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

HYPE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0653%/8h= +71.5% APRnext payment +$0.82 per $10,000 · paid last 24h +0.076%
Price spread now: RISEx against Bullet+0.053%7-day average 0.000% · 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−$15as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Long on BulletShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.156%+$16 on $10k
Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.053%, 7d avg 0.000%
Together, before fees−0.121%−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and RISEx is 0.053% dearer against Bullet than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of 0.000%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.156% in total (about 16.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.415−0.0094get 0.0012% / 1h32m 02s$111K$579K20x
ShortRISEx HYPE/USDC93.4640.0559get 0.0070% / 1h32m 02s$3.2M$6.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$137.05
Price spread: +0.053% → 0.000%
$5.26
Slippage, 4 orders
−$6.4
Fee Bullet: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
$121.91
Costs to cover
0.204%
Break-even
0.8 days
Slippage from Bullet: live order book, 12 min ago; RISEx: live order book, 2 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, 12 min ago0.43 bp5.6 bp −$69.6 bp −$96doesn't fitdoesn't fit
Sell RISEx live order book, 2 min ago0.05 bp3.5 bp −$36.0 bp −$60doesn'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−0.1024%1h93.380−0.037%$198K$240K7xas long as short
Aftermath Perps HYPEUSD−0.0190%1h93.476+0.066%$22K$21K10xas long as short
Bullet HYPE-USDlong−0.0094%1h93.415long leg$111K$579K20x
Ondo Perps HYPE-USD.P−0.0082%1h93.400−0.016%$703K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.458+0.046%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0048%1h93.437+0.024%$86K$369K20xas long as short
Bluefin HYPE-PERP−0.0026%1h93.404−0.012%$79K$156K20xas long as short
Orderly PERP_HYPE_USDC−0.0022%4h93.390−0.027%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.517+0.109%$128K$28K5xas long as short
Perpl HYPE0.0000%43m93.428+0.014%$20K$290K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT+0.0002%8h93.366−0.052%$315.0M$288.0M75xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.445+0.032%$83K—150xas long as short
BingX HYPE-USDT+0.0002%4h93.402−0.014%—$53.5M—as long as short
Derive HYPE-PERP+0.0007%1h93.302−0.121%$16.2M$7.5M10xas long as short
Phoenix HYPE+0.0017%1h93.482+0.072%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0044%4h93.399−0.017%$225.0M$99.6M75xas long as short
Paradex HYPE-USD-PERP+0.0076%8h93.463+0.051%$334K$161K20xas long as short
edgeX HYPEUSDC+0.0080%4h93.460+0.049%$5.0M$30.6M30xas long as short
Arcus HYPE-USD+0.0084%1h93.377−0.041%$1.0M$4.0M10xas long as short
Phemex HYPEUSDT+0.0090%8h93.429+0.015%$12.8M$2.8M50xas long as short
Lighter HYPE+0.0096%1h93.412−0.004%$16.1M$64.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.407−0.009%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.434+0.020%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.460+0.048%$21K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.385−0.032%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.489+0.080%$2.04B$682.2M10xas long as short
Aster HYPEUSDT+0.0100%4h93.421+0.006%$8.8M$37.1M300xas long as short
Pacifica HYPE+0.0100%1h93.467+0.056%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.414−0.001%$373.8M$929.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.385−0.032%$115.3M$314.7M50xas long as short
Gate HYPE_USDT+0.0100%4h93.401−0.015%$48.5M$55.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.408−0.007%$90.5M$84.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.425+0.011%$46.3M$18.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.424+0.010%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.339−0.082%$28.7M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.507+0.098%$7.5M$48.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.469+0.058%$350K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.514+0.106%$677K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.472+0.061%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.435+0.021%$469K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.476+0.065%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.404−0.012%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.551+0.146%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.438+0.025%$216K$15K10xas long as short
Kalshi KXHYPEPERP+0.0103%8h93.514+0.106%$1.8M$5.6M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.370−0.048%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.406−0.010%$395K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.420+0.005%$4.7M$6.1M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0152% / S +0.0022%1h93.439+0.025%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.410+1.065%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.393−0.023%$77K$129K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0306%1h93.502+0.093%$7.4M$4.2M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.435+0.021%$16.9M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0416%1h93.485+0.075%$20.9M$29.6M50xas long as short
RISEx HYPE/USDCshort+0.0559%1h93.464+0.053%$3.2M$6.4M20x