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

HYPE

all HYPE markets
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Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h 0.000%
Price spread now: GRVT against Coinbase International−0.046%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$270.272% of the position
Long on Coinbase InternationalShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days+0.100%+$10 on $10k
Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.046%, 7d avg +0.048%
Together, before fees+0.134%+ Points / potential airdropGRVT: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.093% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.048%). If the spread goes back, that is −$9 on $10k: about 8.6 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International HYPE-PERP-INTX94.2100.0064pay 0.0008% / 1h58m 52s$4.7M$6.2M50x
ShortGRVT HYPE_USDT_Perp94.1670.0100get 0.0050% / 4h58m 52s$7.6M$46.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Coinbase International. 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
$7.56
Price spread: −0.046% → +0.048%
−$9.32
Slippage, 4 orders
−$8.2
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$28.96
Costs to cover
0.272%
Break-even
33.8 days
Slippage from Coinbase International: live order book, 5 min ago; GRVT: live order book, 5 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 Coinbase International live order book, 5 min ago3.18 bp9.2 bp −$913.7 bp −$13737.9 bp −$3,788doesn't fit
Sell GRVT live order book, 5 min ago0.05 bp4.6 bp −$55.4 bp −$54doesn'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−0.1088%1h94.072−0.146%$201K$235K7xas long as short
Bluefin HYPE-PERP−0.0490%1h94.090−0.127%$80K$155K20xas long as short
Ondo Perps HYPE-USD.P−0.0399%1h94.080−0.138%$709K$1.2M10xas long as short
Bullet HYPE-USD−0.0287%1h94.113−0.102%$111K$578K20xas long as short
Aftermath Perps HYPEUSD−0.0174%1h94.230+0.021%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0152%1h94.115−0.101%$87K$366K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.103−0.114%$3K$33125xas long as short
Bybit HYPEUSDT−0.0010%8h94.053−0.167%$316.8M$289.6M75xas long as short
Orderly PERP_HYPE_USDC−0.0008%4h94.094−0.123%$146K$685K20xas long as short
BingX HYPE-USDT−0.0006%4h94.101−0.116%—$53.6M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX HYPE-USD0.0000%1h94.176−0.036%$129K$26K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.231+0.022%$1.8M$5.6M2.3xas long as short
Perpl HYPE0.0000%43m94.129−0.086%$19K$287K10xas long as short
Derive HYPE-PERP+0.0001%1h94.110−0.107%$16.4M$7.5M10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S 0.0000%1h94.140−0.074%$117K—150xas long as short
Phoenix HYPE+0.0017%1h94.254+0.047%$208K$1.1M10xas long as short
Bitget HYPEUSDT+0.0042%4h94.095−0.122%$226.4M$100.0M75xas long as short
Phemex HYPEUSDT+0.0058%8h94.167−0.046%$12.8M$2.9M50xas long as short
Paradex HYPE-USD-PERP+0.0059%8h94.153−0.060%$336K$156K20xas long as short
SoDEX HYPE-USD+0.0061%1h94.121−0.094%$2.0M$1.9M10xas long as short
Coinbase International HYPE-PERP-INTXlong+0.0064%1h94.210long leg$4.7M$6.2M50x
edgeX HYPEUSDC+0.0082%4h94.140−0.075%$5.0M$30.8M30xas long as short
Arcus HYPE-USD+0.0084%1h94.086−0.132%$1.0M$3.5M10xas long as short
OKX HYPE-USDT-SWAP+0.0089%8h94.080−0.138%$117.4M$322.2M50xas long as short
Lighter HYPE+0.0096%1h94.121−0.094%$16.2M$63.8M20xas long as short
Lighter RH HYPE+0.0096%1h94.142−0.072%$3.2M$10.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.104−0.113%$79K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.150−0.064%$14K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.103−0.113%$7.3M$50.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.243+0.035%$2.07B$689.2M10xas long as short
Aster HYPEUSDT+0.0100%4h94.107−0.109%$8.8M$37.2M300xas long as short
Pacifica HYPE+0.0100%1h94.153−0.061%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h94.111−0.105%$376.6M$932.5M75xas long as short
Bulk HYPE-USD+0.0100%1h94.065−0.154%$217K$12K10xas long as short
Gate HYPE_USDT+0.0100%4h94.124−0.091%$49.5M$55.9M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.146−0.068%$90.7M$81.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.140−0.074%$46.9M$18.6M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.127−0.088%$7.6M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.059−0.161%$29.1M$55.3M—as long as short
GRVT HYPE_USDT_Perpshort+0.0100%4h94.167−0.046%$7.6M$46.1M10x
ApeX Omni HYPEUSDT+0.0100%1h94.120−0.096%$362K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h94.189−0.022%$681K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h94.169−0.043%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.138−0.076%$494K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h94.180−0.032%$32K$1.6M20xas long as short
HTX HYPE-USDT+0.0100%4h94.261+0.054%$1.4M$6.8M75xas long as short
Extended HYPE-USD+0.0104%1h94.111−0.105%$18.3M$43.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.145−0.069%$398K$159K20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0151% / S +0.0021%1h94.157−0.057%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0185%1h94.550+0.361%$31K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0223%1h94.183−0.029%$20.2M$30.3M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0228%1h94.211+0.001%$7.4M$4.3M50xas long as short
RISEx HYPE/USDC+0.0249%1h94.151−0.062%$3.2M$6.4M20xas long as short
Reya HYPERUSDPERP+0.0272%1h94.097−0.120%$82K$134K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.136−0.079%$17.0M$12.4M75xas long as short