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 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: Bluefin against Polymarket Perps+0.120%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$430.427% of the position
Long on Polymarket PerpsShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.068%−$7 on $10k
Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.120%, 7d avg −0.007%
Together, before fees−0.246%−$25 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: Bluefin is 0.127% dearer against Polymarket Perps than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps HYPE-USD94.0460.0100pay 0.0013% / 1h17m 44s$482K$2.7M20x
ShortBluefin HYPE-PERP94.1590.0100get 0.0013% / 1h17m 44s$80K$165K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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

Funding earned
$0
Price spread: +0.120% → −0.007%
$12.67
Slippage, 4 orders
−$27.68
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$30.01
Costs to cover
0.427%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 1 min ago; Bluefin: live order book, 31 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 Polymarket Perps live order book, 1 min ago1.22 bp5.2 bp −$56.2 bp −$6216.4 bp −$1,643doesn't fit
Sell Bluefin live order book, 31 min ago3.36 bp15.8 bp −$16doesn't fitdoesn'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−0.1376%1h93.862−0.196%$199K$239K7xas long as short
Aftermath Perps HYPEUSD−0.0415%1h93.610−0.464%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.007−0.041%$3K$33125xas long as short
Bullet HYPE-USD−0.0035%1h94.114+0.072%$112K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0018%4h94.120+0.079%$147K$674K20xas long as short
dYdX HYPE-USD0.0000%1h94.094+0.051%$129K$29K5xas long as short
01 Exchange HYPEUSD0.0000%1h94.049+0.003%$88K$365K20xas long as short
Perpl HYPE0.0000%43m94.054+0.008%$23K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h94.160+0.121%$63K—150xas long as short
Arcus HYPE-USD+0.0011%1h94.142+0.102%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0016%4h94.162+0.123%$227.2M$99.2M75xas long as short
Bybit HYPEUSDT+0.0020%8h94.144+0.104%$319.4M$283.7M75xas long as short
Phemex HYPEUSDT+0.0025%8h94.054+0.009%$12.8M$2.8M50xas long as short
Phoenix HYPE+0.0026%1h93.624−0.449%$208K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0052%1h94.070+0.026%$704K$1.2M10xas long as short
edgeX HYPEUSDC+0.0094%4h93.626−0.447%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h94.184+0.146%$342K$158K20xas long as short
Lighter HYPE+0.0096%1h94.112+0.070%$16.3M$63.5M20xas long as short
Lighter RH HYPE+0.0096%1h94.117+0.075%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.023−0.024%$71K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.020−0.028%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.007−0.042%$7.8M$48.5M10xas long as short
Hyperliquid HYPE+0.0100%1h94.168+0.130%$2.06B$674.2M10xas long as short
Aster HYPEUSDT+0.0100%4h94.129+0.088%$8.8M$36.5M300xas long as short
Pacifica HYPE+0.0100%1h94.150+0.111%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h94.143+0.103%$378.0M$918.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h94.166+0.128%$116.3M$315.0M50xas long as short
Bulk HYPE-USD+0.0100%1h93.358−0.731%$216K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h94.132+0.091%$47.4M$54.7M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.174+0.136%$90.7M$81.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.166+0.128%$46.5M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h94.087+0.044%—$53.5M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.122+0.081%$7.2M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.699−0.369%$28.6M$56.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.275−0.820%$7.5M$47.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.227−0.871%$342K$997K50xas long as short
StandX HYPE-USD+0.0100%1h93.924−0.130%$672K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h94.082+0.038%—$243K5xas long as short
Polymarket Perps HYPE-USDlong+0.0100%1h94.046long leg$482K$2.7M20x
Bluefin HYPE-PERPshort+0.0100%1h94.159+0.120%$80K$165K20x
Derive HYPE-PERP+0.0100%1h94.129+0.089%$16.2M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h94.208+0.172%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.143+0.103%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.250+0.217%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h94.104+0.062%$18.3M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.160+0.122%$398K$158K20xas long as short
Kalshi KXHYPEPERP+0.0119%8h94.134+0.094%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h94.080+0.036%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.180+0.142%$4.7M$5.9M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0217%1h94.228+0.194%$7.5M$4.1M50xas long as short
Reya HYPERUSDPERP+0.0270%1h94.041−0.005%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h94.127+0.086%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0338%1h94.230+0.196%$21.1M$29.5M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.930−0.123%$16.9M$12.0M75xas long as short
RISEx HYPE/USDC+0.0527%1h94.085+0.041%$3.2M$6.3M20xas long as short