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 04:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.012%
Price spread now: OKX against BingX+0.030%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Long on BingXShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 7 days−0.016%−$2 · spread now +0.030%, 7d avg −0.004%
Together, before fees+0.005%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.035% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HYPE-USDT93.1020.0018pay 0.0009% / 4h2h 42m—$54.2M—
ShortOKX HYPE-USDT-SWAP93.1300.0063get 0.0063% / 8h6h 42m$114.7M$314.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$9.48
Price spread: +0.030% → −0.004%
$3.45
Slippage, 4 orders
−$3.29
Fee BingX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$10.36
Costs to cover
0.233%
Break-even
14.6 days
Slippage from BingX: live order book, 11 min ago; OKX: 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 BingX live order book, 11 min ago0.11 bp6.5 bp −$78.1 bp −$8110.6 bp −$1,06416.2 bp −$8,094
Sell OKX live order book, 2 min ago0.05 bp5.4 bp −$58.3 bp −$8318.5 bp −$1,852doesn'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%1h93.346+0.262%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.001−0.108%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0163%1h93.316+0.230%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0133%1h93.340+0.256%$698K$979K10xas long as short
Backpack HYPE_USDC_PERP−0.0092%1h93.215+0.121%$7.8M$10.4M20xas long as short
01 Exchange HYPEUSD−0.0080%1h93.140+0.041%$84K$361K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.127+0.027%$3K$33125xas long as short
Gate HYPE_USDT−0.0078%4h93.116+0.015%$44.1M$54.1M75xas long as short
Phemex HYPEUSDT−0.0068%8h93.331+0.246%$12.7M$2.7M50xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.107+0.005%$155K$652K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0029%4h93.148+0.049%$8.8M$36.2M300xas long as short
Bluefin HYPE-PERP−0.0023%1h93.083−0.020%$79K$173K20xas long as short
dYdX HYPE-USD0.0000%1h93.166+0.068%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.145+0.046%$22K$333K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.129+0.029%$25K—150xas long as short
Bybit HYPEUSDT+0.0007%8h93.100−0.002%$318.3M$283.4M75xas long as short
BingX HYPE-USDTlong+0.0018%4h93.102long leg—$54.2M—
Bullet HYPE-USD+0.0038%1h93.099−0.003%$111K$579K20xas long as short
MEXC HYPE_USDT+0.0042%4h93.135+0.035%$87.8M$82.5M100xas long as short
Binance HYPEUSDT+0.0044%4h93.108+0.006%$378.8M$905.2M75xas long as short
edgeX HYPEUSDC+0.0059%4h93.354+0.271%$5.1M$30.0M30xas long as short
Phoenix HYPE+0.0060%1h93.266+0.176%$212K$1.2M10xas long as short
OKX HYPE-USDT-SWAPshort+0.0063%8h93.130+0.030%$114.7M$314.6M50x
Derive HYPE-PERP+0.0065%1h93.091−0.012%$16.2M$7.6M10xas long as short
Aevo HYPE-PERP+0.0088%1h93.094−0.008%$396K$177K20xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.201+0.107%$339K$165K20xas long as short
Lighter HYPE+0.0096%1h93.122+0.021%$16.4M$62.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.133+0.033%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.133+0.033%$65K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.160+0.062%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.138+0.039%$6.5M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.229+0.136%$2.03B$675.9M10xas long as short
Pacifica HYPE+0.0100%1h93.153+0.055%$10.0M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.404+0.324%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.136+0.037%$45.9M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.133+0.033%$225.4M$100.7M75xas long as short
Variational Omni HYPE+0.0100%8h93.241+0.149%$30.9M$55.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.215+0.121%$7.5M$47.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.381+0.300%$337K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.389+0.308%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.206+0.111%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.162+0.064%$466K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.364+0.281%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.281+0.192%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.092−0.011%$18.4M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.400+0.320%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.330+0.245%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0175%4h93.407+0.328%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.177+0.080%$2.7M$6.7M20xas long as short
HTX HYPE-USDT+0.0245%4h93.499+0.426%$1.4M$6.1M75xas long as short
Reya HYPERUSDPERP+0.0254%1h93.133+0.033%$79K$142K15xas long as short
Kalshi KXHYPEPERP+0.0259%8h93.416+0.337%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.137+0.037%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0479%1h93.399+0.319%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0683%1h93.362+0.279%$20.8M$30.0M50xas long as short