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 05:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h +0.048%
Price spread now: Polymarket Perps against Orderly+0.038%7-day average +0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.122%+$12 on $10k
Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.038%, 7d avg +0.006%
Together, before fees+0.127%+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Polymarket Perps is 0.032% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_HYPE_USDC93.023−0.0053get 0.0027% / 4h3h 12m$146K$674K20x
ShortPolymarket Perps HYPE-USD93.0580.0100get 0.0013% / 1h12m 09s$488K$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$32.16
Price spread: +0.038% → +0.006%
$3.18
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$21.34
Costs to cover
0.140%
Break-even
2.4 days
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 2 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 Polymarket Perps live order book, 2 min ago0.05 bp4.9 bp −$55.6 bp −$5610.9 bp −$1,091doesn'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−0.1800%1h93.146+0.132%$194K$231K7xas long as short
Aftermath Perps HYPEUSD−0.0310%1h93.0230.000%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.014−0.010%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.086+0.068%$3K$33125xas long as short
Orderly PERP_HYPE_USDClong−0.0053%4h93.023long leg$146K$674K20x
dYdX HYPE-USD0.0000%1h93.075+0.056%$128K$29K5xas long as short
Ondo Perps HYPE-USD.P0.0000%1h92.980−0.046%$701K$1.1M10xas long as short
Perpl HYPE0.0000%43m93.065+0.045%$22K$293K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.055+0.034%$62K—150xas long as short
Bullet HYPE-USD+0.0012%1h93.017−0.006%$111K$578K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0024%1h93.058+0.038%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h93.056+0.035%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0027%8h93.030+0.008%$317.4M$284.3M75xas long as short
Phemex HYPEUSDT+0.0029%8h93.021−0.002%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0038%4h93.046+0.025%$225.1M$98.8M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.031+0.009%$76K$1.1M50xas long as short
Gate HYPE_USDT+0.0054%4h93.042+0.020%$45.4M$54.7M75xas long as short
edgeX HYPEUSDC+0.0094%4h93.059+0.038%$4.9M$29.8M30xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.063+0.043%$339K$163K20xas long as short
Lighter HYPE+0.0096%1h93.051+0.031%$16.0M$62.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.056+0.035%$3.1M$11.6M20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.020−0.003%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.065+0.046%$6.8M$46.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.100+0.083%$2.03B$669.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.046+0.025%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.052+0.031%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h93.030+0.008%$373.4M$910.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.035+0.013%$113.9M$305.2M50xas long as short
Bulk HYPE-USD+0.0100%1h93.125+0.110%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.032+0.010%$91.4M$81.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.029+0.006%$46.1M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.045+0.024%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.070+0.051%$7.3M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h92.999−0.026%$28.6M$56.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.078+0.059%$7.5M$46.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.266+0.261%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.057+0.037%$665K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.103+0.086%—$243K5xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h93.058+0.038%$488K$2.7M20x
Bluefin HYPE-PERP+0.0100%1h93.046+0.025%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.024+0.001%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.094+0.076%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.037+0.015%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.167+0.155%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.010−0.014%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.036+0.014%$393K$164K20xas long as short
Kalshi KXHYPEPERP+0.0126%8h93.097+0.080%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.220+0.212%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.120+0.105%$20.7M$29.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.410+0.416%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h93.019−0.005%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h93.053+0.033%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.113+0.097%$16.8M$11.8M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0491%1h93.135+0.120%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.100+0.083%$3.2M$6.3M20xas long as short