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 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: SoDEX against Derive+0.010%7-day average +0.030% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.030%+$3 on $10k
Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.010%, 7d avg +0.030%
Together, before fees+0.038%+$4 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: SoDEX is 0.020% cheaper against Derive than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive HYPE-PERP93.5210.0100pay 0.0013% / 1h48m 59s$16.1M$7.5M10x
ShortSoDEX HYPE-USD93.5300.0100get 0.0013% / 1h48m 59s$2.0M$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0
Price spread: +0.010% → +0.030%
−$2.01
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$16.01
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Derive: no order-book sample; SoDEX: 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 Derive no order-book sample—————
Sell SoDEX live order book, 5 min ago0.05 bp6.9 bp −$713.1 bp −$13199.0 bp −$9,899doesn'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−0.1848%1h93.418−0.109%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0365%1h93.494−0.028%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.494−0.028%$3K$33125xas long as short
Bullet HYPE-USD−0.0046%1h93.542+0.023%$111K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0032%4h93.520−0.001%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0032%1h93.528+0.008%$88K$365K20xas long as short
Ondo Perps HYPE-USD.P−0.0011%1h93.580+0.064%$704K$1.2M10xas long as short
dYdX HYPE-USD0.0000%1h93.530+0.010%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.508−0.013%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.559+0.041%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0011%1h93.473−0.051%$1.0M$3.9M10xas long as short
Bitget HYPEUSDT+0.0018%4h93.676+0.166%$226.7M$99.1M75xas long as short
Phemex HYPEUSDT+0.0024%8h93.557+0.039%$12.6M$2.7M50xas long as short
Bybit HYPEUSDT+0.0025%8h93.635+0.122%$318.5M$283.7M75xas long as short
Phoenix HYPE+0.0026%1h93.701+0.193%$210K$1.2M10xas long as short
edgeX HYPEUSDC+0.0083%4h93.497−0.025%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.552+0.034%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.544+0.026%$16.2M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.539+0.020%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.501−0.021%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.500−0.022%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.511−0.010%$7.6M$48.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.585+0.069%$2.04B$666.7M10xas long as short
Aster HYPEUSDT+0.0100%4h93.616+0.102%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.547+0.028%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.620+0.106%$375.4M$911.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.648+0.136%$114.9M$309.9M50xas long as short
Bulk HYPE-USD+0.0100%1h93.614+0.100%$204K$3K10xas long as short
Gate HYPE_USDT+0.0100%4h93.561+0.043%$46.5M$54.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.674+0.164%$92.2M$80.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.545+0.026%$46.8M$18.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.571+0.054%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.582+0.066%$7.3M$10.9M20xas long as short
Variational Omni HYPE+0.0100%8h93.649+0.137%$28.7M$56.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.675+0.165%$7.6M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.596+0.081%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.626+0.113%$670K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.574+0.057%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.527+0.007%$490K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.517−0.004%$79K$166K20xas long as short
Derive HYPE-PERPlong+0.0100%1h93.521long leg$16.1M$7.5M10x
SunX HYPE-USDT+0.0100%4h93.494−0.028%$32K$1.6M20xas long as short
SoDEX HYPE-USDshort+0.0100%1h93.530+0.010%$2.0M$1.9M10x
HTX HYPE-USDT+0.0100%4h93.670+0.160%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.654+0.143%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.539+0.020%$395K$161K20xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.569+0.052%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.440−0.086%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.560+0.042%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.496−0.026%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.554+0.036%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.529+0.009%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0340%1h93.613+0.098%$20.9M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0434%1h93.635+0.122%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.568+0.051%$3.2M$6.3M20xas long as short