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Funding arb · Price arb /

HYPE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: Bluefin against StandX−0.066%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Long on StandXShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.116%−$12 on $10k
Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.066%, 7d avg −0.005%
Together, before fees−0.097%+ Points / potential airdropStandX: Active · farm board−$10 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: Bluefin is 0.061% cheaper against StandX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.8360.0100pay 0.0013% / 1h23m 23s$670K$2.6M20x
ShortBluefin HYPE-PERP93.7740.0100get 0.0013% / 1h23m 23s$79K$171K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against StandX. 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: −0.066% → −0.005%
−$6.11
Slippage, 4 orders
−$30.11
Fee StandX: 4 bp × 2 orders
−$8
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$51.21
Costs to cover
0.451%
Break-even
never at this rate
Slippage from StandX: live order book, just now; Bluefin: live order book, 46 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 StandX live order book, just now1.28 bp5.3 bp −$55.5 bp −$5514.3 bp −$1,425doesn't fit
Sell Bluefin live order book, 46 min ago5.49 bp14.8 bp −$15doesn't fitdoesn't fitdoesn't fit

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−0.1000%1h93.698−0.147%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.729−0.114%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0129%1h93.810−0.028%$22K$21K10xas long as short
Phemex HYPEUSDT−0.0126%8h93.853+0.018%$12.7M$2.7M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.875+0.042%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0078%1h93.850+0.015%$703K$924K10xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.787−0.052%$156K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.844+0.009%$85K$350K20xas long as short
Backpack HYPE_USDC_PERP−0.0038%1h93.855+0.020%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0030%4h93.831−0.005%$44.4M$55.1M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0002%4h93.819−0.018%—$53.6M—as long as short
Aster HYPEUSDT−0.0002%4h93.839+0.004%$8.9M$35.8M300xas long as short
dYdX HYPE-USD0.0000%1h93.844+0.009%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.859+0.024%$22K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.822−0.015%$26K—150xas long as short
Bybit HYPEUSDT+0.0003%8h93.800−0.038%$322.1M$281.1M75xas long as short
Phoenix HYPE+0.0060%1h93.922+0.092%$213K$1.2M10xas long as short
MEXC HYPE_USDT+0.0068%4h93.833−0.003%$87.8M$82.9M100xas long as short
Binance HYPEUSDT+0.0069%4h93.840+0.004%$381.9M$892.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0069%8h93.800−0.038%$115.3M$308.2M50xas long as short
Bullet HYPE-USD+0.0074%1h93.819−0.018%$112K$577K20xas long as short
edgeX HYPEUSDC+0.0079%4h93.907+0.075%$5.1M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.897+0.066%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.886+0.054%$16.4M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.873+0.039%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.8360.000%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.812−0.025%$399K$175K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.860+0.026%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.876+0.043%$5.8M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.939+0.110%$2.05B$665.6M10xas long as short
Pacifica HYPE+0.0100%1h93.887+0.054%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.857+0.022%$46.5M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.812−0.026%$227.3M$98.5M75xas long as short
Variational Omni HYPE+0.0100%8h93.910+0.078%$31.1M$54.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.947+0.118%$7.6M$47.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.891+0.059%$339K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.836long leg$670K$2.6M20x
Vest HYPE-PERP+0.0100%1h93.901+0.069%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.868+0.034%$474K$2.4M20xas long as short
Bluefin HYPE-PERPshort+0.0100%1h93.774−0.066%$79K$171K20x
Derive HYPE-PERP+0.0100%1h93.787−0.053%$16.3M$7.7M10xas long as short
SunX HYPE-USDT+0.0100%4h93.947+0.118%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.798−0.040%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.880+0.047%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.778−0.062%$18.3M$44.2M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.920+0.090%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.800−0.038%$30K$339K12xas long as short
HTX HYPE-USDT+0.0208%4h93.976+0.149%$1.4M$5.9M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.910+0.079%$3.2M$7.0M20xas long as short
Reya HYPERUSDPERP+0.0255%1h93.820−0.017%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0275%8h93.921+0.091%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.8360.000%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0389%1h93.897+0.065%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0679%1h93.902+0.070%$21.0M$29.8M50xas long as short