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+0.0042%/8h= +4.6% APRpaid last 24h +0.025%
Price spread now: Paradex against Gate+0.075%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Long on GateShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.044%+$4 on $10k
Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.075%, 7d avg +0.033%
Together, before fees−0.169%+ Points / potential airdropParadex: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.042% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.0390.0054pay 0.0027% / 4h3h 11m$45.4M$54.7M75x
ShortParadex HYPE-USD-PERP93.1090.0096get 0.0096% / 8h3h 11m$339K$162K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$8.74
Price spread: +0.075% → +0.033%
$4.19
Slippage, 4 orders
−$5.8
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$11.87
Costs to cover
0.248%
Break-even
16.5 days
Slippage from Gate: live order book, 2 min ago; Paradex: live order book, 42 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, 2 min ago0.43 bp8.4 bp −$815.9 bp −$15931.4 bp −$3,14353.7 bp −$26.9K
Sell Paradex live order book, 42 min ago1.18 bp3.2 bp −$36.7 bp −$67doesn'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
Hibachi HYPE/USDT-P−0.1800%1h93.146+0.115%$194K$231K7xas long as short
Aftermath Perps HYPEUSD−0.0310%1h93.023−0.017%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.045+0.006%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.086+0.051%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0053%4h93.023−0.017%$146K$674K20xas long as short
dYdX HYPE-USD0.0000%1h93.075+0.039%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.065+0.028%$22K$293K10xas long as short
Ondo Perps HYPE-USD.P+0.0001%1h92.970−0.074%$700K$1.1M10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.055+0.017%$62K—150xas long as short
Bullet HYPE-USD+0.0012%1h93.017−0.024%$111K$578K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0024%1h93.058+0.020%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h93.056+0.018%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0027%8h93.060+0.023%$317.5M$284.3M75xas long as short
Phemex HYPEUSDT+0.0029%8h93.021−0.019%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0036%4h93.076+0.040%$225.2M$98.8M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.031−0.009%$76K$1.1M50xas long as short
Gate HYPE_USDTlong+0.0054%4h93.039long leg$45.4M$54.7M75x
edgeX HYPEUSDC+0.0094%4h93.059+0.021%$4.9M$29.8M30xas long as short
Paradex HYPE-USD-PERPshort+0.0096%8h93.109+0.075%$339K$162K20x
Lighter HYPE+0.0096%1h93.063+0.026%$16.0M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.073+0.037%$3.1M$11.6M20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.020−0.020%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.065+0.028%$6.8M$46.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.100+0.066%$2.03B$670.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.058+0.020%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.103+0.069%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h93.077+0.041%$373.6M$909.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.078+0.042%$113.9M$305.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.125+0.092%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.065+0.028%$91.5M$81.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.062+0.025%$46.1M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.071+0.034%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.070+0.033%$7.3M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h92.999−0.043%$28.6M$56.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.078+0.042%$7.5M$46.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.266+0.244%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.057+0.019%$665K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.103+0.069%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.058+0.020%$488K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.046+0.008%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.024−0.016%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.094+0.059%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.037−0.002%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.167+0.138%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.004−0.038%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.036−0.003%$393K$164K20xas long as short
Kalshi KXHYPEPERP+0.0126%8h93.097+0.062%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.220+0.195%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.120+0.087%$20.7M$29.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.410+0.399%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h93.019−0.022%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h93.053+0.016%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.113+0.080%$16.8M$11.8M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0491%1h93.135+0.103%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.100+0.065%$3.2M$6.3M20xas long as short