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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 05:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h −0.005%
Price spread now: Polymarket Perps against Paradex+0.005%7-day average −0.019% · 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−$13as in the Price arb table
costs, in and out, $10k−$150.153% of the position
Long on ParadexShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.016%−$2 on $10k
Price spread, last 4 days (all we have)−0.338%−$34 · spread now +0.005%, 7d avg −0.019%
Together, before fees−0.354%+ Points / potential airdropParadex: Active · farm board−$35 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: Polymarket Perps is 0.025% dearer against Paradex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex HYPE-USD-PERP93.1050.0096pay 0.0096% / 8h3h 10m$339K$162K20x
ShortPolymarket Perps HYPE-USD93.1100.0100get 0.0013% / 1h10m 00s$488K$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$0.91
Price spread: +0.005% → −0.019%
$2.46
Slippage, 4 orders
−$3.28
Fee Paradex: 2 bp × 2 orders
−$4
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$11.92
Costs to cover
0.153%
Break-even
99.1 days
Slippage from Paradex: live order book, 44 min ago; Polymarket Perps: 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, 44 min ago1.18 bp3.2 bp −$38.8 bp −$88doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 4 min ago0.05 bp4.9 bp −$55.6 bp −$5610.9 bp −$1,091doesn'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−0.1808%1h93.008−0.104%$194K$231K7xas long as short
Aftermath Perps HYPEUSD−0.0321%1h93.058−0.051%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.058−0.051%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.071−0.037%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0051%4h93.047−0.063%$146K$671K20xas long as short
dYdX HYPE-USD0.0000%1h93.075−0.032%$128K$29K5xas long as short
Ondo Perps HYPE-USD.P0.0000%1h92.970−0.145%$700K$1.1M10xas long as short
Perpl HYPE0.0000%43m93.088−0.018%$22K$293K10xas long as short
Bullet HYPE-USD+0.0002%1h93.060−0.049%$111K$578K20xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.090−0.016%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0016%1h93.107+0.002%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h93.056−0.053%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0027%8h93.091−0.015%$317.5M$284.5M75xas long as short
Phemex HYPEUSDT+0.0030%8h93.045−0.065%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0036%4h93.095−0.011%$225.2M$98.8M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.081−0.026%$76K$1.1M50xas long as short
Gate HYPE_USDT+0.0054%4h93.084−0.023%$45.5M$54.9M75xas long as short
Paradex HYPE-USD-PERPlong+0.0096%8h93.105long leg$339K$162K20x
Lighter HYPE+0.0096%1h93.075−0.032%$16.0M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.095−0.011%$3.1M$11.6M20xas long as short
edgeX HYPEUSDC+0.0099%4h93.100−0.006%$4.9M$29.7M30xas long as short
Katana Perps HYPE-USD+0.0099%8h93.060−0.049%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.061−0.048%$6.8M$46.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.136+0.033%$2.03B$670.1M10xas long as short
Aster HYPEUSDT+0.0100%4h93.113+0.008%$8.7M$36.3M300xas long as short
Pacifica HYPE+0.0100%1h93.101−0.005%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h93.103−0.002%$373.7M$909.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.117+0.013%$114.0M$305.4M50xas long as short
Bulk HYPE-USD+0.0100%1h93.125+0.021%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.110+0.005%$91.5M$81.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.104−0.001%$46.1M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.107+0.002%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.098−0.008%$7.3M$11.0M20xas long as short
Variational Omni HYPE+0.0100%8h93.028−0.083%$28.6M$56.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.156+0.055%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.126+0.022%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.104−0.001%$665K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.133+0.030%—$243K5xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h93.110+0.005%$488K$2.7M20x
Bluefin HYPE-PERP+0.0100%1h93.068−0.040%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.054−0.055%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.120+0.016%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.065−0.043%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.209+0.111%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.084−0.023%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.056−0.053%$393K$164K20xas long as short
Kalshi KXHYPEPERP+0.0117%8h93.149+0.047%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.120+0.016%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.147+0.044%$20.7M$29.4M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.410+0.327%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h93.072−0.036%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h93.093−0.013%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.074−0.034%$16.8M$11.8M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0556%1h93.173+0.073%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.144+0.042%$3.2M$6.3M20xas long as short