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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 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SunX against Katana Perps+0.049%7-day average +0.082% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on SunX
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 3 days (all we have)+0.004%$0 · spread now +0.049%, 7d avg +0.082%
Together, before fees+0.020%+$2 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: SunX is 0.033% cheaper against Katana Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.082%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps HYPE-USD93.8900.0100pay 0.0100% / 8h7h 07m$31K$1.6M10x
ShortSunX HYPE-USDT93.9360.0100get 0.0050% / 4h3h 07m$32K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$0.04
Price spread: +0.049% → +0.082%
−$3.28
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$15.03
Costs to cover
0.118%
Break-even
2393.3 days
Slippage unknown: Katana Perps: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago19.34 bp32.7 bp −$33doesn'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−0.1152%1h93.929+0.041%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.779−0.118%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0208%1h93.964+0.078%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0097%1h93.860−0.032%$710K$958K10xas long as short
dYdX HYPE-USD−0.0085%1h93.911+0.023%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h93.865−0.027%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.895+0.005%$3K$33125xas long as short
Phemex HYPEUSDT−0.0051%8h93.922+0.034%$12.8M$2.6M50xas long as short
Bullet HYPE-USD−0.0047%1h93.896+0.007%$113K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0031%4h93.868−0.023%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0016%4h93.881−0.010%$44.4M$60.3M75xas long as short
Perpl HYPE0.0000%43m93.935+0.048%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.921+0.033%$27K—150xas long as short
Aster HYPEUSDT+0.0009%4h93.854−0.038%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0015%1h93.844−0.049%$16.4M$7.6M10xas long as short
Bybit HYPEUSDT+0.0016%8h93.872−0.019%$323.1M$279.0M75xas long as short
Phoenix HYPE+0.0034%1h94.071+0.193%$218K$1.2M10xas long as short
Binance HYPEUSDT+0.0054%4h93.893+0.003%$383.3M$893.6M75xas long as short
MEXC HYPE_USDT+0.0056%4h93.888−0.002%$88.4M$83.3M100xas long as short
edgeX HYPEUSDC+0.0065%4h93.937+0.050%$5.1M$29.6M30xas long as short
OKX HYPE-USDT-SWAP+0.0073%8h93.881−0.010%$116.1M$314.9M50xas long as short
Bluefin HYPE-PERP+0.0095%1h93.845−0.048%$76K$170K20xas long as short
Lighter HYPE+0.0096%1h93.922+0.034%$18.9M$60.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.907+0.018%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.864−0.028%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.874−0.018%$399K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.921+0.033%$341K$165K20xas long as short
Katana Perps HYPE-USDlong+0.0100%8h93.890long leg$31K$1.6M10x
Nado HYPE-PERP+0.0100%1h93.891+0.001%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.958+0.072%$2.05B$668.4M10xas long as short
Pacifica HYPE+0.0100%1h93.923+0.035%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.892+0.002%$46.6M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.8900.000%$227.3M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.887−0.003%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.807−0.088%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.920+0.031%$31.4M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.053+0.173%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.946+0.060%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.033+0.152%$671K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.947+0.061%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.931+0.044%$474K$2.5M20xas long as short
SunX HYPE-USDTshort+0.0100%4h93.936+0.049%$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.892+0.002%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.894+0.004%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.871−0.020%$18.4M$45.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.900+0.011%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.639%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0212%4h94.058+0.179%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h93.915+0.027%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0241%8h93.988+0.104%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.904+0.015%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0156%1h93.913+0.024%$1.4M—100xas long as short
HTX HYPE-USDT+0.0367%4h94.100+0.224%$1.5M$5.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0463%1h93.987+0.103%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.973+0.088%$21.0M$29.8M50xas long as short