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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 23:00 UTC−0.0139%/8h= −15.2% APRnext payment −$0.17 per $10,000 · paid last 24h −0.060%
Price spread now: ApeX Omni against Injective+0.189%7-day average −0.182% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days−2.293%−$229 on $10k
Price spread, last 3 days (all we have)−0.121%−$12 · spread now +0.189%, 7d avg −0.182%
Together, before fees−2.414%−$241 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.371% dearer against Injective than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of −0.182%): +$37 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 8.9 days. At the pace of the last 7 days (−2.293% in total) that is about 27 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective HYPE/USDC PERP93.0700.0239pay 0.0030% / 1h36m 58s$30K$338K12x
ShortApeX Omni HYPEUSDT93.2460.0100get 0.0013% / 1h36m 58s$412K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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
−$29.13
Price spread: +0.189% → −0.182%
$37.08
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$2.07
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: live order book, 47 min ago; ApeX Omni: live order book, 2 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 Injective live order book, 47 min ago15.46 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 2 min ago3.97 bp9.0 bp −$912.3 bp −$123doesn'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
Aftermath Perps HYPEUSD−0.0362%1h93.223+0.164%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0184%1h93.205+0.145%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.101+0.033%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0103%1h93.150+0.086%$700K$924K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.161+0.098%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0016%1h93.125+0.059%$90K$361K20xas long as short
dYdX HYPE-USD0.0000%1h93.189+0.128%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.125+0.059%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.144+0.080%$23K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.150+0.086%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0008%4h93.092+0.024%$8.8M$36.0M300xas long as short
Bybit HYPEUSDT+0.0027%8h93.067−0.003%$323.0M$286.9M75xas long as short
Orderly PERP_HYPE_USDC+0.0033%4h93.112+0.045%$171K$519K20xas long as short
Phoenix HYPE+0.0034%1h93.374+0.327%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0035%1h93.106+0.039%$111K$579K20xas long as short
Gate HYPE_USDT+0.0038%4h93.089+0.020%$43.8M$57.9M75xas long as short
Derive HYPE-PERP+0.0039%1h93.083+0.014%$16.3M$7.1M10xas long as short
Binance HYPEUSDT+0.0089%4h93.078+0.008%$382.6M$892.6M75xas long as short
MEXC HYPE_USDT+0.0090%4h93.065−0.005%$89.8M$81.8M100xas long as short
Lighter HYPE+0.0096%1h93.152+0.088%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.123+0.057%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.143+0.078%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.150+0.086%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.120+0.053%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.126+0.060%$2.02B$670.2M10xas long as short
Pacifica HYPE+0.0100%1h93.153+0.089%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.064−0.006%$113.8M$313.4M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.344%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.104+0.037%$47.1M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.078+0.009%$225.6M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.098+0.030%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.118+0.052%$7.8M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.354+0.305%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.268+0.212%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.246+0.189%$412K$1.0M50x
StandX HYPE-USD+0.0100%1h93.210+0.150%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.183+0.121%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.158+0.095%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.116+0.049%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.178+0.116%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.105+0.038%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.153+0.089%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.050−0.021%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.094+0.026%$396K$318K20xas long as short
edgeX HYPEUSDC+0.0106%4h93.228+0.170%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.221+0.162%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.190+0.129%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERPlong+0.0239%1h93.070long leg$30K$338K12x
Reya HYPERUSDPERP+0.0247%1h93.100+0.032%$78K$158K15xas long as short
HTX HYPE-USDT+0.0259%4h93.300+0.247%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.204+0.145%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0319%1h93.211+0.151%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0329%4h93.087+0.018%$16.9M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.154+0.091%$1.5M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.200+0.139%$20.8M$28.9M50xas long as short