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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 08:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: StandX against gTrade (Gains Network)−0.040%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$285as in the Price arb table
costs, in and out, $10k−$2812.807% of the position
Long on gTrade (Gains Network)Short on StandX
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—+ Points / potential airdropStandX: Active · farm boardneeds both histories
Funding pays, the price is against you. StandX is 0.040% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD94.195L +0.0002% / S 0.0000%pay 0.0000% / 1h58m 06s$117K—150x
ShortStandX HYPE-USD94.1570.0100get 0.0013% / 1h58m 06s$681K$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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: −0.040% → 0.000%
−$3.98
Slippage, 4 orders
−$262.67
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$264.06
Costs to cover
2.807%
Break-even
96.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 11 min ago; StandX: live order book, 1 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 gTrade (Gains Network) virtual book (oracle venue), 11 min ago130.01 bp135.0 bp −$135135.0 bp −$1,350731.2 bp −$73.1K7341.5 bp −$3.67M
Sell StandX live order book, 1 min ago1.33 bp5.3 bp −$55.7 bp −$5717.8 bp −$1,777doesn'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−0.1096%1h94.080−0.121%$201K$235K7xas long as short
Bluefin HYPE-PERP−0.0467%1h94.128−0.071%$79K$155K20xas long as short
Ondo Perps HYPE-USD.P−0.0341%1h94.090−0.111%$709K$1.2M10xas long as short
Bullet HYPE-USD−0.0326%1h94.152−0.045%$111K$576K20xas long as short
Aftermath Perps HYPEUSD−0.0169%1h94.212+0.019%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0144%1h94.154−0.043%$87K$366K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.103−0.097%$3K$33125xas long as short
Arcus HYPE-USD−0.0045%1h94.128−0.071%$1.0M$3.5M10xas long as short
Bybit HYPEUSDT−0.0011%8h94.133−0.065%$317.1M$289.7M75xas long as short
Orderly PERP_HYPE_USDC−0.0008%4h94.131−0.067%$146K$685K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0006%4h94.147−0.050%—$53.5M—as long as short
dYdX HYPE-USD0.0000%1h94.176−0.020%$129K$26K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.212+0.019%$1.8M$5.6M2.3xas long as short
Perpl HYPE0.0000%43m94.157−0.040%$19K$287K10xas long as short
Derive HYPE-PERP+0.0001%1h94.110−0.090%$16.4M$7.5M10xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S 0.0000%1h94.195long leg$117K—150x
Phoenix HYPE+0.0017%1h94.254+0.063%$208K$1.1M10xas long as short
Lighter HYPE+0.0032%1h94.160−0.036%$16.3M$63.8M20xas long as short
Bitget HYPEUSDT+0.0042%4h94.148−0.049%$226.5M$100.0M75xas long as short
Paradex HYPE-USD-PERP+0.0059%8h94.139−0.059%$336K$156K20xas long as short
Phemex HYPEUSDT+0.0060%8h94.143−0.055%$12.8M$2.9M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0064%1h94.210+0.016%$4.7M$6.2M50xas long as short
edgeX HYPEUSDC+0.0082%4h94.140−0.058%$5.0M$30.8M30xas long as short
Polymarket Perps HYPE-USD+0.0088%1h94.156−0.041%$495K$2.8M20xas long as short
OKX HYPE-USDT-SWAP+0.0089%8h94.158−0.039%$117.4M$322.5M50xas long as short
Lighter RH HYPE+0.0096%1h94.163−0.033%$3.2M$10.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.143−0.055%$79K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.180−0.015%$14K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.139−0.058%$7.3M$50.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.247+0.056%$2.07B$689.2M10xas long as short
Aster HYPEUSDT+0.0100%4h94.167−0.029%$8.8M$37.2M300xas long as short
Pacifica HYPE+0.0100%1h94.143−0.055%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h94.159−0.038%$376.8M$932.8M75xas long as short
Bulk HYPE-USD+0.0100%1h94.065−0.137%$217K$12K10xas long as short
Gate HYPE_USDT+0.0100%4h94.148−0.049%$49.5M$55.9M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.154−0.043%$90.8M$81.7M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.153−0.044%$46.9M$18.6M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.143−0.055%$7.6M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.059−0.144%$29.1M$55.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.167−0.029%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.120−0.079%$362K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h94.157−0.040%$681K$2.7M20x
Vest HYPE-PERP+0.0100%1h94.182−0.013%—$243K5xas long as short
SunX HYPE-USDT+0.0100%4h94.216+0.023%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.164−0.032%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.307+0.119%$1.4M$6.8M75xas long as short
Extended HYPE-USD+0.0104%1h94.137−0.061%$18.3M$43.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.158−0.039%$398K$159K20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0151% / S +0.0021%1h94.194−0.001%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0185%1h94.550+0.377%$31K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0223%1h94.224+0.032%$20.2M$30.3M50xas long as short
RISEx HYPE/USDC+0.0249%1h94.174−0.022%$3.2M$6.4M20xas long as short
Reya HYPERUSDPERP+0.0272%1h94.125−0.074%$82K$134K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0281%1h94.260+0.070%$7.4M$4.3M50xas long as short
BloFin HYPE-USDT+0.0340%4h94.136−0.062%$17.0M$12.4M75xas long as short