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 03:00 UTC+0.0068%/8h= +7.5% APRpaid last 24h +0.034%
Price spread now: Bluefin against Bybit+1.069%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs+$64as in the Price arb table
costs, in and out, $10k−$410.413% of the position
Long on BybitShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.047%−$5 on $10k
Price spread, last 4 days (all we have)−1.208%−$121 · spread now +1.069%, 7d avg +0.019%
Together, before fees−1.255%−$126 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bluefin is 1.050% dearer against Bybit than usual: you sell high and buy low: +$105 more if the spread goes back to its 7-day average of +0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit HYPEUSDT93.2540.0032pay 0.0032% / 8h5h 38m$321.0M$277.1M75x
ShortBluefin HYPE-PERP94.2510.0100get 0.0013% / 1h38m 15s$80K$170K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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
$14.38
Price spread: +1.069% → +0.019%
$104.97
Slippage, 4 orders
−$23.34
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
$78.01
Costs to cover
0.413%
Break-even
from the start
Slippage from Bybit: live order book, 1 min ago; Bluefin: live order book, 26 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, 1 min ago0.54 bp6.0 bp −$67.9 bp −$7915.1 bp −$1,50650.4 bp −$25.2K
Sell Bluefin live order book, 26 min ago4.82 bp12.5 bp −$13doesn't fitdoesn'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−0.1272%1h93.214−0.043%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.216−0.041%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0086%1h93.170−0.090%$700K$980K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.335+0.087%$3K$33125xas long as short
Phemex HYPEUSDT−0.0063%8h93.262+0.009%$12.6M$2.7M50xas long as short
01 Exchange HYPEUSD−0.0056%1h93.272+0.019%$85K$345K20xas long as short
Aftermath Perps HYPEUSD−0.0047%1h93.391+0.147%$22K$21K10xas long as short
Orderly PERP_HYPE_USDC−0.0046%4h93.258+0.004%$155K$633K20xas long as short
Bullet HYPE-USD−0.0005%1h93.259+0.005%$111K$577K20xas long as short
dYdX HYPE-USD0.0000%1h93.361+0.114%$128K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.352+0.105%$23K$322K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.306+0.055%$62K—150xas long as short
Aster HYPEUSDT+0.0017%4h93.271+0.018%$8.8M$35.5M300xas long as short
Phoenix HYPE+0.0026%1h93.398+0.154%$213K$1.2M10xas long as short
BingX HYPE-USDT+0.0026%4h93.253−0.001%—$53.0M—as long as short
Bybit HYPEUSDTlong+0.0032%8h93.254long leg$321.0M$277.1M75x
Gate HYPE_USDT+0.0050%4h93.307+0.057%$44.5M$54.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0077%8h93.260+0.006%$114.1M$301.8M50xas long as short
Lighter HYPE+0.0096%1h93.301+0.051%$16.3M$61.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.276+0.024%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.300+0.049%$69K$1.2M50xas long as short
MEXC HYPE_USDT+0.0096%4h93.263+0.010%$89.7M$80.7M100xas long as short
Binance HYPEUSDT+0.0097%4h93.264+0.011%$378.5M$876.6M75xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.367+0.121%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.300+0.049%$17K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.352+0.105%$5.8M$43.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.390+0.146%$2.04B$653.2M10xas long as short
Pacifica HYPE+0.0100%1h93.366+0.120%$10.0M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.580+0.350%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.298+0.047%$45.9M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.251−0.003%$225.5M$96.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.246−0.009%$7.4M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.317+0.067%$31.1M$53.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.553+0.320%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.487+0.250%$340K$999K50xas long as short
StandX HYPE-USD+0.0100%1h93.323+0.074%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.334+0.085%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.312+0.062%$471K$2.5M20xas long as short
Bluefin HYPE-PERPshort+0.0100%1h94.251+1.069%$80K$170K20x
Derive HYPE-PERP+0.0100%1h93.270+0.017%$16.2M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.331+0.083%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.279+0.027%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.253−0.001%$18.4M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.268+0.015%$397K$162K20xas long as short
edgeX HYPEUSDC+0.0108%4h93.349+0.102%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.360+0.114%$4.8M$5.6M50xas long as short
HTX HYPE-USDT+0.0195%4h93.490+0.253%$1.4M$6.0M75xas long as short
Reya HYPERUSDPERP+0.0257%1h93.256+0.003%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0277%8h93.353+0.106%$1.9M$5.1M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0286%1h93.371+0.125%$7.4M$4.4M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.303+0.053%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0337%4h93.271+0.018%$16.9M$11.6M75xas long as short
RISEx HYPE/USDC+0.0510%1h93.414+0.172%$3.2M$6.4M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.220−0.036%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0685%1h93.351+0.104%$20.7M$30.1M50xas long as short