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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC−0.0097%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%
Price spread now: gTrade (Gains Network) against SoDEX+0.051%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SoDEXShort on gTrade (Gains Network)
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.051% dearer against SoDEX than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 42 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD93.7610.0100pay 0.0013% / 1h20m 33s$2.0M$1.9M10x
ShortgTrade (Gains Network) HYPE/USD93.809L +0.0002% / S −0.0003%get 0.0000% / 1h20m 33s$26K—150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$20.47
Price spread: +0.051% → 0.000%
$5.13
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$33.34
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 ago0.05 bp7.0 bp −$712.0 bp −$120doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample—————
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1032%1h93.783+0.023%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.609−0.162%$1.2M$3.8M10xas long as short
Phemex HYPEUSDT−0.0131%8h93.796+0.037%$12.7M$2.7M50xas long as short
Aftermath Perps HYPEUSD−0.0103%1h93.815+0.057%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.815+0.058%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0079%1h93.850+0.095%$702K$923K10xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.741−0.021%$156K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.724−0.039%$85K$350K20xas long as short
Backpack HYPE_USDC_PERP−0.0035%1h93.706−0.059%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0028%4h93.725−0.038%$44.4M$55.1M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0001%4h93.729−0.034%$8.8M$35.8M300xas long as short
dYdX HYPE-USD0.0000%1h93.756−0.005%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.755−0.007%$22K$326K10xas long as short
gTrade (Gains Network) HYPE/USDshortL +0.0002% / S −0.0003%1h93.809+0.051%$26K—150x
Bybit HYPEUSDT+0.0003%8h93.701−0.064%$321.8M$281.0M75xas long as short
BingX HYPE-USDT+0.0004%4h93.725−0.038%—$53.6M—as long as short
Phoenix HYPE+0.0060%1h93.885+0.132%$213K$1.2M10xas long as short
Bullet HYPE-USD+0.0064%1h93.716−0.048%$112K$577K20xas long as short
Binance HYPEUSDT+0.0067%4h93.707−0.058%$381.0M$890.6M75xas long as short
MEXC HYPE_USDT+0.0068%4h93.720−0.044%$89.0M$83.2M100xas long as short
OKX HYPE-USDT-SWAP+0.0068%8h93.715−0.049%$115.2M$307.6M50xas long as short
edgeX HYPEUSDC+0.0088%4h93.822+0.065%$5.1M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.766+0.005%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.758−0.003%$16.4M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.743−0.019%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.713−0.051%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.771+0.011%$399K$175K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.750−0.012%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.727−0.037%$5.8M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.821+0.064%$2.05B$665.7M10xas long as short
Pacifica HYPE+0.0100%1h93.757−0.004%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.738−0.025%$46.4M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.721−0.043%$227.1M$98.4M75xas long as short
Variational Omni HYPE+0.0100%8h93.748−0.014%$31.1M$54.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.837+0.081%$7.6M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.823+0.066%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.887+0.134%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.787+0.028%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.750−0.012%$473K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.739−0.023%$79K$171K20xas long as short
Derive HYPE-PERP+0.0100%1h93.748−0.014%$16.3M$7.7M10xas long as short
SunX HYPE-USDT+0.0100%4h93.881+0.128%$32K$1.6M20xas long as short
SoDEX HYPE-USDlong+0.0100%1h93.761long leg$2.0M$1.9M10x
Bulk HYPE-USD+0.0100%1h93.880+0.127%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.698−0.068%$18.3M$44.2M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.870+0.116%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.740−0.022%$30K$339K12xas long as short
HTX HYPE-USDT+0.0200%4h93.950+0.202%$1.4M$5.9M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.801+0.043%$3.2M$7.0M20xas long as short
Reya HYPERUSDPERP+0.0255%1h93.709−0.055%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0278%8h93.829+0.073%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.799+0.041%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0368%1h93.863+0.109%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0680%1h93.838+0.082%$21.0M$29.8M50xas long as short