data as of
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Funding arb /

HYPE

all HYPE markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 17:00 UTC−0.0089%/8h
next payment, per $10,000−$0.11paid, last 24h+0.021%paid, last 7 days+0.128%to open and close $10k−$27
Long on DeribitShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit HYPE_USDC-PERPETUAL93.3560.0189pay 0.0024% / 1h25m 24s$7.4M$4.8M50x
ShortBackpack HYPE_USDC_PERP93.3400.0100get 0.0013% / 1h25m 24s$8.2M$10.1M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$18.69
Slippage, 4 orders
−$10.15
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$45.84
Break-even
never at this rate
Slippage from Deribit: live order book, 5 min ago; Backpack: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.017%
Avg gap 7d
−0.021%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 5 min ago3.60 bp8.5 bp −$812.0 bp −$120doesn't fitdoesn't fit
Sell Backpack live order book, 5 min ago0.05 bp5.9 bp −$69.5 bp −$95259.5 bp −$25.9Kdoesn't fit

HYPE on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hotstuff HYPE-PERP−0.0080%1h$3K$30725xas long as short
Orderly PERP_HYPE_USDC−0.0007%4h$170K$381K20xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h$55K—150xas long as short
dYdX HYPE-USD+0.0045%1h$127K$26K5xas long as short
Phemex HYPEUSDT+0.0054%8h$12.6M$2.4M50xas long as short
OKX HYPE-USDT-SWAP+0.0084%8h$114.6M$315.2M50xas long as short
Lighter RH HYPE+0.0096%1h$3.1M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h$134K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h$40K$1.8M10xas long as short
Nado HYPE-PERP+0.0100%1h$5.5M$43.0M10xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster HYPEUSDT+0.0100%4h$8.9M$35.5M300xas long as short
Pacifica HYPE+0.0100%1h$11.3M$12.4M20xas long as short
Binance HYPEUSDT+0.0100%4h$391.6M$852.4M75xas long as short
Bybit HYPEUSDT+0.0100%8h$326.3M$286.0M75xas long as short
Ondo Perps HYPE-USD.P+0.0100%1h$701K$988K10xas long as short
Arcus HYPE-USD+0.0100%1h$1.2M$4.2M10xas long as short
Bulk HYPE-USD+0.0100%1h$204K$17K10xas long as short
Gate HYPE_USDT+0.0100%4h$44.1M$54.6M75xas long as short
MEXC HYPE_USDT+0.0100%4h$90.7M$88.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h$45.1M$20.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h$228.8M$101.9M75xas long as short
BingX HYPE-USDT+0.0100%4h—$52.9M—as long as short
Backpack HYPE_USDC_PERPshort+0.0100%1h$8.2M$10.1M20x
Variational Omni HYPE+0.0100%8h$29.0M$51.0M—as long as short
ApeX Omni HYPEUSDT+0.0100%1h$429K$929K50xas long as short
StandX HYPE-USD+0.0100%1h$673K$2.2M20xas long as short
Vest HYPE-PERP+0.0100%1h—$407K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h$458K$2.4M20xas long as short
Bullet HYPE-USD+0.0100%1h$112K$579K20xas long as short
Derive HYPE-PERP+0.0100%1h$16.4M$7.3M10xas long as short
SunX HYPE-USDT+0.0100%4h$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h$18.2M$42.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h$397K$340K20xas long as short
edgeX HYPEUSDC+0.0109%4h$5.1M$28.8M30xas long as short
Perpl HYPE+0.0112%43m$31K$350K10xas long as short
Kalshi KXHYPEPERP+0.0125%8h$1.7M$4.8M2.3xas long as short
Paradex HYPE-USD-PERP+0.0125%8h$338K$287K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h$5.0M$5.5M50xas long as short
01 Exchange HYPEUSD+0.0160%1h$91K$320K20xas long as short
Lighter HYPE+0.0176%1h$18.4M$57.6M20xas long as short
Hibachi HYPE/USDT-P+0.0184%1h$195K$232K7xas long as short
Deribit HYPE_USDC-PERPETUALlong+0.0189%1h$7.4M$4.8M50x
Hyperliquid HYPE+0.0216%1h$2.02B$630.7M10xas long as short
Reya HYPERUSDPERP+0.0230%1h$73K$159K15xas long as short
Aftermath Perps HYPEUSD+0.0304%1h$22K$34K10xas long as short
BloFin HYPE-USDT+0.0340%4h$17.5M$12.0M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0355% / S −0.0175%1h$1.5M—100xas long as short
Injective HYPE/USDC PERP+0.0356%1h$23K$256K12xas long as short
Phoenix HYPE+0.0386%1h$294K$1.0M10xas long as short
Kraken Futures PF_HYPEUSD+0.0409%1h$16.4M$20.8M50xas long as short
RISEx HYPE/USDC+0.0620%1h$2.5M$7.3M20xas long as short
HTX HYPE-USDT+0.0818%4h$1.5M$7.0M75xas long as short
Bluefin HYPE-PERP+0.4356%1h$73K$188K20xas long as short