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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0107%/8h= +11.8% APRpaid last 24h +0.007%
Price spread now: GRVT against dYdX−0.119%50s7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$670.669% of the position
Long on dYdXShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days+0.118%+$12 on $10k
Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.119%, 7d avg +0.016%
Together, before fees+0.180%+ Points / potential airdropGRVT: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.135% cheaper against dYdX than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of +0.016%). If the spread goes back, that is −$14 on $10k: about 4.2 days of funding at the current rate (+$3 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX HYPE-USD93.976−0.0007get 0.0001% / 1h2m 40s$128K$30K5x
ShortGRVT HYPE_USDT_Perp93.8640.0100get 0.0050% / 4h2m 40s$7.6M$45.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against dYdX. 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
$22.55
Price spread: −0.119% → +0.016%
−$13.54
Slippage, 4 orders
−$47.87
Fee dYdX: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$57.85
Costs to cover
0.669%
Break-even
25.0 days
Slippage from dYdX: live order book, 11 min ago; GRVT: live order book, 1 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 dYdX live order book, 11 min ago9.10 bp42.4 bp −$4257.1 bp −$571137.7 bp −$13.8K734.4 bp −$367.2K
Sell GRVT live order book, 1 min ago0.05 bp4.6 bp −$54.8 bp −$48doesn'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−0.1376%1h93.897−0.084%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0357%1h93.936−0.043%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.920−0.059%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0128%1h93.970−0.006%$704K$926K10xas long as short
01 Exchange HYPEUSD−0.0080%1h94.042+0.071%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.034+0.062%$3K$33125xas long as short
Derive HYPE-PERP−0.0010%1h93.985+0.010%$16.4M$7.2M10xas long as short
dYdX HYPE-USDlong−0.0007%1h93.976long leg$128K$30K5x
Orderly PERP_HYPE_USDC−0.0005%4h94.050+0.079%$170K$593K20xas long as short
Perpl HYPE0.0000%43m94.081+0.112%$23K$329K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.070+0.100%$27K—150xas long as short
Phoenix HYPE+0.0009%1h93.898−0.083%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0017%4h93.9750.000%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.895−0.086%$323.2M$283.9M75xas long as short
Phemex HYPEUSDT+0.0028%8h93.997+0.023%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0046%4h93.916−0.063%$88.3M$82.3M100xas long as short
Binance HYPEUSDT+0.0047%4h93.912−0.067%$383.8M$898.7M75xas long as short
edgeX HYPEUSDC+0.0064%4h93.859−0.124%$5.1M$29.7M30xas long as short
Popdex HYPEUSDT+0.0064%1h94.049+0.078%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0066%4h93.966−0.010%$44.2M$60.1M75xas long as short
Bullet HYPE-USD+0.0079%1h94.020+0.047%$112K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0088%8h93.910−0.070%$115.9M$322.6M50xas long as short
Lighter HYPE+0.0096%1h93.989+0.014%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.993+0.019%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h94.045+0.074%$400K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h94.040+0.069%$36K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.066+0.096%$342K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h94.049+0.079%$6.7M$44.9M10xas long as short
Hyperliquid HYPE+0.0100%1h94.071+0.102%$2.05B$680.0M10xas long as short
Pacifica HYPE+0.0100%1h93.951−0.026%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889−0.092%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.016+0.043%$46.6M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.961−0.016%$227.6M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.959−0.018%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.046+0.075%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.174%$31.3M$54.2M—as long as short
GRVT HYPE_USDT_Perpshort+0.0100%4h93.864−0.119%$7.6M$45.5M10x
ApeX Omni HYPEUSDT+0.0100%1h93.817−0.169%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.966−0.010%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h94.055+0.085%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.070+0.100%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.059+0.089%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h94.087+0.119%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.039+0.067%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.462%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.951−0.026%$18.4M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.110+0.143%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0157%8h94.091+0.123%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0185%4h93.999+0.025%$17.0M$12.6M75xas long as short
HTX HYPE-USDT+0.0194%4h94.200+0.239%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0250%1h94.042+0.070%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h94.091+0.123%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h94.066+0.096%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0473%1h94.154+0.190%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0576%1h94.151+0.186%$21.1M$29.5M50xas long as short