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 02:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.011%
Price spread now: Extended against Bullet−0.025%7-day average −0.064% · 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−$17as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Long on BulletShort on Extended
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.017%+$2 on $10k
Price spread, last 4 days (all we have)−1.200%−$120 · spread now −0.025%, 7d avg −0.064%
Together, before fees−1.183%+ Points / potential airdropExtended: Active · farm board−$118 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 Extended is 0.038% dearer against Bullet than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.8170.0056pay 0.0007% / 1h28m 58s$112K$578K20x
ShortExtended HYPE-USD93.7930.0104get 0.0013% / 1h28m 58s$18.3M$44.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$10.1
Price spread: −0.025% → −0.064%
$3.83
Slippage, 4 orders
−$7.57
Fee Bullet: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$6.64
Costs to cover
0.206%
Break-even
11.6 days
Slippage from Bullet: live order book, 40 min ago; Extended: live order book, 5 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, 40 min ago0.64 bp6.4 bp −$612.3 bp −$123doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago0.05 bp2.6 bp −$33.9 bp −$3923.3 bp −$2,327doesn't fit

HYPE on 54 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−0.0904%1h93.685−0.141%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.697−0.128%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0151%1h93.587−0.245%$22K$21K10xas long as short
Phemex HYPEUSDT−0.0134%8h93.757−0.064%$12.7M$2.7M50xas long as short
Ondo Perps HYPE-USD.P−0.0092%1h93.600−0.231%$701K$958K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.716−0.108%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.776−0.044%$156K$648K20xas long as short
01 Exchange HYPEUSD−0.0056%1h93.834+0.018%$86K$350K20xas long as short
Gate HYPE_USDT−0.0050%4h93.8170.000%$44.5M$54.8M75xas long as short
Backpack HYPE_USDC_PERP−0.0046%1h93.773−0.047%$7.8M$10.3M20xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0011%4h93.838+0.023%$8.9M$36.0M300xas long as short
Bybit HYPEUSDT−0.0001%8h93.810−0.007%$322.2M$281.5M75xas long as short
dYdX HYPE-USD0.0000%1h93.868+0.054%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.814−0.003%$22K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.825+0.008%$26K—150xas long as short
BingX HYPE-USDT+0.0006%4h93.814−0.003%—$53.9M—as long as short
Bullet HYPE-USDlong+0.0056%1h93.817long leg$112K$578K20x
MEXC HYPE_USDT+0.0058%4h93.821+0.004%$88.1M$82.8M100xas long as short
edgeX HYPEUSDC+0.0059%4h93.654−0.173%$5.1M$30.1M30xas long as short
Binance HYPEUSDT+0.0060%4h93.826+0.010%$381.7M$897.8M75xas long as short
Phoenix HYPE+0.0060%1h93.705−0.119%$211K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0067%8h93.824+0.007%$115.4M$309.9M50xas long as short
Derive HYPE-PERP+0.0092%1h93.770−0.051%$16.3M$7.7M10xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.856+0.042%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.829+0.013%$16.4M$62.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.816−0.001%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.818+0.001%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.806−0.012%$399K$177K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.800−0.018%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.808−0.009%$5.7M$45.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.926+0.116%$2.05B$671.2M10xas long as short
Pacifica HYPE+0.0100%1h93.837+0.021%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.835+0.019%$46.3M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.819+0.002%$227.0M$98.6M75xas long as short
Variational Omni HYPE+0.0100%8h93.610−0.220%$31.0M$54.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.468−0.372%$7.5M$48.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.658−0.170%$338K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.762−0.059%$669K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.857+0.043%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.843+0.028%$470K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.783−0.036%$79K$172K20xas long as short
SunX HYPE-USDT+0.0100%4h93.883+0.070%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.790−0.029%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.348−0.500%$203K$10K10xas long as short
Extended HYPE-USDshort+0.0104%1h93.793−0.025%$18.3M$44.4M50x
Coinbase International HYPE-PERP-INTX+0.0136%1h93.850+0.035%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.790−0.029%$30K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.864+0.050%$3.2M$7.0M20xas long as short
HTX HYPE-USDT+0.0217%4h93.979+0.173%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0254%1h93.813−0.005%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0270%8h93.872+0.059%$1.9M$5.1M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.825+0.009%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0389%1h93.893+0.081%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0679%1h93.883+0.070%$21.0M$29.9M50xas long as short