HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Polymarket Perps against Aevo+0.124%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12.5Kas in the Funding arb table

Net, price: spread back to 7d avg − costs−$12.5Kas in the Price arb table

costs, in and out, $10k−$12.5K125.262% of the position

Long on Aevo Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now +0.124%, 7d avg −0.001%

Together, before fees+0.086%+$9 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: Polymarket Perps is 0.125% dearer against Aevo than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	94.343	0.0104	pay 0.0013% / 1h	33m 09s	$399K	$153K	20x
Short	Polymarket Perps HYPE-USD	94.460	0.0100	get 0.0013% / 1h	33m 09s	$498K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Position, each leg$Hold fordaysFee AevobpFee Polymarket PerpsbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$0.84
Price spread: +0.124% → −0.001%: $12.49
Slippage, 4 orders: −$12,502.19
Fee Aevo: 8 bp × 2 orders: −$16
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$12,514.55
Costs to cover: 125.262%
Break-even: never at this rate

Slippage from Aevo: live order book, 1 min ago; Polymarket Perps: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo live order book, 1 min ago	90.27 bp	99.6 bp −$100	103.3 bp −$1,033	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	218.12 bp	1401.6 bp −$1,402	doesn't fit	doesn't fit	doesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0880%	1h	94.602	+0.274%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0618%	1h	94.287	−0.060%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0308%	1h	94.670	+0.346%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0236%	1h	94.320	−0.025%	$112K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0170%	1h	94.300	−0.046%	$704K	$1.3M	10x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.345	+0.002%	$1.0M	$3.5M	10x	as long as short
Gate HYPE_USDT	−0.0100%	4h	94.274	−0.073%	$51.3M	$55.1M	75x	as long as short
01 Exchange HYPEUSD	−0.0096%	1h	94.376	+0.035%	$89K	$365K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.377	+0.036%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0048%	1h	94.309	−0.037%	$18.9M	$35.4M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0024%	8h	94.300	−0.046%	$317.2M	$296.5M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.308	−0.037%	$147K	$681K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.395	+0.055%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.451	+0.114%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.608	+0.280%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.336	−0.007%	$123K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.654	+0.329%	$210K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.330	−0.014%	$4.7M	$6.3M	50x	as long as short
Bitget HYPEUSDT	+0.0028%	4h	94.286	−0.061%	$226.6M	$99.4M	75x	as long as short
Derive HYPE-PERP	+0.0034%	1h	94.592	+0.264%	$16.3M	$7.5M	10x	as long as short
Vest HYPE-PERP	+0.0041%	1h	94.467	+0.131%	—	$190K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0047%	8h	94.368	+0.026%	$337K	$154K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0049%	8h	94.278	−0.069%	$117.7M	$328.4M	50x	as long as short
Phemex HYPEUSDT	+0.0064%	8h	94.326	−0.018%	$12.9M	$2.9M	50x	as long as short
SoDEX HYPE-USD	+0.0068%	1h	94.330	−0.014%	$2.1M	$2.0M	10x	as long as short
Backpack HYPE_USDC_PERP	+0.0074%	1h	94.239	−0.111%	$7.5M	$10.4M	20x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	94.626	+0.300%	$5.0M	$30.9M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.328	−0.016%	$16.2M	$62.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.315	−0.030%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.356	+0.013%	$148K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.380	+0.039%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.391	+0.051%	$7.2M	$51.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.415	+0.076%	$2.08B	$686.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.315	−0.030%	$9.6M	$37.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.387	+0.046%	$10.2M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.311	−0.034%	$379.8M	$937.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.564	+0.234%	$220K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.300	−0.046%	$93.8M	$86.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.309	−0.036%	$47.1M	$19.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.300	−0.046%	—	$53.5M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.619	+0.293%	$30.0M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.643	+0.318%	$7.6M	$44.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.587	+0.258%	$345K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.634	+0.308%	$696K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USDshort	+0.0100%	1h	94.460	+0.124%	$498K	$2.8M	20x
SunX HYPE-USDT	+0.0100%	4h	94.369	+0.027%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.500	+0.166%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.294	−0.052%	$18.4M	$43.4M	50x	as long as short
Aevo HYPE-PERPlong	+0.0104%	1h	94.343	long leg	$399K	$153K	20x
RISEx HYPE/USDC	+0.0133%	1h	94.412	+0.072%	$3.1M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.876%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0237%	1h	94.428	+0.090%	$7.5M	$4.4M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.540	+0.209%	$85K	$104K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	94.382	+0.041%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.303	−0.043%	$17.2M	$12.6M	75x	as long as short