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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−0.0001%/8h= −0.1% APRpaid last 24h +0.003%
Price spread now: Paradex against Bulk+0.565%7-day average −0.014% · 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+$41as in the Price arb table
costs, in and out, $10k−$160.164% of the position
Long on BulkShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.008%+$1 on $10k
Price spread, last 4 days (all we have)−0.513%−$51 · spread now +0.565%, 7d avg −0.014%
Together, before fees−0.505%+ Points / potential airdropParadex: Active · farm board−$50 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: Paradex is 0.579% dearer against Bulk than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk HYPE-USD93.5280.0100pay 0.0013% / 1h14m 44s$204K$12K10x
ShortParadex HYPE-USD-PERP94.0570.0099get 0.0099% / 8h7h 14m$342K$165K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$0.27
Price spread: +0.565% → −0.014%
$57.89
Slippage, 4 orders
−$5.45
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Paradex: 2 bp × 2 orders
−$4
Net
$41.17
Costs to cover
0.164%
Break-even
from the start
Slippage from Bulk: live order book, 59 min ago; Paradex: live order book, 59 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 Bulk live order book, 59 min ago0.53 bp4.0 bp −$45.9 bp −$5912.3 bp −$1,23235.8 bp −$17.9K
Sell Paradex live order book, 59 min ago1.23 bp3.2 bp −$36.8 bp −$68doesn'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−0.1256%1h93.810+0.301%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.914+0.412%$1.3M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0197%1h93.894+0.391%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0124%1h93.940+0.440%$708K$960K10xas long as short
Phemex HYPEUSDT−0.0123%8h94.039+0.546%$12.8M$2.6M50xas long as short
dYdX HYPE-USD−0.0101%1h94.003+0.508%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0088%1h94.057+0.565%$85K$361K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.002+0.506%$3K$33125xas long as short
Bullet HYPE-USD−0.0075%1h94.032+0.538%$113K$581K20xas long as short
Gate HYPE_USDT−0.0036%4h94.065+0.574%$44.5M$60.2M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0027%4h94.014+0.519%$160K$646K20xas long as short
Bybit HYPEUSDT−0.0008%8h94.053+0.561%$323.7M$280.9M75xas long as short
Perpl HYPE0.0000%43m94.034+0.541%$23K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.055+0.563%$27K—150xas long as short
Aster HYPEUSDT+0.0008%4h94.078+0.588%$8.9M$36.2M300xas long as short
Derive HYPE-PERP+0.0017%1h93.989+0.493%$16.4M$7.3M10xas long as short
Phoenix HYPE+0.0034%1h93.678+0.160%$218K$1.2M10xas long as short
MEXC HYPE_USDT+0.0042%4h94.083+0.593%$88.7M$83.2M100xas long as short
Binance HYPEUSDT+0.0045%4h94.088+0.599%$383.8M$895.9M75xas long as short
edgeX HYPEUSDC+0.0062%4h93.602+0.079%$5.1M$30.1M30xas long as short
OKX HYPE-USDT-SWAP+0.0075%8h94.067+0.576%$116.3M$317.5M50xas long as short
Aevo HYPE-PERP+0.0088%1h94.049+0.557%$400K$180K20xas long as short
Lighter HYPE+0.0096%1h94.101+0.612%$19.1M$60.2M20xas long as short
Lighter RH HYPE+0.0096%1h94.085+0.595%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.042+0.549%$65K$1.2M50xas long as short
Bluefin HYPE-PERP+0.0096%1h94.042+0.549%$76K$171K20xas long as short
Paradex HYPE-USD-PERPshort+0.0099%8h94.057+0.565%$342K$165K20x
Katana Perps HYPE-USD+0.0100%8h94.000+0.504%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.993+0.497%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.112+0.624%$2.05B$676.3M10xas long as short
Pacifica HYPE+0.0100%1h94.034+0.541%$10.2M$14.6M20xas long as short
Bulk HYPE-USDlong+0.0100%1h93.528long leg$204K$12K10x
KuCoin HYPEUSDTM+0.0100%4h94.071+0.580%$46.7M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.069+0.578%$227.9M$101.0M75xas long as short
BingX HYPE-USDT+0.0100%4h94.060+0.568%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.064+0.573%$7.7M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.810+0.302%$31.4M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.614+0.092%$7.5M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.656+0.136%$339K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.843+0.336%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h94.020+0.526%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.076+0.586%$476K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h94.142+0.656%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.076+0.586%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h94.048+0.555%$18.4M$45.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.060+0.568%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0181%4h94.072+0.581%$17.1M$12.2M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+1.028%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h94.061+0.570%$2.7M$6.8M20xas long as short
Kalshi KXHYPEPERP+0.0227%8h94.094+0.605%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h94.045+0.553%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0156%1h94.060+0.568%$1.4M—100xas long as short
HTX HYPE-USDT+0.0379%4h94.200+0.718%$1.5M$6.0M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0622%1h94.165+0.681%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0671%1h94.160+0.675%$21.0M$29.8M50xas long as short