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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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%
Price spread now: Pacifica against Bullet+0.057%7-day average −0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BulletShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.013%+$1 on $10k
Price spread, last 4 days (all we have)−1.204%−$120 · spread now +0.057%, 7d avg −0.003%
Together, before fees−1.190%+ Points / potential airdropPacifica: Active · farm board−$119 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.060% dearer against Bullet than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.1900.0100pay 0.0013% / 1h59m 10s$112K$578K20x
ShortPacifica HYPE93.2430.0100get 0.0013% / 1h59m 10s$10.0M$14.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$0
Price spread: +0.057% → −0.003%
$5.98
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$10.02
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Bullet: live order book, 5 min ago; Pacifica: live order book, 5 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 Bullet live order book, 5 min ago0.48 bp6.0 bp −$612.1 bp −$121doesn't fitdoesn't fit
Sell Pacifica live order book, 5 min ago0.05 bp4.1 bp −$4doesn't fitdoesn't fitdoesn't fit

HYPE on 54 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−0.1128%1h93.185−0.005%$196K$226K7xas long as short
Arcus HYPE-USD−0.0786%1h93.097−0.099%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0254%1h93.090−0.107%$698K$903K10xas long as short
Bluefin HYPE-PERP−0.0180%1h93.168−0.023%$79K$170K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.198+0.009%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.205+0.016%$84K$346K20xas long as short
Orderly PERP_HYPE_USDC−0.0051%4h93.164−0.028%$156K$640K20xas long as short
Phemex HYPEUSDT−0.0041%8h93.198+0.009%$12.6M$2.7M50xas long as short
Aster HYPEUSDT−0.0006%4h93.185−0.005%$8.8M$35.4M300xas long as short
dYdX HYPE-USD0.0000%1h93.189−0.001%$128K$31K5xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.196+0.007%$22K$321K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.208+0.019%$25K—150xas long as short
Aftermath Perps HYPEUSD+0.0008%1h93.363+0.186%$22K$21K10xas long as short
Bybit HYPEUSDT+0.0011%8h93.174−0.017%$319.6M$275.5M75xas long as short
BingX HYPE-USDT+0.0012%4h93.179−0.011%—$53.2M—as long as short
Gate HYPE_USDT+0.0018%4h93.167−0.024%$44.3M$54.0M75xas long as short
Phoenix HYPE+0.0060%1h93.318+0.138%$210K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h93.174−0.017%$114.4M$300.5M50xas long as short
MEXC HYPE_USDT+0.0078%4h93.194+0.005%$87.9M$79.6M100xas long as short
Binance HYPEUSDT+0.0078%4h93.205+0.017%$379.0M$874.7M75xas long as short
edgeX HYPEUSDC+0.0083%4h93.256+0.071%$5.0M$30.1M30xas long as short
Lighter HYPE+0.0096%1h93.223+0.036%$16.2M$61.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.210+0.022%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.188−0.002%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.263+0.079%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.210+0.022%$12K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.201+0.012%$5.7M$43.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.290+0.108%$2.04B$658.5M10xas long as short
Pacifica HYPEshort+0.0100%1h93.243+0.057%$10.0M$14.6M20x
Bulk HYPE-USD+0.0100%1h93.335+0.156%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.215+0.027%$46.1M$17.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.175−0.016%$225.4M$96.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.155−0.037%$7.4M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.219+0.031%$31.1M$54.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.419+0.246%$7.5M$46.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.263+0.079%$337K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.250+0.065%$665K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.252+0.067%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.213+0.025%$474K$2.4M20xas long as short
Bullet HYPE-USDlong+0.0100%1h93.190long leg$112K$578K20x
Derive HYPE-PERP+0.0100%1h93.171−0.020%$16.2M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.298+0.116%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.194+0.005%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.171−0.020%$18.3M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.191+0.002%$396K$170K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.230+0.043%$4.9M$5.4M50xas long as short
HTX HYPE-USDT+0.0206%4h93.361+0.184%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0256%1h93.181−0.010%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0278%8h93.248+0.063%$1.9M$4.8M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.209+0.021%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0372%1h93.280+0.097%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.278+0.095%$3.2M$6.7M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.170−0.021%$30K$338K12xas long as short
Kraken Futures PF_HYPEUSD+0.0686%1h93.276+0.093%$20.8M$30.0M50xas long as short