Settings8H · net · $10k
Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%
Price spread now: Pacifica against Katana Perps+0.037%7-day average +0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.016%+$2 on $10k
Price spread, last 7 days−0.049%−$5 · spread now +0.037%, 7d avg +0.045%
Together, before fees−0.032%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps HYPE-USD93.9700.0099pay 0.0099% / 8h4m 32s$36K$1.6M10x
ShortPacifica HYPE94.0050.0100get 0.0013% / 1h4m 32s$10.1M$14.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Katana Perps. 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
$0.15
Price spread: +0.037% → +0.045%
−$0.81
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$12.46
Costs to cover
0.118%
Break-even
575.7 days
Slippage unknown: Katana Perps: no order-book sample; Pacifica: live order book, 5 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 Katana Perps no order-book sample
Sell Pacifica live order book, 5 min ago0.05 bp5.2 bp −$5doesn't fitdoesn't fitdoesn't fit
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1360%1h93.771−0.212%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0367%1h93.895−0.080%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.870−0.106%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0127%1h93.930−0.043%$704K$923K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.976+0.006%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.932−0.040%$3K$33125xas long as short
Derive HYPE-PERP−0.0010%1h93.784−0.198%$16.4M$7.2M10xas long as short
Orderly PERP_HYPE_USDC−0.0004%4h93.844−0.134%$170K$593K20xas long as short
dYdX HYPE-USD0.0000%1h93.987+0.018%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.854−0.123%$23K$329K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.864−0.113%$27K150xas long as short
Phoenix HYPE+0.0009%1h93.978+0.009%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0014%4h93.985+0.016%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.963−0.007%$323.4M$284.0M75xas long as short
Phemex HYPEUSDT+0.0038%8h93.826−0.153%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0046%4h93.9700.000%$88.4M$82.3M100xas long as short
Binance HYPEUSDT+0.0047%4h93.985+0.016%$384.2M$898.3M75xas long as short
edgeX HYPEUSDC+0.0064%4h93.859−0.118%$5.1M$29.7M30xas long as short
Popdex HYPEUSDT+0.0064%1h93.980+0.011%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0066%4h93.965−0.005%$44.2M$60.0M75xas long as short
Bullet HYPE-USD+0.0087%1h93.827−0.152%$112K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0088%8h93.986+0.017%$116.0M$323.0M50xas long as short
Lighter HYPE+0.0096%1h94.025+0.058%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.994+0.026%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.865−0.112%$399K$318K20xas long as short
Katana Perps HYPE-USDlong+0.0099%8h93.970long leg$36K$1.6M10x
Paradex HYPE-USD-PERP+0.0099%8h94.014+0.047%$341K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.986+0.016%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h94.066+0.102%$2.05B$679.8M10xas long as short
Pacifica HYPEshort+0.0100%1h94.005+0.037%$10.1M$14.5M20x
Bulk HYPE-USD+0.0100%1h93.889−0.086%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.972+0.002%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.983+0.014%$227.7M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.960−0.011%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.890−0.085%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.168%$31.3M$54.2Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.967−0.003%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.849−0.129%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.908−0.066%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.987+0.018%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.853−0.125%$470K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.864−0.113%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.862−0.115%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.861−0.116%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.468%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.962−0.008%$18.3M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.940−0.032%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0156%8h93.911−0.063%$1.9M$5.0M2.3xas long as short
BloFin HYPE-USDT+0.0187%4h93.859−0.118%$17.0M$12.5M75xas long as short
HTX HYPE-USDT+0.0192%4h94.012+0.045%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.822−0.158%$77K$142K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0261%1h93.954−0.017%$7.5M$4.6M50xas long as short
RISEx HYPE/USDC+0.0284%1h94.025+0.058%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.856−0.121%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h93.980+0.010%$21.0M$29.5M50xas long as short