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 01:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.014%
Price spread now: Katana Perps against Bluefin+0.045%7-day average −0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BluefinShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.036%+$4 on $10k
Price spread, last 3 days (all we have)−0.005%$0 · spread now +0.045%, 7d avg −0.015%
Together, before fees+0.032%+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Katana Perps is 0.059% dearer against Bluefin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin HYPE-PERP93.8480.0088pay 0.0011% / 1h6m 44s$76K$170K20x
ShortKatana Perps HYPE-USD93.8900.0100get 0.0100% / 8h7h 06m$31K$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
$2.52
Price spread: +0.045% → −0.015%
$5.94
Slippage, 4 orders
no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$2.34
Costs to cover
0.108%
Break-even
13.5 days
Slippage unknown: Bluefin: live order book, 2 min ago; Katana Perps: no order-book sample. Net counts fees only.

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, 2 min ago5.49 bp17.2 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Katana Perps no order-book sample—————
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1152%1h93.929+0.086%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.779−0.074%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0207%1h93.950+0.109%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0097%1h93.860+0.013%$710K$958K10xas long as short
dYdX HYPE-USD−0.0084%1h93.911+0.067%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h93.865+0.018%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.895+0.050%$3K$33125xas long as short
Phemex HYPEUSDT−0.0054%8h93.917+0.074%$12.8M$2.6M50xas long as short
Bullet HYPE-USD−0.0049%1h93.849+0.001%$113K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0032%4h93.846−0.002%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0016%4h93.843−0.005%$44.4M$60.3M75xas long as short
Perpl HYPE0.0000%43m93.909+0.065%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.886+0.041%$27K—150xas long as short
Aster HYPEUSDT+0.0007%4h93.842−0.006%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0010%1h93.817−0.033%$16.4M$7.6M10xas long as short
Bybit HYPEUSDT+0.0020%8h93.810−0.040%$322.9M$279.1M75xas long as short
Phoenix HYPE+0.0034%1h94.045+0.210%$214K$1.2M10xas long as short
MEXC HYPE_USDT+0.0054%4h93.812−0.038%$88.3M$83.3M100xas long as short
Binance HYPEUSDT+0.0054%4h93.828−0.021%$383.1M$893.8M75xas long as short
edgeX HYPEUSDC+0.0055%4h94.001+0.163%$5.1M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0072%8h93.791−0.061%$116.0M$314.3M50xas long as short
Bluefin HYPE-PERPlong+0.0088%1h93.848long leg$76K$170K20x
Lighter HYPE+0.0096%1h93.884+0.038%$18.9M$60.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.828−0.021%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.864+0.017%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.840−0.008%$399K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.921+0.078%$341K$165K20xas long as short
Katana Perps HYPE-USDshort+0.0100%8h93.890+0.045%$31K$1.6M10x
Nado HYPE-PERP+0.0100%1h93.874+0.027%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.919+0.076%$2.05B$668.4M10xas long as short
Pacifica HYPE+0.0100%1h93.847−0.001%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.851+0.003%$46.6M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.866+0.019%$227.3M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.850+0.002%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.818−0.032%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.920+0.076%$31.4M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.999+0.161%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.020+0.183%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.897+0.052%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.913+0.069%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.898+0.053%$474K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.917+0.074%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.871+0.025%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.894+0.049%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.802−0.049%$18.4M$45.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.900+0.055%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.810−0.040%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0218%4h93.919+0.076%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h93.915+0.071%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0244%8h93.947+0.105%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.857+0.009%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0156%1h93.886+0.040%$1.4M—100xas long as short
HTX HYPE-USDT+0.0367%4h94.069+0.235%$1.5M$5.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0410%1h93.963+0.123%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.955+0.114%$20.9M$29.8M50xas long as short