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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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.026%
Price spread now: StandX against dYdX+0.041%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$730.726% of the position
Long on dYdXShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.143%+$14 on $10k
Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.041%, 7d avg 0.000%
Together, before fees+0.028%+ Points / potential airdropStandX: Active · farm board+$3 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 StandX is 0.041% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX HYPE-USD93.5630get 0.0000% / 1h28m 48s$127K$32K5x
ShortStandX HYPE-USD93.6020.0100get 0.0013% / 1h28m 48s$677K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against dYdX. 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
$21
Price spread: +0.041% → 0.000%
$4.14
Slippage, 4 orders
−$54.6
Fee dYdX: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$47.46
Costs to cover
0.726%
Break-even
22.8 days
Slippage from dYdX: live order book, 60 min ago; StandX: 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 dYdX live order book, 60 min ago26.01 bp31.0 bp −$3143.4 bp −$434125.1 bp −$12.5K846.0 bp −$423.0K
Sell StandX live order book, 5 min ago1.28 bp5.3 bp −$55.6 bp −$5618.1 bp −$1,808doesn'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−0.1064%1h93.496−0.072%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0276%1h93.537−0.028%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0248%1h93.440−0.132%$701K$939K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.562−0.001%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.547−0.017%$89K$347K20xas long as short
Bullet HYPE-USD−0.0033%1h93.508−0.059%$112K$583K20xas long as short
Derive HYPE-PERP−0.0007%1h93.475−0.095%$16.4M$7.1M10xas long as short
dYdX HYPE-USDlong0.0000%1h93.563long leg$127K$32K5x
Perpl HYPE0.0000%43m93.480−0.089%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.552−0.012%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0018%4h93.538−0.027%$9.0M$35.8M300xas long as short
Gate HYPE_USDT+0.0024%4h93.548−0.016%$44.1M$56.6M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.535−0.030%$325.8M$287.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0068%4h93.516−0.051%$175K$535K20xas long as short
Phoenix HYPE+0.0068%1h93.549−0.015%$216K$1.2M10xas long as short
Popdex HYPEUSDT+0.0072%1h93.513−0.054%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.569+0.006%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.549−0.015%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.504−0.063%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.550−0.014%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.513−0.054%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.636+0.078%$2.04B$669.5M10xas long as short
Pacifica HYPE+0.0100%1h93.513−0.054%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.546−0.018%$386.0M$887.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.531−0.034%$114.9M$315.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.485−0.084%$1.2M$4.0M10xas long as short
MEXC HYPE_USDT+0.0100%4h93.547−0.017%$93.6M$82.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.567+0.004%$46.4M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.570+0.007%$227.3M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.539−0.026%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.551−0.013%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.541−0.024%$28.9M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.580+0.018%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.558−0.006%$406K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.602+0.041%$677K$2.4M20x
Vest HYPE-PERP+0.0100%1h93.555−0.009%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.545−0.020%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.530−0.036%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.558−0.006%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.513−0.054%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.546−0.018%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.556−0.007%$204K$12K10xas long as short
Extended HYPE-USD+0.0104%1h93.536−0.030%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.520−0.046%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0116%4h93.544−0.021%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0126%8h93.567+0.004%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0188%1h93.619+0.060%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.560−0.003%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.512−0.055%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.510−0.057%$30K$291K12xas long as short
HTX HYPE-USDT+0.0326%4h93.681+0.126%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0164%1h93.554−0.009%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.513−0.054%$17.0M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.581+0.019%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.631+0.072%$19.2M$26.0M50xas long as short