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Funding arb · Price arb /

HYPE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%
Price spread now: Aevo against KuCoin+0.117%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Long on KuCoinShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 3 days (all we have)−0.115%−$11 · spread now +0.117%, 7d avg +0.008%
Together, before fees−0.093%−$9 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: Aevo is 0.108% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPEUSDTM93.6680.0100pay 0.0050% / 4h2h 17m$46.4M$18.1M75x
ShortAevo HYPE-PERP93.7770.0096get 0.0012% / 1h17m 45s$399K$175K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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
−$0.84
Price spread: +0.117% → +0.008%
$10.82
Slippage, 4 orders
−$24.15
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$42.17
Costs to cover
0.522%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; Aevo: live order book, 51 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 KuCoin live order book, 6 min ago0.37 bp11.3 bp −$1117.5 bp −$175doesn't fitdoesn't fit
Sell Aevo live order book, 51 min ago7.76 bp15.8 bp −$1615.8 bp −$15826.5 bp −$2,654doesn't fit

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−0.1040%1h93.615−0.056%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.627−0.044%$1.2M$3.8M10xas long as short
Phemex HYPEUSDT−0.0129%8h93.687+0.020%$12.7M$2.7M50xas long as short
Aftermath Perps HYPEUSD−0.0093%1h93.797+0.138%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.705+0.040%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0071%1h93.710+0.045%$702K$922K10xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.728+0.064%$156K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.748+0.085%$85K$350K20xas long as short
Backpack HYPE_USDC_PERP−0.0030%1h93.650−0.019%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0020%4h93.644−0.026%$44.4M$55.2M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0007%4h93.676+0.009%$8.8M$35.8M300xas long as short
dYdX HYPE-USD0.0000%1h93.756+0.094%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.721+0.057%$22K$325K10xas long as short
BingX HYPE-USDT+0.0002%4h93.640−0.030%—$53.6M—as long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.765+0.103%$26K—150xas long as short
Bybit HYPEUSDT+0.0008%8h93.653−0.016%$321.5M$280.7M75xas long as short
Phoenix HYPE+0.0060%1h93.885+0.232%$213K$1.2M10xas long as short
MEXC HYPE_USDT+0.0066%4h93.647−0.022%$88.9M$83.3M100xas long as short
Binance HYPEUSDT+0.0066%4h93.656−0.013%$380.8M$890.4M75xas long as short
Bullet HYPE-USD+0.0068%1h93.761+0.099%$111K$577K20xas long as short
OKX HYPE-USDT-SWAP+0.0070%8h93.681+0.014%$115.2M$307.5M50xas long as short
edgeX HYPEUSDC+0.0072%4h93.783+0.123%$5.1M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.864+0.209%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.783+0.123%$16.4M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.763+0.101%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.736+0.073%$67K$1.2M50xas long as short
Aevo HYPE-PERPshort+0.0096%1h93.777+0.117%$399K$175K20x
Katana Perps HYPE-USD+0.0100%8h93.710+0.045%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.707+0.041%$5.7M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.795+0.136%$2.05B$665.9M10xas long as short
Pacifica HYPE+0.0100%1h93.836+0.180%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTMlong+0.0100%4h93.668long leg$46.4M$18.1M75x
Bitget HYPEUSDT+0.0100%4h93.6680.000%$226.9M$98.3M75xas long as short
Variational Omni HYPE+0.0100%8h93.748+0.085%$31.1M$54.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.837+0.180%$7.6M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.800+0.141%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.758+0.096%$669K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.786+0.126%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.757+0.095%$473K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.701+0.035%$79K$170K20xas long as short
Derive HYPE-PERP+0.0100%1h93.727+0.063%$16.3M$7.7M10xas long as short
SunX HYPE-USDT+0.0100%4h93.849+0.193%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.776+0.115%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.880+0.226%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.623−0.048%$18.3M$44.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.810+0.152%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h94.180+0.547%$31K$339K12xas long as short
HTX HYPE-USDT+0.0199%4h93.899+0.247%$1.4M$5.9M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.803+0.145%$3.2M$7.0M20xas long as short
Reya HYPERUSDPERP+0.0255%1h93.738+0.075%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0279%8h93.787+0.127%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.772+0.111%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0443%1h93.859+0.204%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0680%1h93.842+0.185%$21.0M$29.8M50xas long as short