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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+0.0038%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.011%
Price spread now: GRVT against Gate−0.332%81s7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.306% of the position
Long on GateShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days+0.066%+$7 on $10k
Price spread, last 7 days+0.310%+$31 · spread now −0.332%, 7d avg +0.024%
Together, before fees+0.376%+ Points / potential airdropGRVT: Active · farm board+$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.355% cheaper against Gate than usual: you would sell low and buy high (spread −0.332% now, against its 7-day average of +0.024%). If the spread goes back, that is −$36 on $10k: about 31 days of funding at the current rate (+$1 a day). The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.7710.0062pay 0.0031% / 4h59m 54s$44.2M$59.1M75x
ShortGRVT HYPE_USDT_Perp93.4600.0100get 0.0050% / 4h59m 54s$7.5M$45.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
$7.98
Price spread: −0.332% → +0.024%
−$35.53
Slippage, 4 orders
−$6.59
Fee Gate: 7.5 bp × 2 orders
−$15
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$58.14
Costs to cover
0.306%
Break-even
58.0 days
Slippage from Gate: live order book, 4 min ago; GRVT: live order book, 4 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, 4 min ago0.05 bp11.7 bp −$1217.1 bp −$17134.3 bp −$3,43359.8 bp −$29.9K
Sell GRVT live order book, 4 min ago0.05 bp4.6 bp −$54.8 bp −$48doesn't fitdoesn'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
Aftermath Perps HYPEUSD−0.0489%1h93.506−0.282%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0464%1h93.565−0.220%$198K$228K7xas long as short
Arcus HYPE-USD−0.0131%1h93.619−0.162%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0130%1h93.490−0.300%$701K$897K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.683−0.094%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0016%1h93.734−0.039%$91K$356K20xas long as short
dYdX HYPE-USD0.0000%1h93.721−0.053%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.747−0.025%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.764−0.007%$28K—150xas long as short
Popdex HYPEUSDT+0.0008%1h93.703−0.073%$62K$1.2M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC+0.0015%4h93.791+0.021%$177K$524K20xas long as short
Aster HYPEUSDT+0.0015%4h93.788+0.018%$8.9M$35.7M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.768−0.003%$324.4M$280.8M75xas long as short
Phoenix HYPE+0.0034%1h93.456−0.336%$214K$1.2M10xas long as short
Derive HYPE-PERP+0.0061%1h93.713−0.061%$16.3M$6.9M10xas long as short
Gate HYPE_USDTlong+0.0062%4h93.771long leg$44.2M$59.1M75x
Binance HYPEUSDT+0.0064%4h93.779+0.009%$385.0M$885.1M75xas long as short
MEXC HYPE_USDT+0.0064%4h93.780+0.010%$90.8M$82.5M100xas long as short
Bullet HYPE-USD+0.0067%1h93.738−0.035%$112K$577K20xas long as short
edgeX HYPEUSDC+0.0071%4h93.562−0.223%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0083%8h93.708−0.067%$12.8M$2.6M50xas long as short
Lighter HYPE+0.0096%1h93.820+0.052%$18.7M$59.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.801+0.032%$3.1M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.750−0.022%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.686−0.091%$340K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.700−0.076%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.653−0.125%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.814+0.046%$2.04B$666.1M10xas long as short
Pacifica HYPE+0.0100%1h93.711−0.064%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.769−0.002%$114.6M$313.5M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.792+0.022%$47.2M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.776+0.005%$227.4M$102.3M75xas long as short
BingX HYPE-USDT+0.0100%4h93.774+0.003%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.805+0.036%$7.9M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.552−0.233%$30.9M$51.8M—as long as short
GRVT HYPE_USDT_Perpshort+0.0100%4h93.460−0.332%$7.5M$45.6M10x
ApeX Omni HYPEUSDT+0.0100%1h93.565−0.220%$416K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.557−0.228%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.714−0.061%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.744−0.029%$496K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.778+0.007%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.794+0.025%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.765−0.006%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680−0.097%$205K$7K10xas long as short
Extended HYPE-USD+0.0104%1h93.757−0.015%$18.3M$41.6M50xas long as short
Kalshi KXHYPEPERP+0.0118%8h93.809+0.041%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.830+0.063%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0219%4h93.947+0.188%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.770−0.001%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0248%1h93.716−0.059%$77K$155K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0251%1h93.859+0.094%$7.4M$4.5M50xas long as short
BloFin HYPE-USDT+0.0259%4h93.600−0.182%$16.9M$12.3M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.761−0.011%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.753−0.019%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0463%1h93.889+0.125%$21.0M$28.9M50xas long as short