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 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.017%
Price spread now: GRVT against edgeX+0.073%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$190.189% of the position
Long on edgeXShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 7 days−0.065%−$7 · spread now +0.073%, 7d avg +0.049%
Together, before fees−0.089%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.024% dearer against edgeX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX HYPEUSDC93.8980.0070pay 0.0035% / 4h7m 17s$5.1M$29.7M30x
ShortGRVT HYPE_USDT_Perp93.9670.0100get 0.0050% / 4h7m 17s$7.6M$45.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against edgeX. 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
$6.27
Price spread: +0.073% → +0.049%
$2.42
Slippage, 4 orders
−$0.93
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$10.24
Costs to cover
0.189%
Break-even
18.4 days
Slippage from edgeX: live order book, 2 min ago; GRVT: live order book, 2 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 edgeX live order book, 2 min ago0.32 bp4.8 bp −$55.1 bp −$51137.9 bp −$13.8Kdoesn't fit
Sell GRVT live order book, 2 min ago0.05 bp4.6 bp −$54.9 bp −$49doesn'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−0.1320%1h93.960+0.065%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0379%1h93.902+0.004%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.780−0.126%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0117%1h93.830−0.073%$705K$917K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.824−0.079%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.921+0.024%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0004%4h93.877−0.023%$170K$593K20xas long as short
dYdX HYPE-USD0.0000%1h93.941+0.046%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.862−0.039%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.893−0.006%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0003%1h93.811−0.093%$16.4M$7.2M10xas long as short
Phoenix HYPE+0.0009%1h93.978+0.085%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0019%4h93.895−0.003%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.871−0.029%$323.0M$283.9M75xas long as short
Phemex HYPEUSDT+0.0037%8h93.901+0.003%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0052%4h93.884−0.015%$88.3M$82.2M100xas long as short
Binance HYPEUSDT+0.0052%4h93.883−0.016%$383.8M$898.3M75xas long as short
Popdex HYPEUSDT+0.0064%1h93.825−0.078%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0070%4h93.865−0.035%$44.1M$60.0M75xas long as short
edgeX HYPEUSDClong+0.0070%4h93.898long leg$5.1M$29.7M30x
OKX HYPE-USDT-SWAP+0.0089%8h93.890−0.009%$115.8M$322.6M50xas long as short
Bullet HYPE-USD+0.0094%1h93.867−0.033%$112K$578K20xas long as short
Lighter HYPE+0.0096%1h93.927+0.031%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.902+0.004%$3.1M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.877−0.023%$399K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.820−0.083%$38K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.933+0.037%$341K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.905+0.008%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.934+0.038%$2.04B$679.5M10xas long as short
Pacifica HYPE+0.0100%1h93.927+0.031%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889−0.010%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.873−0.027%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.873−0.027%$227.3M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.861−0.040%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.959+0.065%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.811−0.093%$31.2M$54.1M—as long as short
GRVT HYPE_USDT_Perpshort+0.0100%4h93.967+0.073%$7.6M$45.6M10x
ApeX Omni HYPEUSDT+0.0100%1h93.874−0.026%$364K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.956+0.061%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.896−0.003%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.869−0.031%$471K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.861−0.040%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.865−0.035%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.870−0.030%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.545%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.851−0.050%$18.3M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.940+0.044%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0156%8h93.887−0.012%$1.9M$5.0M2.3xas long as short
HTX HYPE-USDT+0.0191%4h94.050+0.162%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0210%4h93.870−0.030%$17.0M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.863−0.038%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.895−0.003%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0314%1h93.968+0.074%$7.5M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.896−0.003%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h93.987+0.094%$21.0M$29.5M50xas long as short