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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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Extended against Backpack−0.037%48s7-day average −0.280% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$190.187% of the position
Long on BackpackShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days−0.030%−$3 on $10k
Price spread, last 7 days+0.602%+$60 · spread now −0.037%, 7d avg −0.280%
Together, before fees+0.572%+ Points / potential airdropExtended: Active · farm board+$57 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.242% dearer against Backpack than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.280%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack HYPE_USDC_PERP93.9840.0100pay 0.0013% / 1h9m 17s$7.9M$10.4M20x
ShortExtended HYPE-USD93.9490.0104get 0.0013% / 1h9m 17s$18.4M$45.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Backpack. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: −0.037% → −0.280%
$24.22
Slippage, 4 orders
−$3.66
Fee Backpack: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$6.4
Costs to cover
0.187%
Break-even
from the start
Slippage from Backpack: live order book, 5 min ago; Extended: 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 Backpack live order book, 5 min ago0.05 bp6.1 bp −$67.9 bp −$7984.9 bp −$8,491doesn't fit
Sell Extended live order book, 5 min ago0.05 bp2.6 bp −$33.0 bp −$3020.4 bp −$2,044doesn'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−0.1168%1h93.966−0.019%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.924−0.064%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0210%1h93.9840.000%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0102%1h93.870−0.121%$710K$959K10xas long as short
Phemex HYPEUSDT−0.0095%8h93.940−0.047%$12.8M$2.6M50xas long as short
dYdX HYPE-USD−0.0089%1h94.078+0.100%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h94.018+0.036%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.036+0.055%$3K$33125xas long as short
Bullet HYPE-USD−0.0048%1h93.989+0.006%$113K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0029%4h93.938−0.049%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0012%4h93.976−0.009%$44.5M$60.3M75xas long as short
Perpl HYPE0.0000%43m94.046+0.065%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.010+0.028%$27K—150xas long as short
Derive HYPE-PERP+0.0009%1h93.925−0.062%$16.4M$7.3M10xas long as short
Aster HYPEUSDT+0.0012%4h93.9840.000%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0015%8h93.936−0.051%$323.4M$279.7M75xas long as short
Phoenix HYPE+0.0034%1h94.071+0.093%$218K$1.2M10xas long as short
MEXC HYPE_USDT+0.0052%4h94.000+0.017%$88.5M$83.3M100xas long as short
Binance HYPEUSDT+0.0053%4h93.957−0.029%$383.6M$894.1M75xas long as short
edgeX HYPEUSDC+0.0065%4h93.937−0.050%$5.1M$29.6M30xas long as short
OKX HYPE-USDT-SWAP+0.0073%8h93.910−0.079%$116.2M$315.1M50xas long as short
Lighter HYPE+0.0096%1h93.985+0.001%$18.9M$60.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.964−0.021%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.017+0.035%$65K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.969−0.016%$400K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.104+0.128%$342K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.030+0.049%$31K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.020+0.039%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h94.063+0.084%$2.05B$668.2M10xas long as short
Pacifica HYPE+0.0100%1h94.070+0.092%$10.1M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.528−0.485%$204K$12K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.026+0.045%$46.7M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.986+0.002%$227.6M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.985+0.001%—$54.1M—as long as short
Backpack HYPE_USDC_PERPlong+0.0100%1h93.984long leg$7.9M$10.4M20x
Variational Omni HYPE+0.0100%8h93.920−0.069%$31.4M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.053+0.073%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.946−0.040%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.959−0.027%$671K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h94.050+0.070%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.049+0.069%$475K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.926−0.062%$76K$170K20xas long as short
SunX HYPE-USDT+0.0100%4h94.049+0.069%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.955−0.031%$2.0M$2.0M10xas long as short
Extended HYPE-USDshort+0.0104%1h93.949−0.037%$18.4M$45.2M50x
Coinbase International HYPE-PERP-INTX+0.0144%1h93.970−0.015%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.538%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0212%4h94.058+0.079%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h94.063+0.084%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0241%8h94.083+0.105%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.976−0.008%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0158%1h94.009+0.027%$1.4M—100xas long as short
HTX HYPE-USDT+0.0366%4h94.211+0.242%$1.5M$5.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0431%1h94.060+0.081%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h94.012+0.030%$21.0M$29.8M50xas long as short