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Funding arb · Price arb /

HYPE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Extended against Aevo−0.004%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$350.351% of the position
Long on AevoShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 4 days (all we have)+0.236%+$24 · spread now −0.004%, 7d avg −0.042%
Together, before fees+0.246%+ Points / potential airdropExtended: Active · farm board+$25 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: Extended is 0.039% dearer against Aevo than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo HYPE-PERP93.0260.0104pay 0.0013% / 1h8m 25s$396K$162K20x
ShortExtended HYPE-USD93.0230.0104get 0.0013% / 1h8m 25s$18.3M$42.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Aevo. 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: −0.004% → −0.042%
$3.89
Slippage, 4 orders
−$14.11
Fee Aevo: 8 bp × 2 orders
−$16
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$31.22
Costs to cover
0.351%
Break-even
never at this rate
Slippage from Aevo: live order book, 56 min ago; Extended: live order book, 6 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 Aevo live order book, 56 min ago3.81 bp15.6 bp −$1617.5 bp −$17519.9 bp −$1,986doesn't fit
Sell Extended live order book, 6 min ago0.05 bp2.7 bp −$34.5 bp −$4524.8 bp −$2,483doesn'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−0.0976%1h93.211+0.199%$197K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h92.930−0.103%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0130%1h93.080+0.058%$698K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.082+0.060%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0078%1h93.224+0.213%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0056%1h93.039+0.014%$85K$345K20xas long as short
Orderly PERP_HYPE_USDC−0.0049%4h93.042+0.017%$154K$654K20xas long as short
dYdX HYPE-USD0.0000%1h93.148+0.131%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.064+0.041%$23K$316K10xas long as short
Phemex HYPEUSDT+0.0001%8h93.163+0.147%$12.6M$2.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.093+0.072%$62K—150xas long as short
Bullet HYPE-USD+0.0004%1h93.050+0.026%$111K$579K20xas long as short
Aster HYPEUSDT+0.0022%4h93.067+0.044%$8.8M$35.9M300xas long as short
Phoenix HYPE+0.0026%1h93.210+0.198%$213K$1.2M10xas long as short
BingX HYPE-USDT+0.0036%4h93.068+0.045%—$52.9M—as long as short
Gate HYPE_USDT+0.0044%4h93.070+0.047%$44.5M$55.6M75xas long as short
Bybit HYPEUSDT+0.0048%8h93.058+0.034%$320.1M$276.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.046+0.021%$113.5M$298.5M50xas long as short
Derive HYPE-PERP+0.0086%1h93.110+0.091%$16.2M$7.5M10xas long as short
Binance HYPEUSDT+0.0095%4h93.078+0.056%$376.5M$879.9M75xas long as short
Lighter HYPE+0.0096%1h93.105+0.085%$16.2M$62.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.086+0.064%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.036+0.011%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.123+0.104%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.040+0.015%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.047+0.023%$5.8M$43.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.114+0.094%$2.03B$653.5M10xas long as short
Pacifica HYPE+0.0100%1h93.087+0.065%$10.0M$14.8M20xas long as short
MEXC HYPE_USDT+0.0100%4h93.051+0.027%$89.3M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.060+0.036%$45.8M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.037+0.012%$225.0M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.139+0.121%$7.3M$10.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.197+0.184%$31.4M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.289+0.282%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.125+0.106%$338K$998K50xas long as short
StandX HYPE-USD+0.0100%1h93.310+0.305%$667K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.109+0.089%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.084+0.062%$470K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.017−0.010%$79K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.168+0.153%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.137+0.119%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.155+0.138%$203K$10K10xas long as short
Extended HYPE-USDshort+0.0104%1h93.023−0.004%$18.3M$42.8M50x
Aevo HYPE-PERPlong+0.0104%1h93.026long leg$396K$162K20x
edgeX HYPEUSDC+0.0104%4h93.205+0.192%$5.0M$28.9M30xas long as short
HTX HYPE-USDT+0.0128%4h93.262+0.254%$1.4M$6.0M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.200+0.187%$4.8M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0259%1h93.037+0.011%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0271%8h93.193+0.179%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0156%1h93.078+0.056%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.118+0.099%$16.9M$11.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0415%1h93.233+0.222%$7.4M$4.3M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.137+0.119%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.390+0.391%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0687%1h93.188+0.174%$20.7M$29.8M50xas long as short