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 22:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.011%
Price spread now: Derive against Polymarket Perps−0.074%7-day average −0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Polymarket PerpsShort on Derive
What this pair did over the last
the charts below follow
Funding, last 7 days+0.033%+$3 on $10k
Price spread, last 3 days (all we have)−0.045%−$4 · spread now −0.074%, 7d avg −0.026%
Together, before fees−0.012%−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Derive is 0.047% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps HYPE-USD93.3610.0100pay 0.0013% / 1h38m 40s$493K$2.6M20x
ShortDerive HYPE-PERP93.2920.0003get 0.0000% / 1h38m 40s$16.4M$7.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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
−$20.32
Price spread: −0.074% → −0.026%
−$4.75
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Derive: 3 bp × 2 orders
−$6
Net
−$39.06
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Polymarket Perps: live order book, 5 min ago; Derive: no order-book sample. Net counts fees only.

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, 5 min ago0.96 bp5.1 bp −$55.7 bp −$5711.8 bp −$1,178doesn't fit
Sell Derive no order-book sample—————
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1160%1h93.364+0.004%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0257%1h93.330−0.033%$700K$943K10xas long as short
Aftermath Perps HYPEUSD−0.0227%1h93.388+0.029%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0088%1h93.345−0.017%$89K$345K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.419+0.062%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.316−0.049%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.366+0.005%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.366+0.005%$20K—150xas long as short
Derive HYPE-PERPshort+0.0003%1h93.292−0.074%$16.4M$7.1M10x
Gate HYPE_USDT+0.0008%4h93.276−0.091%$44.0M$56.5M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet HYPE-USD+0.0008%1h93.329−0.034%$112K$583K20xas long as short
Aster HYPEUSDT+0.0009%4h93.317−0.047%$8.9M$35.9M300xas long as short
Bybit HYPEUSDT+0.0035%8h93.310−0.055%$325.0M$287.5M75xas long as short
Phoenix HYPE+0.0068%1h93.527+0.178%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0072%4h93.327−0.036%$180K$529K20xas long as short
Popdex HYPEUSDT+0.0080%1h93.319−0.045%$56K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.340−0.022%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.336−0.027%$3.1M$12.3M20xas long as short
SoDEX HYPE-USD+0.0099%1h93.291−0.075%$2.0M$2.0M10xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.364+0.003%$339K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.370+0.010%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.325−0.039%$6.0M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.367+0.006%$2.03B$667.5M10xas long as short
Pacifica HYPE+0.0100%1h93.353−0.009%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.324−0.040%$385.2M$888.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.323−0.041%$114.6M$315.0M50xas long as short
Arcus HYPE-USD+0.0100%1h93.308−0.057%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.403+0.045%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.319−0.045%$92.7M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.311−0.054%$46.4M$19.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.321−0.043%$226.6M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.289−0.077%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.315−0.049%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.375+0.015%$28.9M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.408+0.051%$7.5M$44.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.381+0.021%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.453+0.099%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.391+0.032%—$454K5xas long as short
Polymarket Perps HYPE-USDlong+0.0100%1h93.361long leg$493K$2.6M20x
Bluefin HYPE-PERP+0.0100%1h93.332−0.031%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.365+0.004%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.356−0.005%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.277−0.089%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.307−0.058%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0109%4h93.377+0.017%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0110%8h93.405+0.047%$1.9M$5.4M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0200%1h93.411+0.054%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.360−0.001%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.325−0.039%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.310−0.055%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.384+0.025%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.314−0.050%$17.0M$12.5M75xas long as short
HTX HYPE-USDT+0.0347%4h93.500+0.149%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.389+0.030%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.389+0.030%$19.2M$25.9M50xas long as short