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 22:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h −0.009%
Price spread now: BingX against Bullet+0.019%7-day average −0.038% · 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−$18as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Long on BulletShort on BingX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.048%−$5 on $10k
Price spread, last 3 days (all we have)−0.458%−$46 · spread now +0.019%, 7d avg −0.038%
Together, before fees−0.505%−$51 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.057% dearer against Bullet than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.392−0.0016get 0.0002% / 1h36m 17s$112K$583K20x
ShortBingX HYPE-USDT93.4100.0100get 0.0050% / 4h2h 36m—$54.2M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$24.43
Price spread: +0.019% → −0.038%
$5.73
Slippage, 4 orders
−$6.19
Fee Bullet: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
$5.97
Costs to cover
0.242%
Break-even
5.3 days
Slippage from Bullet: live order book, 52 min ago; BingX: live order book, 8 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, 52 min ago0.54 bp7.7 bp −$812.0 bp −$120doesn't fitdoesn't fit
Sell BingX live order book, 8 min ago0.11 bp5.1 bp −$57.2 bp −$7212.0 bp −$1,20418.3 bp −$9,159

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−0.1120%1h93.436+0.047%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0256%1h93.396+0.004%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0254%1h93.350−0.045%$701K$940K10xas long as short
01 Exchange HYPEUSD−0.0088%1h93.435+0.046%$89K$348K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.300−0.098%$3K$33125xas long as short
Bullet HYPE-USDlong−0.0016%1h93.392long leg$112K$583K20x
Derive HYPE-PERP−0.0003%1h93.345−0.050%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.485+0.099%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.417+0.027%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.424+0.034%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0015%4h93.433+0.044%$8.9M$35.9M300xas long as short
Gate HYPE_USDT+0.0018%4h93.413+0.023%$44.1M$56.5M75xas long as short
Bybit HYPEUSDT+0.0035%8h93.400+0.009%$325.4M$287.4M75xas long as short
Phoenix HYPE+0.0068%1h93.527+0.145%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0070%4h93.408+0.017%$180K$529K20xas long as short
Popdex HYPEUSDT+0.0080%1h93.399+0.008%$56K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.458+0.070%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.417+0.027%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.439+0.050%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.400+0.009%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.405+0.014%$6.0M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.472+0.086%$2.03B$667.9M10xas long as short
Pacifica HYPE+0.0100%1h93.427+0.038%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.400+0.009%$385.2M$888.6M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.393+0.001%$114.7M$315.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.395+0.003%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.403+0.011%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.399+0.008%$92.8M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.422+0.032%$46.4M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.408+0.017%$226.9M$102.2M75xas long as short
BingX HYPE-USDTshort+0.0100%4h93.410+0.019%—$54.2M—
Backpack HYPE_USDC_PERP+0.0100%1h93.513+0.130%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.375−0.018%$28.9M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.408+0.018%$7.5M$44.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.381−0.012%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.490+0.105%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.453+0.065%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.436+0.047%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.398+0.007%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.443+0.055%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.389−0.003%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.407+0.016%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.370−0.023%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.373−0.020%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.336−0.059%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0116%8h93.483+0.098%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.400+0.009%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.397+0.005%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0253%1h93.491+0.106%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.330−0.066%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.444+0.056%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.449+0.061%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0340%4h93.662+0.289%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.477+0.091%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.492+0.107%$19.2M$25.9M50xas long as short