HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0212%/8h= −23.2% APRnext payment −$0.26 per $10,000 · paid last 24h −0.099%

Price spread now: Arcus against Polymarket Perps−0.090%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$12.3Kas in the Price arb table

costs, in and out, $10k−$12.3K123.082% of the position

Long on Polymarket Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.111%−$11 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.090%, 7d avg +0.023%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Arcus is 0.113% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps HYPE-USD	94.529	0.0100	pay 0.0013% / 1h	39m 52s	$499K	$2.8M	20x
Short	Arcus HYPE-USD	94.444	−0.0112	pay 0.0014% / 1h	39m 52s	$1.0M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Polymarket Perps. 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee ArcusbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$44.5
Price spread: −0.090% → +0.023%: −$11.29
Slippage, 4 orders: −$12,295.68
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$12,363.97
Costs to cover: 123.082%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Arcus: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 4 min ago	218.12 bp	10900.3 bp −$10.9K	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	0.53 bp	3.2 bp −$3	8.4 bp −$84	27.0 bp −$2,700	doesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1056%	1h	94.507	−0.023%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0641%	1h	94.493	−0.038%	$80K	$149K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0308%	1h	94.754	+0.238%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0198%	1h	94.450	−0.084%	$112K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0143%	1h	94.450	−0.084%	$704K	$1.3M	10x	as long as short
Arcus HYPE-USDshort	−0.0112%	1h	94.444	−0.090%	$1.0M	$3.5M	10x
Gate HYPE_USDT	−0.0094%	4h	94.528	−0.001%	$51.0M	$54.5M	75x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	94.452	−0.081%	$89K	$366K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.556	+0.029%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.523	−0.006%	$19.0M	$35.3M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0007%	4h	94.500	−0.031%	$147K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.565	+0.038%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.572	+0.045%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.454	−0.080%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.530	+0.001%	$95K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.747	+0.231%	$210K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.500	−0.031%	$4.7M	$6.4M	50x	as long as short
Bitget HYPEUSDT	+0.0020%	4h	94.566	+0.039%	$227.1M	$99.7M	75x	as long as short
Bybit HYPEUSDT	+0.0029%	8h	94.550	+0.022%	$318.2M	$295.9M	75x	as long as short
Derive HYPE-PERP	+0.0045%	1h	94.501	−0.030%	$16.3M	$7.5M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0050%	8h	94.470	−0.062%	$337K	$154K	20x	as long as short
Vest HYPE-PERP	+0.0050%	1h	94.555	+0.027%	—	$190K	5x	as long as short
OKX HYPE-USDT-SWAP	+0.0057%	8h	94.545	+0.017%	$117.8M	$329.3M	50x	as long as short
Phemex HYPEUSDT	+0.0057%	8h	94.503	−0.028%	$12.9M	$2.9M	50x	as long as short
SoDEX HYPE-USD	+0.0066%	1h	94.535	+0.006%	$2.1M	$2.0M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.536	+0.007%	$16.2M	$62.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.530	+0.001%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.437	−0.097%	$147K	$1.3M	50x	as long as short
edgeX HYPEUSDC	+0.0096%	4h	94.889	+0.381%	$5.0M	$30.9M	30x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.450	−0.084%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.455	−0.078%	$7.3M	$52.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.664	+0.143%	$2.08B	$685.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.545	+0.017%	$9.7M	$37.6M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.505	−0.025%	$10.2M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.568	+0.041%	$380.8M	$939.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.690	+0.170%	$221K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.559	+0.032%	$93.8M	$85.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.532	+0.003%	$47.1M	$19.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.544	+0.016%	—	$53.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.489	−0.042%	$7.6M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.549	+0.022%	$30.0M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.786	+0.272%	$7.7M	$44.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.884	+0.376%	$346K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.728	+0.211%	$694K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USDlong	+0.0100%	1h	94.529	long leg	$499K	$2.8M	20x
SunX HYPE-USDT	+0.0100%	4h	94.573	+0.047%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.600	+0.075%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.520	−0.009%	$18.5M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.489	−0.042%	$399K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.618	+0.095%	$3.1M	$6.4M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0152%	1h	94.590	+0.065%	$7.5M	$4.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	94.580	+0.054%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.406	−0.131%	$85K	$117K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0326% / S −0.0152%	1h	94.720	+0.202%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.492	−0.039%	$17.2M	$12.7M	75x	as long as short