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−0.0004%/8h= −0.4% APRpaid last 24h +0.022%
Price spread now: Lighter RH against OKX+0.063%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$160.160% of the position
Long on OKXShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 7 days−0.052%−$5 · spread now +0.063%, 7d avg +0.009%
Together, before fees−0.049%+ Points / potential airdropLighter RH: Points live · farm board−$5 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: Lighter RH is 0.054% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX HYPE-USDT-SWAP93.6050.0100pay 0.0100% / 8h2h 20m$115.0M$316.0M50x
ShortLighter RH HYPE93.6640.0096get 0.0012% / 1h20m 58s$3.1M$12.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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
−$0.84
Price spread: +0.063% → +0.009%
$5.39
Slippage, 4 orders
−$6
Fee OKX: 5 bp × 2 orders
−$10
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$11.45
Costs to cover
0.160%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Lighter RH: live order book, 3 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, 3 min ago0.05 bp5.1 bp −$56.3 bp −$6316.3 bp −$1,633doesn't fit
Sell Lighter RH live order book, 3 min ago1.65 bp1.7 bp −$22.7 bp −$2724.5 bp −$2,453doesn'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−0.1008%1h93.647+0.044%$198K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0288%1h93.668+0.068%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0238%1h93.580−0.027%$703K$934K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.679+0.079%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0064%1h93.689+0.090%$90K$343K20xas long as short
Derive HYPE-PERP−0.0021%1h93.590−0.016%$16.4M$7.0M10xas long as short
Bullet HYPE-USD−0.0020%1h93.621+0.017%$112K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.721+0.124%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.661+0.060%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.670+0.069%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0027%4h93.639+0.036%$9.0M$35.8M300xas long as short
Gate HYPE_USDT+0.0030%4h93.623+0.019%$44.1M$57.1M75xas long as short
Bybit HYPEUSDT+0.0036%8h93.610+0.005%$326.0M$287.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0062%4h93.619+0.015%$175K$536K20xas long as short
Popdex HYPEUSDT+0.0064%1h93.665+0.064%$57K$1.2M50xas long as short
Phoenix HYPE+0.0068%1h93.733+0.137%$216K$1.2M10xas long as short
Lighter HYPE+0.0096%1h93.665+0.064%$18.6M$59.6M20xas long as short
Lighter RH HYPEshort+0.0096%1h93.664+0.063%$3.1M$12.4M20x
Paradex HYPE-USD-PERP+0.0100%8h93.682+0.083%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.710+0.112%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.665+0.064%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.732+0.136%$2.04B$670.1M10xas long as short
Pacifica HYPE+0.0100%1h93.690+0.091%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.614+0.010%$386.2M$889.2M75xas long as short
OKX HYPE-USDT-SWAPlong+0.0100%8h93.605long leg$115.0M$316.0M50x
Arcus HYPE-USD+0.0100%1h93.647+0.045%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.690+0.090%$205K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.608+0.003%$93.7M$82.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.625+0.021%$46.5M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.625+0.021%$227.4M$102.4M75xas long as short
BingX HYPE-USDT+0.0100%4h93.621+0.017%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.648+0.046%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.652+0.050%$29.0M$50.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.753+0.158%$7.5M$45.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.664+0.063%$407K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.704+0.106%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.715+0.117%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.712+0.114%$495K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.644+0.042%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.744+0.148%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.621+0.017%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.675+0.075%$12.8M$2.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0102%1h93.730+0.134%$7.4M$4.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.594−0.012%$18.3M$41.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.644+0.042%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0106%4h93.684+0.084%$5.1M$29.7M30xas long as short
Kalshi KXHYPEPERP+0.0128%8h93.747+0.152%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.700+0.101%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.619+0.015%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.600−0.005%$30K$291K12xas long as short
HTX HYPE-USDT+0.0306%4h93.825+0.235%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.682+0.082%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.613+0.009%$17.0M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.731+0.135%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0572%1h93.757+0.162%$19.2M$26.0M50xas long as short