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

HYPE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0977%/8h= +107.0% APRpaid last 24h +0.103%
Price spread now: HTX against Arcus+0.308%7-day average +0.083% · 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−$6as in the Price arb table
costs, in and out, $10k−$290.285% of the position
Long on ArcusShort on HTX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.129%+$13 on $10k
Price spread, last 3 days (all we have)−0.328%−$33 · spread now +0.308%, 7d avg +0.083%
Together, before fees−0.199%−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and HTX is 0.225% dearer against Arcus than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.083%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.129% in total (about 13.5% a year). A funding rate is set anew for every payment. 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-USD93.612−0.0786get 0.0098% / 1h15m 19s$1.2M$3.8M10x
ShortHTX HYPE-USDT93.9000.0191get 0.0095% / 4h2h 15m$1.4M$5.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$205.2
Price spread: +0.308% → +0.083%
$22.48
Slippage, 4 orders
−$12.05
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee HTX: 6 bp × 2 orders
−$12
Net
$199.14
Costs to cover
0.285%
Break-even
0.2 days
Slippage from Arcus: live order book, 4 min ago; HTX: live order book, 4 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, 4 min ago0.53 bp3.3 bp −$38.3 bp −$8326.8 bp −$2,675doesn't fit
Sell HTX live order book, 4 min ago1.22 bp11.6 bp −$1215.1 bp −$15153.3 bp −$5,326doesn'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−0.1056%1h93.599−0.013%$197K$229K7xas long as short
Arcus HYPE-USDlong−0.0786%1h93.612long leg$1.2M$3.8M10x
Phemex HYPEUSDT−0.0124%8h93.726+0.122%$12.7M$2.7M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.733+0.129%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0076%1h93.771+0.170%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0071%1h93.650+0.041%$701K$921K10xas long as short
Orderly PERP_HYPE_USDC−0.0057%4h93.694+0.088%$156K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.708+0.103%$85K$349K20xas long as short
Backpack HYPE_USDC_PERP−0.0028%1h93.714+0.109%$7.7M$10.3M20xas long as short
Gate HYPE_USDT−0.0008%4h93.716+0.111%$44.4M$55.2M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0002%4h93.742+0.139%$8.9M$35.8M300xas long as short
dYdX HYPE-USD0.0000%1h93.751+0.148%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.707+0.102%$22K$325K10xas long as short
BingX HYPE-USDT+0.0002%4h93.722+0.118%—$53.6M—as long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.742+0.139%$26K—150xas long as short
Bybit HYPEUSDT+0.0010%8h93.710+0.105%$321.7M$279.9M75xas long as short
Phoenix HYPE+0.0060%1h93.766+0.165%$213K$1.2M10xas long as short
MEXC HYPE_USDT+0.0068%4h93.721+0.116%$89.0M$83.3M100xas long as short
Binance HYPEUSDT+0.0070%4h93.722+0.118%$381.5M$889.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0071%8h93.730+0.126%$115.3M$307.6M50xas long as short
Bullet HYPE-USD+0.0071%1h93.722+0.117%$111K$577K20xas long as short
edgeX HYPEUSDC+0.0085%4h93.690+0.083%$5.1M$30.0M30xas long as short
Lighter HYPE+0.0096%1h93.755+0.153%$16.4M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.737+0.134%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.692+0.085%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.717+0.113%$399K$175K20xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.846+0.249%$341K$164K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.710+0.105%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.724+0.120%$5.7M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.819+0.221%$2.05B$666.2M10xas long as short
Pacifica HYPE+0.0100%1h93.750+0.147%$10.1M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.760+0.158%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.741+0.138%$46.4M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.726+0.122%$227.0M$98.2M75xas long as short
Variational Omni HYPE+0.0100%8h93.718+0.113%$31.2M$54.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.737+0.133%$7.6M$47.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.706+0.100%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.802+0.203%$669K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.769+0.167%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.758+0.156%$476K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.692+0.085%$79K$170K20xas long as short
Derive HYPE-PERP+0.0100%1h93.699+0.093%$16.3M$7.7M10xas long as short
SunX HYPE-USDT+0.0100%4h93.825+0.228%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.722+0.118%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.702+0.096%$18.3M$44.0M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.800+0.201%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.670+0.062%$30K$339K12xas long as short
HTX HYPE-USDTshort+0.0191%4h93.900+0.308%$1.4M$5.9M75x
RISEx HYPE/USDC+0.0210%1h93.794+0.195%$3.2M$7.0M20xas long as short
Reya HYPERUSDPERP+0.0255%1h93.724+0.120%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0280%8h93.796+0.197%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.745+0.142%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0358%1h93.816+0.218%$7.4M$4.4M50xas long as short
Kraken Futures PF_HYPEUSD+0.0680%1h93.817+0.219%$21.0M$29.8M50xas long as short