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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 −0.001%
Price spread now: StandX against SunX−0.118%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$680.680% of the position
Long on SunXShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 3 days (all we have)+0.062%+$6 · spread now −0.118%, 7d avg −0.065%
Together, before fees+0.060%+ Points / potential airdropStandX: Active · farm board+$6 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: StandX is 0.053% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.065%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX HYPE-USDT94.0190.0100pay 0.0050% / 4h3m 51s$32K$1.6M20x
ShortStandX HYPE-USD93.9080.0100get 0.0013% / 1h3m 51s$679K$2.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: −0.118% → −0.065%
−$5.29
Slippage, 4 orders
−$51.98
Fee SunX: 4 bp × 2 orders
−$8
Fee StandX: 4 bp × 2 orders
−$8
Net
−$73.27
Costs to cover
0.680%
Break-even
never at this rate
Slippage from SunX: live order book, 11 min ago; StandX: live order book, 5 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, 11 min ago19.39 bp24.1 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell StandX live order book, 5 min ago1.33 bp5.3 bp −$55.6 bp −$5613.1 bp −$1,308doesn'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−0.1376%1h93.764−0.271%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0359%1h93.910−0.116%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.870−0.158%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0127%1h93.930−0.095%$704K$923K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.976−0.046%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.932−0.093%$3K$33125xas long as short
Derive HYPE-PERP−0.0007%1h93.931−0.094%$16.4M$7.2M10xas long as short
Orderly PERP_HYPE_USDC−0.0005%4h93.996−0.024%$170K$593K20xas long as short
dYdX HYPE-USD0.0000%1h93.987−0.034%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.985−0.036%$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%1h94.016−0.004%$27K—150xas long as short
Phoenix HYPE+0.0009%1h93.978−0.044%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0014%4h94.002−0.018%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h94.003−0.017%$323.6M$284.0M75xas long as short
Phemex HYPEUSDT+0.0031%8h93.972−0.050%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0046%4h94.029+0.011%$88.5M$82.3M100xas long as short
Binance HYPEUSDT+0.0047%4h94.018−0.001%$384.3M$898.4M75xas long as short
edgeX HYPEUSDC+0.0064%4h93.859−0.170%$5.1M$29.7M30xas long as short
Popdex HYPEUSDT+0.0064%1h93.980−0.041%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0066%4h94.018−0.001%$44.2M$60.0M75xas long as short
Bullet HYPE-USD+0.0083%1h93.971−0.051%$112K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0088%8h94.010−0.010%$116.0M$323.1M50xas long as short
Lighter HYPE+0.0096%1h94.044+0.026%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h94.016−0.003%$3.1M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.991−0.030%$400K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.970−0.052%$36K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.014−0.006%$341K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.986−0.036%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h94.098+0.084%$2.05B$679.9M10xas long as short
Pacifica HYPE+0.0100%1h94.005−0.015%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889−0.139%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.010−0.010%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.028+0.010%$227.8M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h94.012−0.007%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.051+0.034%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.220%$31.3M$54.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.967−0.056%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.849−0.181%$340K$1.1M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.908−0.118%$679K$2.5M20x
Vest HYPE-PERP+0.0100%1h93.987−0.034%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.010−0.010%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.001−0.019%$76K$171K20xas long as short
SunX HYPE-USDTlong+0.0100%4h94.019long leg$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.992−0.029%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.416%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h94.002−0.018%$18.3M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.060+0.044%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0155%8h93.993−0.028%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0187%4h93.859−0.170%$17.0M$12.5M75xas long as short
HTX HYPE-USDT+0.0193%4h94.150+0.139%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.978−0.044%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h94.025+0.006%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h94.015−0.004%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0377%1h94.089+0.074%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.112+0.099%$21.0M$29.5M50xas long as short