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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+0.0181%/8h= +19.8% APRnext payment +$0.23 per $10,000 · paid last 24h +0.055%
Price spread now: Injective against Extended−0.134%7-day average +0.225% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days+2.288%+$229 on $10k
Price spread, last 3 days (all we have)+0.084%+$8 · spread now −0.134%, 7d avg +0.225%
Together, before fees+2.372%+ Points / potential airdropExtended: Active · farm board+$237 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.359% cheaper against Extended than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of +0.225%). If the spread goes back, that is −$36 on $10k: about 6.6 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+2.288% in total) that is about 26 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.4160.0104pay 0.0013% / 1h48m 47s$18.4M$41.0M50x
ShortInjective HYPE/USDC PERP93.2900.0285get 0.0036% / 1h48m 47s$30K$231K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Extended. 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
$37.94
Price spread: −0.134% → +0.225%
−$35.94
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$3.02
Costs to cover
0.050%
Break-even
7.6 days
Slippage unknown: Extended: live order book, 5 min ago; Injective: live order book, 40 min ago. Net counts fees only.

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, 5 min ago0.05 bp3.0 bp −$35.6 bp −$5622.5 bp −$2,246doesn't fit
Sell Injective live order book, 40 min ago36.79 bpdoesn't fitdoesn't fitdoesn'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−0.1280%1h93.248−0.179%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0186%1h93.210−0.220%$700K$943K10xas long as short
Aftermath Perps HYPEUSD−0.0146%1h93.371−0.048%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.419+0.004%$89K$344K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.380−0.038%$3K$33125xas long as short
Bullet HYPE-USD−0.0025%1h93.376−0.043%$113K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.504+0.094%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.497+0.087%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.441+0.027%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.420+0.005%$19K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0012%4h93.455+0.042%$8.9M$36.2M300xas long as short
Derive HYPE-PERP+0.0017%1h93.339−0.082%$16.4M$7.1M10xas long as short
Gate HYPE_USDT+0.0018%4h93.446+0.033%$44.2M$56.2M75xas long as short
Bybit HYPEUSDT+0.0041%8h93.450+0.037%$325.9M$288.4M75xas long as short
Phoenix HYPE+0.0068%1h93.408−0.008%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0076%4h93.408−0.008%$180K$536K20xas long as short
ApeX Omni HYPEUSDT+0.0092%1h93.318−0.104%$405K$1.1M50xas long as short
Lighter HYPE+0.0096%1h93.523+0.115%$18.5M$59.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.494+0.084%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.399−0.018%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.420+0.005%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.398−0.018%$6.0M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.513+0.105%$2.04B$668.9M10xas long as short
Pacifica HYPE+0.0100%1h93.491+0.081%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.467+0.055%$386.0M$890.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.460+0.048%$114.8M$316.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.383−0.035%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.086%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.440+0.026%$92.8M$81.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.440+0.026%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.488+0.078%$227.1M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.439+0.025%—$54.5M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.418+0.003%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.295−0.129%$28.8M$49.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.336−0.085%$7.5M$46.2M10xas long as short
StandX HYPE-USD+0.0100%1h93.344−0.077%$675K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.438+0.024%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.428+0.013%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.391−0.026%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.424+0.009%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.378−0.040%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.381−0.037%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.427+0.012%$339K$171K20xas long as short
Extended HYPE-USDlong+0.0104%1h93.416long leg$18.4M$41.0M50x
Aevo HYPE-PERP+0.0104%1h93.400−0.017%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.276−0.149%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.460+0.048%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0242%1h93.484+0.073%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.392−0.025%$77K$157K15xas long as short
Injective HYPE/USDC PERPshort+0.0285%1h93.290−0.134%$30K$231K12x
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.425+0.010%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.376−0.042%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0398%4h93.581+0.177%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.466+0.054%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.479+0.068%$19.2M$25.9M50xas long as short