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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 00:00 UTC−0.0002%/8h= −0.3% APRnext payment −$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: 01 Exchange against gTrade (Gains Network)+0.027%48s7-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 01 Exchange
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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: 01 Exchange is 0.027% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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/USD94.100L +0.0002% / S −0.0003%pay 0.0000% / 1h38m 35s$27K—150x
Short01 Exchange HYPEUSD94.1250get 0.0000% / 1h38m 35s$87K$365K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$0.48
Price spread: +0.027% → 0.000%
$2.67
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$14.81
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; 01 Exchange: live order book, 41 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 01 Exchange live order book, 41 min ago0.11 bp6.4 bp −$69.1 bp −$91doesn't fitdoesn't fit
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−0.0672%1h93.967−0.141%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0410%1h94.095−0.005%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h94.003−0.103%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.099−0.001%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0016%1h94.010−0.096%$704K$908K10xas long as short
dYdX HYPE-USD0.0000%1h94.120+0.022%$128K$30K5xas long as short
01 Exchange HYPEUSDshort0.0000%1h94.125+0.027%$87K$365K20x
Perpl HYPE0.0000%43m94.152+0.055%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0003%1h94.100long leg$27K—150x
Orderly PERP_HYPE_USDC+0.0008%4h94.079−0.022%$164K$579K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0009%1h94.116+0.017%$215K$1.2M10xas long as short
Bybit HYPEUSDT+0.0021%8h94.120+0.021%$324.1M$282.7M75xas long as short
Aster HYPEUSDT+0.0035%4h94.088−0.013%$8.9M$35.9M300xas long as short
Derive HYPE-PERP+0.0052%1h94.024−0.081%$16.5M$7.1M10xas long as short
Phemex HYPEUSDT+0.0059%8h94.071−0.031%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0070%4h94.080−0.021%$88.9M$81.2M100xas long as short
Binance HYPEUSDT+0.0071%4h94.130+0.032%$385.4M$891.2M75xas long as short
edgeX HYPEUSDC+0.0076%4h94.051−0.052%$5.1M$29.8M30xas long as short
Gate HYPE_USDT+0.0080%4h94.077−0.024%$44.6M$58.7M75xas long as short
Lighter HYPE+0.0096%1h94.131+0.033%$19.0M$59.7M20xas long as short
Lighter RH HYPE+0.0096%1h94.111+0.012%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.130+0.032%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h94.089−0.012%$400K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.090−0.010%$342K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.160+0.064%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.124+0.026%$5.7M$44.3M10xas long as short
Pacifica HYPE+0.0100%1h94.120+0.021%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h94.130+0.032%$116.0M$320.2M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.114+0.015%$47.2M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.141+0.044%$228.0M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h94.082−0.019%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.099−0.001%$7.9M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h94.033−0.071%$31.4M$53.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.098−0.002%$7.6M$45.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.049−0.054%$335K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.077−0.024%$680K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h94.142+0.045%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.144+0.047%$492K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h94.061−0.041%$112K$579K20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.084−0.017%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h94.093−0.007%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.076−0.025%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.120+0.021%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.000−0.106%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h94.070−0.032%$18.4M$42.6M50xas long as short
Kalshi KXHYPEPERP+0.0134%8h94.120+0.021%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.150+0.053%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0225%4h94.257+0.167%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0248%1h94.120+0.021%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0283%4h94.068−0.034%$17.0M$12.6M75xas long as short
RISEx HYPE/USDC+0.0284%1h94.159+0.063%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h94.094−0.006%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0345%1h94.179+0.084%$7.4M$4.6M50xas long as short
Hyperliquid HYPE+0.0421%1h94.211+0.118%$2.05B$667.1M10xas long as short
Kraken Futures PF_HYPEUSD+0.0576%1h94.192+0.098%$21.1M$29.2M50xas long as short