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 02:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.016%
Price spread now: Bulk against Derive+0.255%7-day average +0.065% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.029%+$3 on $10k
Price spread, last 3 days (all we have)−0.280%−$28 · spread now +0.255%, 7d avg +0.065%
Together, before fees−0.250%−$25 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 Bulk is 0.190% dearer against Derive than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.065%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive HYPE-PERP93.0130.0029pay 0.0004% / 1h55m 52s$16.2M$7.6M10x
ShortBulk HYPE-USD93.2500.0100get 0.0013% / 1h55m 52s$203K$10K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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
$14.84
Price spread: +0.255% → +0.065%
$19.03
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$20.86
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Derive: no order-book sample; Bulk: live order book, 13 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 Bulk live order book, 13 min ago0.53 bp4.4 bp −$46.8 bp −$6811.9 bp −$1,19321.5 bp −$10.7K
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
Hibachi HYPE/USDT-P−0.1072%1h93.170+0.170%$196K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h92.960−0.057%$1.2M$3.9M10xas long as short
Backpack HYPE_USDC_PERP−0.0203%1h92.991−0.023%$7.8M$10.6M20xas long as short
Aftermath Perps HYPEUSD−0.0184%1h93.447+0.467%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.069+0.061%$85K$360K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.171+0.170%$3K$33125xas long as short
Gate HYPE_USDT−0.0080%4h93.053+0.043%$44.0M$53.5M75xas long as short
Bluefin HYPE-PERP−0.0061%1h93.080+0.072%$79K$173K20xas long as short
Orderly PERP_HYPE_USDC−0.0045%4h93.028+0.017%$158K$648K20xas long as short
Aster HYPEUSDT−0.0031%4h93.072+0.064%$8.9M$36.2M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HYPE-USD.P−0.0022%1h93.030+0.019%$702K$959K10xas long as short
dYdX HYPE-USD0.0000%1h93.198+0.199%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.105+0.100%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.065+0.056%$25K—150xas long as short
BingX HYPE-USDT+0.0016%4h93.075+0.067%—$54.1M—as long as short
Derive HYPE-PERPlong+0.0029%1h93.013long leg$16.2M$7.6M10x
Bybit HYPEUSDT+0.0029%8h93.020+0.008%$319.1M$280.8M75xas long as short
Phoenix HYPE+0.0034%1h93.318+0.328%$212K$1.2M10xas long as short
MEXC HYPE_USDT+0.0040%4h93.088+0.081%$85.9M$81.4M100xas long as short
Bullet HYPE-USD+0.0041%1h93.023+0.011%$112K$579K20xas long as short
Binance HYPEUSDT+0.0042%4h93.059+0.050%$378.4M$901.6M75xas long as short
edgeX HYPEUSDC+0.0061%4h93.333+0.345%$5.1M$29.6M30xas long as short
OKX HYPE-USDT-SWAP+0.0068%8h93.014+0.002%$114.8M$313.3M50xas long as short
Phemex HYPEUSDT+0.0079%8h93.112+0.107%$12.6M$2.7M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.071+0.062%$396K$177K20xas long as short
Lighter HYPE+0.0096%1h93.078+0.070%$18.6M$58.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.081+0.074%$3.0M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.060+0.051%$64K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.172+0.172%$338K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.070+0.062%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.072+0.064%$6.5M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.104+0.098%$2.03B$673.0M10xas long as short
Pacifica HYPE+0.0100%1h93.126+0.122%$10.0M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.081+0.074%$45.9M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.091+0.084%$225.2M$100.7M75xas long as short
Variational Omni HYPE+0.0100%8h92.991−0.024%$30.4M$54.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.339+0.351%$7.5M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.352+0.365%$338K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.280+0.288%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.159+0.158%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.107+0.102%$473K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.127+0.123%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.066+0.057%$2.0M$2.0M10xas long as short
Bulk HYPE-USDshort+0.0100%1h93.250+0.255%$203K$10K10x
Extended HYPE-USD+0.0104%1h93.069+0.061%$18.3M$44.7M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.100+0.094%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.150+0.148%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0168%4h93.171+0.170%$17.0M$12.0M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.112+0.106%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0252%8h93.203+0.205%$1.9M$5.2M2.3xas long as short
Reya HYPERUSDPERP+0.0253%1h93.075+0.067%$79K$143K15xas long as short
HTX HYPE-USDT+0.0321%4h93.251+0.256%$1.5M$6.1M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0158%1h93.068+0.060%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0599%1h93.180+0.180%$7.4M$4.7M50xas long as short
Kraken Futures PF_HYPEUSD+0.0685%1h93.143+0.140%$20.8M$29.9M50xas long as short