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 02:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.006%
Price spread now: Bybit against 01 Exchange+0.027%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$250.252% of the position
Long on 01 ExchangeShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.010%+$1 on $10k
Price spread, last 4 days (all we have)−0.095%−$10 · spread now +0.027%, 7d avg −0.054%
Together, before fees−0.085%−$8 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 Bybit is 0.081% dearer against 01 Exchange than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange HYPEUSD93.025−0.0096get 0.0012% / 1h55m 19s$84K$360K20x
ShortBybit HYPEUSDT93.0500.0024get 0.0024% / 8h6h 55m$319.2M$280.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against 01 Exchange. 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
$25.18
Price spread: +0.027% → −0.054%
$8.12
Slippage, 4 orders
−$7.18
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$8.12
Costs to cover
0.252%
Break-even
4.7 days
Slippage from 01 Exchange: live order book, 14 min ago; Bybit: live order book, 4 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 01 Exchange live order book, 14 min ago0.16 bp7.0 bp −$711.4 bp −$114doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago0.54 bp6.0 bp −$68.4 bp −$8416.7 bp −$1,67237.9 bp −$19.0K

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−0.1072%1h93.061+0.039%$196K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h92.907−0.127%$1.2M$3.9M10xas long as short
ApeX Omni HYPEUSDT−0.0434%1h93.179+0.166%$337K$1.1M50xas long as short
Backpack HYPE_USDC_PERP−0.0203%1h92.991−0.037%$7.8M$10.6M20xas long as short
Aftermath Perps HYPEUSD−0.0185%1h93.379+0.381%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0148%1h92.990−0.038%$702K$961K10xas long as short
01 Exchange HYPEUSDlong−0.0096%1h93.025long leg$84K$360K20x
Gate HYPE_USDT−0.0096%4h93.037+0.013%$44.0M$53.5M75xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.064+0.042%$3K$33125xas long as short
Bluefin HYPE-PERP−0.0058%1h93.034+0.010%$79K$173K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0045%4h93.018−0.008%$158K$648K20xas long as short
Aster HYPEUSDT−0.0031%4h93.044+0.020%$8.9M$36.2M300xas long as short
dYdX HYPE-USD0.0000%1h93.099+0.079%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.004−0.022%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.080+0.059%$25K—150xas long as short
BingX HYPE-USDT+0.0016%4h93.040+0.016%—$54.1M—as long as short
Bybit HYPEUSDTshort+0.0024%8h93.050+0.027%$319.2M$280.9M75x
Derive HYPE-PERP+0.0029%1h93.013−0.013%$16.2M$7.6M10xas long as short
Phoenix HYPE+0.0034%1h93.318+0.315%$212K$1.2M10xas long as short
Binance HYPEUSDT+0.0036%4h93.067+0.045%$378.5M$901.9M75xas long as short
Bullet HYPE-USD+0.0040%1h93.057+0.034%$112K$579K20xas long as short
MEXC HYPE_USDT+0.0040%4h93.027+0.002%$85.7M$81.4M100xas long as short
edgeX HYPEUSDC+0.0059%4h93.202+0.190%$5.0M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0067%8h93.075+0.054%$114.8M$313.7M50xas long as short
Phemex HYPEUSDT+0.0079%8h93.112+0.094%$12.6M$2.7M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.073+0.052%$396K$177K20xas long as short
Lighter HYPE+0.0096%1h93.0250.000%$18.6M$58.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.029+0.004%$3.0M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.027+0.002%$64K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.077+0.056%$338K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.030+0.005%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.032+0.008%$6.5M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.067+0.045%$2.02B$673.2M10xas long as short
Pacifica HYPE+0.0100%1h93.059+0.037%$10.0M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.018−0.008%$45.8M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.090+0.070%$225.3M$100.8M75xas long as short
Variational Omni HYPE+0.0100%8h92.991−0.037%$30.4M$54.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.196+0.184%$7.5M$46.3M10xas long as short
StandX HYPE-USD+0.0100%1h93.280+0.274%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.086+0.066%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.048+0.025%$473K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.127+0.110%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.066+0.044%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.250+0.242%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.002−0.025%$18.3M$44.7M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.100+0.081%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h92.930−0.102%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0168%4h93.171+0.157%$17.0M$12.0M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.050+0.027%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0252%8h93.203+0.191%$1.9M$5.2M2.3xas long as short
Reya HYPERUSDPERP+0.0253%1h93.020−0.005%$79K$143K15xas long as short
HTX HYPE-USDT+0.0321%4h93.251+0.243%$1.5M$6.1M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.065+0.043%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0599%1h93.180+0.167%$7.4M$4.7M50xas long as short
Kraken Futures PF_HYPEUSD+0.0685%1h93.143+0.126%$20.8M$29.9M50xas long as short