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 01:00 UTC+0.0267%/8h= +29.2% APRpaid last 24h +0.040%
Price spread now: HTX against Bulk+0.113%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Long on BulkShort on HTX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.042%+$4 on $10k
Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.113%, 7d avg +0.009%
Together, before fees−0.067%−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and HTX is 0.104% dearer against Bulk than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.009%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.042% in total (about 4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk HYPE-USD93.8940.0100pay 0.0013% / 1h4m 29s$204K$10K10x
ShortHTX HYPE-USDT94.0000.0367get 0.0183% / 4h3h 04m$1.5M$5.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bulk. 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
$55.97
Price spread: +0.113% → +0.009%
$10.41
Slippage, 4 orders
−$9.01
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
$38.38
Costs to cover
0.280%
Break-even
2.2 days
Slippage from Bulk: live order book, 4 min ago; HTX: live order book, 5 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 Bulk live order book, 4 min ago0.53 bp4.0 bp −$44.5 bp −$459.1 bp −$90723.2 bp −$11.6K
Sell HTX live order book, 5 min ago0.05 bp11.6 bp −$1216.9 bp −$16961.7 bp −$6,174doesn'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−0.1120%1h93.756−0.147%$198K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.785−0.116%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0194%1h93.910+0.017%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0090%1h93.810−0.089%$710K$958K10xas long as short
dYdX HYPE-USD−0.0081%1h93.953+0.063%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h93.884−0.010%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.912+0.019%$3K$33125xas long as short
Phemex HYPEUSDT−0.0047%8h93.811−0.088%$12.8M$2.6M50xas long as short
Bullet HYPE-USD−0.0046%1h93.872−0.023%$113K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0035%4h93.840−0.057%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0014%4h93.870−0.025%$44.5M$60.4M75xas long as short
Perpl HYPE0.0000%43m93.919+0.026%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.898+0.005%$27K—150xas long as short
Aster HYPEUSDT+0.0004%4h93.892−0.002%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0016%1h93.775−0.126%$16.4M$7.6M10xas long as short
Bybit HYPEUSDT+0.0025%8h93.870−0.025%$322.9M$278.6M75xas long as short
Phoenix HYPE+0.0034%1h94.045+0.161%$214K$1.2M10xas long as short
MEXC HYPE_USDT+0.0054%4h93.883−0.012%$88.3M$83.4M100xas long as short
Binance HYPEUSDT+0.0054%4h93.892−0.002%$383.4M$893.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0071%8h93.844−0.053%$116.0M$314.5M50xas long as short
edgeX HYPEUSDC+0.0074%4h93.859−0.037%$5.1M$29.7M30xas long as short
Bluefin HYPE-PERP+0.0077%1h93.786−0.115%$76K$170K20xas long as short
Lighter HYPE+0.0096%1h93.930+0.039%$18.9M$60.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.957+0.067%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.881−0.014%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.805−0.095%$399K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.983+0.095%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.900+0.007%$31K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.927+0.035%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.942+0.051%$2.05B$668.8M10xas long as short
Pacifica HYPE+0.0100%1h93.935+0.044%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.897+0.003%$46.6M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.884−0.010%$227.3M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.880−0.015%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.767−0.135%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.768−0.134%$31.3M$53.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.999+0.112%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.020+0.134%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.827−0.071%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.910+0.017%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.906+0.013%$474K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.881−0.014%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.802−0.098%$2.0M$2.0M10xas long as short
Bulk HYPE-USDlong+0.0100%1h93.894long leg$204K$10K10x
Extended HYPE-USD+0.0104%1h93.859−0.037%$18.4M$45.0M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.870−0.025%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.760−0.143%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0216%4h93.818−0.081%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h93.933+0.041%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0245%8h93.899+0.005%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.873−0.022%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0157%1h93.895+0.002%$1.4M—100xas long as short
HTX HYPE-USDTshort+0.0367%4h94.000+0.113%$1.5M$5.9M75x
Deribit HYPE_USDC-PERPETUAL+0.0400%1h93.903+0.010%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0673%1h93.890−0.004%$20.9M$29.7M50xas long as short