Settings8H · net · $10k
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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 UTC+0.0791%/8h= +86.7% APRnext payment +$0.99 per $10,000 · paid last 24h +0.053%
Price spread now: Bullet against Arcus+0.057%7-day average +0.062% · 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−$20as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Long on ArcusShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.075%+$8 on $10k
Price spread, last 4 days (all we have)+1.198%+$120 · spread now +0.057%, 7d avg +0.062%
Together, before fees+1.273%+$127 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.075% in total (about 8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.99 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
LongArcus HYPE-USD93.118−0.0899get 0.0112% / 1h55m 55s$1.2M$3.8M10x
ShortBullet HYPE-USD93.171−0.0107pay 0.0013% / 1h55m 55s$111K$578K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Arcus. 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
$166.18
Price spread: +0.057% → +0.062%
−$0.48
Slippage, 4 orders
−$7.38
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Bullet: 4 bp × 2 orders
−$8
Net
$145.83
Costs to cover
0.199%
Break-even
0.9 days
Slippage from Arcus: live order book, 3 min ago; Bullet: live order book, 8 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 Arcus live order book, 3 min ago0.32 bp3.2 bp −$310.1 bp −$10129.8 bp −$2,983doesn't fit
Sell Bullet live order book, 8 min ago0.48 bp7.4 bp −$710.8 bp −$108doesn't fitdoesn't fit

HYPE on 54 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−0.1136%1h93.001−0.125%$195K$226K7xas long as short
Arcus HYPE-USDlong−0.0899%1h93.118long leg$1.2M$3.8M10x
Bluefin HYPE-PERP−0.0323%1h93.126+0.009%$79K$170K20xas long as short
Bullet HYPE-USDshort−0.0107%1h93.171+0.057%$111K$578K20x
01 Exchange HYPEUSD−0.0088%1h93.260+0.152%$85K$346K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.220+0.110%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0050%4h93.139+0.023%$155K$639K20xas long as short
Phemex HYPEUSDT−0.0038%8h93.176+0.062%$12.6M$2.7M50xas long as short
Aster HYPEUSDT−0.0012%4h93.126+0.009%$8.8M$35.4M300xas long as short
dYdX HYPE-USD0.0000%1h93.190+0.077%$128K$31K5xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.224+0.113%$22K$321K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.174+0.060%$25K—150xas long as short
Ondo Perps HYPE-USD.P+0.0006%1h92.990−0.137%$696K$905K10xas long as short
BingX HYPE-USDT+0.0008%4h92.988−0.140%—$53.2M—as long as short
Bybit HYPEUSDT+0.0015%8h92.981−0.147%$320.2M$275.9M75xas long as short
Aftermath Perps HYPEUSD+0.0017%1h93.247+0.138%$22K$21K10xas long as short
Gate HYPE_USDT+0.0028%4h93.091−0.029%$44.4M$54.2M75xas long as short
Phoenix HYPE+0.0060%1h93.056−0.067%$210K$1.2M10xas long as short
MEXC HYPE_USDT+0.0076%4h93.104−0.015%$87.7M$79.8M100xas long as short
Binance HYPEUSDT+0.0077%4h93.069−0.053%$378.4M$873.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0077%8h93.104−0.015%$114.3M$300.3M50xas long as short
edgeX HYPEUSDC+0.0083%4h93.256+0.148%$5.0M$30.1M30xas long as short
Lighter HYPE+0.0096%1h93.181+0.068%$16.3M$61.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.175+0.061%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.242+0.133%$68K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.301+0.197%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.240+0.131%$12K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.180+0.066%$5.7M$43.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.206+0.095%$2.04B$659.1M10xas long as short
Pacifica HYPE+0.0100%1h93.206+0.094%$10.0M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.335+0.233%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.124+0.006%$46.0M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.091−0.029%$225.2M$96.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.096−0.024%$7.3M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.170+0.055%$31.0M$54.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.215+0.105%$7.5M$46.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.222+0.112%$337K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.114−0.004%$664K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.229+0.119%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.248+0.140%$474K$2.4M20xas long as short
Derive HYPE-PERP+0.0100%1h93.135+0.019%$16.2M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.272+0.165%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.158+0.043%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.070−0.052%$18.3M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.145+0.029%$396K$170K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.220+0.110%$4.9M$5.4M50xas long as short
HTX HYPE-USDT+0.0214%4h93.350+0.249%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0256%1h93.204+0.092%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0273%8h93.333+0.231%$1.9M$4.8M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.214+0.103%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0437%1h93.255+0.147%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.352+0.252%$3.2M$6.7M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h92.900−0.234%$30K$338K12xas long as short
Kraken Futures PF_HYPEUSD+0.0686%1h93.236+0.126%$20.8M$29.9M50xas long as short