data as of
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Funding arb /

HYPE

all HYPE markets
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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 spread now, next payment 15:00 UTC−0.0004%/8h
next payment, per $10,000−$0.01paid, last 24h−0.003%paid, last 7 days−0.065%to open and close $10k−$12
Long on BackpackShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack HYPE_USDC_PERP94.1020.0100pay 0.0013% / 1h51m 02s$8.1M$8.4M20x
ShortLighter HYPE94.1760.0096get 0.0012% / 1h51m 02s$18.7M$49.8M20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$0.84
Slippage, 4 orders
−$2.26
Fee Backpack: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$13.1
Break-even
never at this rate
Slippage from Backpack: live order book, 5 min ago; Lighter: live order book, 9 min ago.

Price risk

price view
Price gap now
+0.078%
Avg gap 7d
−0.223%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

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 bp5.1 bp −$56.8 bp −$6894.5 bp −$9,448doesn't fit
Sell Lighter live order book, 9 min ago0.69 bp1.4 bp −$13.3 bp −$3310.1 bp −$1,01337.1 bp −$18.5K

HYPE on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0328%4h$166K$464K20xas long as short
Kraken Futures PF_HYPEUSD−0.0294%1h$16.5M$19.1M50xas long as short
Hibachi HYPE/USDT-P−0.0176%1h$201K$174K7xas long as short
ApeX Omni HYPEUSDT−0.0119%1h$414K$930K50xas long as short
BingX HYPE-USDT−0.0116%4h—$47.4M—as long as short
OKX HYPE-USDT-SWAP−0.0112%8h$119.8M$287.0M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h$3K$30725xas long as short
Gate HYPE_USDT−0.0074%4h$44.7M$53.4M75xas long as short
Aster HYPEUSDT−0.0070%4h$8.5M$31.4M300xas long as short
Arcus HYPE-USD−0.0018%1h$1.2M$4.2M10xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aftermath Perps HYPEUSD−0.0005%1h$22K$34K10xas long as short
Phemex HYPEUSDT−0.0004%8h$12.8M$2.2M50xas long as short
dYdX HYPE-USD0.0000%1h$128K$23K5xas long as short
Kalshi KXHYPEPERP0.0000%8h$1.6M$3.8M2.3xas long as short
Perpl HYPE0.0000%43m$31K$333K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h$33K—150xas long as short
Binance HYPEUSDT+0.0017%4h$398.1M$743.1M75xas long as short
MEXC HYPE_USDT+0.0022%4h$91.3M$79.1M100xas long as short
Coinbase International HYPE-PERP-INTX+0.0032%1h$5.0M$5.2M50xas long as short
KuCoin HYPEUSDTM+0.0034%4h$44.8M$19.2M75xas long as short
Bybit HYPEUSDT+0.0044%8h$326.9M$268.5M75xas long as short
edgeX HYPEUSDC+0.0046%4h$5.1M$24.6M30xas long as short
Vest HYPE-PERP+0.0051%1h—$407K5xas long as short
01 Exchange HYPEUSD+0.0064%1h$82K$283K20xas long as short
BloFin HYPE-USDT+0.0070%4h$18.0M$11.5M75xas long as short
Derive HYPE-PERP+0.0076%1h$16.8M$6.9M10xas long as short
Aevo HYPE-PERP+0.0088%1h$400K$343K20xas long as short
Paradex HYPE-USD-PERP+0.0092%8h$337K$287K20xas long as short
Bitget HYPEUSDT+0.0094%4h$232.0M$88.1M75xas long as short
Lighter HYPEshort+0.0096%1h$18.7M$49.8M20x
Lighter RH HYPE+0.0096%1h$3.0M$10.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h$77K$1.0M50xas long as short
Katana Perps HYPE-USD+0.0099%8h$20K$1.5M10xas long as short
Nado HYPE-PERP+0.0100%1h$5.5M$41.6M10xas long as short
Hyperliquid HYPE+0.0100%1h$2.05B$515.6M10xas long as short
Pacifica HYPE+0.0100%1h$11.4M$11.7M20xas long as short
Ondo Perps HYPE-USD.P+0.0100%1h$707K$892K10xas long as short
Backpack HYPE_USDC_PERPlong+0.0100%1h$8.1M$8.4M20x
Variational Omni HYPE+0.0100%8h$29.9M$48.8M—as long as short
StandX HYPE-USD+0.0100%1h$720K$2.1M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h$482K$2.3M20xas long as short
Bullet HYPE-USD+0.0100%1h$112K$579K20xas long as short
Bluefin HYPE-PERP+0.0100%1h$69K$196K20xas long as short
SunX HYPE-USDT+0.0100%4h$28K$1.4M20xas long as short
SoDEX HYPE-USD+0.0100%1h$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h$215K$10K10xas long as short
Extended HYPE-USD+0.0104%1h$18.5M$36.0M50xas long as short
RISEx HYPE/USDC+0.0120%1h$2.4M$6.9M20xas long as short
HTX HYPE-USDT+0.0136%4h$1.5M$6.3M75xas long as short
Phoenix HYPE+0.0152%1h$297K$1.0M10xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0164%1h$7.3M$3.8M50xas long as short
Reya HYPERUSDPERP+0.0213%1h$74K$228K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0346% / S −0.0159%1h$1.5M—100xas long as short
Injective HYPE/USDC PERP+0.0375%1h$24K$259K12xas long as short