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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 22:00 UTC+0.0185%/8h= +20.2% APRpaid last 24h +0.076%
Price spread now: Injective against GRVT−0.049%7-day average +0.165% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GRVTShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days+2.329%+$233 on $10k
Price spread, last 3 days (all we have)−0.134%−$13 · spread now −0.049%, 7d avg +0.165%
Together, before fees+2.195%+ Points / potential airdropGRVT: Active · farm board+$219 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.214% cheaper against GRVT than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.165%). If the spread goes back, that is −$21 on $10k: about 3.9 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+2.329% in total) that is about 15 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT HYPE_USDT_Perp93.3360.0100pay 0.0050% / 4h2h 49m$7.5M$46.2M10x
ShortInjective HYPE/USDC PERP93.2900.0285get 0.0036% / 1h49m 00s$30K$231K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against GRVT. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$38.78
Price spread: −0.049% → +0.165%
−$21.45
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$8.31
Costs to cover
0.090%
Break-even
5.5 days
Slippage unknown: GRVT: live order book, 5 min ago; Injective: live order book, 40 min ago. Net counts fees only.

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, 5 min ago0.05 bp4.6 bp −$55.1 bp −$515140.3 bp −$514.0Kdoesn't fit
Sell Injective live order book, 40 min ago36.79 bpdoesn't fitdoesn't fitdoesn'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−0.1280%1h93.248−0.094%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0186%1h93.210−0.135%$700K$943K10xas long as short
Aftermath Perps HYPEUSD−0.0146%1h93.371+0.037%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.419+0.089%$89K$344K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.380+0.047%$3K$33125xas long as short
Bullet HYPE-USD−0.0025%1h93.376+0.042%$113K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.407+0.076%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.497+0.172%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.441+0.112%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.420+0.090%$19K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0010%4h93.415+0.084%$8.9M$36.3M300xas long as short
Derive HYPE-PERP+0.0017%1h93.339+0.003%$16.4M$7.1M10xas long as short
Gate HYPE_USDT+0.0018%4h93.446+0.118%$44.2M$56.2M75xas long as short
Bybit HYPEUSDT+0.0041%8h93.430+0.101%$325.8M$288.3M75xas long as short
Phoenix HYPE+0.0068%1h93.408+0.077%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0076%4h93.408+0.077%$180K$536K20xas long as short
ApeX Omni HYPEUSDT+0.0092%1h93.318−0.019%$405K$1.1M50xas long as short
Lighter HYPE+0.0096%1h93.440+0.111%$18.5M$59.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.413+0.082%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.399+0.067%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.420+0.090%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.398+0.067%$6.0M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.444+0.116%$2.03B$668.9M10xas long as short
Pacifica HYPE+0.0100%1h93.432+0.103%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.445+0.117%$385.9M$890.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.439+0.110%$114.8M$316.6M50xas long as short
Arcus HYPE-USD+0.0100%1h93.383+0.050%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.001%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.440+0.111%$92.8M$81.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.440+0.111%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.424+0.094%$226.9M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.439+0.110%—$54.5M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.418+0.088%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.295−0.044%$28.8M$49.8M—as long as short
GRVT HYPE_USDT_Perplong+0.0100%4h93.336long leg$7.5M$46.2M10x
StandX HYPE-USD+0.0100%1h93.344+0.008%$675K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.438+0.109%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.428+0.098%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.391+0.059%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.424+0.094%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.378+0.045%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.381+0.048%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.427+0.098%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.416+0.085%$18.4M$41.0M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.400+0.068%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.276−0.064%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.460+0.133%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0242%1h93.484+0.158%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.392+0.060%$77K$157K15xas long as short
Injective HYPE/USDC PERPshort+0.0285%1h93.290−0.049%$30K$231K12x
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.425+0.095%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.376+0.043%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0398%4h93.581+0.262%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.466+0.139%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.479+0.153%$19.2M$25.9M50xas long as short