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 03:00 UTC+0.0095%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.010%
Price spread now: Bulk against Bullet+0.019%7-day average +0.023% · 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−$22as in the Price arb table
costs, in and out, $10k−$220.215% of the position
Long on BulletShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.014%+$1 on $10k
Price spread, last 4 days (all we have)−0.360%−$36 · spread now +0.019%, 7d avg +0.023%
Together, before fees−0.346%−$35 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.1370.0005pay 0.0001% / 1h8m 46s$111K$579K20x
ShortBulk HYPE-USD93.1550.0100get 0.0013% / 1h8m 46s$203K$10K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against Bullet. 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
$20.05
Price spread: +0.019% → +0.023%
−$0.38
Slippage, 4 orders
−$6.54
Fee Bullet: 4 bp × 2 orders
−$8
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$1.86
Costs to cover
0.215%
Break-even
7.7 days
Slippage from Bullet: live order book, 55 min ago; Bulk: live order book, 55 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 Bullet live order book, 55 min ago0.48 bp6.0 bp −$612.1 bp −$121doesn't fitdoesn't fit
Sell Bulk live order book, 55 min ago0.54 bp4.0 bp −$47.0 bp −$7014.5 bp −$1,44727.4 bp −$13.7K

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−0.0976%1h93.211+0.080%$197K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.011−0.135%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0132%1h93.090−0.050%$698K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.163+0.028%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0077%1h93.219+0.089%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0056%1h93.151+0.015%$85K$345K20xas long as short
Orderly PERP_HYPE_USDC−0.0048%4h93.121−0.017%$155K$654K20xas long as short
dYdX HYPE-USD0.0000%1h93.148+0.012%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.155+0.019%$23K$316K10xas long as short
Phemex HYPEUSDT+0.0001%8h93.163+0.028%$12.6M$2.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.164+0.029%$62K—150xas long as short
Bullet HYPE-USDlong+0.0005%1h93.137long leg$111K$579K20x
Aster HYPEUSDT+0.0022%4h93.114−0.024%$8.8M$35.9M300xas long as short
Phoenix HYPE+0.0026%1h93.210+0.078%$213K$1.2M10xas long as short
BingX HYPE-USDT+0.0036%4h93.065−0.077%—$53.0M—as long as short
Gate HYPE_USDT+0.0046%4h93.102−0.038%$44.5M$55.6M75xas long as short
Bybit HYPEUSDT+0.0047%8h93.052−0.091%$320.1M$277.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.047−0.097%$113.8M$298.5M50xas long as short
Derive HYPE-PERP+0.0086%1h93.110−0.028%$16.2M$7.5M10xas long as short
Binance HYPEUSDT+0.0095%4h93.051−0.092%$376.2M$880.2M75xas long as short
Lighter HYPE+0.0096%1h93.105−0.034%$16.2M$62.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.086−0.055%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.138+0.001%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.153+0.017%$339K$162K20xas long as short
MEXC HYPE_USDT+0.0098%4h93.097−0.043%$89.4M$81.2M100xas long as short
Katana Perps HYPE-USD+0.0100%8h93.120−0.018%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.125−0.013%$5.8M$43.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.136−0.001%$2.03B$653.5M10xas long as short
Pacifica HYPE+0.0100%1h93.160+0.025%$10.0M$14.8M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.118−0.020%$45.8M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.061−0.082%$225.1M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.139+0.002%$7.3M$10.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.197+0.064%$31.4M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.289+0.163%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.125−0.013%$338K$998K50xas long as short
StandX HYPE-USD+0.0100%1h93.310+0.186%$667K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.201+0.069%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.158+0.023%$472K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.095−0.045%$79K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.168+0.033%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.1370.000%$2.0M$2.0M10xas long as short
Bulk HYPE-USDshort+0.0100%1h93.155+0.019%$203K$10K10x
Extended HYPE-USD+0.0104%1h93.075−0.067%$18.3M$42.8M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.109−0.030%$396K$162K20xas long as short
edgeX HYPEUSDC+0.0104%4h93.205+0.073%$5.0M$28.9M30xas long as short
HTX HYPE-USDT+0.0128%4h93.262+0.134%$1.4M$6.0M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.200+0.068%$4.8M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0259%1h93.106−0.034%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0271%8h93.193+0.060%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0156%1h93.159+0.024%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.118−0.020%$16.9M$11.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0415%1h93.233+0.103%$7.4M$4.3M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.209+0.077%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.390+0.272%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0687%1h93.188+0.055%$20.7M$29.8M50xas long as short