Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.094%
Price spread now: Arcus against SoDEX−0.160%7-day average −0.039% · 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−$33as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Long on SoDEXShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.124%−$12 on $10k
Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.160%, 7d avg −0.039%
Together, before fees+0.089%+$9 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 Arcus is 0.121% cheaper against SoDEX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD93.5630.0100pay 0.0013% / 1h55m 40s$2.0M$1.9M10x
ShortArcus HYPE-USD93.4130.0011get 0.0001% / 1h55m 40s$1.0M$3.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against SoDEX. 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
−$18.77
Price spread: −0.160% → −0.039%
−$12.15
Slippage, 4 orders
−$7.89
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$51.31
Costs to cover
0.204%
Break-even
never at this rate
Slippage from SoDEX: live order book, 3 min ago; Arcus: live order book, 3 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 SoDEX live order book, 3 min ago0.38 bp6.8 bp −$713.3 bp −$133doesn't fitdoesn't fit
Sell Arcus live order book, 3 min ago0.64 bp3.2 bp −$38.8 bp −$8829.3 bp −$2,927doesn'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−0.1896%1h93.498−0.070%$197K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0364%1h93.451−0.120%$22K$21K10xas long as short
Bullet HYPE-USD−0.0131%1h93.513−0.053%$112K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.530−0.035%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0040%1h93.442−0.129%$87K$365K20xas long as short
Orderly PERP_HYPE_USDC−0.0037%4h93.554−0.010%$146K$663K20xas long as short
dYdX HYPE-USD0.0000%1h93.530−0.035%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.556−0.008%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.576+0.013%$62K—150xas long as short
Arcus HYPE-USDshort+0.0011%1h93.413−0.160%$1.0M$3.9M10x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HYPE-USD.P+0.0014%1h93.540−0.025%$705K$1.2M10xas long as short
Phemex HYPEUSDT+0.0020%8h93.499−0.068%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0022%4h93.434−0.138%$226.1M$99.1M75xas long as short
Bybit HYPEUSDT+0.0026%8h93.434−0.138%$317.8M$283.6M75xas long as short
Phoenix HYPE+0.0026%1h93.546−0.018%$209K$1.2M10xas long as short
Bluefin HYPE-PERP+0.0092%1h93.553−0.011%$79K$167K20xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.489−0.079%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.481−0.087%$16.1M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.522−0.044%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.427−0.145%$76K$1.1M50xas long as short
Gate HYPE_USDT+0.0096%4h93.440−0.131%$46.3M$53.8M75xas long as short
edgeX HYPEUSDC+0.0097%4h93.351−0.227%$5.0M$29.9M30xas long as short
Katana Perps HYPE-USD+0.0099%8h93.440−0.131%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.544−0.020%$7.0M$47.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.566+0.003%$2.04B$667.2M10xas long as short
Aster HYPEUSDT+0.0100%4h93.498−0.070%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.499−0.068%$10.1M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.482−0.087%$374.9M$910.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.431−0.141%$114.9M$308.1M50xas long as short
Bulk HYPE-USD+0.0100%1h93.328−0.251%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.468−0.102%$92.2M$80.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.527−0.038%$46.2M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.442−0.129%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.578+0.016%$7.3M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.529−0.037%$28.7M$56.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.423−0.150%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.617+0.058%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.612+0.052%$669K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.585+0.023%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.548−0.016%$490K$2.7M20xas long as short
Derive HYPE-PERP+0.0100%1h93.544−0.021%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.549−0.015%$32K$1.6M20xas long as short
SoDEX HYPE-USDlong+0.0100%1h93.563long leg$2.0M$1.9M10x
HTX HYPE-USDT+0.0100%4h93.800+0.253%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.411−0.162%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.566+0.003%$396K$161K20xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.410−0.164%$30K$339K12xas long as short
Kalshi KXHYPEPERP+0.0137%8h93.633+0.075%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.720+0.168%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0267%1h93.508−0.059%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.558−0.006%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.642+0.084%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0340%1h93.618+0.059%$20.9M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0391%1h93.649+0.092%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.504−0.063%$3.2M$6.3M20xas long as short