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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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.

Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.047%
Price spread now: Bluefin against Orderly+0.015%7-day average 0.000% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.073%+$7 on $10k
Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.015%, 7d avg 0.000%
Together, before fees+0.010%+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_HYPE_USDC93.5160.0068pay 0.0034% / 4h2h 28m$175K$535K20x
ShortBluefin HYPE-PERP93.5300.0100get 0.0013% / 1h28m 30s$76K$167K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Orderly. 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
$6.8
Price spread: +0.015% → 0.000%
$1.53
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$4.67
Costs to cover
0.130%
Break-even
11.8 days
Slippage unknown: Orderly: no order-book sample; Bluefin: live order book, 60 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 Orderly no order-book sample—————
Sell Bluefin live order book, 60 min ago5.45 bp20.6 bp −$21doesn't fitdoesn't fitdoesn't fit
Orderly: 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%1h93.496−0.022%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0276%1h93.540+0.025%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0247%1h93.440−0.081%$701K$939K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.541+0.027%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.560+0.047%$89K$349K20xas long as short
Bullet HYPE-USD−0.0038%1h93.523+0.007%$112K$583K20xas long as short
Derive HYPE-PERP−0.0007%1h93.475−0.044%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.563+0.051%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.578+0.066%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.571+0.058%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0018%4h93.538+0.024%$9.0M$35.8M300xas long as short
Gate HYPE_USDT+0.0024%4h93.539+0.025%$44.1M$56.6M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.527+0.012%$325.8M$287.0M75xas long as short
Orderly PERP_HYPE_USDClong+0.0068%4h93.516long leg$175K$535K20x
Phoenix HYPE+0.0068%1h93.549+0.035%$216K$1.2M10xas long as short
Popdex HYPEUSDT+0.0072%1h93.535+0.020%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.600+0.090%$18.6M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.580+0.068%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.576+0.064%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.560+0.047%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.525+0.010%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.623+0.114%$2.04B$669.5M10xas long as short
Pacifica HYPE+0.0100%1h93.569+0.057%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.544+0.030%$385.9M$887.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.518+0.002%$114.9M$315.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.523+0.007%$1.2M$4.0M10xas long as short
MEXC HYPE_USDT+0.0100%4h93.534+0.019%$93.5M$82.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.569+0.057%$46.4M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.557+0.044%$227.3M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.535+0.020%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.551+0.037%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.541+0.027%$28.9M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.580+0.069%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.558+0.045%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.602+0.092%$677K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.573+0.061%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.571+0.059%$494K$2.6M20xas long as short
Bluefin HYPE-PERPshort+0.0100%1h93.530+0.015%$76K$167K20x
SunX HYPE-USDT+0.0100%4h93.558+0.045%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.513−0.003%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.546+0.032%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.556+0.043%$204K$12K10xas long as short
Extended HYPE-USD+0.0104%1h93.536+0.022%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.520+0.004%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0116%4h93.544+0.030%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0126%8h93.567+0.055%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0188%1h93.619+0.110%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.560+0.047%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.526+0.010%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.510−0.006%$30K$291K12xas long as short
HTX HYPE-USDT+0.0326%4h93.681+0.176%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0164%1h93.554+0.041%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.513−0.003%$17.0M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.609+0.099%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.631+0.123%$19.2M$26.0M50xas long as short