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Funding arb · Price arb /

HYPE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.23 per $10,000 · paid last 24h +0.027%
Price spread now: Pacifica against 01 Exchange+0.018%7-day average −0.014% · 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−$19as in the Price arb table
costs, in and out, $10k−$230.226% of the position
Long on 01 ExchangeShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.035%+$4 on $10k
Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.018%, 7d avg −0.014%
Together, before fees−0.085%+ Points / potential airdropPacifica: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Pacifica is 0.033% dearer against 01 Exchange than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.014%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.035% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange HYPEUSD93.769−0.0088get 0.0011% / 1h19m 26s$86K$360K20x
ShortPacifica HYPE93.7860.0100get 0.0013% / 1h19m 26s$10.2M$14.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$39.48
Price spread: +0.018% → −0.014%
$3.25
Slippage, 4 orders
−$7.55
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$20.18
Costs to cover
0.226%
Break-even
3.4 days
Slippage from 01 Exchange: live order book, 55 min ago; Pacifica: live order book, 5 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, 55 min ago0.16 bp6.9 bp −$711.0 bp −$110doesn't fitdoesn't fit
Sell Pacifica live order book, 5 min ago0.16 bp4.5 bp −$4doesn't fitdoesn'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−0.1312%1h93.756−0.014%$198K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.675−0.100%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0194%1h94.033+0.282%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0153%1h93.910+0.150%$710K$959K10xas long as short
dYdX HYPE-USD−0.0111%1h93.863+0.100%$129K$31K5xas long as short
Bullet HYPE-USD−0.0100%1h93.644−0.133%$112K$581K20xas long as short
01 Exchange HYPEUSDlong−0.0088%1h93.769long leg$86K$360K20x
Gate HYPE_USDT−0.0082%4h93.641−0.137%$44.4M$60.0M75xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.782+0.014%$3K$33125xas long as short
Bybit HYPEUSDT−0.0029%8h93.630−0.148%$321.7M$280.2M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0025%4h93.609−0.171%$159K$645K20xas long as short
Phemex HYPEUSDT−0.0008%8h93.884+0.123%$12.8M$2.6M50xas long as short
Perpl HYPE0.0000%43m93.7690.000%$23K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.683−0.091%$27K—150xas long as short
Aster HYPEUSDT+0.0007%4h93.743−0.028%$8.9M$36.1M300xas long as short
Derive HYPE-PERP+0.0017%1h93.782+0.014%$16.4M$7.3M10xas long as short
Phoenix HYPE+0.0034%1h94.149+0.405%$219K$1.2M10xas long as short
Binance HYPEUSDT+0.0045%4h93.700−0.074%$382.2M$893.2M75xas long as short
MEXC HYPE_USDT+0.0048%4h93.755−0.015%$88.3M$83.0M100xas long as short
edgeX HYPEUSDC+0.0057%4h93.961+0.205%$5.1M$30.0M30xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.629−0.149%$115.7M$316.3M50xas long as short
Bluefin HYPE-PERP+0.0089%1h93.812+0.046%$76K$171K20xas long as short
Lighter HYPE+0.0096%1h93.802+0.035%$19.1M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.796+0.029%$3.0M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.793+0.026%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.798+0.031%$399K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.794+0.027%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.800+0.033%$20K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.757−0.013%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.874+0.112%$2.05B$673.6M10xas long as short
Pacifica HYPEshort+0.0100%1h93.786+0.018%$10.2M$14.6M20x
KuCoin HYPEUSDTM+0.0100%4h93.799+0.032%$46.7M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.792+0.025%$227.4M$100.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.648−0.129%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.832+0.067%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.939+0.182%$31.4M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.991+0.237%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.940+0.182%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.838+0.074%$679K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.847+0.083%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.793+0.026%$480K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.880+0.118%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.839+0.075%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.151+0.407%$205K$2K10xas long as short
Extended HYPE-USD+0.0104%1h93.749−0.022%$18.8M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.870+0.108%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0192%4h93.962+0.206%$17.0M$12.2M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.769%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.822+0.057%$2.7M$6.8M20xas long as short
Kalshi KXHYPEPERP+0.0227%8h93.905+0.145%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.754−0.016%$79K$142K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0155%1h93.855+0.092%$1.4M—100xas long as short
HTX HYPE-USDT+0.0385%4h93.958+0.202%$1.5M$6.1M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0453%1h93.937+0.179%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.935+0.177%$21.0M$29.7M50xas long as short