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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 01:00 UTC−0.1450%/8h= −158.8% APRnext payment −$1.81 per $10,000 · paid last 24h −0.188%
Price spread now: Hibachi against gTrade (Gains Network)+0.203%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Hibachi
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—+ Points / potential airdropHibachi: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hibachi is 0.203% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.203% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$44 a day in funding at the current rate, which eats that in about 11 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD94.092L +0.0002% / S −0.0003%pay 0.0000% / 1h31m 52s$27K—150x
ShortHibachi HYPE/USDT-P94.283−0.1448pay 0.0181% / 1h31m 52s$200K$228K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi 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
−$304.56
Price spread: +0.203% → 0.000%
$20.26
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$303.3
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Hibachi: live order book, 42 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 Hibachi live order book, 42 min ago12.88 bp17.4 bp −$1731.7 bp −$317doesn't fitdoesn'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-Pshort−0.1448%1h94.283+0.203%$200K$228K7x
Arcus HYPE-USD−0.0625%1h93.926−0.177%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0241%1h94.179+0.093%$22K$23K10xas long as short
dYdX HYPE-USD−0.0164%1h94.128+0.038%$129K$31K5xas long as short
Ondo Perps HYPE-USD.P−0.0159%1h93.970−0.130%$710K$947K10xas long as short
Bullet HYPE-USD−0.0094%1h94.051−0.044%$112K$580K20xas long as short
Phemex HYPEUSDT−0.0089%8h94.102+0.011%$12.8M$2.6M50xas long as short
01 Exchange HYPEUSD−0.0080%1h94.029−0.067%$85K$361K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.077−0.016%$3K$33125xas long as short
Bybit HYPEUSDT−0.0020%8h94.090−0.002%$323.2M$280.8M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0015%4h94.053−0.042%$160K$652K20xas long as short
Gate HYPE_USDT−0.0002%4h94.062−0.032%$44.5M$59.7M75xas long as short
Perpl HYPE0.0000%43m94.050−0.045%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0003%1h94.092long leg$27K—150x
Aster HYPEUSDT+0.0025%4h94.080−0.013%$8.9M$36.1M300xas long as short
Phoenix HYPE+0.0034%1h94.342+0.266%$219K$1.2M10xas long as short
MEXC HYPE_USDT+0.0050%4h94.108+0.017%$89.4M$82.5M100xas long as short
Binance HYPEUSDT+0.0051%4h94.114+0.023%$383.9M$893.6M75xas long as short
Derive HYPE-PERP+0.0056%1h94.034−0.061%$16.4M$7.3M10xas long as short
edgeX HYPEUSDC+0.0061%4h94.240+0.157%$5.1M$29.9M30xas long as short
OKX HYPE-USDT-SWAP+0.0081%8h94.102+0.011%$116.0M$319.0M50xas long as short
Lighter HYPE+0.0096%1h94.124+0.034%$19.0M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h94.100+0.008%$3.0M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.018−0.079%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h94.068−0.025%$400K$188K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.098+0.006%$342K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.040−0.055%$26K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.993−0.106%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.182+0.096%$2.05B$677.1M10xas long as short
Pacifica HYPE+0.0100%1h94.075−0.018%$10.2M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.116+0.025%$46.6M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.112+0.021%$228.2M$100.9M75xas long as short
BingX HYPE-USDT+0.0100%4h94.071−0.022%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.088−0.004%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h94.220+0.136%$31.8M$54.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.271+0.190%$7.6M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.252+0.170%$341K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.205+0.120%$682K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.094+0.002%$480K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.069−0.025%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h94.150+0.062%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.071−0.022%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.120+0.030%$205K$4K10xas long as short
Vest HYPE-PERP+0.0100%1h94.102+0.011%—$248K5xas long as short
Extended HYPE-USD+0.0104%1h94.082−0.011%$18.8M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.070−0.023%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.423%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0206%4h94.147+0.058%$17.0M$12.2M75xas long as short
Kalshi KXHYPEPERP+0.0217%8h94.109+0.018%$1.9M$5.1M2.3xas long as short
RISEx HYPE/USDC+0.0222%1h94.044−0.051%$2.8M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0251%1h94.064−0.030%$79K$146K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0152%1h94.098+0.007%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0398%1h94.165+0.077%$7.5M$4.7M50xas long as short
HTX HYPE-USDT+0.0435%4h94.230+0.147%$1.5M$6.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0671%1h94.165+0.078%$21.0M$29.7M50xas long as short