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Funding arb · Price arb /

HYPE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: ApeX Omni against Lighter+0.016%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$210.205% of the position
Long on LighterShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 3 days (all we have)+0.164%+$16 · spread now +0.016%, 7d avg −0.035%
Together, before fees+0.178%+ Points / potential airdropLighter: Season 3 · farm board+$18 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: ApeX Omni is 0.051% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter HYPE93.5430.0096pay 0.0012% / 1h29m 32s$18.5M$59.5M20x
ShortApeX Omni HYPEUSDT93.5580.0100get 0.0013% / 1h29m 32s$406K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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: +0.016% → −0.035%
$5.08
Slippage, 4 orders
−$10.5
Fee Lighter: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$14.59
Costs to cover
0.205%
Break-even
128.6 days
Slippage from Lighter: live order book, 5 min ago; ApeX Omni: live order book, 4 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 Lighter live order book, 5 min ago0.68 bp0.9 bp −$14.3 bp −$4313.5 bp −$1,35240.5 bp −$20.2K
Sell ApeX Omni live order book, 4 min ago3.26 bp9.6 bp −$1013.0 bp −$130doesn'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−0.1064%1h93.496−0.051%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0275%1h93.536−0.008%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0248%1h93.440−0.110%$701K$939K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.562+0.020%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.547+0.004%$89K$347K20xas long as short
Bullet HYPE-USD−0.0028%1h93.511−0.035%$112K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.563+0.021%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.566+0.025%$23K$337K10xas long as short
Derive HYPE-PERP+0.0001%1h93.475−0.073%$16.4M$7.1M10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.551+0.008%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0018%4h93.495−0.052%$8.9M$35.8M300xas long as short
Gate HYPE_USDT+0.0024%4h93.516−0.029%$44.1M$56.6M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.495−0.052%$325.7M$287.2M75xas long as short
Orderly PERP_HYPE_USDC+0.0068%4h93.527−0.017%$175K$536K20xas long as short
Phoenix HYPE+0.0068%1h93.549+0.006%$216K$1.2M10xas long as short
Popdex HYPEUSDT+0.0072%1h93.513−0.032%$57K$1.2M50xas long as short
Lighter HYPElong+0.0096%1h93.543long leg$18.5M$59.5M20x
Lighter RH HYPE+0.0096%1h93.522−0.023%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.504−0.042%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.550+0.007%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.513−0.033%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.606+0.067%$2.04B$669.5M10xas long as short
Pacifica HYPE+0.0100%1h93.513−0.032%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.513−0.032%$385.8M$887.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.517−0.028%$114.8M$315.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.485−0.062%$1.2M$4.0M10xas long as short
MEXC HYPE_USDT+0.0100%4h93.495−0.052%$93.5M$82.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.501−0.045%$46.4M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.526−0.018%$227.2M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.491−0.056%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.549+0.006%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.541−0.003%$28.9M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.580+0.039%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.558+0.016%$406K$1.0M50x
StandX HYPE-USD+0.0100%1h93.602+0.063%$677K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.555+0.013%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.545+0.002%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.520−0.025%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.599+0.060%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.505−0.041%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.546+0.003%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.556+0.014%$204K$12K10xas long as short
Extended HYPE-USD+0.0104%1h93.500−0.046%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.550+0.007%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0116%4h93.5440.000%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0126%8h93.629+0.092%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0145%1h93.615+0.077%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.600+0.061%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.512−0.033%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.490−0.057%$30K$231K12xas long as short
HTX HYPE-USDT+0.0333%4h93.724+0.193%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0164%1h93.563+0.021%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.545+0.002%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.581+0.040%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.608+0.069%$19.2M$26.0M50xas long as short