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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.013%
Price spread now: ApeX Omni against Derive+0.111%7-day average +0.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.023%+$2 on $10k
Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.111%, 7d avg +0.026%
Together, before fees−0.054%−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.085% dearer against Derive than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive HYPE-PERP93.2720.0016pay 0.0002% / 1h42m 59s$16.3M$7.1M10x
ShortApeX Omni HYPEUSDT93.3750.0100get 0.0013% / 1h42m 59s$413K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Derive. 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
$17.73
Price spread: +0.111% → +0.026%
$8.48
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$10.21
Costs to cover
0.160%
Break-even
3.0 days
Slippage unknown: Derive: no order-book sample; ApeX Omni: live order book, 1 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 Derive no order-book sample—————
Sell ApeX Omni live order book, 1 min ago3.38 bp10.4 bp −$1014.2 bp −$142doesn't fitdoesn't fit
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aftermath Perps HYPEUSD−0.0355%1h93.211−0.065%$22K$22K10xas long as short
Arcus HYPE-USD−0.0131%1h93.292+0.022%$1.2M$4.0M10xas long as short
Hibachi HYPE/USDT-P−0.0112%1h93.291+0.021%$197K$230K7xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.339+0.072%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0038%1h93.150−0.131%$699K$924K10xas long as short
01 Exchange HYPEUSD−0.0008%1h93.375+0.111%$90K$362K20xas long as short
dYdX HYPE-USD0.0000%1h93.336+0.069%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.345+0.078%$57K$1.2M50xas long as short
Kalshi KXHYPEPERP0.0000%8h93.402+0.140%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.303+0.033%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.345+0.078%$20K—150xas long as short
Aster HYPEUSDT+0.0011%4h93.361+0.096%$8.9M$36.0M300xas long as short
Derive HYPE-PERPlong+0.0016%1h93.272long leg$16.3M$7.1M10x
Bybit HYPEUSDT+0.0031%8h93.340+0.073%$324.2M$286.8M75xas long as short
Phoenix HYPE+0.0034%1h93.278+0.007%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0037%4h93.316+0.047%$171K$519K20xas long as short
Gate HYPE_USDT+0.0070%4h93.355+0.089%$43.8M$57.7M75xas long as short
Bullet HYPE-USD+0.0082%1h93.301+0.031%$111K$578K20xas long as short
Lighter HYPE+0.0096%1h93.388+0.125%$18.5M$58.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.357+0.091%$3.1M$12.1M20xas long as short
Binance HYPEUSDT+0.0096%4h93.346+0.080%$383.6M$891.7M75xas long as short
MEXC HYPE_USDT+0.0098%4h93.352+0.086%$90.4M$81.6M100xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.342+0.075%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.320+0.052%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.344+0.078%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.397+0.134%$2.03B$672.1M10xas long as short
Pacifica HYPE+0.0100%1h93.324+0.056%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.368+0.103%$114.1M$314.4M50xas long as short
Bulk HYPE-USD+0.0100%1h92.884−0.416%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.352+0.086%$47.3M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.400+0.137%$226.5M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.325+0.057%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.389+0.126%$7.9M$11.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.236−0.038%$28.9M$50.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.228−0.047%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.375+0.111%$413K$1.0M50x
StandX HYPE-USD+0.0100%1h93.274+0.002%$675K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.337+0.069%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.364+0.099%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.311+0.042%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.391+0.128%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.328+0.060%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.340+0.073%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.369+0.105%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.325+0.058%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0107%4h93.311+0.042%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.390+0.127%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.250−0.023%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0246%1h93.317+0.049%$78K$158K15xas long as short
HTX HYPE-USDT+0.0274%4h93.500+0.245%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.399+0.137%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0328%1h93.412+0.150%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0336%4h93.332+0.065%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.341+0.074%$1.5M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.444+0.185%$20.8M$28.6M50xas long as short