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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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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 +0.059%
Price spread now: Hyperliquid against Binance+0.096%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$210.211% of the position
Long on BinanceShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.078%+$8 on $10k
Price spread, last 7 days−0.100%−$10 · spread now +0.096%, 7d avg 0.000%
Together, before fees−0.023%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 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: Hyperliquid is 0.097% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance HYPEUSDT93.5460.0100pay 0.0050% / 4h2h 28m$386.0M$887.5M75x
ShortHyperliquid HYPE93.6360.0100get 0.0013% / 1h28m 33s$2.04B$669.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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
Price spread: +0.096% → 0.000%
$9.67
Slippage, 4 orders
−$2.11
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$11.45
Costs to cover
0.211%
Break-even
never at this rate
Slippage from Binance: live order book, 15 min ago; Hyperliquid: live order book, 6 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, 15 min ago0.05 bp5.1 bp −$56.2 bp −$6212.9 bp −$1,28934.2 bp −$17.1K
Sell Hyperliquid live order book, 6 min ago0.05 bp5.2 bp −$56.3 bp −$636.6 bp −$656doesn'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−0.1064%1h93.496−0.054%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0276%1h93.537−0.009%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0247%1h93.440−0.113%$701K$939K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.541−0.005%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.560+0.015%$89K$349K20xas long as short
Bullet HYPE-USD−0.0033%1h93.508−0.040%$112K$583K20xas long as short
Derive HYPE-PERP−0.0007%1h93.475−0.076%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.563+0.018%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.480−0.071%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.552+0.006%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0018%4h93.538−0.009%$9.0M$35.8M300xas long as short
Gate HYPE_USDT+0.0024%4h93.539−0.007%$44.1M$56.6M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.534−0.013%$325.8M$287.0M75xas long as short
Orderly PERP_HYPE_USDC+0.0068%4h93.516−0.032%$175K$535K20xas long as short
Phoenix HYPE+0.0068%1h93.549+0.003%$216K$1.2M10xas long as short
Popdex HYPEUSDT+0.0072%1h93.535−0.012%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.600+0.058%$18.6M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.580+0.036%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.576+0.032%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.560+0.015%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.513−0.036%$6.0M$44.1M10xas long as short
Hyperliquid HYPEshort+0.0100%1h93.636+0.096%$2.04B$669.5M10x
Pacifica HYPE+0.0100%1h93.569+0.025%$10.0M$14.4M20xas long as short
Binance HYPEUSDTlong+0.0100%4h93.546long leg$386.0M$887.5M75x
OKX HYPE-USDT-SWAP+0.0100%8h93.531−0.016%$114.9M$315.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.523−0.025%$1.2M$4.0M10xas long as short
MEXC HYPE_USDT+0.0100%4h93.549+0.003%$93.6M$82.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.556+0.011%$46.4M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.570+0.026%$227.3M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.538−0.009%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.551+0.005%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.541−0.006%$28.9M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.580+0.037%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.558+0.013%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.602+0.060%$677K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.555+0.010%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.545−0.001%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.530−0.017%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.558+0.013%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.513−0.035%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.5460.000%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.556+0.011%$204K$12K10xas long as short
Extended HYPE-USD+0.0104%1h93.536−0.010%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.520−0.028%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0116%4h93.544−0.002%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0126%8h93.567+0.022%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0188%1h93.619+0.078%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.560+0.015%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.512−0.036%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.510−0.038%$30K$291K12xas long as short
HTX HYPE-USDT+0.0326%4h93.681+0.144%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0164%1h93.554+0.009%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.513−0.035%$17.0M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.609+0.067%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.631+0.091%$19.2M$26.0M50xas long as short