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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 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Pacifica against KuCoin+0.020%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Long on KuCoinShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days−0.085%−$9 on $10k
Price spread, last 7 days−0.024%−$2 · spread now +0.020%, 7d avg −0.003%
Together, before fees−0.109%+ Points / potential airdropPacifica: Active · farm board−$11 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: Pacifica is 0.023% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPEUSDTM93.9600.0100pay 0.0050% / 4h54m 35s$47.3M$18.3M75x
ShortPacifica HYPE93.9790.0100get 0.0013% / 1h54m 35s$10.2M$14.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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
Price spread: +0.020% → −0.003%
$2.31
Slippage, 4 orders
−$6.32
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$24.01
Costs to cover
0.263%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Pacifica: live order book, 5 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 KuCoin live order book, 4 min ago0.53 bp8.3 bp −$817.3 bp −$173doesn't fitdoesn't fit
Sell Pacifica live order book, 5 min ago0.05 bp4.4 bp −$4doesn'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−0.0520%1h93.829−0.140%$199K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0484%1h93.731−0.244%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.888−0.077%$1.2M$3.8M10xas long as short
ApeX Omni HYPEUSDT−0.0160%1h93.896−0.068%$349K$1.1M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.965+0.005%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.912−0.051%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.940−0.021%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.963+0.003%$28K—150xas long as short
Orderly PERP_HYPE_USDC+0.0014%4h93.940−0.021%$176K$526K20xas long as short
Bybit HYPEUSDT+0.0020%8h93.981+0.022%$324.9M$280.9M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0028%4h93.950−0.010%$8.9M$35.8M300xas long as short
Phoenix HYPE+0.0034%1h93.805−0.165%$215K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0046%1h93.920−0.043%$703K$904K10xas long as short
edgeX HYPEUSDC+0.0067%4h93.855−0.112%$5.1M$29.7M30xas long as short
Gate HYPE_USDT+0.0068%4h93.981+0.022%$44.5M$57.9M75xas long as short
Derive HYPE-PERP+0.0069%1h93.885−0.080%$16.4M$6.9M10xas long as short
Phemex HYPEUSDT+0.0070%8h93.934−0.028%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0070%4h93.945−0.016%$90.6M$80.3M100xas long as short
Binance HYPEUSDT+0.0072%4h93.976+0.017%$386.1M$886.1M75xas long as short
Lighter HYPE+0.0096%1h94.000+0.043%$19.0M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.978+0.019%$3.1M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.977+0.018%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.941−0.020%$400K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.979+0.020%$341K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.950−0.011%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.980+0.021%$5.9M$44.2M10xas long as short
Pacifica HYPEshort+0.0100%1h93.979+0.020%$10.2M$14.5M20x
OKX HYPE-USDT-SWAP+0.0100%8h93.987+0.029%$115.3M$315.3M50xas long as short
KuCoin HYPEUSDTMlong+0.0100%4h93.960long leg$47.3M$18.3M75x
Bitget HYPEUSDT+0.0100%4h93.976+0.017%$227.8M$102.4M75xas long as short
BingX HYPE-USDT+0.0100%4h93.972+0.013%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.9600.000%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.882−0.083%$32.1M$53.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.906−0.057%$7.6M$45.5M10xas long as short
StandX HYPE-USD+0.0100%1h93.945−0.016%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.961+0.001%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.962+0.002%$485K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.916−0.047%$113K$577K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.946−0.015%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.991+0.033%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.938−0.023%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680−0.298%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h93.850−0.117%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.962+0.002%$18.6M$42.0M50xas long as short
01 Exchange HYPEUSD+0.0104%1h94.004+0.047%$91K$356K20xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.994+0.036%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.870−0.096%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0223%4h94.099+0.148%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0248%1h93.933−0.029%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0280%4h93.930−0.032%$17.0M$12.3M75xas long as short
RISEx HYPE/USDC+0.0284%1h94.035+0.080%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0325%1h94.035+0.080%$7.4M$4.5M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.924−0.038%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.042+0.087%$21.0M$29.0M50xas long as short
Hyperliquid HYPE+0.0626%1h94.000+0.043%$2.05B$663.9M10xas long as short