Settings8H · net · $10k
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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 23:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h +0.007%
Price spread now: Aevo against Bullet+0.016%7-day average −0.006% · 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−$45as in the Price arb table
costs, in and out, $10k−$470.472% of the position
Long on BulletShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.013%+$1 on $10k
Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.016%, 7d avg −0.006%
Together, before fees−0.069%−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.022% dearer against Bullet than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.3700.0078pay 0.0010% / 1h42m 19s$112K$578K20x
ShortAevo HYPE-PERP93.3850.0104get 0.0013% / 1h42m 19s$397K$318K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Bullet. 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
$5.5
Price spread: +0.016% → −0.006%
$2.2
Slippage, 4 orders
−$23.22
Fee Bullet: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$39.53
Costs to cover
0.472%
Break-even
57.3 days
Slippage from Bullet: live order book, 42 min ago; Aevo: live order book, 42 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 Bullet live order book, 42 min ago0.48 bp7.1 bp −$79.1 bp −$91doesn't fitdoesn't fit
Sell Aevo live order book, 42 min ago4.37 bp13.2 bp −$1317.1 bp −$17122.6 bp −$2,259doesn'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
Aftermath Perps HYPEUSD−0.0360%1h93.244−0.136%$22K$22K10xas long as short
Arcus HYPE-USD−0.0131%1h93.335−0.038%$1.2M$4.0M10xas long as short
Hibachi HYPE/USDT-P−0.0128%1h93.251−0.128%$197K$230K7xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.338−0.035%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0044%1h93.150−0.236%$699K$924K10xas long as short
01 Exchange HYPEUSD−0.0008%1h93.431+0.065%$90K$361K20xas long as short
dYdX HYPE-USD0.0000%1h93.419+0.052%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.398+0.030%$57K$1.2M50xas long as short
Kalshi KXHYPEPERP0.0000%8h93.402+0.034%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.351−0.021%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.434+0.068%$20K—150xas long as short
Aster HYPEUSDT+0.0012%4h93.387+0.018%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0016%1h93.337−0.036%$16.3M$7.1M10xas long as short
Bybit HYPEUSDT+0.0031%8h93.390+0.021%$324.3M$287.0M75xas long as short
Phoenix HYPE+0.0034%1h93.278−0.099%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0037%4h93.373+0.003%$171K$519K20xas long as short
Gate HYPE_USDT+0.0062%4h93.383+0.014%$43.8M$57.8M75xas long as short
Bullet HYPE-USDlong+0.0078%1h93.370long leg$112K$578K20x
Lighter HYPE+0.0096%1h93.412+0.045%$18.5M$58.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.421+0.054%$3.1M$12.1M20xas long as short
MEXC HYPE_USDT+0.0096%4h93.396+0.028%$90.4M$81.6M100xas long as short
Binance HYPEUSDT+0.0096%4h93.415+0.048%$383.9M$891.8M75xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.383+0.014%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.380+0.010%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.397+0.029%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.420+0.054%$2.03B$672.2M10xas long as short
Pacifica HYPE+0.0100%1h93.393+0.024%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.363−0.008%$114.2M$314.3M50xas long as short
Bulk HYPE-USD+0.0100%1h92.884−0.521%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.404+0.036%$47.3M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.367−0.004%$226.4M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.405+0.037%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.389+0.020%$7.9M$11.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.236−0.144%$28.9M$50.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.228−0.152%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.375+0.005%$413K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.274−0.103%$675K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.420+0.053%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.381+0.011%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.434+0.068%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.365−0.006%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.340−0.032%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.402+0.034%—$454K5xas long as short
Extended HYPE-USD+0.0104%1h93.346−0.026%$18.2M$42.1M50xas long as short
Aevo HYPE-PERPshort+0.0104%1h93.385+0.016%$397K$318K20x
edgeX HYPEUSDC+0.0107%4h93.311−0.064%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.420+0.053%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.250−0.129%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0246%1h93.382+0.013%$78K$158K15xas long as short
HTX HYPE-USDT+0.0274%4h93.500+0.139%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.449+0.084%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0328%1h93.464+0.100%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0336%4h93.332−0.041%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.414+0.046%$1.5M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.503+0.143%$20.8M$28.8M50xas long as short