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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.058%
Price spread now: Hyperliquid against Gate+0.066%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$290.290% of the position
Long on GateShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.151%+$15 on $10k
Price spread, last 7 days−0.069%−$7 · spread now +0.066%, 7d avg +0.026%
Together, before fees+0.083%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.040% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.0530.0058pay 0.0029% / 4h3h 11m$45.5M$54.7M75x
ShortHyperliquid HYPE93.1140.0100get 0.0013% / 1h11m 01s$2.03B$670.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$8.82
Price spread: +0.066% → +0.026%
$4
Slippage, 4 orders
−$4.97
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$16.15
Costs to cover
0.290%
Break-even
19.8 days
Slippage from Gate: live order book, 3 min ago; Hyperliquid: live order book, 13 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 Gate live order book, 3 min ago0.43 bp8.4 bp −$815.9 bp −$15931.4 bp −$3,14353.7 bp −$26.9K
Sell Hyperliquid live order book, 13 min ago0.05 bp5.8 bp −$6doesn't fitdoesn't fitdoesn'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−0.1808%1h93.008−0.048%$194K$231K7xas long as short
Aftermath Perps HYPEUSD−0.0321%1h93.016−0.040%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.045−0.009%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.0530.000%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0052%4h93.043−0.011%$146K$671K20xas long as short
dYdX HYPE-USD0.0000%1h93.075+0.024%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.060+0.008%$22K$293K10xas long as short
Ondo Perps HYPE-USD.P+0.0001%1h92.970−0.089%$700K$1.1M10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.100+0.051%$62K—150xas long as short
Bullet HYPE-USD+0.0007%1h93.065+0.013%$111K$578K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0016%1h93.108+0.059%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h93.056+0.003%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0027%8h93.052−0.001%$317.4M$284.4M75xas long as short
Phemex HYPEUSDT+0.0028%8h93.033−0.021%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0036%4h93.064+0.012%$225.1M$98.8M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.081+0.030%$76K$1.1M50xas long as short
Gate HYPE_USDTlong+0.0058%4h93.053long leg$45.5M$54.7M75x
Paradex HYPE-USD-PERP+0.0096%8h93.109+0.060%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.076+0.024%$16.0M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.085+0.034%$3.1M$11.6M20xas long as short
edgeX HYPEUSDC+0.0099%4h93.100+0.050%$4.9M$29.7M30xas long as short
Katana Perps HYPE-USD+0.0099%8h93.070+0.018%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.037−0.017%$6.8M$46.5M10xas long as short
Hyperliquid HYPEshort+0.0100%1h93.114+0.066%$2.03B$670.0M10x
Aster HYPEUSDT+0.0100%4h93.067+0.015%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.103+0.054%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h93.070+0.018%$373.6M$909.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.079+0.028%$114.0M$305.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.125+0.077%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.067+0.015%$91.5M$81.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.061+0.009%$46.1M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.065+0.013%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.096+0.046%$7.3M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.028−0.027%$28.6M$56.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.156+0.111%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.126+0.078%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.097+0.047%$665K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.120+0.072%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.106+0.057%$488K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.077+0.026%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.052−0.001%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.140+0.093%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.069+0.017%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.228+0.188%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.039−0.015%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.070+0.019%$393K$164K20xas long as short
Kalshi KXHYPEPERP+0.0117%8h93.139+0.092%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.120+0.072%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.136+0.089%$20.7M$29.4M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.410+0.384%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h93.085+0.034%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h93.094+0.044%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.074+0.023%$16.8M$11.8M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0523%1h93.164+0.119%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.141+0.095%$3.2M$6.3M20xas long as short