Settings8H · net · $10k
Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0185%/8h= +20.2% APRnext payment +$0.23 per $10,000 · paid last 24h +0.056%
Price spread now: Injective against Bulk+0.123%103s7-day average +0.142% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.719%+$72 on $10k
Price spread, last 3 days (all we have)−0.192%−$19 · spread now +0.123%, 7d avg +0.142%
Together, before fees+0.527%+$53 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.142%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk HYPE-USD93.2850.0100pay 0.0013% / 1h11m 28s$204K$12K10x
ShortInjective HYPE/USDC PERP93.4000.0285get 0.0036% / 1h11m 28s$30K$291K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$38.78
Price spread: +0.123% → +0.142%
−$1.89
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$29.87
Costs to cover
0.070%
Break-even
1.6 days
Slippage unknown: Bulk: live order book, 12 min ago; Injective: live order book, 13 min ago. Net counts fees only.

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, 12 min ago0.53 bp4.0 bp −$45.6 bp −$5611.5 bp −$1,15335.8 bp −$17.9K
Sell Injective live order book, 13 min ago15.46 bpdoesn't fitdoesn't fitdoesn'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−0.0920%1h93.381+0.103%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0255%1h93.542+0.276%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0234%1h93.410+0.134%$700K$932K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.337+0.056%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.305+0.021%$90K$351K20xas long as short
Derive HYPE-PERP−0.0025%1h93.309+0.026%$16.4M$7.1M10xas long as short
Bullet HYPE-USD−0.0016%1h93.307+0.024%$111K$581K20xas long as short
dYdX HYPE-USD0.0000%1h93.383+0.105%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.290+0.005%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.335+0.053%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0011%4h93.277−0.009%$8.9M$35.8M300xas long as short
Gate HYPE_USDT+0.0024%4h93.282−0.003%$43.9M$57.6M75xas long as short
Bybit HYPEUSDT+0.0031%8h93.280−0.005%$324.9M$287.1M75xas long as short
Popdex HYPEUSDT+0.0040%1h93.287+0.002%$58K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0057%4h93.357+0.077%$162K$541K20xas long as short
Phoenix HYPE+0.0068%1h93.605+0.343%$216K$1.2M10xas long as short
Lighter HYPE+0.0096%1h93.325+0.043%$18.6M$59.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.319+0.036%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.308+0.025%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.320+0.038%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.286+0.002%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.386+0.108%$2.03B$671.0M10xas long as short
Pacifica HYPE+0.0100%1h93.307+0.024%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.287+0.002%$385.1M$889.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.271−0.015%$114.5M$315.0M50xas long as short
Arcus HYPE-USD+0.0100%1h93.271−0.015%$1.2M$4.0M10xas long as short
Bulk HYPE-USDlong+0.0100%1h93.285long leg$204K$12K10x
MEXC HYPE_USDT+0.0100%4h93.287+0.002%$93.2M$82.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.301+0.017%$46.2M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.301+0.017%$226.7M$102.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.289+0.004%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.378+0.100%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.561+0.296%$29.2M$50.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.439+0.165%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.558+0.293%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.510+0.241%$676K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.330+0.048%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.346+0.065%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.409+0.133%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.328+0.046%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.380+0.102%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.344+0.063%$454K5xas long as short
Extended HYPE-USD+0.0104%1h93.271−0.015%$18.3M$41.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.402+0.126%$397K$318K20xas long as short
Kalshi KXHYPEPERP+0.0112%8h93.442+0.168%$1.9M$5.3M2.3xas long as short
edgeX HYPEUSDC+0.0118%4h93.534+0.267%$5.1M$29.7M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.430+0.155%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.286+0.001%$78K$158K15xas long as short
Injective HYPE/USDC PERPshort+0.0285%1h93.400+0.123%$30K$291K12x
HTX HYPE-USDT+0.0296%4h93.550+0.284%$1.5M$7.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0328%1h93.457+0.184%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.405+0.129%$17.1M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0346% / S −0.0171%1h93.401+0.124%$1.5M100xas long as short
RISEx HYPE/USDC+0.0467%1h93.365+0.085%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.449+0.176%$19.1M$26.1M50xas long as short