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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 03:00 UTC+0.0014%/8h= +1.6% APRpaid last 24h +0.009%
Price spread now: Bybit against gTrade (Gains Network)−0.037%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Bybit
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
Funding pays, the price is against you. Bybit is 0.037% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 8.7 days of funding at the current rate ($0 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD93.147L +0.0002% / S −0.0003%pay 0.0000% / 1h53m 45s$25K—150x
ShortBybit HYPEUSDT93.1120.0017get 0.0017% / 8h5h 53m$320.6M$275.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$3.02
Price spread: −0.037% → 0.000%
−$3.75
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$21.72
Costs to cover
0.210%
Break-even
57.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago0.54 bp6.0 bp −$610.0 bp −$10016.7 bp −$1,66533.9 bp −$17.0K
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 54 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−0.1144%1h93.108−0.042%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h92.973−0.187%$1.2M$3.8M10xas long as short
Bluefin HYPE-PERP−0.0295%1h93.150+0.003%$79K$170K20xas long as short
ApeX Omni HYPEUSDT−0.0172%1h93.008−0.149%$336K$1.0M50xas long as short
01 Exchange HYPEUSD−0.0080%1h93.092−0.059%$84K$346K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.079−0.073%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0051%4h93.167+0.022%$156K$639K20xas long as short
Ondo Perps HYPE-USD.P−0.0018%1h93.000−0.158%$696K$906K10xas long as short
Phemex HYPEUSDT−0.0014%8h93.165+0.019%$12.6M$2.7M50xas long as short
Aster HYPEUSDT−0.0009%4h93.134−0.014%$8.8M$35.4M300xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX HYPE-USD0.0000%1h93.063−0.090%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.112−0.038%$22K$321K10xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0003%1h93.147long leg$25K—150x
Bullet HYPE-USD+0.0008%1h93.119−0.030%$111K$578K20xas long as short
BingX HYPE-USDT+0.0008%4h93.140−0.007%—$53.2M—as long as short
Aftermath Perps HYPEUSD+0.0014%1h93.181+0.036%$22K$21K10xas long as short
Bybit HYPEUSDTshort+0.0017%8h93.112−0.037%$320.6M$275.5M75x
Gate HYPE_USDT+0.0028%4h93.129−0.019%$44.4M$54.2M75xas long as short
Phoenix HYPE+0.0060%1h93.056−0.098%$210K$1.2M10xas long as short
MEXC HYPE_USDT+0.0076%4h93.146−0.001%$87.6M$79.9M100xas long as short
OKX HYPE-USDT-SWAP+0.0077%8h93.110−0.040%$114.4M$300.3M50xas long as short
Binance HYPEUSDT+0.0078%4h93.139−0.009%$378.3M$873.0M75xas long as short
edgeX HYPEUSDC+0.0091%4h92.963−0.198%$5.0M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.195+0.052%$16.3M$61.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.162+0.016%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.091−0.060%$68K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.117−0.032%$338K$162K20xas long as short
Derive HYPE-PERP+0.0099%1h93.140−0.007%$16.2M$7.6M10xas long as short
Katana Perps HYPE-USD+0.0100%8h93.060−0.093%$38K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.088−0.063%$5.7M$43.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.194+0.051%$2.04B$652.7M10xas long as short
Pacifica HYPE+0.0100%1h93.093−0.058%$10.0M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.149+0.002%$46.0M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.119−0.030%$225.3M$96.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.112−0.037%$7.3M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.170+0.024%$31.0M$54.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.978−0.181%$7.5M$46.3M10xas long as short
StandX HYPE-USD+0.0100%1h93.240+0.100%$665K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.124−0.025%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.108−0.042%$473K$2.4M20xas long as short
SunX HYPE-USDT+0.0100%4h93.191+0.047%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.181+0.037%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h92.998−0.160%$202K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.106−0.043%$18.3M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.177+0.032%$396K$170K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.070−0.083%$4.9M$5.4M50xas long as short
HTX HYPE-USDT+0.0215%4h93.300+0.164%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0257%1h93.086−0.066%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0273%8h93.140−0.007%$1.9M$4.8M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.121−0.028%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0437%1h93.264+0.126%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.189+0.045%$3.2M$6.7M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h92.930−0.233%$30K$338K12xas long as short
Kraken Futures PF_HYPEUSD+0.0686%1h93.247+0.107%$20.7M$29.9M50xas long as short