Settings8H · net · $10k
My profile
Funding arb · Price arb / Crypto

HYPE

All HYPE markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotHYPEUSDT
79.874spotno funding——$47.1M1xBuy Bybit Spot
SHORT
BybitHYPEUSDT
79.833+0.0100get 0.0100% / 8h7h 46m$251.0M$292.2M75xShort Bybit
Price gap−0.051%
Funding gap+0.0100% /8h

Funding trade: +$3 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$13+0.0100% /8h now · paid +0.131% over the last 7D
Price−$1spread −0.051% now, avg −0.039% → −0.012% if it goes back
Costs−$440.442% of $10k · taker + slippage, in and out
Result−$32−0.32%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.051%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HYPE on 54 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Watch: Thin at this size15.5 / 6.1 bp
    At $10k entering Bybit Spot costs 15.5 bp, fee and slippage, 2.6× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $133
    The spot leg is bought with the whole $10k; Bybit runs at up to 75x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Bybit settles every 8h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, +$3.00.
  • Note: Gap at its usual level−0.051% vs −0.039%
    The price leg adds little either way.
  • Note: Spot has no open interest$251.0M OI
    Only Bybit reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0062%/8h × 21 periods+$13.10
Price spread−0.051% → −0.039% (7d avg)−$1.18
Slippage, 4 orderslive order books−$13.18
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$32.27
Costs to cover0.442%Break-even24.2 days
Slippage: Bybit Spot: live order book, 15 min ago; Bybit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot0.0615.5 bp−$1624.0 bp−$240doesn’t fitdoesn’t fit
SELL · SHORTBybit0.066.1 bp−$68.9 bp−$8922.2 bp−$2,221doesn’t fit

Closing costs about the same again.

Alert

HYPE news

posts that mention HYPE, from every exchange
11-05 02:42DeriveOtherETH Options took the top spot on Derive in the last 24h $227.8M+ notional traded 🔷 ETH $106.7M (47%) 🟠 BTC $95.8M (42%) 🟢 HYPE $14.8M (6%) ⚪ Others $10.5M (5%) @DeriveXYZ on X ↗
11-04 18:52PhoenixProductTailwind Rewards are now live on Phoenix. Phoenix now pays back 10% of the funding you pay on BTC, ETH, SOL and HYPE, claimable daily in the Rewards Hub. Hold your view for less. @PhoenixTrade on X ↗
11-04 13:43ParagonOtherWe’re bringing Power Perps to Hyperliquid, starting with HYPE². If HYPE doubles, the HYPE² index quadruples. Options-like payoffs. No strikes. No expiry. Power Perps bring options flow to Hyperliquid by pooling demand for convexity in one order book. This work builds on “Power Perpetuals” by @danrobinson, @_Dave__White_, @andrewjleone and their coauthors. @tradeparagon on X ↗
11-04 00:30ParadexOtherBitcoin, Ether, Solana, HYPE, Zcash. Same expiry. The options market does not price them the same. Trade crypto options on Paradex, 0 fees: @paradex on X ↗
11-03 18:30Kraken FuturesOtherMore ways to put your HYPE to work. kHYPE lets you keep your $HYPE in Kraken custody and use it onchain. And thanks to @nadoHQ, you can now use it as collateral. Congrats to the Nado team 🤝 @HyperliquidX @krakenfx on X ↗
11-03 16:43NadoListingNew collateral & spot listing is live. You can now use $kHYPE (Kraken wrapped HYPE) as collateral to trade perps, spot and borrow on Nado. @nadoHQ on X ↗