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 00:00 UTC+0.0219%/8h= +24.0% APRnext payment +$1.10 per $10,000 · paid last 24h +0.078%
Price spread now: HTX against Orderly+0.175%7-day average +0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.225%+$22 on $10k
Price spread, last 3 days (all we have)−0.271%−$27 · spread now +0.175%, 7d avg +0.045%
Together, before fees−0.047%−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and HTX is 0.130% dearer against Orderly than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_HYPE_USDC93.0370.0027pay 0.0014% / 4h1h 31m$171K$519K20x
ShortHTX HYPE-USDT93.2000.0247get 0.0123% / 4h1h 31m$1.5M$7.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$46.09
Price spread: +0.175% → +0.045%
$13.04
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
$41.13
Costs to cover
0.180%
Break-even
0.8 days
Slippage unknown: Orderly: no order-book sample; HTX: live order book, 3 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 HTX live order book, 3 min ago1.93 bp11.3 bp −$1115.0 bp −$15048.9 bp −$4,886doesn'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
Aftermath Perps HYPEUSD−0.0392%1h93.095+0.062%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0240%1h93.053+0.017%$196K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h92.986−0.055%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0125%1h92.950−0.094%$698K$924K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.046+0.010%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.033−0.004%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0016%1h93.026−0.012%$57K$1.2M50xas long as short
Aster HYPEUSDT−0.0003%4h93.018−0.020%$8.8M$36.0M300xas long as short
dYdX HYPE-USD0.0000%1h93.124+0.093%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.063+0.028%$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%1h93.044+0.007%$20K—150xas long as short
Bybit HYPEUSDT+0.0024%8h93.010−0.029%$322.9M$287.1M75xas long as short
Orderly PERP_HYPE_USDClong+0.0027%4h93.037long leg$171K$519K20x
Bullet HYPE-USD+0.0028%1h93.009−0.030%$111K$579K20xas long as short
Derive HYPE-PERP+0.0028%1h93.004−0.035%$16.2M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.118+0.087%$214K$1.2M10xas long as short
Gate HYPE_USDT+0.0040%4h93.019−0.019%$43.9M$58.2M75xas long as short
Binance HYPEUSDT+0.0073%4h93.027−0.011%$382.2M$894.3M75xas long as short
MEXC HYPE_USDT+0.0076%4h93.025−0.013%$89.9M$81.9M100xas long as short
edgeX HYPEUSDC+0.0086%4h93.085+0.052%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.074+0.040%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.061+0.026%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.038+0.002%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.050+0.014%$34K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.025−0.012%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.049+0.013%$2.02B$670.7M10xas long as short
Pacifica HYPE+0.0100%1h93.042+0.005%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.004−0.035%$113.7M$313.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.379%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.058+0.023%$47.0M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.023−0.015%$225.4M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.001−0.039%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.049+0.013%$7.8M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.034−0.003%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.144+0.115%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.095+0.062%$412K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.031−0.006%$673K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.044+0.008%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.023−0.015%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.106+0.074%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.038+0.001%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.064+0.029%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.058+0.022%—$454K5xas long as short
Extended HYPE-USD+0.0104%1h92.998−0.041%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.023−0.015%$396K$318K20xas long as short
Kalshi KXHYPEPERP+0.0107%8h93.131+0.101%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.080+0.046%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.070+0.035%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h92.999−0.041%$77K$158K15xas long as short
HTX HYPE-USDTshort+0.0247%4h93.200+0.175%$1.5M$7.7M75x
RISEx HYPE/USDC+0.0280%1h93.081+0.047%$2.7M$6.8M20xas long as short
BloFin HYPE-USDT+0.0308%4h93.074+0.040%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h93.040+0.004%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0416%1h93.148+0.119%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.170+0.143%$20.8M$28.9M50xas long as short