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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0239%/8h= +26.1% APRnext payment +$0.30 per $10,000 · paid last 24h +0.083%
Price spread now: Injective against dYdX−0.128%7-day average +0.177% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on dYdXShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days+2.447%+$245 on $10k
Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.128%, 7d avg +0.177%
Together, before fees+2.448%+$245 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.306% cheaper against dYdX than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of +0.177%). If the spread goes back, that is −$31 on $10k: about 4.3 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+2.447% in total) that is about 21 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX HYPE-USD93.2800get 0.0000% / 1h59m 17s$127K$32K5x
ShortInjective HYPE/USDC PERP93.1600.0239get 0.0030% / 1h59m 17s$30K$291K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against dYdX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$50.13
Price spread: −0.128% → +0.177%
−$30.59
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$9.52
Costs to cover
0.100%
Break-even
5.7 days
Slippage unknown: dYdX: live order book, 25 min ago; Injective: live order book, 25 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 dYdX live order book, 25 min ago25.29 bp30.3 bp −$3042.7 bp −$427131.3 bp −$13.1K547.5 bp −$273.7K
Sell Injective live order book, 25 min ago15.46 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

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−0.0768%1h93.294+0.015%$197K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0276%1h93.283+0.003%$22K$22K10xas long as short
Arcus HYPE-USD−0.0131%1h93.201−0.085%$1.2M$4.1M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.214−0.071%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0076%1h93.150−0.139%$701K$932K10xas long as short
Derive HYPE-PERP−0.0037%1h93.209−0.076%$16.4M$7.1M10xas long as short
Bullet HYPE-USD−0.0033%1h93.243−0.039%$111K$580K20xas long as short
dYdX HYPE-USDlong0.0000%1h93.280long leg$127K$32K5x
01 Exchange HYPEUSD0.0000%1h93.291+0.012%$90K$360K20xas long as short
Kalshi KXHYPEPERP0.0000%8h93.335+0.059%$1.9M$5.3M2.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.251−0.031%$23K$334K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.299+0.020%$20K—150xas long as short
Aster HYPEUSDT+0.0008%4h93.255−0.027%$8.9M$35.8M300xas long as short
Bybit HYPEUSDT+0.0028%8h93.247−0.035%$324.8M$287.2M75xas long as short
Gate HYPE_USDT+0.0036%4h93.273−0.007%$44.0M$56.3M75xas long as short
Orderly PERP_HYPE_USDC+0.0049%4h93.281+0.001%$167K$512K20xas long as short
Phoenix HYPE+0.0068%1h93.358+0.084%$216K$1.2M10xas long as short
Vest HYPE-PERP+0.0078%1h93.279−0.001%—$454K5xas long as short
Lighter HYPE+0.0096%1h93.308+0.030%$18.6M$58.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.287+0.008%$3.1M$12.0M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.263−0.018%$57K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.237−0.046%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.260−0.021%$36K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.254−0.027%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.304+0.026%$2.03B$671.9M10xas long as short
Pacifica HYPE+0.0100%1h93.246−0.036%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.269−0.011%$384.8M$889.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.251−0.031%$114.7M$314.7M50xas long as short
Bulk HYPE-USD+0.0100%1h93.271−0.009%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.275−0.005%$92.7M$80.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.263−0.018%$46.2M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.285+0.006%$226.5M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.257−0.024%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.265−0.016%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.252−0.030%$29.1M$50.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.313+0.035%$7.5M$44.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.276−0.004%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.324+0.047%$675K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.297+0.018%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.278−0.002%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.299+0.021%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.265−0.016%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.263−0.018%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.262−0.019%$18.4M$41.8M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.291+0.012%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0111%4h93.275−0.005%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.360+0.086%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERPshort+0.0239%1h93.160−0.128%$30K$291K12x
Reya HYPERUSDPERP+0.0246%1h93.268−0.013%$78K$158K15xas long as short
RISEx HYPE/USDC+0.0280%1h93.301+0.023%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0296%1h93.375+0.102%$7.4M$4.6M50xas long as short
HTX HYPE-USDT+0.0301%4h93.485+0.220%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.291+0.011%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.267−0.014%$17.0M$12.4M75xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.432+0.163%$19.8M$27.0M50xas long as short