Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h −0.015%
Price spread now: Coinbase International against Bullet−0.049%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$320.316% of the position
Long on BulletShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.126%−$13 on $10k
Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.049%, 7d avg −0.040%
Together, before fees−0.139%−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.126%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.9160.0100pay 0.0013% / 1h54m 48s$113K$577K20x
ShortCoinbase International HYPE-PERP-INTX93.8700.0152get 0.0019% / 1h54m 48s$4.9M$5.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$10.92
Price spread: −0.049% → −0.040%
−$0.94
Slippage, 4 orders
−$13.62
Fee Bullet: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$21.64
Costs to cover
0.316%
Break-even
20.9 days
Slippage from Bullet: live order book, 24 min ago; Coinbase International: live order book, 4 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, 24 min ago0.22 bp8.9 bp −$915.0 bp −$150doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago3.73 bp9.1 bp −$914.1 bp −$14135.0 bp −$3,505doesn'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−0.0520%1h93.829−0.093%$199K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0484%1h93.731−0.197%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.866−0.054%$1.2M$3.8M10xas long as short
ApeX Omni HYPEUSDT−0.0160%1h93.896−0.022%$349K$1.1M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.9160.000%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.912−0.005%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.940+0.026%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.963+0.050%$28K—150xas long as short
Orderly PERP_HYPE_USDC+0.0014%4h93.940+0.025%$176K$526K20xas long as short
Bybit HYPEUSDT+0.0020%8h93.960+0.047%$324.8M$280.9M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HYPE-USD.P+0.0020%1h93.830−0.092%$703K$903K10xas long as short
Aster HYPEUSDT+0.0028%4h93.946+0.032%$8.9M$35.8M300xas long as short
Phoenix HYPE+0.0034%1h93.805−0.118%$215K$1.2M10xas long as short
Gate HYPE_USDT+0.0066%4h93.934+0.019%$44.5M$57.9M75xas long as short
edgeX HYPEUSDC+0.0067%4h93.855−0.065%$5.1M$29.7M30xas long as short
Derive HYPE-PERP+0.0069%1h93.885−0.033%$16.4M$6.9M10xas long as short
Phemex HYPEUSDT+0.0070%8h93.934+0.019%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0070%4h93.943+0.028%$90.6M$80.3M100xas long as short
Binance HYPEUSDT+0.0072%4h93.950+0.036%$386.0M$886.0M75xas long as short
Lighter HYPE+0.0096%1h94.000+0.089%$19.0M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.978+0.066%$3.1M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.941+0.026%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.941+0.026%$400K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.953+0.039%$341K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.940+0.025%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.941+0.027%$5.9M$44.1M10xas long as short
Pacifica HYPE+0.0100%1h93.961+0.048%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.992+0.081%$115.3M$315.0M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.959+0.046%$47.3M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.945+0.031%$227.7M$102.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.932+0.017%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.960+0.047%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.882−0.036%$32.1M$53.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.906−0.011%$7.6M$45.5M10xas long as short
StandX HYPE-USD+0.0100%1h93.925+0.009%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.961+0.048%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.962+0.049%$485K$2.5M20xas long as short
Bullet HYPE-USDlong+0.0100%1h93.916long leg$113K$577K20x
Bluefin HYPE-PERP+0.0100%1h93.946+0.032%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.991+0.080%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.938+0.023%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680−0.252%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h93.850−0.071%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.928+0.012%$18.6M$42.0M50xas long as short
01 Exchange HYPEUSD+0.0104%1h93.968+0.055%$91K$355K20xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.994+0.083%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTXshort+0.0152%1h93.870−0.049%$4.9M$5.7M50x
HTX HYPE-USDT+0.0223%4h94.099+0.195%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0248%1h93.933+0.018%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0280%4h93.930+0.015%$17.0M$12.3M75xas long as short
RISEx HYPE/USDC+0.0284%1h93.992+0.080%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0325%1h94.035+0.126%$7.4M$4.5M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.924+0.008%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.042+0.134%$21.0M$29.0M50xas long as short
Hyperliquid HYPE+0.0626%1h94.000+0.089%$2.05B$663.9M10xas long as short