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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+0.0301%/8h= +32.9% APRpaid last 24h +0.095%
Price spread now: BloFin against gTrade (Gains Network)−0.067%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on BloFin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. BloFin is 0.067% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 18 hours of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD94.180L +0.0002% / S −0.0003%pay 0.0000% / 1h48m 34s$27K—150x
ShortBloFin HYPE-USDT94.1170.0303get 0.0152% / 4h48m 34s$17.0M$12.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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
$63.16
Price spread: −0.067% → 0.000%
−$6.69
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$34.47
Costs to cover
0.220%
Break-even
3.2 days
Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 5 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 gTrade (Gains Network) no order-book sample—————
Sell BloFin live order book, 5 min ago0.11 bp6.4 bp −$67.3 bp −$7312.3 bp −$1,230doesn't fit
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0608%1h94.035−0.154%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0460%1h93.968−0.225%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h94.106−0.079%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.158−0.023%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h94.189+0.010%$128K$30K5xas long as short
Perpl HYPE0.0000%43m94.114−0.070%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0003%1h94.180long leg$27K—150x
Phoenix HYPE+0.0009%1h94.176−0.004%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0013%4h94.134−0.049%$176K$526K20xas long as short
Bybit HYPEUSDT+0.0022%8h94.176−0.004%$324.9M$281.3M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0040%4h94.196+0.017%$8.9M$35.8M300xas long as short
Ondo Perps HYPE-USD.P+0.0059%1h94.020−0.170%$704K$907K10xas long as short
Phemex HYPEUSDT+0.0062%8h94.101−0.084%$12.8M$2.6M50xas long as short
01 Exchange HYPEUSD+0.0072%1h94.204+0.025%$87K$364K20xas long as short
MEXC HYPE_USDT+0.0074%4h94.196+0.017%$88.2M$80.9M100xas long as short
Binance HYPEUSDT+0.0076%4h94.205+0.027%$386.0M$889.2M75xas long as short
Gate HYPE_USDT+0.0076%4h94.194+0.015%$44.3M$58.2M75xas long as short
Derive HYPE-PERP+0.0095%1h94.085−0.101%$16.5M$6.9M10xas long as short
edgeX HYPEUSDC+0.0095%4h94.085−0.101%$5.1M$29.8M30xas long as short
Lighter HYPE+0.0096%1h94.232+0.056%$19.1M$59.2M20xas long as short
Lighter RH HYPE+0.0096%1h94.225+0.048%$3.1M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.193+0.014%$64K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.195+0.016%$342K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.230+0.053%$30K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.194+0.014%$5.8M$44.3M10xas long as short
Pacifica HYPE+0.0100%1h94.220+0.043%$10.2M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h94.184+0.004%$116.0M$319.1M50xas long as short
Bulk HYPE-USD+0.0100%1h94.095−0.090%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.211+0.033%$47.3M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.193+0.014%$228.1M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h94.178−0.002%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.193+0.014%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h94.073−0.113%$32.2M$53.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.128−0.055%$7.6M$45.4M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.127−0.056%$336K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.143−0.039%$681K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h94.239+0.063%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.231+0.054%$486K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h94.160−0.021%$113K$578K20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.128−0.055%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h94.193+0.014%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.160−0.021%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.090−0.096%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h94.159−0.023%$18.7M$42.0M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.166−0.015%$401K$318K20xas long as short
Kalshi KXHYPEPERP+0.0124%8h94.192+0.013%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.190+0.011%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0231%4h94.317+0.145%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0248%1h94.202+0.024%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h94.249+0.073%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0302%1h94.244+0.068%$7.4M$4.5M50xas long as short
BloFin HYPE-USDTshort+0.0303%4h94.117−0.067%$17.0M$12.3M75x
GMX HYPE/USD [WBTC.b-USDC]L +0.0341% / S −0.0165%1h94.145−0.037%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0576%1h94.256+0.081%$21.1M$29.1M50xas long as short
Hyperliquid HYPE+0.0714%1h94.302+0.130%$2.06B$667.5M10xas long as short