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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%
Price spread now: Polymarket Perps against OKX−0.201%47s7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.216% of the position
Long on OKXShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.018%+$2 on $10k
Price spread, last 7 days+0.072%+$7 · spread now −0.201%, 7d avg −0.034%
Together, before fees+0.090%+$9 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: Polymarket Perps is 0.167% cheaper against OKX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.034%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX HYPE-USDT-SWAP93.3960.0100pay 0.0100% / 8h2h 22m$114.6M$309.5M50x
ShortPolymarket Perps HYPE-USD93.2080.0100get 0.0013% / 1h22m 49s$483K$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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: −0.201% → −0.034%
−$16.68
Slippage, 4 orders
−$3.56
Fee OKX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$38.24
Costs to cover
0.216%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Polymarket Perps: live order book, 1 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, 1 min ago0.05 bp6.3 bp −$68.7 bp −$8718.8 bp −$1,879doesn't fit
Sell Polymarket Perps live order book, 1 min ago0.54 bp4.5 bp −$55.0 bp −$5011.2 bp −$1,115doesn'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−0.1424%1h93.245−0.162%$197K$237K7xas long as short
Aftermath Perps HYPEUSD−0.0377%1h93.214−0.195%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.266−0.139%$3K$33125xas long as short
Bullet HYPE-USD−0.0061%1h93.199−0.211%$111K$581K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.238−0.169%$145K$672K20xas long as short
01 Exchange HYPEUSD−0.0008%1h93.211−0.198%$87K$365K20xas long as short
dYdX HYPE-USD0.0000%1h93.395−0.001%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.246−0.161%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.239−0.169%$62K—150xas long as short
Arcus HYPE-USD+0.0011%1h93.171−0.241%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0014%4h93.356−0.043%$225.2M$99.0M75xas long as short
Bybit HYPEUSDT+0.0019%8h93.370−0.028%$317.0M$282.2M75xas long as short
Phoenix HYPE+0.0026%1h93.255−0.151%$207K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0032%1h93.240−0.167%$702K$1.2M10xas long as short
Phemex HYPEUSDT+0.0060%8h93.318−0.084%$12.7M$2.8M50xas long as short
edgeX HYPEUSDC+0.0085%4h93.101−0.316%$4.9M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.290−0.113%$339K$157K20xas long as short
Lighter HYPE+0.0096%1h93.363−0.035%$16.1M$63.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.365−0.033%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.191−0.219%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.190−0.221%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.210−0.199%$8.0M$48.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.397+0.001%$2.03B$665.6M10xas long as short
Aster HYPEUSDT+0.0100%4h93.360−0.039%$8.7M$36.3M300xas long as short
Pacifica HYPE+0.0100%1h93.258−0.147%$10.0M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.378−0.019%$374.4M$911.7M75xas long as short
OKX HYPE-USDT-SWAPlong+0.0100%8h93.396long leg$114.6M$309.5M50x
Bulk HYPE-USD+0.0100%1h93.230−0.178%$215K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.377−0.020%$47.0M$54.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.403+0.007%$90.5M$81.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.361−0.037%$46.2M$18.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.374−0.024%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.329−0.072%$7.1M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.070−0.349%$28.4M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.294−0.110%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.095−0.322%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.345−0.055%$668K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.283−0.121%—$243K5xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h93.208−0.201%$483K$2.7M20x
Bluefin HYPE-PERP+0.0100%1h93.275−0.130%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.258−0.148%$16.1M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.224−0.184%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.278−0.126%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.350−0.049%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.371−0.026%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.249−0.157%$394K$158K20xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.314−0.088%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.140−0.274%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.250−0.156%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.183−0.228%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.221−0.187%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.312−0.090%$16.8M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.327−0.074%$20.8M$29.5M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0436%1h93.348−0.051%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.269−0.136%$3.2M$6.2M20xas long as short