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Funding arb · Price arb /

HYPE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.014%
Price spread now: Aevo against Bitget−0.028%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Long on BitgetShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days+0.085%+$8 on $10k
Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.028%, 7d avg +0.022%
Together, before fees+0.133%+$13 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: Aevo is 0.050% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPEUSDT93.8660.0100pay 0.0050% / 4h3h 06m$227.3M$100.2M75x
ShortAevo HYPE-PERP93.8400.0096get 0.0012% / 1h6m 46s$399K$180K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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
−$0.84
Price spread: −0.028% → +0.022%
−$5
Slippage, 4 orders
−$21.1
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$54.94
Costs to cover
0.491%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Aevo: 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 Bitget live order book, 2 min ago0.43 bp7.6 bp −$812.8 bp −$128doesn't fitdoesn't fit
Sell Aevo live order book, 2 min ago7.76 bp15.8 bp −$1615.8 bp −$15826.5 bp −$2,654doesn'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−0.1152%1h93.929+0.067%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.779−0.093%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0207%1h93.950+0.089%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0097%1h93.860−0.006%$710K$958K10xas long as short
dYdX HYPE-USD−0.0084%1h93.911+0.048%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h93.865−0.001%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.895+0.031%$3K$33125xas long as short
Phemex HYPEUSDT−0.0054%8h93.917+0.054%$12.8M$2.6M50xas long as short
Bullet HYPE-USD−0.0049%1h93.849−0.018%$113K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0032%4h93.846−0.021%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0016%4h93.843−0.025%$44.4M$60.3M75xas long as short
Perpl HYPE0.0000%43m93.909+0.046%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.886+0.022%$27K—150xas long as short
Aster HYPEUSDT+0.0007%4h93.842−0.025%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0010%1h93.817−0.052%$16.4M$7.6M10xas long as short
Bybit HYPEUSDT+0.0020%8h93.810−0.060%$322.9M$279.1M75xas long as short
Phoenix HYPE+0.0034%1h94.045+0.191%$214K$1.2M10xas long as short
MEXC HYPE_USDT+0.0054%4h93.812−0.058%$88.3M$83.3M100xas long as short
Binance HYPEUSDT+0.0054%4h93.828−0.040%$383.1M$893.8M75xas long as short
edgeX HYPEUSDC+0.0055%4h94.001+0.144%$5.1M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0072%8h93.791−0.080%$116.0M$314.3M50xas long as short
Bluefin HYPE-PERP+0.0088%1h93.848−0.019%$76K$170K20xas long as short
Lighter HYPE+0.0096%1h93.884+0.019%$18.9M$60.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.828−0.040%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.864−0.002%$64K$1.2M50xas long as short
Aevo HYPE-PERPshort+0.0096%1h93.840−0.028%$399K$180K20x
Paradex HYPE-USD-PERP+0.0099%8h93.921+0.059%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.890+0.026%$31K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.874+0.008%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.919+0.056%$2.05B$668.4M10xas long as short
Pacifica HYPE+0.0100%1h93.847−0.020%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.851−0.016%$46.6M$18.3M75xas long as short
Bitget HYPEUSDTlong+0.0100%4h93.866long leg$227.3M$100.2M75x
BingX HYPE-USDT+0.0100%4h93.850−0.017%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.818−0.051%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.920+0.057%$31.4M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.999+0.142%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.020+0.164%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.897+0.033%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.913+0.050%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.898+0.034%$474K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.917+0.054%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.871+0.005%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.894+0.030%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.802−0.068%$18.4M$45.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.900+0.036%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.810−0.060%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0218%4h93.919+0.056%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h93.915+0.052%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0244%8h93.947+0.086%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.857−0.010%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0156%1h93.886+0.021%$1.4M—100xas long as short
HTX HYPE-USDT+0.0367%4h94.069+0.216%$1.5M$5.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0410%1h93.963+0.103%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.955+0.094%$20.9M$29.8M50xas long as short