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 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: BingX against OKX+0.025%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Long on OKXShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 7 days−0.030%−$3 · spread now +0.025%, 7d avg +0.004%
Together, before fees−0.044%−$4 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: BingX is 0.020% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX HYPE-USDT-SWAP93.5110.0100pay 0.0100% / 8h2h 35m$114.9M$315.5M50x
ShortBingX HYPE-USDT93.5340.0100get 0.0050% / 4h2h 35m—$54.2M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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
Price spread: +0.025% → +0.004%
$2.02
Slippage, 4 orders
−$2.43
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$20.41
Costs to cover
0.224%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; BingX: live order book, 9 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 OKX live order book, 4 min ago0.05 bp7.1 bp −$78.3 bp −$8319.2 bp −$1,925doesn't fit
Sell BingX live order book, 9 min ago0.11 bp5.1 bp −$57.2 bp −$7212.0 bp −$1,20418.3 bp −$9,159

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−0.1104%1h93.433−0.083%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0256%1h93.449−0.066%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0249%1h93.370−0.151%$701K$941K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.512+0.001%$89K$348K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.414−0.104%$3K$33125xas long as short
Bullet HYPE-USD−0.0025%1h93.459−0.055%$112K$583K20xas long as short
Derive HYPE-PERP−0.0003%1h93.437−0.079%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.485−0.028%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.463−0.051%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.518+0.007%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0012%4h93.512+0.001%$8.9M$35.9M300xas long as short
Gate HYPE_USDT+0.0028%4h93.529+0.019%$44.1M$56.5M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.512+0.001%$325.8M$287.3M75xas long as short
Phoenix HYPE+0.0068%1h93.464−0.050%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0070%4h93.491−0.021%$180K$529K20xas long as short
Popdex HYPEUSDT+0.0080%1h93.485−0.028%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.542+0.033%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.517+0.006%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.462−0.052%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.490−0.022%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.484−0.028%$6.0M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.560+0.052%$2.04B$668.1M10xas long as short
Pacifica HYPE+0.0100%1h93.491−0.021%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.531+0.021%$385.7M$888.9M75xas long as short
OKX HYPE-USDT-SWAPlong+0.0100%8h93.511long leg$114.9M$315.5M50x
Arcus HYPE-USD+0.0100%1h93.458−0.057%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.403−0.116%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.542+0.033%$92.8M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.498−0.014%$46.4M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.541+0.032%$227.2M$102.2M75xas long as short
BingX HYPE-USDTshort+0.0100%4h93.534+0.025%—$54.2M—
Backpack HYPE_USDC_PERP+0.0100%1h93.575+0.068%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.402−0.117%$28.9M$49.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.494−0.018%$7.5M$45.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.482−0.031%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.470−0.044%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.497−0.015%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.512+0.001%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.508−0.003%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.531+0.021%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.490−0.022%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.504−0.007%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.506−0.006%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.509−0.002%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.336−0.187%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0116%8h93.598+0.093%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.400−0.119%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.484−0.029%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0274%1h93.585+0.079%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.350−0.172%$30K$231K12xas long as short
HTX HYPE-USDT+0.0338%4h93.662+0.161%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.519+0.008%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.449−0.066%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.557+0.050%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.599+0.094%$19.2M$25.9M50xas long as short