Settings8H · net · $10k
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Funding arb · Price arb / Crypto

HYPE

All HYPE markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKX SpotHYPE-USDT
79.831spotno funding——$39.3M1xBuy OKX Spot
SHORT
OKXHYPE-USDT-SWAP
79.813−0.0013pay 0.0013% / 8h7h 46m$122.8M$284.7M50xShort OKX
Price gap−0.022%
Funding gap−0.0013% /8h

Funding costs $0 a day on $10k at the current rate: the perp's short pays now. A spot + perp pair earns only while the short is paid.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$14−0.0013% /8h now · paid +0.142% over the last 7D
Price+$1spread −0.022% now, avg −0.029% → +0.007% if it goes back
Costs−$370.371% of $10k · taker + slippage, in and out
Result−$22−0.22%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.022%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HYPE on 54 exchanges

lowest funding first

Before you open

2 ok · 1 to watch
  • OK: Fits both order books11.6 / 6.1 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Spot in full, margin on the short$10,000 + $200
    The spot leg is bought with the whole $10k; OKX runs at up to 50x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on OKX.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; OKX settles every 8h.
    Next 24h at the current rates, on $10k a leg: −$0.39Long OKX Spot: 0 payments, $0.00; short OKX: 3 payments, −$0.39.
  • Note: Gap at its usual level−0.022% vs −0.029%
    The price leg adds little either way.
  • Note: Spot has no open interest$122.8M OI
    Only OKX reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCOKX Spot Yes · OKX Yes
    Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0068%/8h × 21 periods+$14.18
Price spread−0.022% → −0.029% (7d avg)+$0.69
Slippage, 4 orderslive order books−$7.06
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$22.20
Costs to cover0.371%Break-even18.0 days
Slippage: OKX Spot: live order book, 15 min ago; OKX: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX Spot0.0611.6 bp−$1224.0 bp−$240doesn’t fitdoesn’t fit
SELL · SHORTOKX0.066.1 bp−$611.1 bp−$11126.2 bp−$2,623doesn’t fit

Closing costs about the same again.

Alert

HYPE news

posts that mention HYPE, from every exchange
11-05 02:42DeriveOtherETH Options took the top spot on Derive in the last 24h $227.8M+ notional traded 🔷 ETH $106.7M (47%) 🟠 BTC $95.8M (42%) 🟢 HYPE $14.8M (6%) ⚪ Others $10.5M (5%) @DeriveXYZ on X ↗
11-04 18:52PhoenixProductTailwind Rewards are now live on Phoenix. Phoenix now pays back 10% of the funding you pay on BTC, ETH, SOL and HYPE, claimable daily in the Rewards Hub. Hold your view for less. @PhoenixTrade on X ↗
11-04 13:43ParagonOtherWe’re bringing Power Perps to Hyperliquid, starting with HYPE². If HYPE doubles, the HYPE² index quadruples. Options-like payoffs. No strikes. No expiry. Power Perps bring options flow to Hyperliquid by pooling demand for convexity in one order book. This work builds on “Power Perpetuals” by @danrobinson, @_Dave__White_, @andrewjleone and their coauthors. @tradeparagon on X ↗
11-04 00:30ParadexOtherBitcoin, Ether, Solana, HYPE, Zcash. Same expiry. The options market does not price them the same. Trade crypto options on Paradex, 0 fees: @paradex on X ↗
11-03 18:30Kraken FuturesOtherMore ways to put your HYPE to work. kHYPE lets you keep your $HYPE in Kraken custody and use it onchain. And thanks to @nadoHQ, you can now use it as collateral. Congrats to the Nado team 🤝 @HyperliquidX @krakenfx on X ↗
11-03 16:43NadoListingNew collateral & spot listing is live. You can now use $kHYPE (Kraken wrapped HYPE) as collateral to trade perps, spot and borrow on Nado. @nadoHQ on X ↗