Settings8H · net · $10k
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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−0.0074%/8h= −8.1% APRpaid last 24h −0.011%
Price spread now: Bybit against Lighter RH−0.040%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$170.173% of the position
Long on Lighter RHShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days+0.017%+$2 · spread now −0.040%, 7d avg −0.015%
Together, before fees+0.018%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.025% cheaper against Lighter RH than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH HYPE93.2770.0096pay 0.0012% / 1h21m 19s$3.1M$12.2M20x
ShortBybit HYPEUSDT93.2400.0022get 0.0022% / 8h1h 21m$323.2M$287.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Lighter RH. 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
−$15.55
Price spread: −0.040% → −0.015%
−$2.48
Slippage, 4 orders
−$6.28
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$35.3
Costs to cover
0.173%
Break-even
never at this rate
Slippage from Lighter RH: live order book, 2 min ago; Bybit: live order book, 3 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 RH live order book, 2 min ago1.83 bp1.9 bp −$23.8 bp −$3826.0 bp −$2,601doesn't fit
Sell Bybit live order book, 3 min ago0.54 bp6.9 bp −$79.2 bp −$9218.5 bp −$1,84841.9 bp −$20.9K

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−0.0422%1h93.090−0.201%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0320%1h93.155−0.131%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.148−0.138%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0126%1h93.150−0.136%$699K$928K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.230−0.050%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0032%1h93.224−0.057%$90K$361K20xas long as short
Popdex HYPEUSDT−0.0008%1h93.195−0.088%$58K$1.2M50xas long as short
Aster HYPEUSDT−0.0008%4h93.240−0.040%$8.9M$36.0M300xas long as short
dYdX HYPE-USD0.0000%1h93.276−0.001%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.230−0.050%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.2770.000%$20K—150xas long as short
Bybit HYPEUSDTshort+0.0022%8h93.240−0.040%$323.2M$287.4M75x
Orderly PERP_HYPE_USDC+0.0022%4h93.253−0.026%$172K$518K20xas long as short
Derive HYPE-PERP+0.0029%1h93.205−0.077%$16.3M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.030−0.265%$214K$1.2M10xas long as short
Gate HYPE_USDT+0.0054%4h93.245−0.034%$43.9M$58.5M75xas long as short
Bullet HYPE-USD+0.0058%1h93.239−0.040%$111K$580K20xas long as short
MEXC HYPE_USDT+0.0062%4h93.242−0.038%$90.4M$82.2M100xas long as short
Binance HYPEUSDT+0.0064%4h93.259−0.019%$382.0M$895.7M75xas long as short
edgeX HYPEUSDC+0.0074%4h92.953−0.347%$5.0M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.297+0.022%$18.6M$59.0M20xas long as short
Lighter RH HYPElong+0.0096%1h93.277long leg$3.1M$12.2M20x
Aevo HYPE-PERP+0.0096%1h93.236−0.043%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.246−0.033%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.190−0.093%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.209−0.072%$5.9M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.242−0.038%$2.03B$669.1M10xas long as short
Pacifica HYPE+0.0100%1h93.252−0.027%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.240−0.040%$113.8M$314.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.030−0.265%$203K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.248−0.031%$47.0M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.247−0.032%$226.0M$103.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.232−0.048%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.240−0.040%$7.8M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h92.933−0.368%$28.9M$50.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.008−0.288%$7.5M$45.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.016−0.280%$414K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.100−0.190%$673K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.238−0.042%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.242−0.038%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.260−0.018%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.273−0.004%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.249−0.030%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.231−0.049%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.230−0.050%$18.2M$42.0M50xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.172−0.113%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.220−0.061%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.320+0.046%$30K$338K12xas long as short
HTX HYPE-USDT+0.0242%4h93.400+0.132%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0247%1h93.226−0.055%$77K$159K15xas long as short
BloFin HYPE-USDT+0.0254%4h92.996−0.301%$16.9M$12.5M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.2770.000%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h93.267−0.011%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0425%1h93.346+0.074%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.372+0.102%$20.9M$29.0M50xas long as short