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 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.004%
Price spread now: OKX against dYdX+0.036%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$730.728% of the position
Long on dYdXShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.070%+$7 on $10k
Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.036%, 7d avg −0.018%
Together, before fees+0.123%+$12 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 OKX is 0.054% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX HYPE-USD93.2640get 0.0000% / 1h46m 01s$127K$32K5x
ShortOKX HYPE-USDT-SWAP93.2970.0100get 0.0100% / 8h1h 46m$114.1M$314.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.036% → −0.018%
$5.42
Slippage, 4 orders
−$52.75
Fee dYdX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$46.34
Costs to cover
0.728%
Break-even
22.4 days
Slippage from dYdX: live order book, 38 min ago; OKX: live order book, 3 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, 38 min ago25.29 bp30.3 bp −$3042.7 bp −$427131.3 bp −$13.1K547.5 bp −$273.7K
Sell OKX live order book, 3 min ago0.05 bp6.1 bp −$69.3 bp −$9318.7 bp −$1,875doesn'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
Aftermath Perps HYPEUSD−0.0333%1h93.132−0.141%$22K$22K10xas long as short
Arcus HYPE-USD−0.0131%1h93.200−0.068%$1.2M$4.0M10xas long as short
Hibachi HYPE/USDT-P−0.0096%1h93.185−0.084%$197K$231K7xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.221−0.046%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0027%1h93.120−0.154%$699K$925K10xas long as short
01 Exchange HYPEUSD−0.0008%1h93.260−0.004%$90K$362K20xas long as short
dYdX HYPE-USDlong0.0000%1h93.264long leg$127K$32K5x
Kalshi KXHYPEPERP0.0000%8h93.404+0.151%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.249−0.015%$23K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.325+0.066%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0011%4h93.307+0.047%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0016%1h93.260−0.004%$16.3M$7.1M10xas long as short
Popdex HYPEUSDT+0.0016%1h93.227−0.039%$57K$1.2M50xas long as short
Bybit HYPEUSDT+0.0031%8h93.300+0.039%$324.2M$286.9M75xas long as short
Phoenix HYPE+0.0034%1h93.178−0.092%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0039%4h93.293+0.032%$170K$521K20xas long as short
Gate HYPE_USDT+0.0064%4h93.307+0.047%$43.7M$57.7M75xas long as short
Bullet HYPE-USD+0.0092%1h93.293+0.031%$112K$579K20xas long as short
Lighter HYPE+0.0096%1h93.364+0.108%$18.5M$58.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.329+0.070%$3.0M$12.1M20xas long as short
MEXC HYPE_USDT+0.0098%4h93.309+0.049%$90.3M$81.5M100xas long as short
Binance HYPEUSDT+0.0098%4h93.307+0.047%$383.4M$892.3M75xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.259−0.005%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.230−0.036%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.226−0.040%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.344+0.086%$2.03B$671.6M10xas long as short
Pacifica HYPE+0.0100%1h93.252−0.013%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAPshort+0.0100%8h93.297+0.036%$114.1M$314.7M50x
Bulk HYPE-USD+0.0100%1h92.884−0.407%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.296+0.035%$47.2M$19.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.323+0.064%$226.2M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.308+0.048%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.324+0.065%$7.9M$11.5M20xas long as short
Variational Omni HYPE+0.0100%8h92.887−0.404%$28.9M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.983−0.301%$7.5M$45.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.003−0.279%$411K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.204−0.064%$674K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.273+0.010%$493K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.295+0.034%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.313+0.053%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.302+0.041%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.268+0.005%—$454K5xas long as short
Extended HYPE-USD+0.0104%1h93.292+0.031%$18.3M$42.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.317+0.057%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0108%4h92.923−0.365%$5.0M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.340+0.082%$4.9M$5.7M50xas long as short
Bluefin HYPE-PERP+0.0230%1h93.323+0.064%$76K$168K20xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.170−0.100%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0246%1h93.251−0.014%$78K$158K15xas long as short
RISEx HYPE/USDC+0.0280%1h93.295+0.034%$2.8M$6.8M20xas long as short
HTX HYPE-USDT+0.0283%4h93.450+0.200%$1.5M$7.7M75xas long as short
BloFin HYPE-USDT+0.0338%4h93.191−0.078%$17.0M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.309+0.048%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0382%1h93.409+0.156%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.427+0.175%$20.8M$28.6M50xas long as short