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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−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Polymarket Perps against Extended+0.039%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$160.157% of the position
Long on ExtendedShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.074%−$7 on $10k
Price spread, last 7 days−0.027%−$3 · spread now +0.039%, 7d avg −0.020%
Together, before fees−0.101%+ Points / potential airdropExtended: Active · farm board−$10 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: Polymarket Perps is 0.059% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.4470.0104pay 0.0013% / 1h46m 22s$18.4M$41.1M50x
ShortPolymarket Perps HYPE-USD93.4830.0100get 0.0013% / 1h46m 22s$494K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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: +0.039% → −0.020%
$5.89
Slippage, 4 orders
−$2.73
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$10.68
Costs to cover
0.157%
Break-even
never at this rate
Slippage from Extended: live order book, 3 min ago; Polymarket Perps: 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 −$34.4 bp −$4422.3 bp −$2,227doesn't fit
Sell Polymarket Perps live order book, 3 min ago0.96 bp5.2 bp −$55.8 bp −$5811.8 bp −$1,181doesn'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−0.1240%1h93.362−0.091%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0186%1h93.330−0.125%$701K$943K10xas long as short
Aftermath Perps HYPEUSD−0.0175%1h93.418−0.030%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.472+0.027%$89K$345K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.410−0.039%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.504+0.061%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.506+0.064%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.446−0.001%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.494+0.051%$19K—150xas long as short
Aster HYPEUSDT+0.0014%4h93.444−0.002%$8.9M$36.2M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0017%1h93.381−0.070%$16.4M$7.1M10xas long as short
Bullet HYPE-USD+0.0020%1h93.455+0.009%$112K$583K20xas long as short
Gate HYPE_USDT+0.0024%4h93.450+0.004%$44.2M$56.3M75xas long as short
Bybit HYPEUSDT+0.0039%8h93.430−0.018%$325.5M$287.8M75xas long as short
Phoenix HYPE+0.0068%1h93.408−0.041%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0075%4h93.462+0.017%$180K$536K20xas long as short
ApeX Omni HYPEUSDT+0.0092%1h93.318−0.138%$405K$1.1M50xas long as short
Lighter HYPE+0.0096%1h93.476+0.031%$18.5M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.457+0.011%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.448+0.002%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.500+0.057%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.455+0.009%$6.0M$44.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.524+0.083%$2.04B$669.1M10xas long as short
Pacifica HYPE+0.0100%1h93.456+0.010%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.450+0.004%$386.0M$888.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.424−0.024%$114.8M$315.5M50xas long as short
Arcus HYPE-USD+0.0100%1h93.433−0.015%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.119%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.454+0.008%$93.1M$81.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.451+0.005%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.476+0.032%$227.0M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.452+0.006%—$54.3M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.423−0.025%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.295−0.162%$28.8M$49.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.407−0.042%$7.5M$46.2M10xas long as short
StandX HYPE-USD+0.0100%1h93.504+0.061%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.490+0.047%—$454K5xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h93.483+0.039%$494K$2.6M20x
Bluefin HYPE-PERP+0.0100%1h93.445−0.002%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.469+0.024%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.409−0.040%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.397−0.053%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.483+0.039%$339K$171K20xas long as short
Extended HYPE-USDlong+0.0104%1h93.447long leg$18.4M$41.1M50x
Aevo HYPE-PERP+0.0104%1h93.462+0.016%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0108%4h93.395−0.055%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.570+0.132%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0242%1h93.529+0.088%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.462+0.017%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.360−0.093%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.499+0.056%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.408−0.041%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0391%4h93.650+0.218%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.518+0.076%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.501+0.058%$19.2M$25.9M50xas long as short