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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Alert: spread
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Funding you earn now, next payment 05:57 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.023%
Price spread now: Perpl against Extended+0.089%7-day average +0.055% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Perpl
What this pair did over the last
the charts below follow
Funding, last 7 days−0.170%−$17 on $10k
Price spread, last 4 days (all we have)+0.194%+$19 · spread now +0.089%, 7d avg +0.055%
Together, before fees+0.024%+ Points / potential airdropExtended: Active · Perpl: Active · farm board+$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Perpl is 0.034% dearer against Extended than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of +0.055%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 26 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.6760.0104pay 0.0013% / 1h54m 43s$18.3M$43.3M50x
ShortPerpl HYPE93.7600get 0.0000% / 43m17m 43s$22K$285K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl against Extended. 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
−$21.84
Price spread: +0.089% → +0.055%
$3.35
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$37.29
Costs to cover
0.188%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 4 min ago; Perpl: no order-book sample. 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 Extended live order book, 4 min ago0.05 bp2.6 bp −$36.4 bp −$6428.2 bp −$2,823doesn't fit
Sell Perpl no order-book sample—————
Perpl: 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−0.1224%1h93.798+0.130%$199K$243K7xas long as short
Aftermath Perps HYPEUSD−0.0267%1h94.002+0.347%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0162%1h93.650−0.028%$707K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.992+0.337%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.770+0.100%$86K$372K20xas long as short
Orderly PERP_HYPE_USDC−0.0017%4h93.724+0.051%$149K$681K20xas long as short
dYdX HYPE-USD0.0000%1h93.724+0.051%$129K$29K5xas long as short
Perpl HYPEshort0.0000%43m93.760+0.089%$22K$285K10x
Bluefin HYPE-PERP+0.0002%1h93.745+0.073%$79K$166K20xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.781+0.112%$63K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT+0.0012%4h93.708+0.034%—$53.8M—as long as short
Bybit HYPEUSDT+0.0016%8h93.634−0.045%$316.4M$287.5M75xas long as short
Phoenix HYPE+0.0026%1h93.872+0.209%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.665−0.012%$225.7M$99.5M75xas long as short
Phemex HYPEUSDT+0.0063%8h93.789+0.120%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0080%4h93.922+0.262%$5.0M$30.4M30xas long as short
Arcus HYPE-USD+0.0084%1h93.674−0.003%$1.0M$4.0M10xas long as short
Paradex HYPE-USD-PERP+0.0088%8h93.680+0.004%$340K$158K20xas long as short
ApeX Omni HYPEUSDT+0.0089%1h93.802+0.134%$348K$1.0M50xas long as short
Lighter HYPE+0.0096%1h93.653−0.025%$16.1M$63.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.659−0.019%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.750+0.079%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.750+0.079%$20K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.782+0.113%$6.4M$50.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.783+0.114%$2.05B$680.4M10xas long as short
Aster HYPEUSDT+0.0100%4h93.677+0.001%$8.9M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h93.6760.000%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.655−0.023%$375.5M$929.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.654−0.024%$115.7M$316.2M50xas long as short
Bulk HYPE-USD+0.0100%1h94.213+0.573%$217K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.684+0.008%$48.3M$54.8M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.647−0.031%$88.9M$83.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.647−0.031%$46.2M$18.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.765+0.095%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.759+0.088%$28.7M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.839+0.174%$7.7M$47.9M10xas long as short
StandX HYPE-USD+0.0100%1h93.836+0.170%$680K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.835+0.170%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.784+0.115%$475K$2.8M20xas long as short
Bullet HYPE-USD+0.0100%1h93.804+0.136%$112K$581K20xas long as short
Derive HYPE-PERP+0.0100%1h93.731+0.058%$16.4M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.861+0.197%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.752+0.081%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.961+0.304%$1.4M$6.7M75xas long as short
Extended HYPE-USDlong+0.0104%1h93.676long leg$18.3M$43.3M50x
Aevo HYPE-PERP+0.0104%1h93.755+0.084%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0109%8h93.838+0.173%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.790+0.121%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.740+0.068%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.738+0.066%$77K$130K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0294%1h93.843+0.178%$7.4M$4.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.784+0.115%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.752+0.081%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0414%1h93.828+0.162%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.798+0.130%$3.2M$6.4M20xas long as short