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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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Funding you earn now, next payment 23:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.003%
Price spread now: Paradex against Pacifica+0.019%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Long on PacificaShort on Paradex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.019%, 7d avg −0.002%
Together, before fees−0.044%+ Points / potential airdropPacifica: Active · Paradex: Active · farm board−$4 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: Paradex is 0.021% dearer against Pacifica than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica HYPE93.3240.0100pay 0.0013% / 1h43m 20s$10.0M$14.3M20x
ShortParadex HYPE-USD-PERP93.3420.0099get 0.0099% / 8h1h 43m$339K$170K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$0.25
Price spread: +0.019% → −0.002%
$2.07
Slippage, 4 orders
−$34.93
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$45.11
Costs to cover
0.469%
Break-even
never at this rate
Slippage from Pacifica: live order book, 1 min ago; Paradex: live order book, 41 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, 1 min ago0.21 bp4.5 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell Paradex live order book, 41 min ago16.62 bp18.6 bp −$1921.0 bp −$210doesn't fitdoesn'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−0.0355%1h93.211−0.121%$22K$22K10xas long as short
Arcus HYPE-USD−0.0131%1h93.292−0.034%$1.2M$4.0M10xas long as short
Hibachi HYPE/USDT-P−0.0112%1h93.291−0.035%$197K$230K7xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.339+0.016%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0038%1h93.150−0.187%$699K$924K10xas long as short
01 Exchange HYPEUSD−0.0008%1h93.375+0.055%$90K$362K20xas long as short
dYdX HYPE-USD0.0000%1h93.336+0.013%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.345+0.022%$57K$1.2M50xas long as short
Kalshi KXHYPEPERP0.0000%8h93.293−0.033%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.303−0.023%$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%1h93.345+0.022%$20K—150xas long as short
Aster HYPEUSDT+0.0011%4h93.331+0.007%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0016%1h93.235−0.096%$16.3M$7.1M10xas long as short
Bybit HYPEUSDT+0.0031%8h93.300−0.026%$324.1M$286.8M75xas long as short
Phoenix HYPE+0.0034%1h93.278−0.049%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0037%4h93.316−0.009%$171K$519K20xas long as short
Gate HYPE_USDT+0.0070%4h93.325+0.001%$43.8M$57.7M75xas long as short
Bullet HYPE-USD+0.0082%1h93.301−0.025%$111K$578K20xas long as short
Lighter HYPE+0.0096%1h93.332+0.008%$18.5M$58.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.298−0.028%$3.1M$12.1M20xas long as short
Binance HYPEUSDT+0.0096%4h93.328+0.004%$383.5M$891.6M75xas long as short
MEXC HYPE_USDT+0.0098%4h93.344+0.021%$90.4M$81.6M100xas long as short
Paradex HYPE-USD-PERPshort+0.0099%8h93.342+0.019%$339K$170K20x
Katana Perps HYPE-USD+0.0100%8h93.320−0.004%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.344+0.022%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.359+0.037%$2.03B$672.1M10xas long as short
Pacifica HYPElong+0.0100%1h93.324long leg$10.0M$14.3M20x
OKX HYPE-USDT-SWAP+0.0100%8h93.308−0.017%$114.1M$314.2M50xas long as short
Bulk HYPE-USD+0.0100%1h92.884−0.471%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.331+0.007%$47.2M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.338+0.015%$226.3M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.310−0.015%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.294−0.032%$7.9M$11.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.236−0.094%$28.9M$50.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.228−0.103%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.375+0.055%$413K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.274−0.054%$675K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.337+0.013%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.364+0.043%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.311−0.014%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.309−0.016%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.265−0.063%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.270−0.058%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.319−0.005%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.271−0.056%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0107%4h93.311−0.014%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.390+0.071%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.300−0.026%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0246%1h93.317−0.007%$78K$158K15xas long as short
HTX HYPE-USDT+0.0276%4h93.368+0.047%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.399+0.081%$2.8M$6.8M20xas long as short
BloFin HYPE-USDT+0.0340%4h93.188−0.146%$16.9M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.341+0.018%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0350%1h93.366+0.045%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.394+0.075%$20.8M$28.7M50xas long as short