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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 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.021%
Price spread now: GRVT against Extended−0.338%72s7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as 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−$180.180% of the position
Long on ExtendedShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days−0.041%−$4 on $10k
Price spread, last 7 days+0.313%+$31 · spread now −0.338%, 7d avg +0.039%
Together, before fees+0.273%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$27 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.377% cheaper against Extended than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of +0.039%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.7850.0104pay 0.0013% / 1h30m 26s$18.3M$44.4M50x
ShortGRVT HYPE_USDT_Perp93.4680.0100get 0.0050% / 4h2h 30m$7.5M$48.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
−$0.84
Price spread: −0.338% → +0.039%
−$37.72
Slippage, 4 orders
−$4.03
Fee Extended: 2.5 bp × 2 orders
−$5
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$56.59
Costs to cover
0.180%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; GRVT: live order book, 4 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, 4 min ago0.05 bp4.4 bp −$47.1 bp −$7129.4 bp −$2,938doesn't fit
Sell GRVT live order book, 4 min ago0.75 bp5.8 bp −$66.9 bp −$69doesn't fitdoesn't fit

HYPE on 54 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−0.0888%1h93.597−0.200%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.607−0.190%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0162%1h93.512−0.292%$22K$21K10xas long as short
Phemex HYPEUSDT−0.0112%8h93.655−0.139%$12.7M$2.7M50xas long as short
Ondo Perps HYPE-USD.P−0.0086%1h93.600−0.198%$701K$987K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.716−0.074%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0057%4h93.781−0.005%$156K$650K20xas long as short
01 Exchange HYPEUSD−0.0056%1h93.787+0.002%$86K$351K20xas long as short
Backpack HYPE_USDC_PERP−0.0052%1h93.636−0.159%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0044%4h93.797+0.012%$44.5M$54.7M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0014%4h93.737−0.052%$8.9M$36.0M300xas long as short
dYdX HYPE-USD0.0000%1h93.699−0.093%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.716−0.074%$22K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.800+0.016%$26K—150xas long as short
Bybit HYPEUSDT+0.0006%8h93.790+0.005%$322.2M$282.7M75xas long as short
BingX HYPE-USDT+0.0006%4h93.799+0.014%—$53.9M—as long as short
Bullet HYPE-USD+0.0054%1h93.763−0.024%$112K$578K20xas long as short
MEXC HYPE_USDT+0.0054%4h93.767−0.020%$88.2M$82.7M100xas long as short
edgeX HYPEUSDC+0.0059%4h93.458−0.349%$5.1M$30.0M30xas long as short
Binance HYPEUSDT+0.0060%4h93.787+0.002%$381.5M$898.3M75xas long as short
Phoenix HYPE+0.0060%1h93.705−0.086%$211K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0066%8h93.806+0.022%$115.3M$310.5M50xas long as short
Derive HYPE-PERP+0.0079%1h93.765−0.021%$16.3M$7.7M10xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.804+0.019%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.714−0.076%$16.4M$62.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.712−0.078%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.755−0.032%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.820+0.037%$399K$177K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.730−0.059%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.725−0.065%$5.7M$45.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.857+0.076%$2.05B$670.5M10xas long as short
Pacifica HYPE+0.0100%1h93.745−0.044%$10.1M$14.8M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.760−0.027%$46.2M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.815+0.032%$227.0M$99.5M75xas long as short
Variational Omni HYPE+0.0100%8h93.610−0.187%$31.0M$54.8M—as long as short
GRVT HYPE_USDT_Perpshort+0.0100%4h93.468−0.338%$7.5M$48.0M10x
ApeX Omni HYPEUSDT+0.0100%1h93.468−0.338%$338K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.655−0.139%$668K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.775−0.011%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.788+0.003%$469K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.807+0.023%$79K$172K20xas long as short
SunX HYPE-USDT+0.0100%4h93.858+0.077%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.824+0.041%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.348−0.467%$203K$10K10xas long as short
Extended HYPE-USDlong+0.0104%1h93.785long leg$18.3M$44.4M50x
Coinbase International HYPE-PERP-INTX+0.0136%1h93.720−0.070%$4.9M$5.6M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.610−0.187%$30K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.774−0.012%$3.0M$6.8M20xas long as short
HTX HYPE-USDT+0.0217%4h93.807+0.023%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0254%1h93.749−0.039%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0267%8h93.719−0.071%$1.9M$5.1M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0158%1h93.780−0.006%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0539%1h93.922+0.146%$7.5M$4.4M50xas long as short
Kraken Futures PF_HYPEUSD+0.0679%1h93.913+0.136%$21.0M$30.0M50xas long as short