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−0.0070%/8h= −7.7% APRpaid last 24h −0.029%
Price spread now: Gate against Polymarket Perps−0.035%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$320.315% of the position
Long on Polymarket PerpsShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.033%−$3 on $10k
Price spread, last 7 days+0.012%+$1 · spread now −0.035%, 7d avg +0.034%
Together, before fees−0.020%−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.069% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps HYPE-USD93.5680.0100pay 0.0013% / 1h15m 08s$494K$2.6M20x
ShortGate HYPE_USDT93.5350.0030get 0.0015% / 4h2h 15m$43.9M$57.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$14.7
Price spread: −0.035% → +0.034%
−$6.88
Slippage, 4 orders
−$8.54
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$53.12
Costs to cover
0.315%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; Gate: 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 Polymarket Perps live order book, 4 min ago2.57 bp6.7 bp −$79.3 bp −$93doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago0.05 bp7.7 bp −$813.5 bp −$13529.0 bp −$2,89651.6 bp −$25.8K

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−0.0960%1h93.583+0.016%$198K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0269%1h93.640+0.077%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0234%1h93.500−0.073%$702K$932K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.567−0.001%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0064%1h93.548−0.021%$90K$346K20xas long as short
Bullet HYPE-USD−0.0028%1h93.533−0.038%$112K$582K20xas long as short
Derive HYPE-PERP−0.0021%1h93.494−0.079%$16.4M$7.0M10xas long as short
dYdX HYPE-USD0.0000%1h93.645+0.082%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.541−0.029%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.570+0.002%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0023%4h93.536−0.034%$8.9M$35.8M300xas long as short
Gate HYPE_USDTshort+0.0030%4h93.535−0.035%$43.9M$57.4M75x
Bybit HYPEUSDT+0.0035%8h93.526−0.045%$325.8M$287.0M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.533−0.037%$59K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0059%4h93.542−0.028%$177K$520K20xas long as short
Phoenix HYPE+0.0068%1h93.603+0.037%$216K$1.2M10xas long as short
Lighter HYPE+0.0096%1h93.587+0.020%$18.5M$59.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.576+0.009%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.561−0.008%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.580+0.013%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.530−0.040%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.649+0.087%$2.04B$670.7M10xas long as short
Pacifica HYPE+0.0100%1h93.567−0.001%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.530−0.041%$385.9M$889.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.527−0.044%$114.9M$315.8M50xas long as short
Arcus HYPE-USD+0.0100%1h93.518−0.053%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.690+0.130%$205K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.533−0.037%$93.6M$82.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.539−0.031%$46.4M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.552−0.017%$227.3M$102.4M75xas long as short
BingX HYPE-USDT+0.0100%4h93.532−0.038%—$54.3M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.576+0.009%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.561−0.008%$29.2M$50.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.632+0.069%$7.5M$45.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.601+0.035%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.628+0.064%$677K$2.5M20xas long as short
Polymarket Perps HYPE-USDlong+0.0100%1h93.568long leg$494K$2.6M20x
Bluefin HYPE-PERP+0.0100%1h93.543−0.027%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.615+0.050%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.535−0.035%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.524−0.047%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.586+0.019%—$454K5xas long as short
Extended HYPE-USD+0.0104%1h93.522−0.049%$18.3M$41.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.521−0.050%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0107%4h93.591+0.025%$5.1M$29.7M30xas long as short
Kalshi KXHYPEPERP+0.0117%8h93.616+0.051%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.640+0.077%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.530−0.041%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0273%1h93.658+0.096%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.366%$31K$291K12xas long as short
HTX HYPE-USDT+0.0296%4h93.739+0.183%$1.5M$7.6M75xas long as short
BloFin HYPE-USDT+0.0340%4h93.532−0.038%$17.0M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0346% / S −0.0171%1h93.581+0.014%$1.5M—100xas long as short
RISEx HYPE/USDC+0.0467%1h93.601+0.036%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.638+0.075%$19.2M$26.0M50xas long as short