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 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.023%
Price spread now: Bluefin against MEXC+0.007%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Long on MEXCShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.093%−$9 on $10k
Price spread, last 3 days (all we have)−0.045%−$4 · spread now +0.007%, 7d avg −0.012%
Together, before fees−0.137%−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.093%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HYPE_USDT93.8410.0056pay 0.0028% / 4h3h 06m$88.3M$83.3M100x
ShortBluefin HYPE-PERP93.8480.0088get 0.0011% / 1h6m 58s$76K$170K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against MEXC. 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
$6.67
Price spread: +0.007% → −0.012%
$1.93
Slippage, 4 orders
−$25.93
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$28.32
Costs to cover
0.369%
Break-even
36.7 days
Slippage from MEXC: live order book, 2 min ago; Bluefin: live order book, 2 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 MEXC live order book, 2 min ago0.27 bp2.3 bp −$22.9 bp −$2913.3 bp −$1,33447.6 bp −$23.8K
Sell Bluefin live order book, 2 min ago5.49 bp14.8 bp −$15doesn'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−0.1152%1h93.929+0.093%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.779−0.066%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0207%1h93.950+0.116%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0097%1h93.860+0.020%$710K$958K10xas long as short
dYdX HYPE-USD−0.0085%1h93.911+0.075%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h93.865+0.026%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.895+0.058%$3K$33125xas long as short
Phemex HYPEUSDT−0.0054%8h93.917+0.081%$12.8M$2.6M50xas long as short
Bullet HYPE-USD−0.0049%1h93.849+0.008%$113K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0032%4h93.846+0.005%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0016%4h93.843+0.002%$44.4M$60.3M75xas long as short
Perpl HYPE0.0000%43m93.909+0.072%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.886+0.048%$27K—150xas long as short
Aster HYPEUSDT+0.0009%4h93.861+0.021%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0010%1h93.817−0.025%$16.4M$7.6M10xas long as short
Bybit HYPEUSDT+0.0020%8h93.850+0.010%$323.0M$279.0M75xas long as short
Phoenix HYPE+0.0034%1h94.045+0.217%$214K$1.2M10xas long as short
Binance HYPEUSDT+0.0054%4h93.857+0.017%$383.3M$893.7M75xas long as short
edgeX HYPEUSDC+0.0055%4h94.001+0.171%$5.1M$29.7M30xas long as short
MEXC HYPE_USDTlong+0.0056%4h93.841long leg$88.3M$83.3M100x
OKX HYPE-USDT-SWAP+0.0072%8h93.859+0.019%$116.0M$314.8M50xas long as short
Bluefin HYPE-PERPshort+0.0088%1h93.848+0.007%$76K$170K20x
Lighter HYPE+0.0096%1h93.900+0.063%$18.9M$60.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.886+0.048%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.864+0.025%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.840−0.001%$399K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.921+0.085%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.890+0.052%$31K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.874+0.035%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.928+0.093%$2.05B$668.4M10xas long as short
Pacifica HYPE+0.0100%1h93.923+0.087%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.851+0.011%$46.6M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.8410.000%$227.2M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.850+0.010%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.818−0.025%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.920+0.084%$31.4M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.999+0.168%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.020+0.191%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.897+0.060%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.913+0.077%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.898+0.061%$474K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.917+0.081%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.871+0.032%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.894+0.056%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.802−0.041%$18.4M$45.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.900+0.063%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.810−0.033%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0218%4h93.919+0.083%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h93.915+0.079%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0244%8h93.947+0.113%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.857+0.017%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0156%1h93.886+0.048%$1.4M—100xas long as short
HTX HYPE-USDT+0.0367%4h94.069+0.243%$1.5M$5.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0410%1h93.963+0.130%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.955+0.121%$20.9M$29.8M50xas long as short