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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 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.022%
Price spread now: OKX against StandX−0.047%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Long on StandXShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.073%−$7 on $10k
Price spread, last 7 days+0.061%+$6 · spread now −0.047%, 7d avg −0.012%
Together, before fees−0.012%+ Points / potential airdropStandX: Active · farm board−$1 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: OKX is 0.035% cheaper against StandX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.0660.0100pay 0.0013% / 1h33m 02s$673K$2.5M20x
ShortOKX HYPE-USDT-SWAP93.0220.0100get 0.0100% / 8h1h 33m$113.8M$313.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.047% → −0.012%
−$3.49
Slippage, 4 orders
−$4.53
Fee StandX: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$26.02
Costs to cover
0.225%
Break-even
never at this rate
Slippage from StandX: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago1.29 bp5.3 bp −$55.5 bp −$5513.3 bp −$1,332doesn't fit
Sell OKX live order book, 1 min ago0.05 bp6.9 bp −$79.9 bp −$9918.6 bp −$1,860doesn'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
Aftermath Perps HYPEUSD−0.0380%1h93.133+0.072%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0208%1h93.124+0.062%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.094+0.030%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0115%1h93.060−0.006%$698K$923K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.134+0.073%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.129+0.068%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0008%1h93.107+0.044%$57K$1.2M50xas long as short
dYdX HYPE-USD0.0000%1h93.124+0.062%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.070+0.004%$23K$331K10xas long as short
Aster HYPEUSDT+0.0001%4h93.055−0.012%$8.8M$36.0M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.102+0.039%$20K—150xas long as short
Bullet HYPE-USD+0.0025%1h93.057−0.010%$111K$579K20xas long as short
Bybit HYPEUSDT+0.0025%8h93.030−0.039%$323.1M$287.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0028%4h93.072+0.006%$172K$519K20xas long as short
Derive HYPE-PERP+0.0031%1h93.034−0.034%$16.2M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.106+0.043%$214K$1.2M10xas long as short
Gate HYPE_USDT+0.0040%4h93.060−0.006%$43.9M$58.1M75xas long as short
Binance HYPEUSDT+0.0077%4h93.049−0.018%$382.3M$894.1M75xas long as short
MEXC HYPE_USDT+0.0078%4h93.070+0.004%$89.9M$81.8M100xas long as short
Lighter HYPE+0.0096%1h93.133+0.072%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.111+0.048%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.142+0.081%$338K$170K20xas long as short
edgeX HYPEUSDC+0.0099%4h93.079+0.014%$5.1M$29.6M30xas long as short
Katana Perps HYPE-USD+0.0100%8h93.120+0.058%$34K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.113+0.051%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.103+0.039%$2.02B$670.6M10xas long as short
Pacifica HYPE+0.0100%1h93.170+0.112%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAPshort+0.0100%8h93.022−0.047%$113.8M$313.6M50x
Bulk HYPE-USD+0.0100%1h93.390+0.348%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.108+0.045%$47.1M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.0660.000%$225.6M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.062−0.004%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.091+0.027%$7.8M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.034−0.034%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.144+0.084%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.135+0.074%$412K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.066long leg$673K$2.5M20x
Vest HYPE-PERP+0.0100%1h93.118+0.056%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.136+0.075%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.079+0.014%$75K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.089+0.025%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.083+0.018%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.073+0.008%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.017−0.052%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.084+0.019%$396K$318K20xas long as short
Kalshi KXHYPEPERP+0.0107%8h93.224+0.170%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.180+0.122%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.070+0.004%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.057−0.010%$78K$158K15xas long as short
HTX HYPE-USDT+0.0249%4h93.228+0.174%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.177+0.119%$2.8M$6.8M20xas long as short
BloFin HYPE-USDT+0.0308%4h93.074+0.009%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h93.095+0.031%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0384%1h93.180+0.122%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.194+0.137%$20.8M$28.9M50xas long as short