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Funding arb · Price arb /

HYPE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC−0.0002%/8h= −0.3% APRpaid last 24h −0.007%
Price spread now: edgeX against SoDEX+0.108%75s7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$230.231% of the position
Long on SoDEXShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.108%, 7d avg 0.000%
Together, before fees−0.072%+ Points / potential airdropedgeX: Active · farm board−$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.109% dearer against SoDEX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD93.2600.0100pay 0.0013% / 1h2m 13s$2.0M$1.9M10x
ShortedgeX HYPEUSDC93.3610.0098get 0.0049% / 4h3h 02m$5.0M$29.8M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
−$0.49
Price spread: +0.108% → 0.000%
$10.87
Slippage, 4 orders
−$6.15
Fee SoDEX: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$12.76
Costs to cover
0.231%
Break-even
never at this rate
Slippage from SoDEX: live order book, 2 min ago; edgeX: 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 ago0.38 bp6.2 bp −$612.0 bp −$12099.0 bp −$9,898doesn't fit
Sell edgeX live order book, 2 min ago0.32 bp4.8 bp −$55.1 bp −$51174.4 bp −$17.4Kdoesn'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−0.1880%1h93.444+0.197%$197K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0325%1h93.243−0.019%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.213−0.050%$1.0M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.324+0.069%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0043%4h93.242−0.019%$146K$669K20xas long as short
Ondo Perps HYPE-USD.P−0.0014%1h93.240−0.021%$702K$1.2M10xas long as short
Bullet HYPE-USD−0.0010%1h93.233−0.029%$111K$578K20xas long as short
dYdX HYPE-USD0.0000%1h93.328+0.073%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.277+0.018%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.279+0.021%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0016%1h93.249−0.012%$87K$366K20xas long as short
Bybit HYPEUSDT+0.0024%8h93.270+0.011%$317.5M$283.8M75xas long as short
Phemex HYPEUSDT+0.0024%8h93.293+0.035%$12.6M$2.7M50xas long as short
Phoenix HYPE+0.0026%1h93.446+0.199%$209K$1.2M10xas long as short
Bitget HYPEUSDT+0.0028%4h93.240−0.021%$225.7M$99.0M75xas long as short
Gate HYPE_USDT+0.0050%4h93.238−0.024%$45.8M$55.2M75xas long as short
Popdex HYPEUSDT+0.0056%1h93.232−0.030%$76K$1.1M50xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.303+0.046%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.269+0.010%$16.0M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.283+0.025%$3.1M$11.7M20xas long as short
edgeX HYPEUSDCshort+0.0098%4h93.361+0.108%$5.0M$29.8M30x
Katana Perps HYPE-USD+0.0099%8h93.240−0.021%$12K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.264+0.005%$6.8M$47.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.287+0.029%$2.03B$665.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.270+0.011%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.267+0.007%$10.0M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.270+0.011%$374.2M$910.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.251−0.010%$114.5M$305.8M50xas long as short
Bulk HYPE-USD+0.0100%1h93.328+0.073%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.238−0.024%$91.7M$81.7M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.241−0.020%$46.1M$18.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.230−0.032%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.352+0.099%$7.3M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.319+0.063%$28.8M$56.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.407+0.158%$7.5M$47.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.261+0.001%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.424+0.176%$668K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.318+0.062%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.270+0.011%$489K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.237−0.025%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.233−0.029%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.294+0.036%$32K$1.6M20xas long as short
SoDEX HYPE-USDlong+0.0100%1h93.260long leg$2.0M$1.9M10x
HTX HYPE-USDT+0.0100%4h93.400+0.150%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.235−0.027%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.254−0.006%$394K$164K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.340+0.086%$4.7M$5.6M50xas long as short
Kalshi KXHYPEPERP+0.0150%8h93.282+0.024%$1.8M$5.5M2.3xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.327+0.072%$20.7M$29.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.360+0.107%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0267%1h93.238−0.024%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.266+0.007%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.308+0.051%$16.8M$11.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0404%1h93.351+0.098%$7.5M$4.3M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.303+0.046%$3.2M$6.3M20xas long as short