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 06:00 UTC+0.0409%/8h= +44.8% APRpaid last 24h +0.054%
Price spread now: Deribit against BingX+0.280%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$260.258% of the position
Long on BingXShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.280%, 7d avg +0.057%
Together, before fees−0.201%−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Deribit is 0.222% dearer against BingX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.057%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HYPE-USDT93.3470.0100pay 0.0050% / 4h2h 34m—$53.9M—
ShortDeribit HYPE_USDC-PERPETUAL93.6080.0509get 0.0064% / 1h34m 56s$7.5M$4.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$85.89
Price spread: +0.280% → +0.057%
$22.24
Slippage, 4 orders
−$8.78
Fee BingX: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$82.35
Costs to cover
0.258%
Break-even
0.3 days
Slippage from BingX: live order book, 4 min ago; Deribit: live order book, 4 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, 4 min ago0.22 bp5.2 bp −$55.6 bp −$5610.1 bp −$1,00915.0 bp −$7,513
Sell Deribit live order book, 4 min ago2.57 bp6.1 bp −$611.7 bp −$117doesn'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−0.1664%1h93.244−0.110%$196K$234K7xas long as short
Aftermath Perps HYPEUSD−0.0381%1h93.358+0.012%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.469+0.131%$3K$33125xas long as short
Bullet HYPE-USD−0.0071%1h93.494+0.157%$112K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0022%4h93.508+0.172%$146K$662K20xas long as short
01 Exchange HYPEUSD−0.0016%1h93.505+0.169%$88K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.465+0.126%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.487+0.150%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.534+0.200%$62K—150xas long as short
Arcus HYPE-USD+0.0011%1h93.447+0.107%$1.0M$4.0M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0016%4h93.369+0.024%$225.7M$98.9M75xas long as short
Bybit HYPEUSDT+0.0021%8h93.310−0.040%$317.1M$283.7M75xas long as short
Ondo Perps HYPE-USD.P+0.0022%1h93.430+0.089%$702K$1.2M10xas long as short
Phoenix HYPE+0.0026%1h93.434+0.093%$209K$1.2M10xas long as short
Phemex HYPEUSDT+0.0033%8h93.518+0.183%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0094%4h93.304−0.046%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.500+0.164%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.527+0.193%$16.1M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.528+0.194%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.479+0.141%$76K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.450+0.110%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.470+0.132%$8.0M$48.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.520+0.185%$2.04B$668.6M10xas long as short
Aster HYPEUSDT+0.0100%4h93.392+0.048%$8.7M$36.5M300xas long as short
Pacifica HYPE+0.0100%1h93.504+0.168%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.370+0.024%$374.1M$913.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.315−0.034%$114.4M$309.7M50xas long as short
Gate HYPE_USDT+0.0100%4h93.352+0.005%$46.7M$54.2M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.370+0.025%$89.9M$80.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.434+0.093%$46.2M$18.9M75xas long as short
BingX HYPE-USDTlong+0.0100%4h93.347long leg—$53.9M—
Backpack HYPE_USDC_PERP+0.0100%1h93.529+0.195%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.351+0.004%$28.6M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.365+0.020%$7.5M$47.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.331−0.017%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.336−0.012%$668K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.522+0.188%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.512+0.177%$484K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.516+0.181%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.496+0.159%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.475+0.137%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.523+0.189%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.600+0.271%$1.4M$6.5M75xas long as short
Bulk HYPE-USD+0.0100%1h93.344−0.003%$215K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.337−0.011%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.520+0.185%$395K$161K20xas long as short
Kalshi KXHYPEPERP+0.0112%8h93.541+0.208%$1.8M$5.7M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.350+0.003%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.500+0.164%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.495+0.158%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.526+0.192%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.516+0.181%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0340%1h93.596+0.267%$20.9M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUALshort+0.0509%1h93.608+0.280%$7.5M$4.0M50x
RISEx HYPE/USDC+0.0527%1h93.541+0.208%$3.2M$6.2M20xas long as short