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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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.

Alert: spread
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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 you earn now, next payment 22:00 UTC+0.0135%/8h= +14.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.011%
Price spread now: Polymarket Perps against Derive+0.089%7-day average +0.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.033%−$3 on $10k
Price spread, last 3 days (all we have)+0.030%+$3 · spread now +0.089%, 7d avg +0.026%
Together, before fees−0.003%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Polymarket Perps is 0.062% dearer against Derive than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive HYPE-PERP93.179−0.0035get 0.0004% / 1h6m 01s$16.3M$7.1M10x
ShortPolymarket Perps HYPE-USD93.2620.0100get 0.0013% / 1h6m 01s$492K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Derive. 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
$28.31
Price spread: +0.089% → +0.026%
$6.24
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$20.55
Costs to cover
0.140%
Break-even
1.9 days
Slippage unknown: Derive: no order-book sample; Polymarket Perps: live order book, 3 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 Derive no order-book sample—————
Sell Polymarket Perps live order book, 3 min ago1.61 bp6.8 bp −$710.4 bp −$10431.7 bp −$3,168doesn't fit
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0848%1h93.321+0.152%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0253%1h93.394+0.230%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0230%1h93.210+0.033%$700K$934K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.237+0.062%$90K$358K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.236+0.061%$3K$33125xas long as short
Bullet HYPE-USD−0.0036%1h93.202+0.025%$111K$580K20xas long as short
Derive HYPE-PERPlong−0.0035%1h93.179long leg$16.3M$7.1M10x
dYdX HYPE-USD0.0000%1h93.280+0.108%$127K$32K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.335+0.167%$1.9M$5.2M2.3xas long as short
Perpl HYPE0.0000%43m93.264+0.090%$23K$334K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.270+0.097%$20K—150xas long as short
Aster HYPEUSDT+0.0011%4h93.220+0.044%$8.9M$35.8M300xas long as short
Bybit HYPEUSDT+0.0030%8h93.220+0.044%$324.6M$287.1M75xas long as short
Gate HYPE_USDT+0.0030%4h93.223+0.047%$43.9M$57.8M75xas long as short
Popdex HYPEUSDT+0.0032%1h93.232+0.057%$58K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0053%4h93.228+0.052%$165K$538K20xas long as short
Phoenix HYPE+0.0068%1h93.345+0.178%$215K$1.2M10xas long as short
SoDEX HYPE-USD+0.0084%1h93.220+0.044%$2.0M$2.0M10xas long as short
Vest HYPE-PERP+0.0086%1h93.267+0.094%—$454K5xas long as short
Bluefin HYPE-PERP+0.0096%1h93.230+0.054%$75K$168K20xas long as short
Lighter HYPE+0.0096%1h93.270+0.097%$18.6M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.256+0.082%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.244+0.070%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.250+0.076%$36K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.219+0.043%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.305+0.135%$2.03B$670.7M10xas long as short
Pacifica HYPE+0.0100%1h93.264+0.091%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.222+0.046%$384.7M$889.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.215+0.038%$114.6M$314.4M50xas long as short
Arcus HYPE-USD+0.0100%1h93.199+0.021%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285+0.113%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.221+0.045%$93.0M$82.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.228+0.052%$46.1M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.238+0.063%$226.5M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.218+0.042%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.262+0.089%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.263+0.089%$29.1M$50.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.304+0.134%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.276+0.104%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.340+0.172%$675K$2.5M20xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h93.262+0.089%$492K$2.6M20x
SunX HYPE-USDT+0.0100%4h93.270+0.097%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.274+0.102%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.208+0.031%$18.4M$41.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.196+0.018%$396K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.268+0.095%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.260+0.087%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.219+0.043%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.784%$31K$291K12xas long as short
HTX HYPE-USDT+0.0292%4h93.450+0.291%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.268+0.095%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0340%1h93.350+0.183%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.275+0.103%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.292+0.121%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.388+0.224%$19.2M$26.3M50xas long as short