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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 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Extended against SoDEX+0.016%7-day average −0.040% · 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−$14as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Long on SoDEXShort on Extended
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.004%$0 on $10k
Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.016%, 7d avg −0.040%
Together, before fees+0.022%+ Points / potential airdropExtended: Active · farm board+$2 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: Extended is 0.056% dearer against SoDEX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD93.1050.0100pay 0.0013% / 1h33m 49s$2.0M$2.0M10x
ShortExtended HYPE-USD93.1200.0104get 0.0013% / 1h33m 49s$18.2M$42.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against SoDEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: +0.016% → −0.040%
$5.57
Slippage, 4 orders
−$6.26
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$12.86
Costs to cover
0.193%
Break-even
114.2 days
Slippage from SoDEX: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago0.05 bp7.4 bp −$713.0 bp −$130doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago0.05 bp2.7 bp −$34.3 bp −$4324.6 bp −$2,464doesn'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
Aftermath Perps HYPEUSD−0.0377%1h93.138+0.036%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0208%1h93.124+0.020%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.024−0.087%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0111%1h93.070−0.038%$698K$923K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.137+0.034%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.061−0.047%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0016%1h93.044−0.066%$57K$1.2M50xas long as short
dYdX HYPE-USD0.0000%1h93.124+0.020%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.064−0.044%$23K$331K10xas long as short
Aster HYPEUSDT+0.0001%4h93.108+0.003%$8.8M$36.0M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.114+0.010%$20K—150xas long as short
Bullet HYPE-USD+0.0024%1h93.029−0.082%$111K$579K20xas long as short
Bybit HYPEUSDT+0.0026%8h93.130+0.027%$323.4M$287.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0029%4h93.104−0.001%$172K$519K20xas long as short
Derive HYPE-PERP+0.0031%1h93.064−0.044%$16.3M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.106+0.001%$214K$1.2M10xas long as short
Gate HYPE_USDT+0.0038%4h93.149+0.047%$43.9M$58.1M75xas long as short
Binance HYPEUSDT+0.0077%4h93.133+0.030%$382.7M$894.1M75xas long as short
MEXC HYPE_USDT+0.0082%4h93.141+0.039%$90.0M$81.8M100xas long as short
Lighter HYPE+0.0096%1h93.175+0.075%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.154+0.053%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.107+0.002%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.050−0.059%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.043−0.067%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.170+0.070%$2.02B$670.6M10xas long as short
Pacifica HYPE+0.0100%1h93.117+0.013%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.124+0.020%$113.8M$313.9M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.306%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.120+0.016%$47.2M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.141+0.039%$225.7M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.136+0.033%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.122+0.018%$7.8M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.034−0.076%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.137+0.034%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.246+0.151%$412K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.066−0.042%$673K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.064−0.044%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.101−0.004%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.071−0.037%$32K$1.6M20xas long as short
SoDEX HYPE-USDlong+0.0100%1h93.105long leg$2.0M$2.0M10x
Phemex HYPEUSDT+0.0100%8h93.100−0.005%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.094−0.012%—$454K5xas long as short
Extended HYPE-USDshort+0.0104%1h93.120+0.016%$18.2M$42.1M50x
Aevo HYPE-PERP+0.0104%1h93.111+0.006%$396K$318K20xas long as short
Kalshi KXHYPEPERP+0.0105%8h93.188+0.089%$1.9M$5.3M2.3xas long as short
edgeX HYPEUSDC+0.0110%4h93.120+0.016%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.180+0.081%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h92.970−0.145%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.014−0.098%$77K$158K15xas long as short
HTX HYPE-USDT+0.0251%4h93.243+0.148%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.103−0.002%$2.8M$6.8M20xas long as short
BloFin HYPE-USDT+0.0323%4h93.167+0.067%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h93.101−0.005%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0373%1h93.209+0.112%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.218+0.122%$20.8M$28.9M50xas long as short