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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 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.066%
Price spread now: Hyperliquid against Bitget+0.117%7-day average +0.019% · 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−$18as in the Price arb table
costs, in and out, $10k−$270.275% of the position
Long on BitgetShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.144%+$14 on $10k
Price spread, last 7 days−0.130%−$13 · spread now +0.117%, 7d avg +0.019%
Together, before fees+0.014%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 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 0.098% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPEUSDT93.9610.0100pay 0.0050% / 4h2m 43s$227.6M$102.2M75x
ShortHyperliquid HYPE94.0710.0100get 0.0013% / 1h2m 43s$2.05B$680.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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: +0.117% → +0.019%
$9.76
Slippage, 4 orders
−$6.5
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$17.74
Costs to cover
0.275%
Break-even
never at this rate
Slippage from Bitget: live order book, 6 min ago; Hyperliquid: live order book, 11 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, 6 min ago0.32 bp9.6 bp −$1013.5 bp −$13516.2 bp −$1,622doesn't fit
Sell Hyperliquid live order book, 11 min ago0.05 bp4.6 bp −$56.8 bp −$68doesn'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−0.1376%1h93.897−0.069%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0357%1h93.936−0.027%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.920−0.044%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0128%1h93.970+0.010%$704K$926K10xas long as short
01 Exchange HYPEUSD−0.0080%1h94.042+0.086%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.034+0.078%$3K$33125xas long as short
Derive HYPE-PERP−0.0010%1h93.985+0.025%$16.4M$7.2M10xas long as short
dYdX HYPE-USD−0.0007%1h93.976+0.016%$128K$30K5xas long as short
Orderly PERP_HYPE_USDC−0.0005%4h94.050+0.095%$170K$593K20xas long as short
Perpl HYPE0.0000%43m94.081+0.128%$23K$329K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.070+0.116%$27K—150xas long as short
Phoenix HYPE+0.0009%1h93.898−0.067%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0017%4h93.975+0.015%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.895−0.070%$323.2M$283.9M75xas long as short
Phemex HYPEUSDT+0.0028%8h93.997+0.038%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0046%4h93.916−0.048%$88.3M$82.3M100xas long as short
Binance HYPEUSDT+0.0047%4h93.912−0.052%$383.8M$898.7M75xas long as short
edgeX HYPEUSDC+0.0064%4h93.859−0.108%$5.1M$29.7M30xas long as short
Popdex HYPEUSDT+0.0064%1h94.049+0.094%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0066%4h93.966+0.005%$44.2M$60.1M75xas long as short
Bullet HYPE-USD+0.0079%1h94.020+0.062%$112K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0088%8h93.910−0.054%$115.9M$322.6M50xas long as short
Lighter HYPE+0.0096%1h93.989+0.030%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.993+0.034%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h94.045+0.090%$400K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h94.040+0.084%$36K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.066+0.111%$342K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h94.049+0.094%$6.7M$44.9M10xas long as short
Hyperliquid HYPEshort+0.0100%1h94.071+0.117%$2.05B$680.0M10x
Pacifica HYPE+0.0100%1h93.951−0.010%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889−0.077%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.016+0.059%$46.6M$18.6M75xas long as short
Bitget HYPEUSDTlong+0.0100%4h93.961long leg$227.6M$102.2M75x
BingX HYPE-USDT+0.0100%4h93.959−0.002%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.046+0.090%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.158%$31.3M$54.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.864−0.104%$7.6M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.817−0.153%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.966+0.005%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h94.055+0.100%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.070+0.116%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.059+0.104%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h94.087+0.134%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.039+0.083%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.478%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.951−0.011%$18.4M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.110+0.159%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0157%8h94.091+0.138%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0185%4h93.999+0.040%$17.0M$12.6M75xas long as short
HTX HYPE-USDT+0.0194%4h94.200+0.254%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0250%1h94.042+0.086%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h94.091+0.139%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h94.066+0.112%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0473%1h94.154+0.205%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0576%1h94.151+0.202%$21.1M$29.5M50xas long as short