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Funding arb · Price arb /

HYPE

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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.041%
Price spread now: Arcus against GRVT−0.096%54s7-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—prices read too far apart to compare
costs, in and out, $10k−$150.151% of the position
Long on GRVTShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.055%−$5 on $10k
Price spread, last 7 days+0.110%+$11 · spread now −0.096%, 7d avg −0.020%
Together, before fees+0.055%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.075% cheaper against GRVT than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT HYPE_USDT_Perp93.3830.0100pay 0.0050% / 4h2h 51m$7.5M$46.8M10x
ShortArcus HYPE-USD93.2940.0100get 0.0013% / 1h51m 44s$1.2M$4.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against GRVT. 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
$0
Price spread: −0.096% → −0.020%
−$7.52
Slippage, 4 orders
−$1.62
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$22.64
Costs to cover
0.151%
Break-even
never at this rate
Slippage from GRVT: live order book, 2 min ago; Arcus: live order book, 2 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 GRVT live order book, 2 min ago0.05 bp4.6 bp −$55.1 bp −$515140.3 bp −$514.0Kdoesn't fit
Sell Arcus live order book, 2 min ago0.48 bp2.9 bp −$39.1 bp −$9131.6 bp −$3,163doesn'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−0.1304%1h93.259−0.134%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0145%1h93.210−0.186%$699K$948K10xas long as short
Aftermath Perps HYPEUSD−0.0116%1h93.299−0.090%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0096%1h93.324−0.063%$89K$342K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.293−0.097%$3K$33125xas long as short
Bullet HYPE-USD−0.0005%1h93.311−0.078%$112K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.326−0.062%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.413+0.032%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.342−0.045%$23K$343K10xas long as short
Aster HYPEUSDT+0.0001%4h93.326−0.061%$8.9M$36.3M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.371−0.013%$20K—150xas long as short
Gate HYPE_USDT+0.0016%4h93.306−0.083%$44.1M$56.2M75xas long as short
Derive HYPE-PERP+0.0024%1h93.295−0.094%$16.4M$7.1M10xas long as short
Bybit HYPEUSDT+0.0042%8h93.291−0.099%$325.2M$288.3M75xas long as short
Phoenix HYPE+0.0068%1h93.336−0.051%$215K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0077%4h93.348−0.038%$180K$536K20xas long as short
Lighter HYPE+0.0096%1h93.382−0.001%$18.5M$59.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.353−0.032%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.308−0.081%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.320−0.068%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.305−0.083%$6.0M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.352−0.034%$2.03B$668.5M10xas long as short
Pacifica HYPE+0.0100%1h93.343−0.043%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.309−0.079%$385.9M$890.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.280−0.111%$114.7M$316.1M50xas long as short
Arcus HYPE-USDshort+0.0100%1h93.294−0.096%$1.2M$4.0M10x
Bulk HYPE-USD+0.0100%1h93.386+0.003%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.304−0.085%$92.3M$81.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.338−0.048%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.282−0.108%$226.6M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.301−0.088%—$54.4M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.361−0.024%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.285−0.106%$28.8M$49.9M—as long as short
GRVT HYPE_USDT_Perplong+0.0100%4h93.383long leg$7.5M$46.8M10x
ApeX Omni HYPEUSDT+0.0100%1h93.338−0.048%$405K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.301−0.088%$675K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.349−0.037%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.357−0.028%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.341−0.045%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.327−0.060%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.340−0.046%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.340−0.046%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.339−0.048%$339K$171K20xas long as short
edgeX HYPEUSDC+0.0101%4h93.326−0.061%$5.1M$29.4M30xas long as short
Extended HYPE-USD+0.0104%1h93.282−0.109%$18.4M$41.0M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.364−0.021%$397K$318K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.440+0.061%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.339−0.047%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.130−0.271%$30K$231K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0317%1h93.448+0.069%$7.4M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.368−0.016%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.281−0.109%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0410%4h93.493+0.118%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.367−0.018%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.438+0.058%$19.2M$25.8M50xas long as short