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 01:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.19 per $10,000 · paid last 24h +0.018%
Price spread now: RISEx against Phoenix+0.034%7-day average −0.105% · 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−$4as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Long on PhoenixShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.004%$0 on $10k
Price spread, last 7 days−0.129%−$13 · spread now +0.034%, 7d avg −0.105%
Together, before fees−0.125%−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.140% dearer against Phoenix than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.105%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix HYPE93.9040.0060pay 0.0007% / 1h25m 21s$213K$1.2M10x
ShortRISEx HYPE/USDC93.9360.0210get 0.0026% / 1h25m 21s$3.2M$7.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Phoenix. 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
$31.42
Price spread: +0.034% → −0.105%
$13.96
Slippage, 4 orders
−$5.15
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee RISEx: 3 bp × 2 orders
−$6
Net
$27.23
Costs to cover
0.181%
Break-even
0.9 days
Slippage from Phoenix: live order book, 3 min ago; RISEx: 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 Phoenix live order book, 3 min ago0.05 bp4.4 bp −$410.6 bp −$106doesn't fitdoesn't fit
Sell RISEx live order book, 4 min ago0.16 bp3.2 bp −$34.0 bp −$40doesn't fitdoesn't fit

HYPE on 54 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−0.0968%1h93.788−0.124%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.740−0.175%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0135%1h93.774−0.138%$22K$21K10xas long as short
Phemex HYPEUSDT−0.0129%8h93.855−0.052%$12.7M$2.7M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.874−0.032%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0077%1h93.860−0.047%$703K$929K10xas long as short
Orderly PERP_HYPE_USDC−0.0057%4h93.891−0.014%$157K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.884−0.021%$85K$350K20xas long as short
Backpack HYPE_USDC_PERP−0.0042%1h93.896−0.009%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0028%4h93.911+0.007%$44.5M$55.0M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0002%4h93.9040.000%—$53.7M—as long as short
Aster HYPEUSDT−0.0001%4h93.906+0.002%$8.9M$35.9M300xas long as short
dYdX HYPE-USD0.0000%1h93.860−0.047%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.907+0.003%$22K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.927+0.024%$26K—150xas long as short
Bybit HYPEUSDT+0.0005%8h93.900−0.004%$322.5M$281.2M75xas long as short
Phoenix HYPElong+0.0060%1h93.904long leg$213K$1.2M10x
MEXC HYPE_USDT+0.0066%4h93.893−0.012%$87.9M$82.9M100xas long as short
Binance HYPEUSDT+0.0068%4h93.914+0.011%$382.3M$893.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0069%8h93.915+0.012%$115.4M$308.9M50xas long as short
Bullet HYPE-USD+0.0074%1h93.914+0.010%$112K$578K20xas long as short
edgeX HYPEUSDC+0.0079%4h93.907+0.003%$5.1M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.905+0.001%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.933+0.031%$16.4M$62.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.852−0.055%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.866−0.040%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.922+0.019%$400K$177K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.860−0.047%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.820−0.089%$5.7M$45.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.969+0.069%$2.05B$672.8M10xas long as short
Pacifica HYPE+0.0100%1h93.889−0.016%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.890−0.015%$46.5M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.926+0.023%$227.6M$98.6M75xas long as short
Variational Omni HYPE+0.0100%8h93.910+0.006%$31.1M$54.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.889−0.016%$7.6M$47.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.834−0.075%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.920+0.017%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.922+0.019%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.921+0.018%$474K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.898−0.006%$80K$172K20xas long as short
Derive HYPE-PERP+0.0100%1h93.891−0.014%$16.3M$7.7M10xas long as short
SunX HYPE-USDT+0.0100%4h93.949+0.048%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.9040.000%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.880−0.026%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.890−0.015%$18.3M$44.3M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.960+0.060%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.760−0.153%$30K$339K12xas long as short
RISEx HYPE/USDCshort+0.0210%1h93.936+0.034%$3.2M$7.0M20x
HTX HYPE-USDT+0.0212%4h94.019+0.122%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0255%1h93.886−0.019%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0274%8h93.918+0.015%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.922+0.019%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0495%1h94.008+0.111%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0678%1h94.001+0.103%$21.0M$29.8M50xas long as short