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 07:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.075%
Price spread now: OKX against Arcus+0.005%7-day average +0.008% · 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−$190.195% of the position
Long on ArcusShort on OKX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.102%+$10 on $10k
Price spread, last 7 days+0.042%+$4 · spread now +0.005%, 7d avg +0.008%
Together, before fees+0.144%+$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus HYPE-USD93.6090.0084pay 0.0010% / 1h47m 26s$1.0M$4.0M10x
ShortOKX HYPE-USDT-SWAP93.6140.0100get 0.0100% / 8h1h 47m$115.7M$316.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$3.39
Price spread: +0.005% → +0.008%
−$0.23
Slippage, 4 orders
−$5
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee OKX: 5 bp × 2 orders
−$10
Net
−$16.34
Costs to cover
0.195%
Break-even
40.7 days
Slippage from Arcus: live order book, 1 min ago; OKX: live order book, 2 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, 1 min ago0.05 bp4.5 bp −$55.5 bp −$5518.4 bp −$1,845doesn't fit
Sell OKX live order book, 2 min ago0.05 bp6.4 bp −$68.5 bp −$8518.3 bp −$1,833doesn'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
Hibachi HYPE/USDT-P−0.1104%1h93.558−0.054%$198K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0245%1h93.775+0.177%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0128%1h93.610+0.001%$706K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.621+0.013%$3K$33125xas long as short
Bullet HYPE-USD−0.0068%1h93.624+0.016%$111K$580K20xas long as short
01 Exchange HYPEUSD−0.0064%1h93.678+0.074%$86K$370K20xas long as short
Bluefin HYPE-PERP−0.0035%1h93.612+0.003%$79K$156K20xas long as short
Orderly PERP_HYPE_USDC−0.0020%4h93.597−0.013%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.698+0.095%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.671+0.067%$21K$287K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.654+0.048%$63K—150xas long as short
BingX HYPE-USDT+0.0006%4h93.623+0.015%—$53.7M—as long as short
Bybit HYPEUSDT+0.0009%8h93.620+0.012%$316.2M$287.9M75xas long as short
Phoenix HYPE+0.0017%1h93.687+0.083%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.645+0.038%$225.5M$99.5M75xas long as short
Phemex HYPEUSDT+0.0074%8h93.656+0.050%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0082%4h93.648+0.041%$5.0M$30.6M30xas long as short
Paradex HYPE-USD-PERP+0.0083%8h93.705+0.103%$335K$161K20xas long as short
Arcus HYPE-USDlong+0.0084%1h93.609long leg$1.0M$4.0M10x
Derive HYPE-PERP+0.0092%1h93.587−0.024%$16.3M$7.4M10xas long as short
Lighter HYPE+0.0096%1h93.681+0.077%$16.2M$63.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.681+0.077%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.654+0.048%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.660+0.054%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.606−0.004%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.743+0.143%$2.05B$682.7M10xas long as short
Aster HYPEUSDT+0.0100%4h93.653+0.047%$8.9M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h93.690+0.087%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.642+0.035%$375.2M$930.5M75xas long as short
OKX HYPE-USDT-SWAPshort+0.0100%8h93.614+0.005%$115.7M$316.1M50x
Gate HYPE_USDT+0.0100%4h93.621+0.013%$48.4M$55.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.633+0.026%$89.8M$83.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.664+0.059%$46.3M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.648+0.042%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.670+0.065%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.726+0.125%$7.6M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.674+0.069%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.679+0.075%$679K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.710+0.107%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.667+0.062%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.681+0.077%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.632+0.025%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.799+0.203%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.130%$216K$15K10xas long as short
Kalshi KXHYPEPERP+0.0104%8h93.690+0.087%$1.8M$5.6M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.629+0.021%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.622+0.014%$396K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.680+0.076%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.670+0.065%$30K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0262%1h93.715+0.113%$7.4M$4.2M50xas long as short
Reya HYPERUSDPERP+0.0271%1h93.621+0.013%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.662+0.057%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.600−0.010%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.702+0.099%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.702+0.099%$3.2M$6.4M20xas long as short