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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 01:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h −0.009%
Price spread now: Binance against SoDEX−0.002%7-day average +0.010% · 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−$25as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Long on SoDEXShort on Binance
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.009%−$1 on $10k
Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.002%, 7d avg +0.010%
Together, before fees+0.029%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD93.9530.0100pay 0.0013% / 1h12m 20s$2.0M$2.0M10x
ShortBinance HYPEUSDT93.9510.0054get 0.0027% / 4h3h 12m$383.5M$894.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$9.75
Price spread: −0.002% → +0.010%
−$1.2
Slippage, 4 orders
−$6.13
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$35.08
Costs to cover
0.241%
Break-even
never at this rate
Slippage from SoDEX: live order book, 2 min ago; Binance: live order book, 2 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, 2 min ago0.32 bp7.0 bp −$712.8 bp −$128101.6 bp −$10.2Kdoesn't fit
Sell Binance live order book, 2 min ago0.05 bp5.5 bp −$58.3 bp −$8315.1 bp −$1,51531.3 bp −$15.7K

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−0.1200%1h94.014+0.065%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.881−0.077%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0208%1h93.960+0.008%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0115%1h93.930−0.024%$708K$960K10xas long as short
Phemex HYPEUSDT−0.0110%8h93.928−0.027%$12.8M$2.6M50xas long as short
dYdX HYPE-USD−0.0094%1h94.002+0.052%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h93.984+0.033%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.988+0.037%$3K$33125xas long as short
Bullet HYPE-USD−0.0061%1h93.964+0.011%$113K$581K20xas long as short
Gate HYPE_USDT−0.0046%4h93.954+0.001%$44.5M$60.3M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0028%4h93.935−0.019%$159K$644K20xas long as short
Bybit HYPEUSDT−0.0007%8h93.931−0.023%$323.3M$280.2M75xas long as short
Perpl HYPE0.0000%43m93.993+0.043%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.990+0.039%$26K—150xas long as short
Aster HYPEUSDT+0.0013%4h93.992+0.042%$8.9M$36.1M300xas long as short
Derive HYPE-PERP+0.0017%1h93.907−0.049%$16.4M$7.3M10xas long as short
Phoenix HYPE+0.0034%1h93.678−0.293%$218K$1.2M10xas long as short
MEXC HYPE_USDT+0.0050%4h93.975+0.023%$88.5M$83.3M100xas long as short
Binance HYPEUSDTshort+0.0054%4h93.951−0.002%$383.5M$894.6M75x
edgeX HYPEUSDC+0.0058%4h93.999+0.049%$5.1M$30.1M30xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.944−0.010%$116.1M$315.9M50xas long as short
Lighter HYPE+0.0096%1h93.990+0.040%$19.0M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.961+0.009%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.977+0.026%$65K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.955+0.002%$400K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.020+0.071%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.970+0.018%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.979+0.028%$6.6M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h94.038+0.090%$2.05B$676.5M10xas long as short
Pacifica HYPE+0.0100%1h94.020+0.071%$10.2M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.528−0.452%$204K$12K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.973+0.021%$46.7M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.967+0.015%$227.6M$100.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.955+0.002%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.992+0.042%$7.7M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.810−0.152%$31.4M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.085+0.140%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.061+0.115%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.040+0.093%$671K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h94.024+0.076%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.005+0.055%$475K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.952−0.001%$76K$170K20xas long as short
SunX HYPE-USDT+0.0100%4h94.026+0.078%$32K$1.6M20xas long as short
SoDEX HYPE-USDlong+0.0100%1h93.953long leg$2.0M$2.0M10x
Extended HYPE-USD+0.0104%1h93.936−0.018%$18.4M$45.3M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.000+0.050%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.930−0.024%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0205%4h94.015+0.066%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h94.008+0.059%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0237%8h94.046+0.099%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.9530.000%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0158%1h93.985+0.034%$1.4M—100xas long as short
HTX HYPE-USDT+0.0375%4h94.150+0.210%$1.5M$6.0M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0463%1h94.051+0.104%$7.5M$4.7M50xas long as short
Kraken Futures PF_HYPEUSD+0.0671%1h94.041+0.094%$21.0M$29.8M50xas long as short