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Funding arb · Price arb /

HYPE

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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%
Price spread now: GRVT against SoDEX−0.105%74s7-day average +0.016% · 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—prices read too far apart to compare
costs, in and out, $10k−$230.233% of the position
Long on SoDEXShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.021%−$2 on $10k
Price spread, last 3 days (all we have)+0.225%+$23 · spread now −0.105%, 7d avg +0.016%
Together, before fees+0.205%+ Points / potential airdropGRVT: Active · farm board+$20 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: GRVT is 0.121% cheaper against SoDEX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD93.6790.0100pay 0.0013% / 1h26m 13s$2.0M$2.0M10x
ShortGRVT HYPE_USDT_Perp93.5800.0100get 0.0050% / 4h2h 26m$7.5M$45.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
Price spread: −0.105% → +0.016%
−$12.14
Slippage, 4 orders
−$6.32
Fee SoDEX: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$35.46
Costs to cover
0.233%
Break-even
never at this rate
Slippage from SoDEX: live order book, 3 min ago; GRVT: 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 ago0.05 bp7.0 bp −$712.3 bp −$123101.3 bp −$10.1Kdoesn't fit
Sell GRVT live order book, 3 min ago0.05 bp5.0 bp −$55.5 bp −$55doesn't fitdoesn'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−0.1016%1h93.493−0.199%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0286%1h93.576−0.110%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0243%1h93.570−0.116%$702K$939K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.557−0.130%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.688+0.010%$90K$349K20xas long as short
Bullet HYPE-USD−0.0035%1h93.676−0.003%$112K$583K20xas long as short
Derive HYPE-PERP−0.0009%1h93.629−0.054%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.644−0.037%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.671−0.009%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.718+0.041%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0020%4h93.658−0.022%$9.0M$35.8M300xas long as short
Gate HYPE_USDT+0.0032%4h93.669−0.011%$44.0M$56.9M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.680+0.001%$326.3M$287.0M75xas long as short
Orderly PERP_HYPE_USDC+0.0066%4h93.677−0.002%$176K$535K20xas long as short
Phoenix HYPE+0.0068%1h93.590−0.095%$216K$1.2M10xas long as short
Popdex HYPEUSDT+0.0072%1h93.653−0.028%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.728+0.052%$18.6M$59.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.672−0.007%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.676−0.003%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.640−0.042%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.653−0.028%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.731+0.056%$2.04B$669.7M10xas long as short
Pacifica HYPE+0.0100%1h93.673−0.007%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.683+0.004%$386.5M$887.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.674−0.005%$115.0M$315.8M50xas long as short
Arcus HYPE-USD+0.0100%1h93.613−0.070%$1.2M$4.0M10xas long as short
MEXC HYPE_USDT+0.0100%4h93.677−0.002%$93.7M$82.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.666−0.014%$46.5M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.691+0.013%$227.5M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.677−0.002%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.644−0.037%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.541−0.148%$28.9M$49.9M—as long as short
GRVT HYPE_USDT_Perpshort+0.0100%4h93.580−0.105%$7.5M$45.2M10x
ApeX Omni HYPEUSDT+0.0100%1h93.558−0.129%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.586−0.099%$677K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.668−0.012%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.696+0.018%$495K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.694+0.016%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.696+0.018%$32K$1.6M20xas long as short
SoDEX HYPE-USDlong+0.0100%1h93.679long leg$2.0M$2.0M10x
Phemex HYPEUSDT+0.0100%8h93.656−0.025%$12.8M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.556−0.131%$204K$12K10xas long as short
Extended HYPE-USD+0.0104%1h93.668−0.012%$18.3M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.677−0.002%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0116%4h93.544−0.144%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0127%8h93.658−0.022%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0166%1h93.783+0.111%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.690+0.012%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.665−0.015%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.500−0.191%$30K$291K12xas long as short
HTX HYPE-USDT+0.0316%4h93.850+0.183%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0164%1h93.697+0.019%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.597−0.088%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.702+0.024%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0572%1h93.790+0.118%$19.2M$26.0M50xas long as short