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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Funding you earn now, next payment 22:00 UTC−0.0133%/8h= −14.5% APRpaid last 24h −0.009%
Price spread now: Bullet against Paradex+0.004%7-day average +0.007% · 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−$23as in the Price arb table
costs, in and out, $10k−$230.229% of the position
Long on ParadexShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.008%−$1 on $10k
Price spread, last 3 days (all we have)+0.360%+$36 · spread now +0.004%, 7d avg +0.007%
Together, before fees+0.352%+ Points / potential airdropParadex: Active · farm board+$35 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex HYPE-USD-PERP93.5040.0100pay 0.0100% / 8h2h 29m$340K$170K20x
ShortBullet HYPE-USD93.508−0.0033pay 0.0004% / 1h29m 08s$112K$583K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Paradex. 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
−$27.83
Price spread: +0.004% → +0.007%
−$0.22
Slippage, 4 orders
−$10.9
Fee Paradex: 2 bp × 2 orders
−$4
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$50.95
Costs to cover
0.229%
Break-even
never at this rate
Slippage from Paradex: live order book, 60 min ago; Bullet: live order book, 60 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 Paradex live order book, 60 min ago2.46 bp4.5 bp −$411.1 bp −$111doesn't fitdoesn't fit
Sell Bullet live order book, 60 min ago0.54 bp6.3 bp −$611.0 bp −$110doesn'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
Hibachi HYPE/USDT-P−0.1064%1h93.496−0.009%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0276%1h93.537+0.035%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0248%1h93.440−0.069%$701K$939K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.562+0.062%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.547+0.046%$89K$347K20xas long as short
Bullet HYPE-USDshort−0.0033%1h93.508+0.004%$112K$583K20x
Derive HYPE-PERP−0.0007%1h93.475−0.032%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.563+0.063%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.480−0.026%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.552+0.051%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0018%4h93.516+0.013%$8.9M$35.8M300xas long as short
Gate HYPE_USDT+0.0024%4h93.513+0.009%$44.1M$56.6M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.510+0.006%$325.7M$287.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0068%4h93.516+0.012%$175K$535K20xas long as short
Phoenix HYPE+0.0068%1h93.549+0.048%$216K$1.2M10xas long as short
Popdex HYPEUSDT+0.0072%1h93.513+0.009%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.569+0.069%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.549+0.048%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERPlong+0.0100%8h93.504long leg$340K$170K20x
Katana Perps HYPE-USD+0.0100%8h93.550+0.049%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.513+0.009%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.607+0.110%$2.04B$669.5M10xas long as short
Pacifica HYPE+0.0100%1h93.513+0.009%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.515+0.012%$385.8M$887.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.500−0.005%$114.8M$315.1M50xas long as short
Arcus HYPE-USD+0.0100%1h93.485−0.021%$1.2M$4.0M10xas long as short
MEXC HYPE_USDT+0.0100%4h93.510+0.006%$93.5M$82.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.530+0.027%$46.4M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.541+0.039%$227.2M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.508+0.004%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.551+0.050%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.541+0.039%$28.9M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.580+0.081%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.558+0.057%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.602+0.104%$677K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.555+0.055%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.545+0.043%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.530+0.027%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.558+0.057%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.513+0.009%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.546+0.045%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.556+0.056%$204K$12K10xas long as short
Extended HYPE-USD+0.0104%1h93.502−0.003%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.520+0.017%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0116%4h93.544+0.042%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0126%8h93.567+0.067%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0188%1h93.619+0.123%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.560+0.060%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.512+0.008%$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+0.189%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0164%1h93.554+0.054%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.513+0.009%$17.0M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.581+0.082%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.631+0.135%$19.2M$26.0M50xas long as short