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 08:00 UTC−0.0078%/8h= −8.6% APRnext payment −$0.78 per $10,000 · paid last 24h +0.003%
Price spread now: Bybit against OKX−0.030%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$250.247% of the position
Long on OKXShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 7 days+0.024%+$2 · spread now −0.030%, 7d avg −0.006%
Together, before fees+0.021%+$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 0.024% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX HYPE-USDT-SWAP93.1180.0100pay 0.0100% / 8h2h 39m$114.2M$308.4M50x
ShortBybit HYPEUSDT93.0900.0022get 0.0022% / 8h2h 39m$316.2M$283.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
−$16.46
Price spread: −0.030% → −0.006%
−$2.42
Slippage, 4 orders
−$3.69
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$43.57
Costs to cover
0.247%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 4 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 bp5.8 bp −$68.5 bp −$8519.7 bp −$1,971doesn't fit
Sell Bybit live order book, 4 min ago0.54 bp6.7 bp −$78.5 bp −$8515.9 bp −$1,59533.6 bp −$16.8K

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−0.1736%1h93.110−0.009%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0365%1h93.359+0.259%$22K$21K10xas long as short
Bullet HYPE-USD−0.0087%1h93.138+0.021%$111K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.095−0.025%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0024%4h93.177+0.063%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0024%1h93.132+0.015%$87K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.220+0.109%$128K$29K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.152+0.037%$1.8M$5.6M2.3xas long as short
Perpl HYPE0.0000%43m93.139+0.022%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.200+0.088%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0011%1h93.084−0.037%$1.0M$3.9M10xas long as short
Bitget HYPEUSDT+0.0014%4h93.1180.000%$225.2M$98.9M75xas long as short
Ondo Perps HYPE-USD.P+0.0015%1h93.080−0.041%$701K$1.2M10xas long as short
Bybit HYPEUSDTshort+0.0022%8h93.090−0.030%$316.2M$283.9M75x
Phoenix HYPE+0.0026%1h93.305+0.201%$209K$1.2M10xas long as short
Phemex HYPEUSDT+0.0045%8h93.218+0.107%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0084%4h93.341+0.239%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.155+0.040%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.165+0.051%$16.1M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.155+0.040%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.111−0.008%$76K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.120+0.002%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.112−0.007%$8.0M$48.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.194+0.082%$2.03B$667.7M10xas long as short
Aster HYPEUSDT+0.0100%4h93.145+0.029%$8.7M$36.5M300xas long as short
Pacifica HYPE+0.0100%1h93.167+0.052%$10.0M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.143+0.027%$373.2M$913.0M75xas long as short
OKX HYPE-USDT-SWAPlong+0.0100%8h93.118long leg$114.2M$308.4M50x
Gate HYPE_USDT+0.0100%4h93.160+0.045%$46.5M$54.1M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.1180.000%$90.1M$80.7M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.144+0.028%$46.0M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.119+0.001%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.209+0.098%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.140+0.023%$28.5M$56.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.468+0.376%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.345+0.244%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.273+0.166%$667K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.208+0.097%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.168+0.054%$501K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.197+0.085%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.184+0.071%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.171+0.057%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.179+0.066%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.297+0.192%$1.4M$6.4M75xas long as short
Bulk HYPE-USD+0.0100%1h93.344+0.243%$215K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.087−0.034%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.183+0.070%$394K$161K20xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.190+0.077%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.200+0.088%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.141+0.025%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.168+0.054%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.200+0.088%$16.8M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0342%1h93.242+0.134%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0512%1h93.302+0.198%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.188+0.075%$3.2M$6.2M20xas long as short