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Funding arb · Price arb /

HYPE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Aevo against Pacifica+0.047%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$400.396% of the position
Long on PacificaShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days+0.107%+$11 on $10k
Price spread, last 3 days (all we have)−0.178%−$18 · spread now +0.047%, 7d avg −0.017%
Together, before fees−0.071%+ Points / potential airdropPacifica: Active · farm board−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.064% dearer against Pacifica than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica HYPE93.1760.0100pay 0.0013% / 1h54m 55s$10.0M$14.4M20x
ShortAevo HYPE-PERP93.2200.0104get 0.0013% / 1h54m 55s$397K$318K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Pacifica. 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
$0.84
Price spread: +0.047% → −0.017%
$6.37
Slippage, 4 orders
−$15.59
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$32.38
Costs to cover
0.396%
Break-even
276.8 days
Slippage from Pacifica: live order book, 4 min ago; Aevo: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 4 min ago0.05 bp4.9 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell Aevo live order book, 29 min ago4.37 bp13.2 bp −$1317.1 bp −$17122.6 bp −$2,259doesn't fit

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−0.0289%1h93.231+0.059%$22K$22K10xas long as short
Arcus HYPE-USD−0.0131%1h93.127−0.052%$1.2M$4.1M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.167−0.009%$3K$33125xas long as short
Hibachi HYPE/USDT-P−0.0024%1h93.101−0.080%$197K$231K7xas long as short
Derive HYPE-PERP−0.0017%1h93.155−0.023%$16.3M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.124−0.055%$127K$32K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.270+0.101%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.270+0.101%$23K$334K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.263+0.094%$20K—150xas long as short
Aster HYPEUSDT+0.0005%4h93.210+0.037%$8.9M$35.8M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0008%1h93.264+0.095%$90K$361K20xas long as short
Bybit HYPEUSDT+0.0029%8h93.240+0.069%$324.6M$286.7M75xas long as short
Popdex HYPEUSDT+0.0032%1h93.230+0.058%$57K$1.2M50xas long as short
Gate HYPE_USDT+0.0042%4h93.230+0.058%$44.1M$56.7M75xas long as short
Orderly PERP_HYPE_USDC+0.0046%4h93.232+0.060%$165K$515K20xas long as short
Phoenix HYPE+0.0068%1h93.222+0.050%$216K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0086%1h93.030−0.156%$699K$930K10xas long as short
Vest HYPE-PERP+0.0095%1h93.250+0.080%—$454K5xas long as short
Lighter HYPE+0.0096%1h93.270+0.101%$18.6M$58.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.247+0.077%$3.0M$12.0M20xas long as short
ApeX Omni HYPEUSDT+0.0096%1h93.051−0.134%$404K$1.0M50xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.161−0.016%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.170−0.006%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.204+0.031%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.265+0.096%$2.03B$674.8M10xas long as short
Pacifica HYPElong+0.0100%1h93.176long leg$10.0M$14.4M20x
Binance HYPEUSDT+0.0100%4h93.234+0.063%$384.4M$891.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.204+0.030%$114.5M$314.9M50xas long as short
Bulk HYPE-USD+0.0100%1h93.271+0.103%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.222+0.050%$91.3M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.228+0.056%$47.1M$19.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.227+0.055%$226.2M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.244+0.073%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.262+0.093%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.107−0.074%$29.0M$50.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.072−0.111%$7.5M$44.8M10xas long as short
StandX HYPE-USD+0.0100%1h93.082−0.101%$673K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.270+0.101%$493K$2.6M20xas long as short
Bullet HYPE-USD+0.0100%1h93.228+0.057%$112K$580K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.241+0.070%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.264+0.095%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.226+0.054%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.230+0.058%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.189+0.015%$18.3M$41.8M50xas long as short
Aevo HYPE-PERPshort+0.0104%1h93.220+0.047%$397K$318K20x
edgeX HYPEUSDC+0.0112%4h93.244+0.073%$5.1M$29.3M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.270+0.101%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.910+0.788%$31K$338K12xas long as short
Reya HYPERUSDPERP+0.0246%1h93.272+0.103%$78K$158K15xas long as short
RISEx HYPE/USDC+0.0280%1h93.229+0.057%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0297%1h93.323+0.158%$7.4M$4.6M50xas long as short
HTX HYPE-USDT+0.0301%4h93.400+0.241%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0165%1h93.251+0.081%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.216+0.043%$17.0M$12.5M75xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.356+0.194%$20.8M$28.3M50xas long as short