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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 03:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.003%
Price spread now: Bullet against BingX+0.077%7-day average +0.035% · 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−$31as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Long on BingXShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.044%+$4 on $10k
Price spread, last 4 days (all we have)+0.558%+$56 · spread now +0.077%, 7d avg +0.035%
Together, before fees+0.602%+$60 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bullet is 0.042% dearer against BingX than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.035%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HYPE-USDT93.0650.0036pay 0.0018% / 4h1h 08m—$53.0M—
ShortBullet HYPE-USD93.1370.0005get 0.0001% / 1h8m 52s$111K$579K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against BingX. 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
−$6.61
Price spread: +0.077% → +0.035%
$4.25
Slippage, 4 orders
−$17.4
Fee BingX: 5 bp × 2 orders
−$10
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$37.76
Costs to cover
0.354%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Bullet: live order book, 55 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 BingX live order book, 10 min ago0.11 bp15.6 bp −$1615.6 bp −$15615.6 bp −$1,56120.9 bp −$10.5K
Sell Bullet live order book, 55 min ago0.48 bp7.4 bp −$710.8 bp −$108doesn't fitdoesn'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−0.0976%1h93.211+0.157%$197K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.011−0.058%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0132%1h93.090+0.027%$698K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.163+0.105%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0077%1h93.219+0.166%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0056%1h93.151+0.092%$85K$345K20xas long as short
Orderly PERP_HYPE_USDC−0.0048%4h93.121+0.060%$155K$654K20xas long as short
dYdX HYPE-USD0.0000%1h93.226+0.173%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.155+0.096%$23K$316K10xas long as short
Phemex HYPEUSDT+0.0001%8h93.163+0.105%$12.6M$2.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.164+0.106%$62K—150xas long as short
Bullet HYPE-USDshort+0.0005%1h93.137+0.077%$111K$579K20x
Aster HYPEUSDT+0.0022%4h93.145+0.086%$8.8M$35.9M300xas long as short
Phoenix HYPE+0.0026%1h93.210+0.156%$213K$1.2M10xas long as short
BingX HYPE-USDTlong+0.0036%4h93.065long leg—$53.0M—
Gate HYPE_USDT+0.0046%4h93.102+0.040%$44.5M$55.6M75xas long as short
Bybit HYPEUSDT+0.0047%8h93.062−0.003%$320.1M$277.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.0650.000%$113.6M$298.8M50xas long as short
Derive HYPE-PERP+0.0086%1h93.110+0.049%$16.2M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.137+0.077%$16.2M$62.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.130+0.070%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.138+0.078%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.153+0.095%$339K$162K20xas long as short
MEXC HYPE_USDT+0.0098%4h93.097+0.034%$89.4M$81.2M100xas long as short
Katana Perps HYPE-USD+0.0100%8h93.120+0.059%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.125+0.064%$5.8M$43.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.174+0.117%$2.03B$653.5M10xas long as short
Pacifica HYPE+0.0100%1h93.160+0.102%$10.0M$14.8M20xas long as short
Binance HYPEUSDT+0.0100%4h93.0650.000%$376.3M$880.2M75xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.118+0.057%$45.8M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.102+0.040%$225.2M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.139+0.080%$7.3M$10.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.197+0.142%$31.4M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.289+0.240%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.125+0.064%$338K$998K50xas long as short
StandX HYPE-USD+0.0100%1h93.310+0.263%$667K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.201+0.146%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.158+0.100%$472K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.095+0.032%$79K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.168+0.111%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.137+0.077%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.155+0.097%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.075+0.011%$18.3M$42.8M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.109+0.048%$396K$162K20xas long as short
edgeX HYPEUSDC+0.0104%4h93.205+0.150%$5.0M$28.9M30xas long as short
HTX HYPE-USDT+0.0128%4h93.262+0.212%$1.4M$6.0M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.200+0.145%$4.8M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0259%1h93.106+0.044%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0271%8h93.193+0.138%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0156%1h93.159+0.101%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.118+0.057%$16.9M$11.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0415%1h93.233+0.181%$7.4M$4.3M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.209+0.155%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.390+0.349%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0687%1h93.188+0.132%$20.7M$29.8M50xas long as short