HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0233%/8h= +25.5% APRnext payment +$0.29 per $10,000 · paid last 24h +0.023%

Price spread now: dYdX against Arcus+0.152%7-day average +0.036% · 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−$54as in the Price arb table

costs, in and out, $10k−$660.660% of the position

Long on Arcus Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.225%−$23 · spread now +0.152%, 7d avg +0.036%

Together, before fees−0.227%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and dYdX is 0.117% dearer against Arcus than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.036%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.002% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus HYPE-USD	93.780	−0.0233	get 0.0029% / 1h	18m 39s	$1.2M	$3.8M	10x
Short	dYdX HYPE-USD	93.923	0	get 0.0000% / 1h	18m 39s	$128K	$30K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee ArcusbpFee dYdXbpOrdersPrice spread, now +0.152%Rate

Funding earned: $48.83
Price spread: +0.152% → +0.036%: $11.67
Slippage, 4 orders: −$51.52
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$5.52
Costs to cover: 0.660%
Break-even: 7.8 days

Slippage from Arcus: live order book, just now; dYdX: live order book, 60 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 Arcus live order book, just now	0.53 bp	2.9 bp −$3	8.3 bp −$83	27.8 bp −$2,777	doesn't fit
Sell dYdX live order book, 60 min ago	25.09 bp	30.1 bp −$30	72.2 bp −$722	306.1 bp −$30.6K	1561.5 bp −$780.8K

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	−0.1032%	1h	93.669	−0.119%	$198K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0403%	1h	93.712	−0.072%	$22K	$22K	10x	as long as short
Arcus HYPE-USDlong	−0.0233%	1h	93.780	long leg	$1.2M	$3.8M	10x
Hotstuff HYPE-PERP	−0.0080%	1h	93.887	+0.114%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0078%	1h	93.710	−0.075%	$704K	$913K	10x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.846	+0.070%	$86K	$368K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0001%	4h	93.930	+0.160%	$168K	$586K	20x	as long as short
dYdX HYPE-USDshort	0.0000%	1h	93.923	+0.152%	$128K	$30K	5x
Perpl HYPE	0.0000%	43m	93.869	+0.095%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.949	+0.180%	$26K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix HYPE	+0.0009%	1h	93.610	−0.181%	$216K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0019%	4h	93.929	+0.159%	$8.9M	$36.0M	300x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.862	+0.087%	$322.8M	$283.8M	75x	as long as short
Derive HYPE-PERP	+0.0030%	1h	93.878	+0.104%	$16.4M	$7.1M	10x	as long as short
MEXC HYPE_USDT	+0.0054%	4h	93.875	+0.101%	$88.7M	$82.0M	100x	as long as short
Phemex HYPEUSDT	+0.0054%	8h	93.913	+0.142%	$12.8M	$2.6M	50x	as long as short
Binance HYPEUSDT	+0.0059%	4h	93.886	+0.113%	$383.3M	$896.9M	75x	as long as short
edgeX HYPEUSDC	+0.0070%	4h	93.483	−0.316%	$5.1M	$29.7M	30x	as long as short
Gate HYPE_USDT	+0.0076%	4h	93.879	+0.106%	$44.1M	$59.8M	75x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	93.854	+0.079%	$59K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.927	+0.157%	$18.9M	$60.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.906	+0.134%	$3.0M	$12.3M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.936	+0.166%	$400K	$318K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0099%	8h	93.860	+0.085%	$115.8M	$322.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.897	+0.125%	$341K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.830	+0.053%	$26K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.895	+0.123%	$5.7M	$44.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.899	+0.126%	$10.1M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.820	+0.043%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.887	+0.114%	$46.5M	$18.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.875	+0.101%	$227.4M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.868	+0.094%	—	$54.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.963	+0.195%	$7.9M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.672	−0.115%	$31.1M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.549	−0.247%	$7.5M	$45.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.489	−0.310%	$358K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.696	−0.090%	$677K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.913	+0.142%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.924	+0.154%	$471K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.909	+0.138%	$112K	$576K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.929	+0.159%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.965	+0.197%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.928	+0.158%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.410	+0.672%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.848	+0.072%	$18.3M	$42.9M	50x	as long as short
Hyperliquid HYPE	+0.0117%	1h	93.968	+0.200%	$2.04B	$679.0M	10x	as long as short
Kalshi KXHYPEPERP	+0.0140%	8h	93.917	+0.146%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	93.980	+0.213%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0203%	4h	94.050	+0.288%	$1.5M	$7.8M	75x	as long as short
BloFin HYPE-USDT	+0.0222%	4h	93.922	+0.151%	$17.0M	$12.6M	75x	as long as short
Reya HYPERUSDPERP	+0.0249%	1h	93.906	+0.135%	$77K	$142K	15x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	93.921	+0.151%	$2.8M	$6.9M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0163%	1h	93.946	+0.177%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0346%	1h	94.019	+0.255%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0577%	1h	94.025	+0.262%	$21.0M	$29.5M	50x	as long as short