Settings8H · net · $10k
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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 08:00 UTC+0.0270%/8h= +29.6% APRnext payment +$1.35 per $10,000 · paid last 24h +0.080%
Price spread now: BloFin against Gate+0.056%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs+$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Long on GateShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.557%+$56 on $10k
Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.056%, 7d avg +0.026%
Together, before fees+0.444%+$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.029% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.0610.0070pay 0.0035% / 4h3h 12m$45.4M$54.7M75x
ShortBloFin HYPE-USDT93.1130.0340get 0.0170% / 4h3h 12m$16.8M$11.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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
$56.7
Price spread: +0.056% → +0.026%
$2.94
Slippage, 4 orders
−$5.14
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BloFin: 6 bp × 2 orders
−$12
Net
$27.5
Costs to cover
0.321%
Break-even
3.6 days
Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 11 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 Gate live order book, 1 min ago0.43 bp8.4 bp −$815.9 bp −$15931.4 bp −$3,14353.7 bp −$26.9K
Sell BloFin live order book, 11 min ago0.65 bp6.7 bp −$78.8 bp −$8812.6 bp −$1,259doesn'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−0.1792%1h93.043−0.019%$194K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0306%1h93.027−0.037%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.112+0.055%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.085+0.026%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0053%4h93.107+0.049%$146K$674K20xas long as short
dYdX HYPE-USD0.0000%1h93.159+0.105%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.114+0.057%$22K$293K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.145+0.090%$62K—150xas long as short
Ondo Perps HYPE-USD.P+0.0010%1h92.970−0.098%$701K$1.1M10xas long as short
Bullet HYPE-USD+0.0014%1h93.132+0.077%$111K$578K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex HYPEUSDT+0.0024%8h93.103+0.045%$12.6M$2.7M50xas long as short
01 Exchange HYPEUSD+0.0024%1h93.136+0.081%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h93.056−0.005%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0029%8h93.056−0.005%$318.1M$284.1M75xas long as short
Bitget HYPEUSDT+0.0038%4h93.050−0.012%$225.1M$98.9M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.104+0.046%$76K$1.1M50xas long as short
Gate HYPE_USDTlong+0.0070%4h93.061long leg$45.4M$54.7M75x
edgeX HYPEUSDC+0.0094%4h93.059−0.003%$4.9M$29.8M30xas long as short
Lighter HYPE+0.0096%1h93.029−0.034%$16.0M$62.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.071+0.011%$3.1M$11.6M20xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.164+0.111%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.120+0.063%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.140+0.085%$6.8M$46.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.125+0.069%$2.03B$669.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.037−0.026%$8.7M$36.3M300xas long as short
Pacifica HYPE+0.0100%1h93.158+0.104%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h93.033−0.030%$373.4M$909.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.068+0.008%$114.0M$305.4M50xas long as short
Bulk HYPE-USD+0.0100%1h92.709−0.379%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.070+0.010%$91.5M$81.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.105+0.047%$46.1M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.067+0.006%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.157+0.103%$7.3M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h92.999−0.067%$28.6M$56.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.078+0.018%$7.5M$46.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.266+0.220%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.057−0.004%$665K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.158+0.104%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.158+0.104%$488K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.121+0.064%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.109+0.051%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.182+0.130%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.115+0.058%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.300+0.257%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.032−0.032%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.139+0.083%$394K$164K20xas long as short
Kalshi KXHYPEPERP+0.0126%8h93.196+0.145%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.220+0.171%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.194+0.143%$20.7M$29.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.410+0.375%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h93.118+0.061%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h93.145+0.090%$1.4M—100xas long as short
BloFin HYPE-USDTshort+0.0340%4h93.113+0.056%$16.8M$11.8M75x
Deribit HYPE_USDC-PERPETUAL+0.0405%1h93.214+0.164%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.197+0.146%$3.2M$6.3M20xas long as short