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 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%
Price spread now: Bulk against Bluefin+0.066%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$360.359% of the position
Long on BluefinShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.052%+$5 on $10k
Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.066%, 7d avg +0.041%
Together, before fees−0.006%−$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: Bulk is 0.025% dearer against Bluefin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin HYPE-PERP93.8270.0100pay 0.0013% / 1h5m 35s$76K$171K20x
ShortBulk HYPE-USD93.8890.0100get 0.0013% / 1h5m 35s$205K$7K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against Bluefin. 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: +0.066% → +0.041%
$2.48
Slippage, 4 orders
−$21.91
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$33.43
Costs to cover
0.359%
Break-even
never at this rate
Slippage from Bluefin: live order book, 9 min ago; Bulk: live order book, 8 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 Bluefin live order book, 9 min ago2.45 bp12.1 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Bulk live order book, 8 min ago0.53 bp6.0 bp −$67.6 bp −$7613.2 bp −$1,32437.8 bp −$18.9K

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−0.1320%1h93.960+0.141%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0367%1h93.902+0.080%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.732−0.101%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0126%1h93.760−0.071%$704K$919K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.817−0.011%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.842+0.016%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0004%4h93.837+0.011%$170K$593K20xas long as short
dYdX HYPE-USD0.0000%1h93.866+0.041%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.859+0.034%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.865+0.041%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0003%1h93.775−0.055%$16.4M$7.2M10xas long as short
Phoenix HYPE+0.0009%1h93.978+0.161%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0014%4h93.860+0.036%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.840+0.014%$322.9M$283.8M75xas long as short
Phemex HYPEUSDT+0.0037%8h93.889+0.066%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0047%4h93.824−0.003%$383.5M$898.3M75xas long as short
MEXC HYPE_USDT+0.0048%4h93.840+0.014%$88.2M$82.3M100xas long as short
Popdex HYPEUSDT+0.0064%1h93.851+0.026%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0066%4h93.834+0.007%$44.1M$60.0M75xas long as short
edgeX HYPEUSDC+0.0070%4h93.898+0.076%$5.1M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0088%8h93.838+0.012%$115.8M$322.4M50xas long as short
Bullet HYPE-USD+0.0089%1h93.824−0.003%$112K$578K20xas long as short
Lighter HYPE+0.0096%1h93.882+0.059%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.858+0.033%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.830+0.003%$399K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.820−0.007%$36K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.874+0.050%$341K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.849+0.023%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.947+0.128%$2.04B$679.7M10xas long as short
Pacifica HYPE+0.0100%1h93.850+0.025%$10.1M$14.5M20xas long as short
Bulk HYPE-USDshort+0.0100%1h93.889+0.066%$205K$7K10x
KuCoin HYPEUSDTM+0.0100%4h93.842+0.016%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.843+0.017%$227.3M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.837+0.011%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.869+0.045%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.016%$31.3M$54.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.967+0.149%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.874+0.050%$364K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.906+0.084%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.879+0.056%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.867+0.043%$471K$2.5M20xas long as short
Bluefin HYPE-PERPlong+0.0100%1h93.827long leg$76K$171K20x
SunX HYPE-USDT+0.0100%4h93.873+0.049%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.828+0.001%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.621%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.807−0.021%$18.3M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.940+0.120%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0156%8h93.902+0.080%$1.9M$5.0M2.3xas long as short
HTX HYPE-USDT+0.0192%4h94.011+0.196%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0210%4h93.870+0.046%$17.0M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.819−0.009%$77K$142K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0283%1h93.935+0.115%$7.5M$4.6M50xas long as short
RISEx HYPE/USDC+0.0284%1h93.879+0.056%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.861+0.037%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0578%1h93.949+0.130%$21.0M$29.5M50xas long as short