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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 06:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.022%
Price spread now: Vest against 01 Exchange−0.072%7-day average −0.025% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on 01 ExchangeShort on Vest
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.081%−$8 on $10k
Price spread, last 4 days (all we have)+0.175%+$18 · spread now −0.072%, 7d avg −0.025%
Together, before fees+0.094%+ Points / potential airdropVest: Active · farm board+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Vest is 0.047% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.025%). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange HYPEUSD93.7910get 0.0000% / 1h20m 54s$88K$365K20x
ShortVest HYPE-PERP93.7230.0100get 0.0013% / 1h20m 54s—$243K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
$21
Price spread: −0.072% → −0.025%
−$4.72
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Vest: 1 bp × 2 orders
−$2
Net
$7.28
Costs to cover
0.090%
Break-even
4.6 days
Slippage unknown: 01 Exchange: live order book, 28 min ago; Vest: 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 01 Exchange live order book, 28 min ago0.37 bp6.8 bp −$714.5 bp −$145doesn't fitdoesn't fit
Sell Vest no order-book sample—————
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−0.1392%1h93.393−0.425%$197K$238K7xas long as short
Aftermath Perps HYPEUSD−0.0396%1h93.328−0.493%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.513−0.296%$3K$33125xas long as short
Bullet HYPE-USD−0.0049%1h93.749−0.045%$111K$581K20xas long as short
Orderly PERP_HYPE_USDC−0.0019%4h93.684−0.114%$146K$672K20xas long as short
dYdX HYPE-USD0.0000%1h93.560−0.246%$128K$29K5xas long as short
01 Exchange HYPEUSDlong0.0000%1h93.791long leg$88K$365K20x
Perpl HYPE0.0000%43m93.772−0.021%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.760−0.033%$62K—150xas long as short
Arcus HYPE-USD+0.0011%1h93.637−0.164%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0012%4h93.897+0.113%$226.6M$99.0M75xas long as short
Bybit HYPEUSDT+0.0018%8h93.870+0.084%$318.7M$282.6M75xas long as short
Phoenix HYPE+0.0026%1h93.624−0.178%$208K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0032%1h93.620−0.182%$704K$1.2M10xas long as short
Phemex HYPEUSDT+0.0046%8h93.732−0.063%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0094%4h93.211−0.618%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.566−0.240%$340K$157K20xas long as short
Lighter HYPE+0.0096%1h93.725−0.070%$16.2M$63.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.741−0.053%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.758−0.035%$73K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.690−0.108%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.731−0.065%$8.0M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.810+0.020%$2.04B$667.5M10xas long as short
Aster HYPEUSDT+0.0100%4h93.771−0.021%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.590−0.214%$10.1M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.849+0.061%$376.3M$914.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.919+0.136%$115.4M$312.7M50xas long as short
Bulk HYPE-USD+0.0100%1h93.358−0.462%$216K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.792+0.001%$47.3M$54.5M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.919+0.136%$90.6M$81.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.905+0.122%$46.4M$18.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.789−0.002%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.778−0.014%$7.2M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.699−0.099%$28.6M$56.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.275−0.550%$7.5M$47.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.227−0.601%$342K$997K50xas long as short
StandX HYPE-USD+0.0100%1h93.427−0.388%$668K$2.8M20xas long as short
Vest HYPE-PERPshort+0.0100%1h93.723−0.072%—$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.730−0.065%$486K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.721−0.075%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.698−0.099%$16.2M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.593−0.211%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.717−0.079%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.849+0.062%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.891+0.107%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.716−0.080%$396K$158K20xas long as short
Kalshi KXHYPEPERP+0.0113%8h93.680−0.118%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.620−0.182%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.800+0.010%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.767−0.026%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.765−0.028%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0340%1h93.796+0.005%$20.9M$29.4M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.730−0.065%$16.8M$12.0M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0486%1h93.802+0.012%$7.5M$4.1M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.742−0.053%$3.2M$6.2M20xas long as short