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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0347%/8h= +38.0% APRnext payment +$0.43 per $10,000 · paid last 24h +0.018%
Price spread now: StandX against Ondo Perps+0.173%7-day average +0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.122%+$12 on $10k
Price spread, last 7 days−0.019%−$2 · spread now +0.173%, 7d avg +0.003%
Together, before fees+0.104%+ Points / potential airdropOndo Perps: Active · StandX: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and StandX is 0.170% dearer against Ondo Perps than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.003%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps HYPE-USD.P93.440−0.0247get 0.0031% / 1h28m 28s$701K$939K10x
ShortStandX HYPE-USD93.6020.0100get 0.0013% / 1h28m 28s$677K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$72.91
Price spread: +0.173% → +0.003%
$17.01
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee StandX: 4 bp × 2 orders
−$8
Net
$76.93
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; StandX: live order book, just now. 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 StandX live order book, just now1.28 bp5.3 bp −$55.5 bp −$5512.5 bp −$1,253doesn'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
Hibachi HYPE/USDT-P−0.1024%1h93.496+0.060%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0276%1h93.540+0.107%$22K$22K10xas long as short
Ondo Perps HYPE-USD.Plong−0.0247%1h93.440long leg$701K$939K10x
Hotstuff HYPE-PERP−0.0080%1h93.541+0.108%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.560+0.128%$89K$349K20xas long as short
Bullet HYPE-USD−0.0038%1h93.523+0.089%$112K$583K20xas long as short
Derive HYPE-PERP−0.0007%1h93.475+0.037%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.563+0.132%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.578+0.147%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.571+0.140%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0018%4h93.538+0.105%$9.0M$35.8M300xas long as short
Gate HYPE_USDT+0.0024%4h93.539+0.106%$44.1M$56.6M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.527+0.093%$325.8M$287.0M75xas long as short
Orderly PERP_HYPE_USDC+0.0068%4h93.516+0.081%$175K$535K20xas long as short
Phoenix HYPE+0.0068%1h93.549+0.117%$216K$1.2M10xas long as short
Popdex HYPEUSDT+0.0072%1h93.535+0.102%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.600+0.171%$18.6M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.580+0.150%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.576+0.145%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.560+0.128%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.525+0.091%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.623+0.195%$2.04B$669.5M10xas long as short
Pacifica HYPE+0.0100%1h93.569+0.138%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.544+0.111%$385.9M$887.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.518+0.083%$114.9M$315.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.523+0.089%$1.2M$4.0M10xas long as short
MEXC HYPE_USDT+0.0100%4h93.534+0.101%$93.5M$82.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.569+0.138%$46.4M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.557+0.125%$227.3M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.535+0.102%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.551+0.119%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.541+0.108%$28.9M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.580+0.150%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.558+0.126%$406K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.602+0.173%$677K$2.4M20x
Vest HYPE-PERP+0.0100%1h93.573+0.142%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.571+0.140%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.530+0.096%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.558+0.126%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.513+0.078%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.546+0.113%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.556+0.125%$204K$12K10xas long as short
Extended HYPE-USD+0.0104%1h93.536+0.103%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.520+0.086%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0116%4h93.544+0.111%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0126%8h93.567+0.136%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0188%1h93.619+0.192%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.560+0.128%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.526+0.092%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.510+0.075%$30K$291K12xas long as short
HTX HYPE-USDT+0.0326%4h93.681+0.258%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0164%1h93.554+0.123%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.513+0.078%$17.0M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.609+0.180%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.631+0.204%$19.2M$26.0M50xas long as short