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 22:00 UTC+0.0371%/8h= +40.6% APRnext payment +$0.46 per $10,000 · paid last 24h +0.024%
Price spread now: RISEx against Lighter RH+0.052%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$110.112% of the position
Long on Lighter RHShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.110%+$11 on $10k
Price spread, last 7 days−0.041%−$4 · spread now +0.052%, 7d avg +0.001%
Together, before fees+0.070%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and RISEx is 0.051% dearer against Lighter RH than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.001%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.110% in total (about 12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH HYPE93.2610.0096pay 0.0012% / 1h3m 19s$3.1M$12.4M20x
ShortRISEx HYPE/USDC93.3090.0467get 0.0058% / 1h3m 19s$2.8M$6.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$77.9
Price spread: +0.052% → +0.001%
$5.1
Slippage, 4 orders
−$5.15
Fee Lighter RH: 0 bp × 2 orders
$0
Fee RISEx: 3 bp × 2 orders
−$6
Net
$71.85
Costs to cover
0.112%
Break-even
0.5 days
Slippage from Lighter RH: live order book, 5 min ago; RISEx: live order book, 1 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, 5 min ago0.80 bp2.1 bp −$24.4 bp −$4426.4 bp −$2,644doesn't fit
Sell RISEx live order book, 1 min ago1.13 bp4.1 bp −$46.2 bp −$62doesn'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−0.0808%1h93.269+0.008%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0260%1h93.318+0.061%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0225%1h93.180−0.087%$700K$932K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.266+0.005%$90K$360K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.238−0.025%$3K$33125xas long as short
Bullet HYPE-USD−0.0045%1h93.277+0.017%$111K$580K20xas long as short
Derive HYPE-PERP−0.0037%1h93.242−0.021%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.280+0.020%$127K$32K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.376+0.123%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.287+0.027%$23K$334K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.325+0.068%$20K—150xas long as short
Aster HYPEUSDT+0.0010%4h93.246−0.016%$8.9M$35.7M300xas long as short
Bybit HYPEUSDT+0.0029%8h93.274+0.014%$324.9M$287.2M75xas long as short
Popdex HYPEUSDT+0.0032%1h93.243−0.019%$56K$1.2M50xas long as short
Gate HYPE_USDT+0.0032%4h93.278+0.018%$44.0M$57.9M75xas long as short
Orderly PERP_HYPE_USDC+0.0051%4h93.295+0.036%$167K$514K20xas long as short
Phoenix HYPE+0.0068%1h93.279+0.019%$215K$1.2M10xas long as short
Vest HYPE-PERP+0.0077%1h93.267+0.006%—$454K5xas long as short
SoDEX HYPE-USD+0.0084%1h93.220−0.044%$2.0M$2.0M10xas long as short
Bluefin HYPE-PERP+0.0096%1h93.297+0.039%$76K$168K20xas long as short
Lighter HYPE+0.0096%1h93.280+0.020%$18.6M$60.0M20xas long as short
Lighter RH HYPElong+0.0096%1h93.261long leg$3.1M$12.4M20x
StandX HYPE-USD+0.0097%1h93.292+0.033%$675K$2.5M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.262+0.001%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.280+0.020%$36K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.243−0.020%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.311+0.054%$2.03B$671.4M10xas long as short
Pacifica HYPE+0.0100%1h93.274+0.014%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.299+0.041%$384.9M$889.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.277+0.017%$114.6M$314.7M50xas long as short
Arcus HYPE-USD+0.0100%1h93.216−0.048%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285+0.026%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.275+0.015%$92.9M$82.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.244−0.018%$46.1M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.305+0.047%$226.6M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.276+0.016%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.259−0.002%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.211−0.054%$29.0M$50.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.271+0.011%$7.5M$45.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.255−0.006%$405K$1.0M50xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.282+0.023%$492K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.307+0.049%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.242−0.020%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.232−0.031%$18.4M$41.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.316+0.059%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.228−0.036%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.360+0.106%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.281+0.022%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.696%$31K$291K12xas long as short
HTX HYPE-USDT+0.0295%4h93.468+0.222%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.326+0.069%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.244−0.018%$17.1M$12.4M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0361%1h93.340+0.085%$7.4M$4.6M50xas long as short
RISEx HYPE/USDCshort+0.0467%1h93.309+0.052%$2.8M$6.8M20x
Kraken Futures PF_HYPEUSD+0.0574%1h93.393+0.142%$19.5M$26.7M50xas long as short