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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 04:00 UTC+0.0118%/8h= +13.0% APRpaid last 24h +0.040%
Price spread now: HTX against Variational Omni+0.555%7-day average +0.071% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on HTX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.040%+$4 on $10k
Price spread, last 3 days (all we have)−0.527%−$53 · spread now +0.555%, 7d avg +0.071%
Together, before fees−0.487%+ Points / potential airdropVariational Omni: Active · farm board−$49 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and HTX is 0.484% dearer against Variational Omni than usual: you sell high and buy low: +$48 more if the spread goes back to its 7-day average of +0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE93.6100.0100pay 0.0100% / 8h6h 27m$31.0M$54.8M—
ShortHTX HYPE-USDT94.1300.0218get 0.0109% / 4h2h 27m$1.4M$5.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$24.87
Price spread: +0.555% → +0.071%
$48.36
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
$61.23
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; HTX: live order book, 2 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, 2 min ago0.44 bpdoesn't fit7.3 bp −$7318.4 bp −$1,840doesn't fit
Sell HTX live order book, 2 min ago0.27 bp9.5 bp −$913.8 bp −$13849.4 bp −$4,940doesn't fit

HYPE on 54 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−0.0920%1h93.818+0.221%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.807+0.210%$1.2M$3.8M10xas long as short
Phemex HYPEUSDT−0.0156%8h93.853+0.259%$12.7M$2.7M50xas long as short
Aftermath Perps HYPEUSD−0.0140%1h93.712+0.108%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0083%1h93.910+0.320%$701K$938K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.973+0.387%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.869+0.276%$157K$648K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.919+0.330%$85K$350K20xas long as short
Backpack HYPE_USDC_PERP−0.0045%1h93.914+0.324%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0036%4h93.919+0.330%$44.5M$54.9M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0002%4h93.897+0.306%—$53.7M—as long as short
Aster HYPEUSDT0.0000%4h93.951+0.364%$8.9M$35.9M300xas long as short
dYdX HYPE-USD0.0000%1h93.946+0.358%$129K$31K5xas long as short
Bybit HYPEUSDT0.0000%8h93.837+0.242%$322.3M$281.2M75xas long as short
Perpl HYPE0.0000%43m93.929+0.340%$22K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.910+0.320%$26K—150xas long as short
Phoenix HYPE+0.0060%1h93.904+0.314%$211K$1.2M10xas long as short
MEXC HYPE_USDT+0.0064%4h93.911+0.321%$88.0M$82.8M100xas long as short
Bullet HYPE-USD+0.0064%1h93.922+0.333%$112K$578K20xas long as short
Binance HYPEUSDT+0.0068%4h93.859+0.266%$382.0M$894.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0068%8h93.846+0.252%$115.4M$309.2M50xas long as short
edgeX HYPEUSDC+0.0071%4h93.800+0.203%$5.1M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h94.013+0.430%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.887+0.295%$16.4M$62.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.878+0.286%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.903+0.312%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.891+0.300%$399K$177K20xas long as short
Derive HYPE-PERP+0.0100%1h93.843+0.249%$16.3M$7.7M10xas long as short
Katana Perps HYPE-USD+0.0100%8h93.890+0.299%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.963+0.377%$5.8M$45.1M10xas long as short
Hyperliquid HYPE+0.0100%1h94.026+0.444%$2.05B$672.2M10xas long as short
Pacifica HYPE+0.0100%1h93.988+0.404%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.939+0.351%$46.5M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.869+0.276%$227.1M$98.6M75xas long as short
Variational Omni HYPElong+0.0100%8h93.610long leg$31.0M$54.8M—
GRVT HYPE_USDT_Perp+0.0100%4h93.824+0.228%$7.6M$47.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.834+0.239%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.837+0.242%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.972+0.386%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.958+0.371%$474K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.829+0.233%$79K$172K20xas long as short
SunX HYPE-USDT+0.0100%4h93.969+0.383%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.859+0.265%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.348−0.281%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.833+0.238%$18.3M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.960+0.373%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.920+0.331%$31K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.978+0.392%$3.2M$7.0M20xas long as short
HTX HYPE-USDTshort+0.0218%4h94.130+0.555%$1.4M$5.9M75x
Reya HYPERUSDPERP+0.0255%1h93.901+0.311%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0272%8h93.955+0.368%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.921+0.332%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0357%1h93.959+0.372%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0679%1h93.949+0.362%$21.0M$29.8M50xas long as short