Settings8H · net · $10k
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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 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.060%
Price spread now: Injective against StandX−0.119%50s7-day average +0.178% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on StandXShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days+2.289%+$229 on $10k
Price spread, last 3 days (all we have)+0.003%$0 · spread now −0.119%, 7d avg +0.178%
Together, before fees+2.292%+ Points / potential airdropStandX: Active · farm board+$229 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: Injective is 0.297% cheaper against StandX than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.178%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.8620.0100pay 0.0013% / 1h55m 48s$679K$2.5M20x
ShortInjective HYPE/USDC PERP93.7500.0104get 0.0013% / 1h55m 48s$30K$338K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$0.75
Price spread: −0.119% → +0.178%
−$29.72
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$36.99
Costs to cover
0.080%
Break-even
352.5 days
Slippage unknown: StandX: live order book, 3 min ago; Injective: live order book, 23 min ago. 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 StandX live order book, 3 min ago1.28 bp5.3 bp −$55.4 bp −$549.9 bp −$989doesn't fit
Sell Injective live order book, 23 min ago9.65 bpdoesn't fitdoesn't fitdoesn'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−0.0520%1h93.829−0.035%$199K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0486%1h93.686−0.188%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.847−0.016%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.892+0.032%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.912+0.053%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.920+0.062%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.951+0.095%$28K—150xas long as short
Ondo Perps HYPE-USD.P+0.0003%1h93.830−0.034%$703K$903K10xas long as short
Orderly PERP_HYPE_USDC+0.0014%4h93.930+0.072%$176K$526K20xas long as short
Bybit HYPEUSDT+0.0018%8h93.910+0.051%$324.8M$280.5M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0024%4h93.937+0.080%$8.9M$35.8M300xas long as short
Phoenix HYPE+0.0034%1h93.805−0.061%$215K$1.2M10xas long as short
Gate HYPE_USDT+0.0064%4h93.914+0.055%$44.5M$57.9M75xas long as short
MEXC HYPE_USDT+0.0066%4h93.928+0.070%$90.6M$80.3M100xas long as short
Derive HYPE-PERP+0.0069%1h93.859−0.003%$16.4M$6.9M10xas long as short
Binance HYPEUSDT+0.0070%4h93.930+0.072%$385.6M$885.6M75xas long as short
Phemex HYPEUSDT+0.0070%8h93.916+0.058%$12.8M$2.6M50xas long as short
edgeX HYPEUSDC+0.0078%4h93.744−0.125%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.980+0.126%$19.0M$58.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.965+0.110%$3.1M$12.2M20xas long as short
01 Exchange HYPEUSD+0.0096%1h93.968+0.113%$91K$355K20xas long as short
Popdex HYPEUSDT+0.0096%1h93.925+0.067%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.859−0.003%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.929+0.072%$341K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.920+0.062%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.919+0.061%$5.9M$44.1M10xas long as short
Pacifica HYPE+0.0100%1h93.953+0.096%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.905+0.046%$115.2M$314.8M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.940+0.083%$47.3M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.924+0.066%$227.7M$102.4M75xas long as short
BingX HYPE-USDT+0.0100%4h93.922+0.064%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.942+0.085%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.552−0.330%$30.9M$51.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.616−0.262%$7.5M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.759−0.110%$393K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.862long leg$679K$2.5M20x
Vest HYPE-PERP+0.0100%1h93.914+0.055%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.946+0.089%$484K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.901+0.041%$112K$577K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.929+0.071%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.976+0.121%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.937+0.080%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680−0.194%$205K$7K10xas long as short
Injective HYPE/USDC PERPshort+0.0104%1h93.750−0.119%$30K$338K12x
Extended HYPE-USD+0.0104%1h93.900+0.040%$18.6M$42.0M50xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.978+0.124%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.870+0.009%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0218%1h94.020+0.168%$7.4M$4.5M50xas long as short
HTX HYPE-USDT+0.0222%4h94.088+0.241%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0248%1h93.916+0.057%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0266%4h93.898+0.038%$17.0M$12.3M75xas long as short
RISEx HYPE/USDC+0.0284%1h93.981+0.126%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.897+0.037%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.049+0.199%$21.0M$29.0M50xas long as short
Hyperliquid HYPE+0.0644%1h93.980+0.126%$2.05B$667.7M10xas long as short