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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 06:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.065%
Price spread now: Injective against Bulk−0.015%7-day average +0.115% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BulkShort on Injective
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.732%+$73 on $10k
Price spread, last 4 days (all we have)−0.124%−$12 · spread now −0.015%, 7d avg +0.115%
Together, before fees+0.608%+$61 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.131% cheaper against Bulk than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.115%). If the spread goes back, that is −$13 on $10k: about 20 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.732% in total) that is about 16 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk HYPE-USD93.3440.0100pay 0.0013% / 1h42m 26s$215K$15K10x
ShortInjective HYPE/USDC PERP93.3300.0122get 0.0015% / 1h42m 26s$30K$339K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Bulk. 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
$4.61
Price spread: −0.015% → +0.115%
−$13.08
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$15.49
Costs to cover
0.070%
Break-even
30.5 days
Slippage unknown: Bulk: live order book, 6 min ago; Injective: live order book, 7 min ago. 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 Bulk live order book, 6 min ago0.53 bp4.5 bp −$57.4 bp −$7414.9 bp −$1,48535.2 bp −$17.6K
Sell Injective live order book, 7 min ago15.47 bpdoesn't fitdoesn't fitdoesn'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−0.1776%1h93.218−0.135%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0371%1h93.461+0.125%$22K$21K10xas long as short
Bullet HYPE-USD−0.0096%1h93.300−0.047%$111K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.329−0.016%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0025%4h93.316−0.030%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0024%1h93.342−0.002%$87K$366K20xas long as short
Ondo Perps HYPE-USD.P−0.0006%1h93.260−0.090%$702K$1.2M10xas long as short
dYdX HYPE-USD0.0000%1h93.409+0.070%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.334−0.012%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.349+0.005%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0011%1h93.300−0.047%$1.0M$3.9M10xas long as short
Bitget HYPEUSDT+0.0016%4h93.319−0.027%$225.8M$98.9M75xas long as short
Bybit HYPEUSDT+0.0022%8h93.310−0.037%$317.2M$283.6M75xas long as short
Phoenix HYPE+0.0026%1h93.462+0.126%$209K$1.2M10xas long as short
Phemex HYPEUSDT+0.0033%8h93.366+0.023%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0081%4h93.544+0.214%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.372+0.030%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.350+0.006%$16.1M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.362+0.019%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.311−0.036%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.320−0.026%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.3440.000%$8.0M$48.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.379+0.037%$2.03B$668.4M10xas long as short
Aster HYPEUSDT+0.0100%4h93.315−0.031%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.350+0.006%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.326−0.020%$374.2M$912.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.340−0.005%$114.5M$309.1M50xas long as short
Gate HYPE_USDT+0.0100%4h93.305−0.042%$46.5M$54.1M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.321−0.025%$90.7M$80.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.320−0.026%$46.1M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.308−0.039%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.386+0.045%$7.3M$10.9M20xas long as short
Variational Omni HYPE+0.0100%8h93.419+0.080%$28.7M$56.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.468+0.133%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.432+0.094%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.453+0.116%$669K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.393+0.052%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.339−0.006%$502K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.325−0.021%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.321−0.025%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.299−0.049%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.331−0.014%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.500+0.167%$1.4M$6.4M75xas long as short
Bulk HYPE-USDlong+0.0100%1h93.344long leg$215K$15K10x
Extended HYPE-USD+0.0104%1h93.307−0.040%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.328−0.018%$395K$161K20xas long as short
Kalshi KXHYPEPERP+0.0105%8h93.414+0.075%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERPshort+0.0122%1h93.330−0.015%$30K$339K12x
Coinbase International HYPE-PERP-INTX+0.0144%1h93.440+0.103%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.306−0.041%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.340−0.005%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.333−0.012%$16.8M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.414+0.075%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0457%1h93.433+0.095%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.387+0.046%$3.2M$6.2M20xas long as short