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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 02:00 UTC+0.0179%/8h= +19.6% APRnext payment +$0.22 per $10,000 · paid last 24h −0.008%
Price spread now: Deribit against RISEx−0.014%7-day average +0.026% · 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−$30as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Long on RISExShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.120%−$12 on $10k
Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.014%, 7d avg +0.026%
Together, before fees−0.097%−$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.040% cheaper against RISEx than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.026%). If the spread goes back, that is −$4 on $10k: about 18 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 3 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx HYPE/USDC93.9100.0210pay 0.0026% / 1h22m 59s$3.2M$7.0M20x
ShortDeribit HYPE_USDC-PERPETUAL93.8970.0389get 0.0049% / 1h22m 59s$7.5M$4.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against RISEx. 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
$37.68
Price spread: −0.014% → +0.026%
−$4.01
Slippage, 4 orders
−$12.66
Fee RISEx: 3 bp × 2 orders
−$6
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$8.01
Costs to cover
0.257%
Break-even
5.5 days
Slippage from RISEx: live order book, 1 min ago; Deribit: live order book, 1 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 RISEx live order book, 1 min ago1.38 bp4.4 bp −$45.6 bp −$56doesn't fitdoesn't fit
Sell Deribit live order book, 1 min ago1.44 bp8.6 bp −$912.3 bp −$123doesn'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−0.1000%1h93.698−0.226%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.729−0.193%$1.2M$3.8M10xas long as short
Phemex HYPEUSDT−0.0138%8h93.853−0.061%$12.7M$2.7M50xas long as short
Aftermath Perps HYPEUSD−0.0129%1h93.810−0.107%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.875−0.037%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0078%1h93.850−0.064%$703K$924K10xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.787−0.131%$156K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.844−0.070%$85K$350K20xas long as short
Backpack HYPE_USDC_PERP−0.0035%1h93.796−0.121%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0030%4h93.860−0.053%$44.5M$55.1M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0002%4h93.859−0.054%—$53.6M—as long as short
Aster HYPEUSDT−0.0002%4h93.822−0.093%$8.9M$35.8M300xas long as short
dYdX HYPE-USD0.0000%1h93.844−0.070%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.859−0.055%$22K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.822−0.094%$26K—150xas long as short
Bybit HYPEUSDT+0.0003%8h93.866−0.047%$322.3M$281.1M75xas long as short
Phoenix HYPE+0.0060%1h93.922+0.013%$213K$1.2M10xas long as short
MEXC HYPE_USDT+0.0068%4h93.9100.000%$87.9M$82.9M100xas long as short
Binance HYPEUSDT+0.0069%4h93.884−0.028%$382.1M$892.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0069%8h93.882−0.030%$115.3M$308.5M50xas long as short
Bullet HYPE-USD+0.0074%1h93.819−0.097%$112K$577K20xas long as short
edgeX HYPEUSDC+0.0079%4h93.907−0.004%$5.1M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.897−0.013%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.839−0.076%$16.4M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.828−0.087%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.836−0.079%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.812−0.104%$399K$175K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.860−0.053%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.876−0.036%$5.8M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.948+0.040%$2.05B$665.6M10xas long as short
Pacifica HYPE+0.0100%1h93.887−0.024%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.908−0.002%$46.5M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.889−0.022%$227.5M$98.5M75xas long as short
Variational Omni HYPE+0.0100%8h93.910−0.001%$31.1M$54.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.947+0.039%$7.6M$47.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.891−0.020%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.836−0.079%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.901−0.010%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.868−0.045%$474K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.774−0.145%$79K$171K20xas long as short
Derive HYPE-PERP+0.0100%1h93.787−0.131%$16.3M$7.7M10xas long as short
SunX HYPE-USDT+0.0100%4h93.947+0.039%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.798−0.119%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.880−0.032%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.889−0.023%$18.3M$44.2M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.920+0.011%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.800−0.117%$30K$339K12xas long as short
HTX HYPE-USDT+0.0205%4h93.976+0.070%$1.4M$5.9M75xas long as short
RISEx HYPE/USDClong+0.0210%1h93.910long leg$3.2M$7.0M20x
Reya HYPERUSDPERP+0.0255%1h93.820−0.096%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0276%8h93.905−0.005%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.836−0.079%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUALshort+0.0389%1h93.897−0.014%$7.5M$4.5M50x
Kraken Futures PF_HYPEUSD+0.0679%1h93.902−0.009%$21.0M$29.8M50xas long as short