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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 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: ApeX Omni against SunX−0.014%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$780.780% of the position
Long on SunXShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%−$1 on $10k
Price spread, last 3 days (all we have)−0.123%−$12 · spread now −0.014%, 7d avg −0.071%
Together, before fees−0.128%−$13 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: ApeX Omni is 0.057% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX HYPE-USDT93.8620.0100pay 0.0050% / 4h5m 20s$32K$1.6M20x
ShortApeX Omni HYPEUSDT93.8490.0100get 0.0013% / 1h5m 20s$340K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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: −0.014% → −0.071%
$5.67
Slippage, 4 orders
−$60.03
Fee SunX: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$72.35
Costs to cover
0.780%
Break-even
never at this rate
Slippage from SunX: live order book, 10 min ago; ApeX Omni: 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 SunX live order book, 10 min ago19.39 bp24.1 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 4 min ago4.42 bp11.3 bp −$1113.8 bp −$138doesn'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−0.1360%1h93.771−0.097%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0367%1h93.895+0.035%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.732−0.139%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0126%1h93.760−0.109%$704K$919K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.817−0.048%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.842−0.021%$3K$33125xas long as short
Derive HYPE-PERP−0.0010%1h93.784−0.083%$16.4M$7.2M10xas long as short
Orderly PERP_HYPE_USDC−0.0004%4h93.844−0.019%$170K$593K20xas long as short
dYdX HYPE-USD0.0000%1h93.866+0.004%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.854−0.008%$23K$329K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.864+0.002%$27K—150xas long as short
Phoenix HYPE+0.0009%1h93.978+0.124%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0014%4h93.832−0.032%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.830−0.034%$322.8M$283.8M75xas long as short
Phemex HYPEUSDT+0.0038%8h93.826−0.038%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0047%4h93.838−0.026%$383.6M$898.2M75xas long as short
MEXC HYPE_USDT+0.0048%4h93.830−0.034%$88.2M$82.3M100xas long as short
Popdex HYPEUSDT+0.0056%1h93.830−0.034%$60K$1.2M50xas long as short
edgeX HYPEUSDC+0.0064%4h93.859−0.003%$5.1M$29.7M30xas long as short
Gate HYPE_USDT+0.0066%4h93.832−0.032%$44.1M$60.0M75xas long as short
Bullet HYPE-USD+0.0087%1h93.827−0.037%$112K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0088%8h93.837−0.027%$115.7M$322.4M50xas long as short
Lighter HYPE+0.0096%1h93.916+0.058%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.858−0.004%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.865+0.003%$399K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.820−0.045%$36K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.874+0.013%$341K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.838−0.025%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.931+0.074%$2.04B$679.7M10xas long as short
Pacifica HYPE+0.0100%1h93.850−0.013%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889+0.029%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.837−0.027%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.855−0.007%$227.3M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.837−0.027%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.869+0.007%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.053%$31.3M$54.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.967+0.112%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.849−0.014%$340K$1.1M50x
StandX HYPE-USD+0.0100%1h93.908+0.049%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.866+0.005%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.853−0.010%$470K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.864+0.002%$76K$171K20xas long as short
SunX HYPE-USDTlong+0.0100%4h93.862long leg$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.861−0.001%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.584%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.834−0.030%$18.3M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.940+0.083%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0156%8h93.911+0.052%$1.9M$5.0M2.3xas long as short
BloFin HYPE-USDT+0.0187%4h93.859−0.003%$17.0M$12.5M75xas long as short
HTX HYPE-USDT+0.0192%4h94.012+0.160%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.822−0.043%$77K$142K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0261%1h93.954+0.098%$7.5M$4.6M50xas long as short
RISEx HYPE/USDC+0.0284%1h93.879+0.018%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.856−0.006%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h93.980+0.126%$21.0M$29.5M50xas long as short