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 00:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.019%
Price spread now: Bybit against Gate+0.087%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Long on GateShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 7 days−0.098%−$10 · spread now +0.087%, 7d avg −0.005%
Together, before fees−0.076%−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.091% dearer against Gate than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of −0.005%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.6000.0064pay 0.0032% / 4h1h 01m$44.2M$59.0M75x
ShortBybit HYPEUSDT93.6810.0020get 0.0020% / 8h1h 01m$324.1M$280.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
−$9.27
Price spread: +0.087% → −0.005%
$9.13
Slippage, 4 orders
−$8.01
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$34.16
Costs to cover
0.340%
Break-even
never at this rate
Slippage from Gate: live order book, 3 min ago; Bybit: 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 Gate live order book, 3 min ago0.05 bp11.7 bp −$1217.1 bp −$17134.3 bp −$3,43359.8 bp −$29.9K
Sell Bybit live order book, 3 min ago0.53 bp6.0 bp −$67.5 bp −$7516.5 bp −$1,65241.3 bp −$20.6K

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
Aftermath Perps HYPEUSD−0.0489%1h93.462−0.148%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0456%1h93.528−0.077%$197K$228K7xas long as short
Arcus HYPE-USD−0.0131%1h93.492−0.115%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0128%1h93.470−0.139%$701K$898K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.571−0.031%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0016%1h93.580−0.021%$91K$357K20xas long as short
dYdX HYPE-USD0.0000%1h93.615+0.016%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.590−0.010%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.629+0.031%$28K—150xas long as short
Popdex HYPEUSDT+0.0008%1h93.561−0.042%$62K$1.2M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0014%4h93.625+0.027%$8.9M$35.7M300xas long as short
Orderly PERP_HYPE_USDC+0.0015%4h93.618+0.019%$176K$524K20xas long as short
Bybit HYPEUSDTshort+0.0020%8h93.681+0.087%$324.1M$280.7M75x
Phoenix HYPE+0.0034%1h93.456−0.154%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0063%1h93.569−0.033%$111K$577K20xas long as short
Gate HYPE_USDTlong+0.0064%4h93.600long leg$44.2M$59.0M75x
MEXC HYPE_USDT+0.0064%4h93.697+0.104%$90.7M$82.5M100xas long as short
Binance HYPEUSDT+0.0065%4h93.630+0.032%$384.3M$883.6M75xas long as short
Derive HYPE-PERP+0.0065%1h93.578−0.024%$16.3M$6.9M10xas long as short
edgeX HYPEUSDC+0.0071%4h93.562−0.041%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0091%8h93.576−0.026%$12.8M$2.6M50xas long as short
Lighter HYPE+0.0096%1h93.687+0.093%$18.7M$59.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.668+0.073%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.612+0.013%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.580−0.022%$340K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.580−0.021%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.537−0.068%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.628+0.030%$2.04B$664.7M10xas long as short
Pacifica HYPE+0.0100%1h93.601+0.001%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.698+0.105%$114.4M$313.0M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.635+0.037%$47.1M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.694+0.100%$227.2M$102.3M75xas long as short
BingX HYPE-USDT+0.0100%4h93.687+0.093%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.715+0.123%$7.9M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.352−0.265%$30.8M$51.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.460−0.150%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.565−0.037%$416K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.549−0.054%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.6000.000%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.592−0.009%$495K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.627+0.029%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.619+0.020%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.628+0.030%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.280−0.342%$204K$8K10xas long as short
Extended HYPE-USD+0.0104%1h93.613+0.014%$18.3M$41.6M50xas long as short
Kalshi KXHYPEPERP+0.0118%8h93.643+0.046%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.660+0.064%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0219%4h93.740+0.150%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.770+0.182%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0248%1h93.558−0.045%$77K$155K15xas long as short
BloFin HYPE-USDT+0.0259%4h93.6000.000%$16.9M$12.3M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0262%1h93.723+0.131%$7.4M$4.5M50xas long as short
RISEx HYPE/USDC+0.0280%1h93.623+0.024%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.616+0.017%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0463%1h93.746+0.156%$21.0M$28.9M50xas long as short