Settings8H · net · $10k
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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 22:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.007%
Price spread now: KuCoin against SoDEX+0.016%7-day average −0.006% · 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−$31as in the Price arb table
costs, in and out, $10k−$330.327% of the position
Long on SoDEXShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.008%−$1 on $10k
Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.016%, 7d avg −0.006%
Together, before fees+0.037%+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and KuCoin is 0.022% dearer against SoDEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD93.2200.0084pay 0.0010% / 1h4m 03s$2.0M$2.0M10x
ShortKuCoin HYPEUSDTM93.2350.0100get 0.0050% / 4h2h 04m$46.1M$18.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$3.39
Price spread: +0.016% → −0.006%
$2.23
Slippage, 4 orders
−$12.74
Fee SoDEX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$27.12
Costs to cover
0.327%
Break-even
63.0 days
Slippage from SoDEX: live order book, 5 min ago; KuCoin: 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 bp6.9 bp −$713.0 bp −$130103.3 bp −$10.3Kdoesn't fit
Sell KuCoin live order book, 5 min ago1.07 bp8.1 bp −$813.1 bp −$131doesn'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−0.0824%1h93.268+0.051%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0259%1h93.324+0.111%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0229%1h93.210−0.011%$700K$933K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.223+0.003%$90K$360K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.264+0.047%$3K$33125xas long as short
Bullet HYPE-USD−0.0044%1h93.205−0.016%$111K$580K20xas long as short
Derive HYPE-PERP−0.0035%1h93.178−0.045%$16.3M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.280+0.064%$127K$32K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.376+0.167%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.250+0.032%$23K$334K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.268+0.051%$20K—150xas long as short
Aster HYPEUSDT+0.0010%4h93.216−0.005%$8.9M$35.7M300xas long as short
Gate HYPE_USDT+0.0028%4h93.216−0.004%$43.9M$57.9M75xas long as short
Bybit HYPEUSDT+0.0029%8h93.202−0.019%$324.6M$287.1M75xas long as short
Popdex HYPEUSDT+0.0032%1h93.232+0.013%$56K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0052%4h93.255+0.038%$167K$540K20xas long as short
Phoenix HYPE+0.0068%1h93.279+0.063%$215K$1.2M10xas long as short
Vest HYPE-PERP+0.0080%1h93.265+0.048%—$454K5xas long as short
SoDEX HYPE-USDlong+0.0084%1h93.220long leg$2.0M$2.0M10x
Bluefin HYPE-PERP+0.0096%1h93.226+0.006%$76K$168K20xas long as short
Lighter HYPE+0.0096%1h93.266+0.049%$18.6M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.251+0.033%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.289+0.074%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.250+0.032%$36K$1.6M10xas long as short
StandX HYPE-USD+0.0100%1h93.284+0.069%$674K$2.5M20xas long as short
Nado HYPE-PERP+0.0100%1h93.208−0.012%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.298+0.084%$2.03B$671.4M10xas long as short
Pacifica HYPE+0.0100%1h93.268+0.052%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.223+0.003%$384.7M$889.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.208−0.013%$114.6M$314.4M50xas long as short
Arcus HYPE-USD+0.0100%1h93.208−0.013%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285+0.070%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.2200.000%$92.9M$82.5M100xas long as short
KuCoin HYPEUSDTMshort+0.0100%4h93.235+0.016%$46.1M$18.8M75x
Bitget HYPEUSDT+0.0100%4h93.235+0.016%$226.5M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.206−0.015%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.259+0.042%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.211−0.010%$29.0M$50.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.304+0.090%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.323+0.110%$405K$1.0M50xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.262+0.045%$492K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.307+0.093%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.242+0.024%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.209−0.012%$18.4M$41.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.204−0.017%$396K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.268+0.052%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.360+0.150%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.208−0.012%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.740%$31K$291K12xas long as short
HTX HYPE-USDT+0.0295%4h93.468+0.266%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.266+0.049%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.244+0.026%$17.1M$12.4M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0361%1h93.340+0.129%$7.4M$4.6M50xas long as short
RISEx HYPE/USDC+0.0467%1h93.289+0.074%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.393+0.186%$19.5M$26.7M50xas long as short