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 07:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.13 per $10,000 · paid last 24h −0.015%
Price spread now: Polymarket Perps against Bluefin+0.005%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Long on BluefinShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.071%+$7 on $10k
Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.005%, 7d avg +0.007%
Together, before fees+0.110%+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin HYPE-PERP93.564−0.0008get 0.0001% / 1h28m 12s$79K$155K20x
ShortPolymarket Perps HYPE-USD93.5690.0100get 0.0013% / 1h28m 12s$470K$2.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$22.65
Price spread: +0.005% → +0.007%
−$0.12
Slippage, 4 orders
−$23.6
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$16.06
Costs to cover
0.386%
Break-even
12.0 days
Slippage from Bluefin: live order book, 16 min ago; Polymarket Perps: live order book, 6 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, 16 min ago3.63 bp13.6 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Polymarket Perps live order book, 6 min ago1.02 bp5.0 bp −$56.0 bp −$6011.6 bp −$1,159doesn'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−0.0984%1h93.520−0.047%$198K$238K7xas long as short
Aftermath Perps HYPEUSD−0.0194%1h93.528−0.038%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0081%1h93.500−0.068%$703K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.553−0.012%$3K$33125xas long as short
Bullet HYPE-USD−0.0076%1h93.552−0.013%$111K$579K20xas long as short
01 Exchange HYPEUSD−0.0040%1h93.575+0.012%$86K$367K20xas long as short
BingX HYPE-USDT−0.0018%4h93.548−0.017%—$53.5M—as long as short
Orderly PERP_HYPE_USDC−0.0018%4h93.531−0.035%$145K$683K20xas long as short
Bluefin HYPE-PERPlong−0.0008%1h93.564long leg$79K$155K20x
dYdX HYPE-USD0.0000%1h93.519−0.048%$128K$26K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.570+0.007%$20K$290K10xas long as short
Bybit HYPEUSDT+0.0001%8h93.570+0.006%$315.8M$287.2M75xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.580+0.017%$83K—150xas long as short
Derive HYPE-PERP+0.0007%1h93.302−0.280%$16.2M$7.5M10xas long as short
Phoenix HYPE+0.0017%1h93.508−0.060%$208K$1.1M10xas long as short
Bitget HYPEUSDT+0.0048%4h93.565+0.001%$225.4M$99.5M75xas long as short
Paradex HYPE-USD-PERP+0.0077%8h93.594+0.032%$334K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.525−0.042%$1.0M$4.0M10xas long as short
Phemex HYPEUSDT+0.0093%8h93.566+0.002%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0095%4h93.451−0.121%$5.0M$30.6M30xas long as short
Lighter HYPE+0.0096%1h93.572+0.009%$16.1M$64.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.571+0.007%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.544−0.021%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.530−0.036%$21K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.546−0.020%$7.5M$50.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.634+0.075%$2.05B$682.4M10xas long as short
Aster HYPEUSDT+0.0100%4h93.577+0.014%$8.8M$36.9M300xas long as short
Pacifica HYPE+0.0100%1h93.573+0.010%$10.1M$15.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.573+0.010%$374.4M$928.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.559−0.005%$115.5M$314.5M50xas long as short
Gate HYPE_USDT+0.0100%4h93.553−0.012%$48.6M$55.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.569+0.005%$90.4M$84.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.558−0.006%$46.3M$18.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.561−0.003%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.449−0.123%$28.7M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.492−0.077%$7.5M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.494−0.075%$354K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.600+0.038%$678K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.609+0.048%—$243K5xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h93.569+0.005%$470K$2.8M20x
SunX HYPE-USDT+0.0100%4h93.593+0.031%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.571+0.007%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.691+0.136%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.438−0.134%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.538−0.028%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.567+0.003%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0105%8h93.630+0.071%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.560−0.004%$4.7M$6.1M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0151% / S +0.0022%1h93.597+0.035%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0199%1h93.645+0.087%$7.5M$4.2M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.530−0.036%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.535−0.031%$77K$129K15xas long as short
BloFin HYPE-USDT+0.0340%4h93.572+0.009%$16.9M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.644+0.085%$20.9M$29.5M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.590+0.028%$3.2M$6.3M20xas long as short