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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+0.0009%/8h= +1.0% APRpaid last 24h −0.005%
Price spread now: edgeX against Extended−0.069%93s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as 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−$150.148% of the position
Long on ExtendedShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 7 days+0.053%+$5 · spread now −0.069%, 7d avg −0.006%
Together, before fees+0.036%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.063% cheaper against Extended than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.006%). If the spread goes back, that is −$6 on $10k: about 23 days of funding at the current rate ($0 a day). The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.4010.0104pay 0.0013% / 1h35m 38s$18.4M$41.1M50x
ShortedgeX HYPEUSDC93.3360.0113get 0.0057% / 4h2h 35m$5.1M$29.5M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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
$1.94
Price spread: −0.069% → −0.006%
−$6.3
Slippage, 4 orders
−$0.76
Fee Extended: 2.5 bp × 2 orders
−$5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$19.11
Costs to cover
0.148%
Break-even
75.8 days
Slippage from Extended: live order book, 3 min ago; edgeX: live order book, 3 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 Extended live order book, 3 min ago0.05 bp2.6 bp −$35.1 bp −$5120.8 bp −$2,081doesn't fit
Sell edgeX live order book, 3 min ago0.32 bp4.8 bp −$55.0 bp −$50100.3 bp −$10.0Kdoesn'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−0.1120%1h93.436+0.037%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0256%1h93.396−0.006%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0249%1h93.370−0.033%$701K$941K10xas long as short
01 Exchange HYPEUSD−0.0088%1h93.435+0.036%$89K$348K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.300−0.108%$3K$33125xas long as short
Bullet HYPE-USD−0.0016%1h93.392−0.010%$112K$583K20xas long as short
Derive HYPE-PERP−0.0003%1h93.345−0.060%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.485+0.089%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.417+0.017%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.424+0.024%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0012%4h93.455+0.058%$8.9M$35.9M300xas long as short
Gate HYPE_USDT+0.0018%4h93.409+0.008%$44.1M$56.5M75xas long as short
Bybit HYPEUSDT+0.0035%8h93.462+0.065%$325.7M$287.4M75xas long as short
Phoenix HYPE+0.0068%1h93.527+0.135%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0070%4h93.408+0.007%$180K$529K20xas long as short
Popdex HYPEUSDT+0.0080%1h93.399−0.002%$56K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.498+0.104%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.473+0.077%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.462+0.065%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.400−0.001%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.405+0.004%$6.0M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.486+0.091%$2.03B$667.9M10xas long as short
Pacifica HYPE+0.0100%1h93.491+0.096%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.458+0.061%$385.4M$888.6M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.465+0.068%$114.8M$315.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.458+0.061%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.403+0.001%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.488+0.093%$92.8M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.451+0.053%$46.4M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.501+0.107%$227.1M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.470+0.074%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.436+0.037%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.375−0.028%$28.9M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.408+0.008%$7.5M$44.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.381−0.022%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.490+0.095%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.453+0.055%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.436+0.037%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.398−0.003%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.443+0.045%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.389−0.013%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.407+0.006%$12.7M$2.6M50xas long as short
Extended HYPE-USDlong+0.0104%1h93.401long leg$18.4M$41.1M50x
Aevo HYPE-PERP+0.0104%1h93.373−0.030%$397K$318K20xas long as short
edgeX HYPEUSDCshort+0.0113%4h93.336−0.069%$5.1M$29.5M30x
Kalshi KXHYPEPERP+0.0116%8h93.483+0.088%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.400−0.001%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.397−0.005%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0253%1h93.491+0.096%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.330−0.076%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.444+0.046%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.449+0.051%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0340%4h93.662+0.279%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.477+0.081%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.492+0.097%$19.2M$25.9M50xas long as short