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

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h −0.003%
Price spread now: BingX against Bybit+0.003%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Long on BybitShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.018%−$2 on $10k
Price spread, last 7 days+0.003%$0 · spread now +0.003%, 7d avg +0.010%
Together, before fees−0.015%−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit HYPEUSDT93.3180.0042pay 0.0042% / 8h2h 51m$325.4M$288.3M75x
ShortBingX HYPE-USDT93.3210.0100get 0.0050% / 4h2h 51m—$54.4M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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
$12.24
Price spread: +0.003% → +0.010%
−$0.66
Slippage, 4 orders
−$2.88
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$12.3
Costs to cover
0.239%
Break-even
14.0 days
Slippage from Bybit: live order book, 2 min ago; BingX: 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 Bybit live order book, 2 min ago0.54 bp6.9 bp −$78.7 bp −$8716.3 bp −$1,63149.5 bp −$24.8K
Sell BingX live order book, 2 min ago0.11 bp5.3 bp −$56.8 bp −$6812.5 bp −$1,24618.3 bp −$9,147

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−0.1304%1h93.259−0.064%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0145%1h93.210−0.116%$699K$948K10xas long as short
Aftermath Perps HYPEUSD−0.0116%1h93.299−0.020%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0096%1h93.324+0.006%$89K$342K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.293−0.027%$3K$33125xas long as short
Bullet HYPE-USD−0.0005%1h93.311−0.008%$112K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.326+0.008%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.413+0.102%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.342+0.025%$23K$343K10xas long as short
Aster HYPEUSDT+0.0001%4h93.316−0.002%$8.9M$36.3M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.371+0.056%$20K—150xas long as short
Gate HYPE_USDT+0.0016%4h93.325+0.008%$44.1M$56.2M75xas long as short
Derive HYPE-PERP+0.0024%1h93.295−0.024%$16.4M$7.1M10xas long as short
Bybit HYPEUSDTlong+0.0042%8h93.318long leg$325.4M$288.3M75x
Phoenix HYPE+0.0068%1h93.336+0.019%$215K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0077%4h93.348+0.032%$180K$536K20xas long as short
Lighter HYPE+0.0096%1h93.382+0.068%$18.5M$59.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.353+0.038%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.308−0.011%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.320+0.002%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.305−0.013%$6.0M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.382+0.069%$2.03B$668.5M10xas long as short
Pacifica HYPE+0.0100%1h93.343+0.027%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.337+0.020%$386.0M$890.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.313−0.005%$114.7M$316.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.294−0.026%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.386+0.073%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.340+0.024%$92.2M$81.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.339+0.023%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.315−0.003%$226.7M$102.0M75xas long as short
BingX HYPE-USDTshort+0.0100%4h93.321+0.003%—$54.4M—
Backpack HYPE_USDC_PERP+0.0100%1h93.361+0.046%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.285−0.036%$28.8M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.383+0.070%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.338+0.021%$405K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.301−0.018%$675K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.349+0.033%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.357+0.042%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.341+0.025%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.327+0.010%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.340+0.024%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.340+0.024%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.339+0.022%$339K$171K20xas long as short
edgeX HYPEUSDC+0.0101%4h93.326+0.009%$5.1M$29.4M30xas long as short
Extended HYPE-USD+0.0104%1h93.282−0.039%$18.4M$41.0M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.364+0.049%$397K$318K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.440+0.131%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.339+0.022%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.130−0.201%$30K$231K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0317%1h93.448+0.139%$7.4M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.368+0.054%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.281−0.040%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0410%4h93.493+0.188%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.367+0.052%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.438+0.128%$19.2M$25.8M50xas long as short