Settings8H · net · $10k
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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 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.022%
Price spread now: KuCoin against dYdX+0.024%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$720.723% of the position
Long on dYdXShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.132%+$13 on $10k
Price spread, last 4 days (all we have)+0.091%+$9 · spread now +0.024%, 7d avg −0.002%
Together, before fees+0.223%+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.026% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX HYPE-USD93.5250get 0.0000% / 1h41m 23s$128K$28K5x
ShortKuCoin HYPEUSDTM93.5480.0100get 0.0050% / 4h1h 41m$46.3M$18.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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
$21
Price spread: +0.024% → −0.002%
$2.6
Slippage, 4 orders
−$50.31
Fee dYdX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$48.7
Costs to cover
0.723%
Break-even
23.2 days
Slippage from dYdX: live order book, 3 min ago; KuCoin: live order book, 8 min ago.

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, 3 min ago21.17 bp26.2 bp −$2628.3 bp −$28394.6 bp −$9,460267.6 bp −$133.8K
Sell KuCoin live order book, 8 min ago0.48 bp9.7 bp −$1014.9 bp −$149doesn'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−0.1080%1h93.426−0.106%$198K$241K7xas long as short
Aftermath Perps HYPEUSD−0.0215%1h93.657+0.140%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0125%1h93.510−0.016%$704K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.505−0.022%$3K$33125xas long as short
Bullet HYPE-USD−0.0071%1h93.529+0.004%$111K$580K20xas long as short
01 Exchange HYPEUSD−0.0056%1h93.539+0.015%$86K$370K20xas long as short
Bluefin HYPE-PERP−0.0030%1h93.542+0.018%$79K$155K20xas long as short
Orderly PERP_HYPE_USDC−0.0022%4h93.470−0.059%$145K$685K20xas long as short
dYdX HYPE-USDlong0.0000%1h93.525long leg$128K$28K5x
Kalshi KXHYPEPERP0.0000%8h93.613+0.094%$1.8M$5.6M2.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.580+0.058%$20K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.543+0.019%$83K—150xas long as short
BingX HYPE-USDT+0.0004%4h93.519−0.007%—$53.7M—as long as short
Bybit HYPEUSDT+0.0005%8h93.469−0.060%$315.5M$288.6M75xas long as short
Derive HYPE-PERP+0.0013%1h93.443−0.088%$16.3M$7.4M10xas long as short
Phoenix HYPE+0.0017%1h93.654+0.138%$207K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.500−0.027%$225.4M$99.6M75xas long as short
Paradex HYPE-USD-PERP+0.0078%8h93.575+0.053%$334K$161K20xas long as short
edgeX HYPEUSDC+0.0082%4h93.576+0.054%$5.0M$30.6M30xas long as short
Arcus HYPE-USD+0.0084%1h93.518−0.008%$1.0M$4.0M10xas long as short
Phemex HYPEUSDT+0.0084%8h93.550+0.026%$12.8M$2.8M50xas long as short
Popdex HYPEUSDT+0.0088%1h93.512−0.014%$78K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.529+0.004%$16.1M$63.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.532+0.007%$3.1M$11.1M20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.510−0.016%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.499−0.028%$7.4M$51.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.631+0.113%$2.05B$683.3M10xas long as short
Aster HYPEUSDT+0.0100%4h93.541+0.017%$8.8M$37.2M300xas long as short
Pacifica HYPE+0.0100%1h93.587+0.066%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.535+0.011%$374.9M$931.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.481−0.047%$115.5M$315.5M50xas long as short
Gate HYPE_USDT+0.0100%4h93.524−0.001%$48.4M$55.1M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.541+0.017%$89.7M$83.7M100xas long as short
KuCoin HYPEUSDTMshort+0.0100%4h93.548+0.024%$46.3M$18.7M75x
Backpack HYPE_USDC_PERP+0.0100%1h93.527+0.002%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.579+0.057%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.547+0.023%$7.5M$48.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.589+0.068%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.548+0.024%$678K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.592+0.071%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.546+0.022%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.565+0.042%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.522−0.004%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.659+0.143%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.507−0.019%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.473−0.056%$18.2M$43.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.523−0.002%$395K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.590+0.069%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.510−0.016%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.518−0.008%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.560+0.037%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.512−0.014%$17.0M$12.2M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0359%1h93.613+0.094%$7.4M$4.2M50xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.606+0.086%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.576+0.054%$3.2M$6.4M20xas long as short