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 22:46 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.020%
Price spread now: Perpl against Variational Omni+0.205%7-day average +0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Perpl
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.069%−$7 on $10k
Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.205%, 7d avg +0.031%
Together, before fees−0.091%+ Points / potential airdropVariational Omni: Active · Perpl: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.175% dearer against Variational Omni than usual: you sell high and buy low (spread +0.205% now, against its 7-day average of +0.031%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE93.5520.0100pay 0.0100% / 8h59m 29s$30.9M$51.8M—
ShortPerpl HYPE93.7450get 0.0000% / 43m12m 29s$23K$330K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl against Variational Omni. 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
−$21
Price spread: +0.205% → +0.031%
$17.46
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$17.34
Costs to cover
0.138%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Perpl: no order-book sample. 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 ago0.44 bpdoesn't fit2.5 bp −$2521.3 bp −$2,133doesn't fit
Sell Perpl no order-book sample—————
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0489%1h93.552−0.001%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0464%1h93.565+0.013%$198K$228K7xas long as short
Arcus HYPE-USD−0.0233%1h93.659+0.114%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.776+0.239%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.819+0.285%$128K$32K5xas long as short
Perpl HYPEshort0.0000%43m93.745+0.205%$23K$330K10x
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.780+0.243%$28K—150xas long as short
Orderly PERP_HYPE_USDC+0.0014%4h93.761+0.223%$176K$524K20xas long as short
Bybit HYPEUSDT+0.0019%8h93.750+0.211%$324.2M$280.4M75xas long as short
Aster HYPEUSDT+0.0020%4h93.758+0.220%$8.9M$35.7M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0034%1h93.753+0.214%$215K$1.2M10xas long as short
01 Exchange HYPEUSD+0.0040%1h93.790+0.254%$91K$355K20xas long as short
Derive HYPE-PERP+0.0061%1h93.713+0.172%$16.3M$6.9M10xas long as short
MEXC HYPE_USDT+0.0062%4h93.757+0.219%$90.7M$80.2M100xas long as short
Gate HYPE_USDT+0.0066%4h93.749+0.210%$44.2M$57.6M75xas long as short
Binance HYPEUSDT+0.0067%4h93.765+0.227%$384.9M$885.0M75xas long as short
edgeX HYPEUSDC+0.0071%4h93.562+0.010%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0083%8h93.708+0.166%$12.8M$2.6M50xas long as short
Ondo Perps HYPE-USD.P+0.0084%1h93.690+0.147%$701K$901K10xas long as short
Lighter HYPE+0.0096%1h93.841+0.309%$18.7M$58.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.787+0.251%$3.0M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.749+0.210%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.750+0.211%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.769+0.232%$341K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.730+0.190%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.769+0.232%$5.9M$44.1M10xas long as short
Pacifica HYPE+0.0100%1h93.790+0.254%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.757+0.219%$114.7M$313.4M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.770+0.233%$47.2M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.749+0.210%$227.3M$102.3M75xas long as short
BingX HYPE-USDT+0.0100%4h93.744+0.205%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.805+0.270%$7.9M$10.5M20xas long as short
Variational Omni HYPElong+0.0100%8h93.552long leg$30.9M$51.8M—
GRVT HYPE_USDT_Perp+0.0100%4h93.616+0.068%$7.5M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.565+0.013%$416K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.677+0.133%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.756+0.218%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.772+0.235%$496K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.753+0.215%$112K$577K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.764+0.226%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.794+0.258%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.765+0.227%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680+0.136%$205K$7K10xas long as short
Extended HYPE-USD+0.0104%1h93.716+0.175%$18.3M$41.6M50xas long as short
Kalshi KXHYPEPERP+0.0118%8h93.809+0.274%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.830+0.297%$4.9M$5.7M50xas long as short
Hyperliquid HYPE+0.0219%1h93.825+0.291%$2.04B$666.2M10xas long as short
HTX HYPE-USDT+0.0219%4h93.947+0.422%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.770+0.233%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0248%1h93.740+0.201%$77K$155K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0251%1h93.859+0.328%$7.4M$4.5M50xas long as short
BloFin HYPE-USDT+0.0259%4h93.600+0.051%$16.9M$12.3M75xas long as short
RISEx HYPE/USDC+0.0284%1h93.796+0.260%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.752+0.214%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0463%1h93.889+0.359%$21.0M$28.9M50xas long as short