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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: GRVT against Bluefin+0.095%72s7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as 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−$430.425% of the position
Long on BluefinShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days+0.115%+$12 on $10k
Price spread, last 4 days (all we have)0.000%$0 · spread now +0.095%, 7d avg +0.024%
Together, before fees+0.116%+ Points / potential airdropGRVT: Active · farm board+$12 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 0.071% dearer against Bluefin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.024%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin HYPE-PERP93.0680.0100pay 0.0013% / 1h10m 12s$79K$167K20x
ShortGRVT HYPE_USDT_Perp93.1560.0100get 0.0050% / 4h3h 10m$7.5M$46.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: +0.095% → +0.024%
$7.07
Slippage, 4 orders
−$26.51
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$35.44
Costs to cover
0.425%
Break-even
never at this rate
Slippage from Bluefin: live order book, 44 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 Bluefin live order book, 44 min ago5.54 bp16.6 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 4 min ago0.05 bp5.3 bp −$56.1 bp −$61doesn'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−0.1808%1h93.008−0.064%$194K$231K7xas long as short
Aftermath Perps HYPEUSD−0.0321%1h93.058−0.011%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.058−0.011%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.071+0.003%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0051%4h93.047−0.023%$146K$671K20xas long as short
dYdX HYPE-USD0.0000%1h93.075+0.008%$128K$29K5xas long as short
Ondo Perps HYPE-USD.P0.0000%1h92.970−0.105%$700K$1.1M10xas long as short
Perpl HYPE0.0000%43m93.088+0.022%$22K$293K10xas long as short
Bullet HYPE-USD+0.0002%1h93.060−0.009%$111K$578K20xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.090+0.024%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0016%1h93.107+0.042%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h93.056−0.013%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0027%8h93.070+0.002%$317.5M$284.4M75xas long as short
Phemex HYPEUSDT+0.0030%8h93.045−0.025%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0036%4h93.080+0.013%$225.2M$98.8M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.081+0.014%$76K$1.1M50xas long as short
Gate HYPE_USDT+0.0054%4h93.084+0.017%$45.5M$54.9M75xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.105+0.040%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.075+0.008%$16.0M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.095+0.029%$3.1M$11.6M20xas long as short
edgeX HYPEUSDC+0.0099%4h93.100+0.034%$4.9M$29.7M30xas long as short
Katana Perps HYPE-USD+0.0099%8h93.060−0.009%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.061−0.008%$6.8M$46.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.136+0.073%$2.03B$670.1M10xas long as short
Aster HYPEUSDT+0.0100%4h93.116+0.052%$8.7M$36.3M300xas long as short
Pacifica HYPE+0.0100%1h93.101+0.035%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h93.109+0.044%$373.7M$910.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.095+0.029%$114.0M$305.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.125+0.061%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.077+0.010%$91.5M$81.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.077+0.010%$46.1M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.090+0.024%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.098+0.032%$7.3M$11.0M20xas long as short
Variational Omni HYPE+0.0100%8h93.028−0.043%$28.6M$56.7M—as long as short
GRVT HYPE_USDT_Perpshort+0.0100%4h93.156+0.095%$7.5M$46.8M10x
ApeX Omni HYPEUSDT+0.0100%1h93.126+0.062%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.104+0.039%$665K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.133+0.070%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.110+0.045%$488K$2.7M20xas long as short
Bluefin HYPE-PERPlong+0.0100%1h93.068long leg$79K$167K20x
Derive HYPE-PERP+0.0100%1h93.054−0.015%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.120+0.056%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.065−0.003%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.209+0.152%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.039−0.031%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.056−0.013%$393K$164K20xas long as short
Kalshi KXHYPEPERP+0.0117%8h93.149+0.087%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.120+0.056%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.147+0.084%$20.7M$29.4M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.410+0.367%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h93.072+0.004%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h93.093+0.027%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.074+0.006%$16.8M$11.8M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0556%1h93.173+0.113%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.144+0.082%$3.2M$6.3M20xas long as short