETUAL93.6580.0273get 0.0034% / 1h14m 22s$7.4M$4.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$36.33
Price spread: +0.112% → +0.062%
$4.99
Slippage, 4 orders
−$6.68
Fee Bitget: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$15.65
Costs to cover
0.257%
Break-even
4.0 days
Slippage from Bitget: live order book, 5 min ago; Deribit: live order book, 5 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, 5 min ago0.05 bp6.5 bp −$710.8 bp −$108doesn't fitdoesn't fit
Sell Deribit live order book, 5 min ago1.60 bp6.6 bp −$713.1 bp −$131doesn'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−0.0936%1h93.570+0.018%$198K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0264%1h93.630+0.083%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0233%1h93.500−0.057%$702K$932K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.537−0.017%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.549−0.004%$90K$346K20xas long as short
Bullet HYPE-USD−0.0028%1h93.543−0.011%$111K$582K20xas long as short
Derive HYPE-PERP−0.0021%1h93.489−0.068%$16.4M$7.0M10xas long as short
dYdX HYPE-USD0.0000%1h93.645+0.098%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.542−0.011%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.564+0.011%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0020%4h93.536−0.018%$8.9M$35.8M300xas long as short
Gate HYPE_USDT+0.0028%4h93.530−0.025%$44.0M$57.4M75xas long as short
Bybit HYPEUSDT+0.0035%8h93.511−0.045%$325.7M$287.0M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.533−0.021%$58K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0059%4h93.542−0.012%$177K$520K20xas long as short
Phoenix HYPE+0.0068%1h93.603+0.053%$216K$1.2M10xas long as short
Lighter HYPE+0.0096%1h93.588+0.037%$18.6M$59.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.568+0.016%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.564+0.012%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.570+0.018%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.531−0.024%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.646+0.099%$2.04B$670.7M10xas long as short
Pacifica HYPE+0.0100%1h93.568+0.016%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.531−0.024%$386.1M$888.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.528−0.027%$114.9M$315.7M50xas long as short
Arcus HYPE-USD+0.0100%1h93.520−0.035%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.690+0.146%$205K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.531−0.024%$93.6M$82.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.537−0.017%$46.4M$18.8M75xas long as short
Bitget HYPEUSDTlong+0.0100%4h93.553long leg$227.3M$102.4M75x
BingX HYPE-USDT+0.0100%4h93.526−0.029%—$54.3M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.576+0.025%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.561+0.008%$29.2M$50.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.632+0.085%$7.5M$45.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.601+0.051%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.588+0.037%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.578+0.027%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.574+0.022%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.530−0.025%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.615+0.066%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.535−0.019%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.524−0.031%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.517−0.039%$18.3M$41.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.505−0.051%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0107%4h93.591+0.041%$5.1M$29.7M30xas long as short
Kalshi KXHYPEPERP+0.0117%8h93.616+0.067%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.640+0.093%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.529−0.026%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUALshort+0.0273%1h93.658+0.112%$7.4M$4.6M50x
Injective HYPE/USDC PERP+0.0285%1h93.910+0.382%$31K$291K12xas long as short
HTX HYPE-USDT+0.0296%4h93.739+0.199%$1.5M$7.6M75xas long as short
BloFin HYPE-USDT+0.0340%4h93.532−0.022%$17.0M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0346% / S −0.0171%1h93.576+0.024%$1.5M—100xas long as short
RISEx HYPE/USDC+0.0467%1h93.605+0.056%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.638+0.091%$19.2M$26.0M50xas long as short