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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.037%
Price spread now: Orderly against MEXC+0.070%7-day average −0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on MEXCShort on Orderly
What this pair did over the last
the charts below follow
Funding, last 7 days−0.168%−$17 on $10k
Price spread, last 3 days (all we have)−0.077%−$8 · spread now +0.070%, 7d avg −0.011%
Together, before fees−0.244%−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Orderly is 0.081% dearer against MEXC than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.011%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HYPE_USDT92.9860.0088pay 0.0044% / 4h1h 36m$89.7M$81.8M100x
ShortOrderly PERP_HYPE_USDC93.0510.0031get 0.0016% / 4h1h 36m$171K$519K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
−$11.91
Price spread: +0.070% → −0.011%
$8.12
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$13.79
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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, 3 min ago1.13 bp3.1 bp −$34.2 bp −$4212.3 bp −$1,23140.8 bp −$20.4K
Sell Orderly no order-book sample—————
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0361%1h93.192+0.222%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0192%1h93.147+0.174%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.027+0.044%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0105%1h93.070+0.090%$698K$923K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.118+0.142%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0016%1h93.044+0.062%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0008%1h93.039+0.057%$58K$1.2M50xas long as short
dYdX HYPE-USD0.0000%1h93.114+0.138%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.046+0.065%$23K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.060+0.080%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0005%4h92.989+0.003%$8.8M$36.0M300xas long as short
Bybit HYPEUSDT+0.0027%8h93.010+0.026%$322.8M$286.9M75xas long as short
Orderly PERP_HYPE_USDCshort+0.0031%4h93.051+0.070%$171K$519K20x
Derive HYPE-PERP+0.0031%1h92.993+0.007%$16.3M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.374+0.417%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0035%1h93.010+0.025%$111K$579K20xas long as short
Gate HYPE_USDT+0.0040%4h92.991+0.005%$43.8M$58.0M75xas long as short
MEXC HYPE_USDTlong+0.0088%4h92.986long leg$89.7M$81.8M100x
Binance HYPEUSDT+0.0089%4h93.015+0.031%$382.4M$892.8M75xas long as short
Lighter HYPE+0.0096%1h93.036+0.054%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.021+0.038%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.067+0.088%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.060+0.080%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.035+0.053%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.021+0.038%$2.02B$670.3M10xas long as short
Pacifica HYPE+0.0100%1h93.084+0.105%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.014+0.030%$113.6M$313.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.434%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.006+0.022%$47.1M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.998+0.013%$225.4M$102.9M75xas long as short
BingX HYPE-USDT+0.0100%4h92.980−0.006%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.011+0.027%$7.8M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.354+0.396%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.268+0.303%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.246+0.280%$412K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.129+0.154%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.096+0.118%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.067+0.087%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.017+0.033%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.069+0.089%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.005+0.020%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.047+0.066%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.000+0.015%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.998+0.013%$396K$318K20xas long as short
edgeX HYPEUSDC+0.0106%4h93.228+0.261%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0106%8h93.149+0.175%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.120+0.144%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.070+0.090%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.017+0.034%$77K$158K15xas long as short
HTX HYPE-USDT+0.0257%4h93.200+0.230%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.113+0.137%$2.8M$6.8M20xas long as short
BloFin HYPE-USDT+0.0329%4h93.087+0.109%$16.9M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.052+0.071%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0416%1h93.131+0.156%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0467%1h93.092+0.114%$20.8M$28.9M50xas long as short