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

HYPE

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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.054%
Price spread now: Arcus against Binance+0.061%56s7-day average −0.023% · 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—prices read too far apart to compare
costs, in and out, $10k−$170.175% of the position
Long on BinanceShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.067%−$7 on $10k
Price spread, last 7 days−0.034%−$3 · spread now +0.061%, 7d avg −0.023%
Together, before fees−0.101%−$10 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: Arcus is 0.084% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.023%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance HYPEUSDT93.2240.0100pay 0.0050% / 4h2h 06m$384.7M$889.9M75x
ShortArcus HYPE-USD93.2810.0100get 0.0013% / 1h6m 50s$1.2M$4.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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
$0
Price spread: +0.061% → −0.023%
$8.43
Slippage, 4 orders
−$2.97
Fee Binance: 5 bp × 2 orders
−$10
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$9.04
Costs to cover
0.175%
Break-even
never at this rate
Slippage from Binance: live order book, 7 min ago; Arcus: 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 Binance live order book, 7 min ago0.05 bp5.1 bp −$56.6 bp −$6613.3 bp −$1,33234.8 bp −$17.4K
Sell Arcus live order book, 2 min ago0.59 bp3.4 bp −$39.2 bp −$9227.6 bp −$2,756doesn'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−0.0856%1h93.329+0.113%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0258%1h93.394+0.182%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0226%1h93.240+0.017%$700K$931K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.321+0.104%$90K$357K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.298+0.080%$3K$33125xas long as short
Derive HYPE-PERP−0.0035%1h93.2230.000%$16.4M$7.1M10xas long as short
Bullet HYPE-USD−0.0028%1h93.274+0.054%$111K$580K20xas long as short
dYdX HYPE-USD0.0000%1h93.280+0.060%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.323+0.107%$23K$334K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.316+0.099%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0011%4h93.262+0.041%$8.9M$35.8M300xas long as short
Bybit HYPEUSDT+0.0030%8h93.222−0.002%$324.7M$287.2M75xas long as short
Popdex HYPEUSDT+0.0032%1h93.304+0.086%$58K$1.2M50xas long as short
Gate HYPE_USDT+0.0032%4h93.262+0.041%$43.9M$57.8M75xas long as short
Orderly PERP_HYPE_USDC+0.0053%4h93.288+0.069%$165K$538K20xas long as short
Phoenix HYPE+0.0068%1h93.345+0.130%$215K$1.2M10xas long as short
SoDEX HYPE-USD+0.0089%1h93.255+0.033%$2.0M$2.0M10xas long as short
Vest HYPE-PERP+0.0094%1h93.335+0.120%—$454K5xas long as short
Lighter HYPE+0.0096%1h93.270+0.049%$18.6M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.250+0.028%$3.1M$12.4M20xas long as short
Bluefin HYPE-PERP+0.0099%1h93.277+0.057%$75K$168K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.327+0.111%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.320+0.103%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.305+0.087%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.351+0.136%$2.03B$670.7M10xas long as short
Pacifica HYPE+0.0100%1h93.330+0.114%$10.0M$14.4M20xas long as short
Binance HYPEUSDTlong+0.0100%4h93.224long leg$384.7M$889.9M75x
OKX HYPE-USDT-SWAP+0.0100%8h93.204−0.021%$114.5M$314.3M50xas long as short
Arcus HYPE-USDshort+0.0100%1h93.281+0.061%$1.2M$4.0M10x
Bulk HYPE-USD+0.0100%1h93.285+0.066%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.254+0.032%$93.0M$82.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.307+0.089%$46.1M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.270+0.050%$226.6M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.261+0.040%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.303+0.085%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.263+0.042%$29.1M$50.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.304+0.086%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.276+0.056%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.340+0.125%$675K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.338+0.122%$493K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.300+0.082%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.303+0.085%$12.7M$2.6M50xas long as short
Kalshi KXHYPEPERP+0.0101%8h93.392+0.180%$1.9M$5.2M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.243+0.021%$18.3M$41.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.275+0.055%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.268+0.048%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.390+0.178%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0221%1h93.371+0.158%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.304+0.086%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.736%$31K$291K12xas long as short
HTX HYPE-USDT+0.0292%4h93.477+0.272%$1.5M$7.7M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.331+0.115%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.275+0.055%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.367+0.154%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.395+0.184%$19.1M$26.2M50xas long as short