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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−0.0004%/8h= −0.4% APRpaid last 24h −0.004%
Price spread now: 01 Exchange against GRVT+0.376%56s7-day average +0.022% · 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—prices read too far apart to compare
costs, in and out, $10k−$240.242% of the position
Long on GRVTShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.011%−$1 on $10k
Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.376%, 7d avg +0.022%
Together, before fees+0.027%+ Points / potential airdropGRVT: Active · farm board+$3 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: 01 Exchange is 0.353% dearer against GRVT than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.022%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT HYPE_USDT_Perp93.6160.0100pay 0.0050% / 4h55m 46s$7.5M$45.5M10x
Short01 Exchange HYPEUSD93.9680.0096get 0.0012% / 1h55m 46s$91K$355K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$0.84
Price spread: +0.376% → +0.022%
$35.34
Slippage, 4 orders
−$8.23
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$10.27
Costs to cover
0.242%
Break-even
from the start
Slippage from GRVT: live order book, 3 min ago; 01 Exchange: live order book, 23 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, 3 min ago0.05 bp7.0 bp −$77.9 bp −$799653.3 bp −$965.3Kdoesn't fit
Sell 01 Exchange live order book, 23 min ago0.11 bp6.4 bp −$69.1 bp −$91doesn'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−0.0520%1h93.829+0.227%$199K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0486%1h93.686+0.075%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.847+0.247%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.892+0.295%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.912+0.316%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.920+0.324%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.951+0.358%$28K—150xas long as short
Ondo Perps HYPE-USD.P+0.0003%1h93.830+0.228%$703K$903K10xas long as short
Orderly PERP_HYPE_USDC+0.0014%4h93.930+0.335%$176K$526K20xas long as short
Bybit HYPEUSDT+0.0018%8h93.910+0.314%$324.8M$280.5M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0024%4h93.937+0.343%$8.9M$35.8M300xas long as short
Phoenix HYPE+0.0034%1h93.805+0.202%$215K$1.2M10xas long as short
Gate HYPE_USDT+0.0064%4h93.914+0.318%$44.5M$57.9M75xas long as short
MEXC HYPE_USDT+0.0066%4h93.928+0.333%$90.6M$80.3M100xas long as short
Derive HYPE-PERP+0.0069%1h93.859+0.259%$16.4M$6.9M10xas long as short
Binance HYPEUSDT+0.0070%4h93.930+0.335%$385.6M$885.6M75xas long as short
Phemex HYPEUSDT+0.0070%8h93.916+0.320%$12.8M$2.6M50xas long as short
edgeX HYPEUSDC+0.0078%4h93.744+0.137%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.980+0.389%$19.0M$58.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.965+0.373%$3.1M$12.2M20xas long as short
01 Exchange HYPEUSDshort+0.0096%1h93.968+0.376%$91K$355K20x
Popdex HYPEUSDT+0.0096%1h93.925+0.330%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.859+0.259%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.929+0.334%$341K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.920+0.325%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.919+0.324%$5.9M$44.1M10xas long as short
Pacifica HYPE+0.0100%1h93.953+0.359%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.905+0.308%$115.2M$314.8M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.940+0.346%$47.3M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.924+0.329%$227.7M$102.4M75xas long as short
BingX HYPE-USDT+0.0100%4h93.922+0.327%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.942+0.348%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.552−0.068%$30.9M$51.8M—as long as short
GRVT HYPE_USDT_Perplong+0.0100%4h93.616long leg$7.5M$45.5M10x
ApeX Omni HYPEUSDT+0.0100%1h93.759+0.153%$393K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.862+0.263%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.914+0.318%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.946+0.352%$484K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.901+0.304%$112K$577K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.929+0.334%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.976+0.384%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.937+0.343%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680+0.068%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h93.750+0.143%$30K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.900+0.303%$18.6M$42.0M50xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.978+0.386%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.870+0.271%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0218%1h94.020+0.431%$7.4M$4.5M50xas long as short
HTX HYPE-USDT+0.0222%4h94.088+0.504%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0248%1h93.916+0.320%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0266%4h93.898+0.301%$17.0M$12.3M75xas long as short
RISEx HYPE/USDC+0.0284%1h93.981+0.389%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.897+0.300%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.049+0.462%$21.0M$29.0M50xas long as short
Hyperliquid HYPE+0.0644%1h93.980+0.389%$2.05B$667.7M10xas long as short