Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC+0.0307%/8h= +33.6% APRnext payment +$0.38 per $10,000 · paid last 24h +0.032%
Price spread now: Coinbase International against Arcus+0.220%7-day average +0.005% · 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−$2as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Long on ArcusShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.076%−$8 on $10k
Price spread, last 3 days (all we have)−0.278%−$28 · spread now +0.220%, 7d avg +0.005%
Together, before fees−0.354%−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.215% dearer against Arcus than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.005%. Mind the row above: over the last 3 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.076% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 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-USD93.205−0.0131get 0.0016% / 1h13m 46s$1.2M$4.0M10x
ShortCoinbase International HYPE-PERP-INTX93.4100.0176get 0.0022% / 1h13m 46s$4.9M$5.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$64.45
Price spread: +0.220% → +0.005%
$21.51
Slippage, 4 orders
−$9.41
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$62.05
Costs to cover
0.239%
Break-even
0.3 days
Slippage from Arcus: live order book, just now; Coinbase International: 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 Arcus live order book, just now0.38 bp3.1 bp −$35.9 bp −$5923.7 bp −$2,373doesn't fit
Sell Coinbase International live order book, 5 min ago3.21 bp8.6 bp −$914.1 bp −$14135.8 bp −$3,583doesn'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
Aftermath Perps HYPEUSD−0.0441%1h93.211+0.007%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0352%1h93.222+0.019%$197K$230K7xas long as short
Arcus HYPE-USDlong−0.0131%1h93.205long leg$1.2M$4.0M10x
Ondo Perps HYPE-USD.P−0.0123%1h93.210+0.005%$699K$932K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.272+0.072%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0032%1h93.292+0.093%$90K$361K20xas long as short
dYdX HYPE-USD0.0000%1h93.278+0.078%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.260+0.059%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.251+0.050%$23K$330K10xas long as short
Aster HYPEUSDT+0.0001%4h93.377+0.185%$8.9M$35.9M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.336+0.141%$27K—150xas long as short
Orderly PERP_HYPE_USDC+0.0020%4h93.329+0.133%$172K$517K20xas long as short
Bybit HYPEUSDT+0.0023%8h93.358+0.164%$323.4M$285.5M75xas long as short
Phoenix HYPE+0.0034%1h93.249+0.047%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0035%1h93.304+0.106%$112K$578K20xas long as short
Derive HYPE-PERP+0.0047%1h93.269+0.069%$16.3M$7.0M10xas long as short
Gate HYPE_USDT+0.0064%4h93.387+0.195%$44.0M$58.7M75xas long as short
MEXC HYPE_USDT+0.0064%4h93.381+0.189%$90.3M$82.3M100xas long as short
Binance HYPEUSDT+0.0065%4h93.383+0.191%$382.3M$894.7M75xas long as short
edgeX HYPEUSDC+0.0085%4h93.171−0.036%$5.1M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.415+0.225%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.397+0.206%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.331+0.135%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.282+0.082%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.240+0.038%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.255+0.054%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.401+0.210%$2.03B$669.5M10xas long as short
Pacifica HYPE+0.0100%1h93.293+0.094%$10.0M$14.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.355+0.161%$114.3M$314.1M50xas long as short
Bulk HYPE-USD+0.0100%1h93.232+0.029%$204K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.398+0.207%$47.0M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.369+0.176%$226.4M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.374+0.181%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.400+0.209%$7.9M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.203−0.002%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.199−0.006%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.153−0.056%$414K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.206+0.001%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.284+0.085%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.293+0.094%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.336+0.141%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.353+0.159%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.354+0.160%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.331+0.135%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.367+0.174%$18.2M$41.7M50xas long as short
Kalshi KXHYPEPERP+0.0117%8h93.425+0.236%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTXshort+0.0176%1h93.410+0.220%$4.9M$5.7M50x
HTX HYPE-USDT+0.0231%4h93.500+0.317%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.140−0.070%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.257+0.056%$77K$159K15xas long as short
BloFin HYPE-USDT+0.0260%4h93.211+0.006%$16.8M$12.4M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.325+0.129%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.313+0.116%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0435%1h93.459+0.273%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.493+0.309%$20.9M$29.0M50xas long as short