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 08:00 UTC+0.0078%/8h= +8.6% APRnext payment +$0.78 per $10,000 · paid last 24h +0.021%
Price spread now: Variational Omni against Bybit+0.116%7-day average −0.010% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.032%+$3 on $10k
Price spread, last 7 days−0.132%−$13 · spread now +0.116%, 7d avg −0.010%
Together, before fees−0.100%+ Points / potential airdropVariational Omni: Active · farm board−$10 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 Variational Omni is 0.127% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit HYPEUSDT93.3100.0022pay 0.0022% / 8h2h 42m$317.2M$283.6M75x
ShortVariational Omni HYPE93.4190.0100get 0.0100% / 8h2h 42m$28.7M$56.6M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$16.47
Price spread: +0.116% → −0.010%
$12.69
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$18.16
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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 bp6.6 bp −$77.9 bp −$7916.6 bp −$1,65553.3 bp −$26.7K
Sell Variational Omni RFQ quote, 2 min ago0.42 bpdoesn't fit2.1 bp −$219.6 bp −$957doesn'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−0.1776%1h93.218−0.099%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0371%1h93.461+0.162%$22K$21K10xas long as short
Bullet HYPE-USD−0.0096%1h93.300−0.011%$111K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.329+0.020%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0025%4h93.316+0.006%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0024%1h93.342+0.034%$87K$366K20xas long as short
Ondo Perps HYPE-USD.P−0.0006%1h93.260−0.054%$702K$1.2M10xas long as short
dYdX HYPE-USD0.0000%1h93.409+0.106%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.334+0.025%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.349+0.042%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0011%1h93.300−0.011%$1.0M$3.9M10xas long as short
Bitget HYPEUSDT+0.0016%4h93.319+0.010%$225.8M$98.9M75xas long as short
Bybit HYPEUSDTlong+0.0022%8h93.310long leg$317.2M$283.6M75x
Phoenix HYPE+0.0026%1h93.462+0.163%$209K$1.2M10xas long as short
Phemex HYPEUSDT+0.0033%8h93.366+0.060%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0081%4h93.544+0.251%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.372+0.067%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.350+0.042%$16.1M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.362+0.056%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.311+0.001%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.320+0.011%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.344+0.037%$8.0M$48.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.379+0.074%$2.03B$668.4M10xas long as short
Aster HYPEUSDT+0.0100%4h93.315+0.005%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.350+0.043%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.326+0.017%$374.2M$912.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.340+0.032%$114.5M$309.1M50xas long as short
Gate HYPE_USDT+0.0100%4h93.305−0.005%$46.5M$54.1M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.321+0.012%$90.7M$80.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.320+0.011%$46.1M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.308−0.002%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.386+0.081%$7.3M$10.9M20xas long as short
Variational Omni HYPEshort+0.0100%8h93.419+0.116%$28.7M$56.6M—
GRVT HYPE_USDT_Perp+0.0100%4h93.468+0.169%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.432+0.131%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.453+0.153%$669K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.393+0.089%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.339+0.031%$502K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.325+0.016%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.321+0.011%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.299−0.012%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.331+0.023%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.500+0.204%$1.4M$6.4M75xas long as short
Bulk HYPE-USD+0.0100%1h93.344+0.037%$215K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.307−0.003%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.328+0.019%$395K$161K20xas long as short
Kalshi KXHYPEPERP+0.0105%8h93.414+0.111%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.330+0.021%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.440+0.139%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.306−0.004%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.340+0.032%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.333+0.025%$16.8M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.414+0.112%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0457%1h93.433+0.132%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.387+0.083%$3.2M$6.2M20xas long as short