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 23:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.033%
Price spread now: Arcus against Ondo Perps+0.152%7-day average −0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.007%+$1 on $10k
Price spread, last 7 days+0.021%+$2 · spread now +0.152%, 7d avg −0.009%
Together, before fees+0.029%+ Points / potential airdropOndo Perps: Active · farm board+$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.161% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of −0.009%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps HYPE-USD.P93.150−0.0038get 0.0005% / 1h43m 23s$699K$924K10x
ShortArcus HYPE-USD93.292−0.0131pay 0.0016% / 1h43m 23s$1.2M$4.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Ondo Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$19.59
Price spread: +0.152% → −0.009%
$16.1
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$12.99
Costs to cover
0.095%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample—————
Sell Arcus live order book, 1 min ago0.75 bp3.3 bp −$37.7 bp −$7728.3 bp −$2,828doesn't fit
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aftermath Perps HYPEUSD−0.0355%1h93.211+0.066%$22K$22K10xas long as short
Arcus HYPE-USDshort−0.0131%1h93.292+0.152%$1.2M$4.0M10x
Hibachi HYPE/USDT-P−0.0112%1h93.291+0.152%$197K$230K7xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.339+0.203%$3K$33125xas long as short
Ondo Perps HYPE-USD.Plong−0.0038%1h93.150long leg$699K$924K10x
01 Exchange HYPEUSD−0.0008%1h93.375+0.242%$90K$362K20xas long as short
dYdX HYPE-USD0.0000%1h93.336+0.199%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.345+0.209%$57K$1.2M50xas long as short
Kalshi KXHYPEPERP0.0000%8h93.293+0.154%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.303+0.164%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.345+0.209%$20K—150xas long as short
Aster HYPEUSDT+0.0011%4h93.331+0.194%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0016%1h93.235+0.091%$16.3M$7.1M10xas long as short
Bybit HYPEUSDT+0.0031%8h93.300+0.161%$324.1M$286.8M75xas long as short
Phoenix HYPE+0.0034%1h93.278+0.137%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0037%4h93.316+0.178%$171K$519K20xas long as short
Gate HYPE_USDT+0.0070%4h93.325+0.188%$43.8M$57.7M75xas long as short
Bullet HYPE-USD+0.0082%1h93.301+0.162%$111K$578K20xas long as short
Lighter HYPE+0.0096%1h93.332+0.195%$18.5M$58.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.298+0.159%$3.1M$12.1M20xas long as short
Binance HYPEUSDT+0.0096%4h93.328+0.191%$383.5M$891.6M75xas long as short
MEXC HYPE_USDT+0.0098%4h93.344+0.208%$90.4M$81.6M100xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.342+0.206%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.320+0.183%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.344+0.209%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.359+0.224%$2.03B$672.1M10xas long as short
Pacifica HYPE+0.0100%1h93.324+0.187%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.308+0.170%$114.1M$314.2M50xas long as short
Bulk HYPE-USD+0.0100%1h92.884−0.286%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.331+0.194%$47.2M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.338+0.202%$226.3M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.310+0.172%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.294+0.155%$7.9M$11.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.236+0.092%$28.9M$50.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.228+0.084%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.375+0.242%$413K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.274+0.133%$675K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.337+0.200%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.364+0.230%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.311+0.173%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.309+0.171%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.265+0.123%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.270+0.129%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.319+0.181%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.271+0.130%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0107%4h93.311+0.172%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.390+0.258%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.300+0.161%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0246%1h93.317+0.179%$78K$158K15xas long as short
HTX HYPE-USDT+0.0276%4h93.368+0.234%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.399+0.268%$2.8M$6.8M20xas long as short
BloFin HYPE-USDT+0.0340%4h93.188+0.041%$16.9M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.341+0.205%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0350%1h93.366+0.232%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.394+0.262%$20.8M$28.7M50xas long as short