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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 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: BingX against Vest−0.045%51s7-day average −0.012% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on VestShort on BingX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.066%+$7 on $10k
Price spread, last 3 days (all we have)−0.109%−$11 · spread now −0.045%, 7d avg −0.012%
Together, before fees−0.043%+ Points / potential airdropVest: Active · farm board−$4 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: BingX is 0.033% cheaper against Vest than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP93.8790.0100pay 0.0013% / 1h5m 39s—$454K5x
ShortBingX HYPE-USDT93.8370.0100get 0.0050% / 4h5m 39s—$54.2M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Vest. 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: −0.045% → −0.012%
−$3.33
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee BingX: 5 bp × 2 orders
−$10
Net
−$15.33
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; BingX: live order book, 8 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 Vest no order-book sample—————
Sell BingX live order book, 8 min ago0.11 bp5.1 bp −$57.9 bp −$7911.5 bp −$1,15315.7 bp −$7,847
Vest: 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
Hibachi HYPE/USDT-P−0.1320%1h93.960+0.086%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0367%1h93.902+0.024%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.732−0.157%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0126%1h93.760−0.127%$704K$919K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.817−0.066%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.842−0.040%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0004%4h93.837−0.045%$170K$593K20xas long as short
dYdX HYPE-USD0.0000%1h93.866−0.015%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.859−0.022%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.865−0.015%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0003%1h93.775−0.111%$16.4M$7.2M10xas long as short
Phoenix HYPE+0.0009%1h93.978+0.105%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0014%4h93.860−0.020%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.840−0.042%$322.9M$283.8M75xas long as short
Phemex HYPEUSDT+0.0037%8h93.889+0.010%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0047%4h93.824−0.059%$383.5M$898.3M75xas long as short
MEXC HYPE_USDT+0.0048%4h93.840−0.042%$88.2M$82.3M100xas long as short
Popdex HYPEUSDT+0.0064%1h93.851−0.030%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0066%4h93.834−0.048%$44.1M$60.0M75xas long as short
edgeX HYPEUSDC+0.0070%4h93.898+0.020%$5.1M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0088%8h93.838−0.044%$115.8M$322.4M50xas long as short
Bullet HYPE-USD+0.0089%1h93.824−0.059%$112K$578K20xas long as short
Lighter HYPE+0.0096%1h93.882+0.003%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.858−0.023%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.830−0.053%$399K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.820−0.063%$36K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.874−0.006%$341K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.849−0.033%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.947+0.072%$2.04B$679.7M10xas long as short
Pacifica HYPE+0.0100%1h93.850−0.031%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889+0.010%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.842−0.040%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.843−0.039%$227.3M$102.1M75xas long as short
BingX HYPE-USDTshort+0.0100%4h93.837−0.045%—$54.2M—
Backpack HYPE_USDC_PERP+0.0100%1h93.869−0.011%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.071%$31.3M$54.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.967+0.093%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.874−0.006%$364K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.906+0.028%$679K$2.5M20xas long as short
Vest HYPE-PERPlong+0.0100%1h93.879long leg—$454K5x
Polymarket Perps HYPE-USD+0.0100%1h93.867−0.013%$471K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.827−0.056%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.873−0.007%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.828−0.055%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.565%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.807−0.077%$18.3M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.940+0.065%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0156%8h93.902+0.024%$1.9M$5.0M2.3xas long as short
HTX HYPE-USDT+0.0192%4h94.011+0.140%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0210%4h93.870−0.010%$17.0M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.819−0.065%$77K$142K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0283%1h93.935+0.059%$7.5M$4.6M50xas long as short
RISEx HYPE/USDC+0.0284%1h93.8790.000%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.861−0.019%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0578%1h93.949+0.074%$21.0M$29.5M50xas long as short