Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.008%
Price spread now: Bullet against Variational Omni+0.150%7-day average +0.041% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.006%−$1 on $10k
Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.150%, 7d avg +0.041%
Together, before fees+0.040%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bullet is 0.108% dearer against Variational Omni than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of +0.041%): +$11 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 37 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE93.8110.0100pay 0.0100% / 8h9m 13s$31.2M$54.1M—
ShortBullet HYPE-USD93.9520.0090get 0.0011% / 1h9m 13s$113K$578K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Variational Omni. 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
−$2.07
Price spread: +0.150% → +0.041%
$10.83
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bullet: 4 bp × 2 orders
−$8
Net
$0.76
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Bullet: live order book, 5 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 Variational Omni RFQ quote, 5 min ago0.42 bpdoesn't fit3.9 bp −$3913.1 bp −$1,309doesn't fit
Sell Bullet live order book, 5 min ago0.27 bp10.0 bp −$1014.3 bp −$143doesn'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−0.1280%1h93.773−0.041%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0393%1h93.880+0.073%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.783−0.030%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0111%1h93.820+0.009%$705K$917K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.927+0.123%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.894+0.088%$86K$368K20xas long as short
Orderly PERP_HYPE_USDC−0.0003%4h93.943+0.140%$170K$590K20xas long as short
dYdX HYPE-USD0.0000%1h93.941+0.139%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.934+0.131%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.976+0.175%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0009%1h93.919+0.115%$217K$1.2M10xas long as short
Derive HYPE-PERP+0.0011%1h93.894+0.088%$16.4M$7.1M10xas long as short
Aster HYPEUSDT+0.0015%4h93.941+0.138%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0021%8h93.922+0.118%$323.2M$284.0M75xas long as short
Phemex HYPEUSDT+0.0041%8h93.899+0.093%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0051%4h93.933+0.130%$384.0M$898.3M75xas long as short
MEXC HYPE_USDT+0.0054%4h93.950+0.148%$88.5M$82.2M100xas long as short
edgeX HYPEUSDC+0.0061%4h93.800−0.012%$5.1M$29.6M30xas long as short
Popdex HYPEUSDT+0.0064%1h93.892+0.086%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0072%4h93.948+0.146%$44.1M$59.9M75xas long as short
Bullet HYPE-USDshort+0.0090%1h93.952+0.150%$113K$578K20x
OKX HYPE-USDT-SWAP+0.0090%8h93.918+0.114%$115.9M$322.9M50xas long as short
Lighter HYPE+0.0096%1h93.983+0.182%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.963+0.162%$3.1M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.965+0.164%$400K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.922+0.118%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.870+0.062%$38K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.912+0.108%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.997+0.198%$2.04B$679.1M10xas long as short
Pacifica HYPE+0.0100%1h93.906+0.101%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889+0.082%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.944+0.141%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.947+0.145%$227.5M$102.3M75xas long as short
BingX HYPE-USDT+0.0100%4h93.922+0.118%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.973+0.172%$7.9M$10.4M20xas long as short
Variational Omni HYPElong+0.0100%8h93.811long leg$31.2M$54.1M—
GRVT HYPE_USDT_Perp+0.0100%4h93.855+0.046%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.859+0.051%$359K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.889+0.083%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.946+0.144%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.965+0.164%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.965+0.164%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.956+0.154%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.957+0.155%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.638%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.938+0.135%$18.3M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.010+0.212%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0155%8h94.007+0.209%$1.9M$5.0M2.3xas long as short
HTX HYPE-USDT+0.0192%4h94.100+0.308%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0206%4h93.947+0.145%$17.0M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.932+0.128%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.936+0.133%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.975+0.174%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0346%1h94.048+0.252%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.031+0.235%$21.0M$29.5M50xas long as short