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 00:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h −0.031%
Price spread now: Coinbase International against Bluefin+0.075%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Long on BluefinShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.075%, 7d avg −0.024%
Together, before fees−0.051%−$5 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 Coinbase International is 0.099% dearer against Bluefin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin HYPE-PERP93.9200.0100pay 0.0013% / 1h51m 14s$76K$171K20x
ShortCoinbase International HYPE-PERP-INTX93.9900.0144get 0.0018% / 1h51m 14s$4.9M$5.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bluefin. 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
$9.24
Price spread: +0.075% → −0.024%
$9.89
Slippage, 4 orders
−$28.11
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$25.98
Costs to cover
0.451%
Break-even
26.7 days
Slippage from Bluefin: live order book, 23 min ago; Coinbase International: live order book, 3 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 Bluefin live order book, 23 min ago2.45 bp12.1 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 3 min ago3.19 bp8.9 bp −$913.9 bp −$13935.9 bp −$3,591doesn'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−0.1384%1h93.992+0.077%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.793−0.135%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0301%1h93.952+0.034%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0170%1h93.850−0.075%$705K$928K10xas long as short
Gate HYPE_USDT−0.0142%4h93.922+0.002%$44.4M$59.1M75xas long as short
dYdX HYPE-USD−0.0115%1h93.917−0.004%$128K$29K5xas long as short
Bullet HYPE-USD−0.0114%1h93.931+0.012%$113K$580K20xas long as short
01 Exchange HYPEUSD−0.0104%1h93.892−0.030%$85K$365K20xas long as short
Phemex HYPEUSDT−0.0098%8h93.888−0.034%$12.8M$2.6M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.950+0.032%$3K$33125xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0060%8h93.890−0.032%$322.9M$283.4M75xas long as short
Orderly PERP_HYPE_USDC−0.0010%4h93.9200.000%$169K$594K20xas long as short
Derive HYPE-PERP0.0000%1h93.867−0.056%$16.4M$7.2M10xas long as short
Perpl HYPE0.0000%43m93.937+0.019%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.962+0.045%$27K—150xas long as short
Aster HYPEUSDT+0.0019%4h93.941+0.022%$8.9M$36.1M300xas long as short
Phoenix HYPE+0.0034%1h93.829−0.097%$218K$1.2M10xas long as short
edgeX HYPEUSDC+0.0042%4h93.948+0.030%$5.1M$29.8M30xas long as short
MEXC HYPE_USDT+0.0044%4h93.909−0.012%$88.2M$81.9M100xas long as short
Binance HYPEUSDT+0.0045%4h93.909−0.012%$383.4M$896.6M75xas long as short
Popdex HYPEUSDT+0.0064%1h93.873−0.050%$60K$1.2M50xas long as short
OKX HYPE-USDT-SWAP+0.0082%8h93.884−0.038%$115.9M$321.1M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.874−0.049%$399K$191K20xas long as short
Lighter HYPE+0.0096%1h93.982+0.066%$18.9M$58.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.914−0.006%$3.0M$12.0M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.944+0.026%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.880−0.043%$39K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.890−0.031%$6.6M$44.9M10xas long as short
Hyperliquid HYPE+0.0100%1h94.004+0.089%$2.05B$675.5M10xas long as short
Pacifica HYPE+0.0100%1h93.921+0.001%$10.1M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.908−0.013%$46.5M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.923+0.003%$227.6M$101.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.884−0.038%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.916−0.004%$7.7M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.890−0.031%$31.3M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.981+0.065%$7.6M$45.4M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.029+0.116%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.057+0.146%$680K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.943+0.025%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.936+0.017%$480K$2.6M20xas long as short
Bluefin HYPE-PERPlong+0.0100%1h93.920long leg$76K$171K20x
SunX HYPE-USDT+0.0100%4h93.995+0.080%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.917−0.003%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.944+0.025%$205K$6K10xas long as short
Extended HYPE-USD+0.0104%1h93.895−0.026%$18.4M$42.5M50xas long as short
Coinbase International HYPE-PERP-INTXshort+0.0144%1h93.990+0.075%$4.9M$5.5M50x
Kalshi KXHYPEPERP+0.0169%8h93.984+0.068%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0179%4h93.916−0.004%$17.0M$12.3M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.810−0.117%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.921+0.002%$2.8M$6.8M20xas long as short
Reya HYPERUSDPERP+0.0250%1h93.909−0.012%$79K$146K15xas long as short
HTX HYPE-USDT+0.0309%4h94.088+0.179%$1.5M$7.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0157%1h93.964+0.047%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0367%1h94.019+0.105%$7.5M$4.7M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h94.006+0.092%$21.0M$29.7M50xas long as short