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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 07:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.020%
Price spread now: Binance against gTrade (Gains Network)+0.076%102s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Binance
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.076% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD93.520L +0.0002% / S −0.0001%pay 0.0000% / 1h29m 43s$83K—150x
ShortBinance HYPEUSDT93.5910.0100get 0.0050% / 4h1h 29m$374.5M$929.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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
$20.6
Price spread: +0.076% → 0.000%
$7.57
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
$8.17
Costs to cover
0.200%
Break-even
4.2 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 14 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 gTrade (Gains Network) no order-book sample—————
Sell Binance live order book, 14 min ago0.05 bp5.4 bp −$56.8 bp −$6814.9 bp −$1,49433.8 bp −$16.9K
gTrade (Gains Network): 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−0.1000%1h93.453−0.072%$198K$240K7xas long as short
Aftermath Perps HYPEUSD−0.0194%1h93.498−0.024%$22K$21K10xas long as short
Bullet HYPE-USD−0.0086%1h93.533+0.013%$111K$579K20xas long as short
Ondo Perps HYPE-USD.P−0.0083%1h93.420−0.107%$703K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.493−0.029%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0048%1h93.558+0.040%$86K$369K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.537+0.018%$145K$685K20xas long as short
Bluefin HYPE-PERP−0.0017%1h93.544+0.025%$79K$155K20xas long as short
dYdX HYPE-USD0.0000%1h93.519−0.001%$128K$26K5xas long as short
Bybit HYPEUSDT0.0000%8h93.566+0.049%$315.7M$287.9M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.513−0.007%$20K$290K10xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0001%1h93.520long leg$83K—150x
BingX HYPE-USDT+0.0002%4h93.573+0.056%—$53.5M—as long as short
Derive HYPE-PERP+0.0007%1h93.302−0.233%$16.2M$7.5M10xas long as short
Phoenix HYPE+0.0017%1h93.508−0.013%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0046%4h93.578+0.062%$225.4M$99.5M75xas long as short
Paradex HYPE-USD-PERP+0.0077%8h93.618+0.105%$334K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.570+0.053%$1.0M$4.0M10xas long as short
edgeX HYPEUSDC+0.0084%4h93.440−0.085%$5.0M$30.6M30xas long as short
Phemex HYPEUSDT+0.0093%8h93.557+0.039%$12.8M$2.8M50xas long as short
Lighter HYPE+0.0096%1h93.574+0.058%$16.1M$64.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.587+0.071%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.525+0.005%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.570+0.053%$21K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.510−0.010%$7.5M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.654+0.143%$2.05B$682.4M10xas long as short
Aster HYPEUSDT+0.0100%4h93.598+0.083%$8.8M$37.0M300xas long as short
Pacifica HYPE+0.0100%1h93.613+0.099%$10.1M$15.5M20xas long as short
Binance HYPEUSDTshort+0.0100%4h93.591+0.076%$374.5M$929.3M75x
OKX HYPE-USDT-SWAP+0.0100%8h93.568+0.051%$115.5M$314.7M50xas long as short
Gate HYPE_USDT+0.0100%4h93.583+0.067%$48.6M$55.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.592+0.077%$90.5M$84.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.574+0.058%$46.3M$18.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.561+0.044%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.449−0.077%$28.7M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.469−0.055%$7.5M$48.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.494−0.028%$354K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.466−0.058%$677K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.584+0.068%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.570+0.053%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.584+0.068%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.560+0.043%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.700+0.192%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.438−0.088%$216K$15K10xas long as short
Kalshi KXHYPEPERP+0.0104%8h93.542+0.023%$1.8M$5.6M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.564+0.047%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.549+0.031%$395K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.600+0.085%$4.7M$6.1M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0152% / S +0.0022%1h93.515−0.005%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.460−0.064%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.543+0.024%$77K$129K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0284%1h93.642+0.130%$7.5M$4.2M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.489−0.033%$16.9M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.626+0.113%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.563+0.046%$3.2M$6.4M20xas long as short