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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 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.053%
Price spread now: Hyperliquid against StandX−0.066%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$200.200% of the position
Long on StandXShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.064%+$6 on $10k
Price spread, last 7 days+0.074%+$7 · spread now −0.066%, 7d avg +0.010%
Together, before fees+0.138%+ Points / potential airdropStandX: Active · Hyperliquid: Season 2 · farm board+$14 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: Hyperliquid is 0.076% cheaper against StandX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.9520.0100pay 0.0013% / 1h20m 31s$679K$2.6M20x
ShortHyperliquid HYPE93.8900.0100get 0.0013% / 1h20m 31s$2.05B$673.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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% → +0.010%
−$7.61
Slippage, 4 orders
−$3.05
Fee StandX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$27.65
Costs to cover
0.200%
Break-even
never at this rate
Slippage from StandX: live order book, 3 min ago; Hyperliquid: live order book, 4 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, 3 min ago1.28 bp5.3 bp −$55.4 bp −$5413.6 bp −$1,364doesn't fit
Sell Hyperliquid live order book, 4 min ago0.05 bp4.9 bp −$55.0 bp −$50doesn'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−0.1336%1h93.984+0.034%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.698−0.270%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0196%1h94.079+0.135%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0155%1h93.910−0.045%$710K$959K10xas long as short
dYdX HYPE-USD−0.0114%1h93.863−0.095%$129K$31K5xas long as short
Bullet HYPE-USD−0.0099%1h93.819−0.141%$112K$581K20xas long as short
01 Exchange HYPEUSD−0.0088%1h93.806−0.155%$86K$360K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.802−0.160%$3K$33125xas long as short
Gate HYPE_USDT−0.0068%4h93.785−0.178%$44.4M$59.9M75xas long as short
Phemex HYPEUSDT−0.0051%8h93.927−0.027%$12.8M$2.6M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0025%8h93.791−0.171%$322.3M$280.3M75xas long as short
Orderly PERP_HYPE_USDC−0.0023%4h93.935−0.018%$159K$645K20xas long as short
Perpl HYPE0.0000%43m93.820−0.140%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.002+0.053%$27K—150xas long as short
Aster HYPEUSDT+0.0013%4h93.827−0.133%$8.9M$36.1M300xas long as short
Derive HYPE-PERP+0.0023%1h93.926−0.027%$16.4M$7.3M10xas long as short
Phoenix HYPE+0.0034%1h94.149+0.210%$219K$1.2M10xas long as short
MEXC HYPE_USDT+0.0048%4h93.838−0.121%$89.0M$82.8M100xas long as short
Binance HYPEUSDT+0.0048%4h93.807−0.154%$382.6M$893.6M75xas long as short
edgeX HYPEUSDC+0.0070%4h94.065+0.120%$5.1M$30.0M30xas long as short
OKX HYPE-USDT-SWAP+0.0075%8h93.803−0.159%$115.7M$317.0M50xas long as short
Bluefin HYPE-PERP+0.0095%1h93.950−0.002%$76K$171K20xas long as short
Lighter HYPE+0.0096%1h93.827−0.133%$19.1M$59.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.838−0.121%$3.0M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.818−0.143%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.951−0.001%$400K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.789−0.174%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.850−0.109%$20K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.766−0.197%$6.6M$44.8M10xas long as short
Hyperliquid HYPEshort+0.0100%1h93.890−0.066%$2.05B$673.5M10x
Pacifica HYPE+0.0100%1h93.810−0.152%$10.2M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.825−0.135%$46.7M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.816−0.145%$227.5M$100.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.798−0.164%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.853−0.105%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.939−0.013%$31.4M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.199+0.263%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.047+0.101%$340K$1.1M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.952long leg$679K$2.6M20x
Polymarket Perps HYPE-USD+0.0100%1h93.832−0.128%$480K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h94.038+0.092%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.972+0.021%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.151+0.212%$205K$2K10xas long as short
Vest HYPE-PERP+0.0100%1h93.864−0.094%—$243K5xas long as short
Extended HYPE-USD+0.0104%1h93.775−0.188%$18.8M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.000+0.051%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0192%4h93.962+0.011%$17.0M$12.2M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.573%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.859−0.099%$2.7M$6.8M20xas long as short
Kalshi KXHYPEPERP+0.0227%8h94.002+0.053%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.803−0.159%$79K$142K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0324%1h94.064+0.119%$7.5M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0155%1h93.996+0.047%$1.4M—100xas long as short
HTX HYPE-USDT+0.0390%4h94.100+0.158%$1.5M$6.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0671%1h94.039+0.093%$21.0M$29.7M50xas long as short