Settings8H · net · $10k
Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.003%
Price spread now: GRVT against Paradex+0.315%51s7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$390.395% of the position
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)−0.428%−$43 · spread now +0.315%, 7d avg 0.000%
Together, before fees−0.429%+ Points / potential airdropParadex: Active · GRVT: Active · farm board−$43 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: GRVT is 0.315% dearer against Paradex than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex HYPE-USD-PERP92.5070.0092pay 0.0092% / 8h4h 50m$338K$162K20x
ShortGRVT HYPE_USDT_Perp92.7990.0100get 0.0050% / 4h50m 10s$7.5M$45.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
$1.65
Price spread: +0.315% → 0.000%
$31.53
Slippage, 4 orders
−$26.47
Fee Paradex: 2 bp × 2 orders
−$4
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$6.28
Costs to cover
0.395%
Break-even
33.6 days
Slippage from Paradex: live order book, 9 min ago; GRVT: live order book, 4 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, 9 min ago12.88 bp14.9 bp −$15149.0 bp −$1,490doesn't fitdoesn't fit
Sell GRVT live order book, 4 min ago0.05 bp4.6 bp −$55.8 bp −$58doesn'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
Arcus HYPE-USD−0.0948%1h92.287−0.238%$1.2M$3.8M10xas long as short
Hibachi HYPE/USDT-P−0.0728%1h92.519+0.012%$194K$227K7xas long as short
Aftermath Perps HYPEUSD−0.0112%1h92.647+0.151%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0104%1h92.387−0.130%$85K$352K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.501−0.007%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0067%4h92.385−0.132%$157K$663K20xas long as short
Bullet HYPE-USD−0.0053%1h92.394−0.122%$110K$579K20xas long as short
Ondo Perps HYPE-USD.P−0.0047%1h92.360−0.159%$699K$1.1M10xas long as short
Aster HYPEUSDT−0.0005%4h92.415−0.100%$8.7M$36.2M300xas long as short
dYdX HYPE-USD0.0000%1h92.417−0.097%$127K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m92.413−0.102%$23K$309K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.436−0.077%$61K150xas long as short
Derive HYPE-PERP+0.0020%1h92.367−0.151%$16.0M$7.5M10xas long as short
BingX HYPE-USDT+0.0032%4h92.405−0.110%$53.2Mas long as short
Phemex HYPEUSDT+0.0038%8h92.433−0.080%$12.5M$2.7M50xas long as short
Bybit HYPEUSDT+0.0038%8h92.390−0.127%$317.1M$279.2M75xas long as short
Phoenix HYPE+0.0043%1h92.855+0.376%$211K$1.2M10xas long as short
Gate HYPE_USDT+0.0050%4h92.404−0.112%$44.4M$54.5M75xas long as short
Popdex HYPEUSDT+0.0072%1h92.395−0.121%$67K$1.2M50xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h92.387−0.130%$112.9M$300.6M50xas long as short
MEXC HYPE_USDT+0.0078%4h92.394−0.122%$87.5M$80.2M100xas long as short
Binance HYPEUSDT+0.0079%4h92.398−0.118%$371.5M$893.0M75xas long as short
Paradex HYPE-USD-PERPlong+0.0092%8h92.507long leg$338K$162K20x
Lighter HYPE+0.0096%1h92.411−0.104%$16.0M$62.0M20xas long as short
Lighter RH HYPE+0.0096%1h92.410−0.105%$3.1M$11.6M20xas long as short
Katana Perps HYPE-USD+0.0100%8h92.370−0.148%$13K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h92.400−0.116%$5.8M$43.1M10xas long as short
Hyperliquid HYPE+0.0100%1h92.452−0.059%$2.01B$658.6M10xas long as short
Pacifica HYPE+0.0100%1h92.441−0.072%$10.0M$14.9M20xas long as short
Bulk HYPE-USD+0.0100%1h92.800+0.317%$202K$13K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.414−0.101%$45.8M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.403−0.113%$223.6M$97.5M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.435−0.078%$7.4M$10.0M20xas long as short
Variational Omni HYPE+0.0100%8h92.469−0.041%$28.5M$57.1Mas long as short
GRVT HYPE_USDT_Perpshort+0.0100%4h92.799+0.315%$7.5M$45.8M10x
ApeX Omni HYPEUSDT+0.0100%1h92.847+0.367%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.569+0.067%$664K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h92.481−0.029%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.438−0.075%$467K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h92.463−0.048%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.406−0.109%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.600+0.100%$1.4M$6.2M75xas long as short
edgeX HYPEUSDC+0.0103%4h92.776+0.290%$5.1M$29.2M30xas long as short
Extended HYPE-USD+0.0104%1h92.372−0.146%$18.1M$43.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.434−0.079%$391K$164K20xas long as short
Injective HYPE/USDC PERP+0.0150%1h92.430−0.083%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.480−0.029%$4.7M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0260%1h92.391−0.125%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0262%8h92.513+0.006%$1.8M$5.4M2.3xas long as short
BloFin HYPE-USDT+0.0317%4h92.544+0.040%$16.8M$11.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0329% / S −0.0153%1h92.424−0.089%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0333%1h92.439−0.074%$20.5M$30.4M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0464%1h92.500−0.008%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0687%1h92.479−0.030%$3.1M$6.4M20xas long as short
Bluefin HYPE-PERP+0.1078%1h92.386−0.131%$78K$169K20xas long as short