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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 06:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h +0.006%
Price spread now: ApeX Omni against Kalshi+0.025%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Long on KalshiShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.172%+$17 on $10k
Price spread, last 7 days−0.116%−$12 · spread now +0.025%, 7d avg −0.015%
Together, before fees+0.056%+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.039% dearer against Kalshi than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXHYPEPERP93.5170.0107pay 0.0107% / 8h6h 44m$1.8M$5.6M2.3x
ShortApeX Omni HYPEUSDT93.5400.0100get 0.0013% / 1h44m 28s$343K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kalshi. 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
−$1.54
Price spread: +0.025% → −0.015%
$3.93
Slippage, 4 orders
−$21.23
Fee Kalshi: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$38.83
Costs to cover
0.412%
Break-even
never at this rate
Slippage from Kalshi: live order book, 4 min ago; ApeX Omni: live order book, 5 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 Kalshi live order book, 4 min ago3.31 bp11.2 bp −$1112.3 bp −$12319.1 bp −$1,913doesn't fit
Sell ApeX Omni live order book, 5 min ago2.30 bp8.6 bp −$911.3 bp −$113doesn'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%1h93.315−0.216%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0381%1h93.513−0.004%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.433−0.090%$3K$33125xas long as short
Bullet HYPE-USD−0.0061%1h93.425−0.099%$111K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0027%4h93.420−0.104%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0024%1h93.451−0.071%$88K$366K20xas long as short
Ondo Perps HYPE-USD.P−0.0017%1h93.390−0.136%$702K$1.2M10xas long as short
dYdX HYPE-USD0.0000%1h93.502−0.016%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.435−0.087%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.457−0.064%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0011%1h93.404−0.121%$1.0M$3.9M10xas long as short
Bitget HYPEUSDT+0.0018%4h93.409−0.115%$226.0M$98.8M75xas long as short
Bybit HYPEUSDT+0.0023%8h93.398−0.127%$317.6M$283.7M75xas long as short
Phoenix HYPE+0.0026%1h93.637+0.128%$209K$1.2M10xas long as short
Phemex HYPEUSDT+0.0027%8h93.429−0.094%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0081%4h93.544+0.029%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.491−0.028%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.456−0.065%$16.1M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.453−0.068%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.427−0.096%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.420−0.104%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.425−0.098%$7.9M$48.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.480−0.040%$2.04B$668.1M10xas long as short
Aster HYPEUSDT+0.0100%4h93.420−0.104%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.479−0.041%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.429−0.094%$374.6M$911.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.406−0.119%$114.7M$309.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.614+0.104%$204K$3K10xas long as short
Gate HYPE_USDT+0.0100%4h93.460−0.061%$46.5M$54.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.469−0.051%$91.8M$80.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.444−0.078%$46.8M$18.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.452−0.070%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.455−0.066%$7.3M$10.9M20xas long as short
Variational Omni HYPE+0.0100%8h93.419−0.105%$28.7M$56.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.490−0.029%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.540+0.025%$343K$1.0M50x
StandX HYPE-USD+0.0100%1h93.479−0.041%$669K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.477−0.043%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.438−0.084%$490K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.436−0.087%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.416−0.107%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.416−0.108%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.433−0.090%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.608+0.097%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.410−0.115%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.425−0.098%$395K$161K20xas long as short
Kalshi KXHYPEPERPlong+0.0107%8h93.517long leg$1.8M$5.6M2.3x
Injective HYPE/USDC PERP+0.0122%1h93.410−0.114%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.530+0.014%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.386−0.140%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.456−0.066%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.426−0.097%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.501−0.017%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0392%1h93.525+0.009%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.493−0.026%$3.2M$6.3M20xas long as short