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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.030%
Price spread now: SoDEX against Gate−0.026%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$350.346% of the position
Long on GateShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.039%+$4 on $10k
Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.026%, 7d avg +0.020%
Together, before fees+0.050%+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. SoDEX is 0.046% cheaper against Gate than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.020%). If the spread goes back, that is −$5 on $10k: about 4.8 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.8520.0068pay 0.0034% / 4h5m 52s$44.1M$60.0M75x
ShortSoDEX HYPE-USD93.8280.0100get 0.0013% / 1h5m 52s$2.0M$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$6.72
Price spread: −0.026% → +0.020%
−$4.57
Slippage, 4 orders
−$11.61
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$32.46
Costs to cover
0.346%
Break-even
40.8 days
Slippage from Gate: live order book, 3 min ago; SoDEX: 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 ago0.53 bp10.8 bp −$1116.7 bp −$16729.6 bp −$2,96055.1 bp −$27.6K
Sell SoDEX live order book, 3 min ago0.05 bp6.9 bp −$712.3 bp −$12396.8 bp −$9,681doesn'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−0.1320%1h93.960+0.115%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0367%1h93.902+0.053%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.759−0.099%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0122%1h93.750−0.109%$704K$916K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.840−0.013%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.872+0.021%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0004%4h93.837−0.016%$170K$593K20xas long as short
dYdX HYPE-USD0.0000%1h93.941+0.095%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.859+0.008%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.865+0.014%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0003%1h93.775−0.082%$16.4M$7.2M10xas long as short
Phoenix HYPE+0.0009%1h93.978+0.134%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0016%4h93.868+0.017%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.845−0.007%$322.9M$283.8M75xas long as short
Phemex HYPEUSDT+0.0037%8h93.889+0.039%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0050%4h93.846−0.006%$383.6M$898.3M75xas long as short
MEXC HYPE_USDT+0.0052%4h93.846−0.006%$88.3M$82.3M100xas long as short
Popdex HYPEUSDT+0.0064%1h93.851−0.001%$60K$1.2M50xas long as short
Gate HYPE_USDTlong+0.0068%4h93.852long leg$44.1M$60.0M75x
edgeX HYPEUSDC+0.0070%4h93.898+0.049%$5.1M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0089%8h93.838−0.015%$115.8M$322.4M50xas long as short
Bullet HYPE-USD+0.0089%1h93.824−0.030%$112K$578K20xas long as short
Lighter HYPE+0.0096%1h93.889+0.040%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.866+0.015%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.830−0.024%$399K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.860+0.009%$38K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.886+0.036%$341K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.849−0.004%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.947+0.101%$2.04B$679.7M10xas long as short
Pacifica HYPE+0.0100%1h93.871+0.020%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889+0.039%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.844−0.009%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.867+0.016%$227.3M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.8520.000%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.869+0.018%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.042%$31.3M$54.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.967+0.122%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.874+0.023%$364K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.906+0.058%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.879+0.029%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.867+0.016%$471K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.827−0.027%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.873+0.022%$32K$1.6M20xas long as short
SoDEX HYPE-USDshort+0.0100%1h93.828−0.026%$2.0M$2.0M10x
Injective HYPE/USDC PERP+0.0104%1h94.410+0.595%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.849−0.003%$18.3M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.940+0.094%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0156%8h93.902+0.053%$1.9M$5.0M2.3xas long as short
HTX HYPE-USDT+0.0192%4h94.011+0.169%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0210%4h93.870+0.019%$17.0M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.819−0.035%$77K$142K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0283%1h93.935+0.088%$7.5M$4.6M50xas long as short
RISEx HYPE/USDC+0.0284%1h93.903+0.055%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.861+0.010%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0578%1h93.949+0.103%$21.0M$29.5M50xas long as short