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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 20:00 UTC0.0000%/8hpaid last 24h +0.006%
Price spread now: ApeX Omni against KuCoin−0.011%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Long on KuCoinShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 3 days (all we have)+0.711%+$71 · spread now −0.011%, 7d avg +0.012%
Together, before fees+0.722%+$72 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 0.023% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPEUSDTM93.2730.0100pay 0.0050% / 4h22m 59s$46.4M$19.8M75x
ShortApeX Omni HYPEUSDT93.2630.0100get 0.0013% / 1h22m 59s$459K$967K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni 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
Price spread: −0.011% → +0.012%
−$2.31
Slippage, 4 orders
−$19.98
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$44.29
Costs to cover
0.420%
Break-even
never at this rate
Slippage from KuCoin: live order book, 10 min ago; ApeX Omni: live order book, 10 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, 10 min ago0.75 bp12.6 bp −$1319.2 bp −$192doesn't fitdoesn't fit
Sell ApeX Omni live order book, 10 min ago4.30 bp9.6 bp −$1013.0 bp −$130doesn'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−0.1008%1h93.236−0.039%$196K$245K7xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.258−0.016%$3K$33125xas long as short
Injective HYPE/USDC PERP−0.0004%1h93.440+0.179%$30K$177K12xas long as short
dYdX HYPE-USD0.0000%1h93.286+0.013%$127K$28K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.339+0.071%$2.0M$5.5M2.3xas long as short
Perpl HYPE0.0000%43m93.268−0.006%$25K$396K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0006%1h93.339+0.071%$43K—150xas long as short
Aftermath Perps HYPEUSD+0.0026%1h93.197−0.081%$22K$22K10xas long as short
Aster HYPEUSDT+0.0029%4h93.252−0.022%$9.0M$36.2M300xas long as short
01 Exchange HYPEUSD+0.0048%1h93.253−0.021%$90K$322K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0082%1h93.238−0.038%$1.2M$4.0M10xas long as short
Lighter HYPE+0.0096%1h93.333+0.065%$18.8M$58.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.313+0.043%$3.2M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.259−0.015%$56K$1.3M50xas long as short
Gate HYPE_USDT+0.0096%4h93.222−0.055%$44.1M$55.8M75xas long as short
Katana Perps HYPE-USD+0.0100%8h93.260−0.014%$21K$1.8M10xas long as short
Nado HYPE-PERP+0.0100%1h93.239−0.037%$6.3M$43.7M10xas long as short
Pacifica HYPE+0.0100%1h93.250−0.025%$10.0M$14.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.277+0.004%$389.9M$871.7M75xas long as short
Bybit HYPEUSDT+0.0100%8h93.250−0.025%$325.3M$288.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.259−0.015%$114.5M$313.4M50xas long as short
Ondo Perps HYPE-USD.P+0.0100%1h93.260−0.014%$700K$1.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.008−0.284%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.293+0.021%$90.9M$82.8M100xas long as short
KuCoin HYPEUSDTMlong+0.0100%4h93.273long leg$46.4M$19.8M75x
Bitget HYPEUSDT+0.0100%4h93.284+0.012%$226.2M$103.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.272−0.001%—$54.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.303+0.032%$8.0M$11.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.155−0.127%$28.9M$48.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.334+0.065%$7.5M$46.3M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.263−0.011%$459K$967K50x
StandX HYPE-USD+0.0100%1h93.346+0.078%$676K$2.3M20xas long as short
Vest HYPE-PERP+0.0100%1h93.282+0.010%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.264−0.010%$468K$2.6M20xas long as short
Bullet HYPE-USD+0.0100%1h93.297+0.026%$112K$572K20xas long as short
Orderly PERP_HYPE_USDC+0.0100%4h93.288+0.016%$184K$502K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.306+0.035%$76K$172K20xas long as short
Derive HYPE-PERP+0.0100%1h93.285+0.013%$16.4M$7.0M10xas long as short
SunX HYPE-USDT+0.0100%4h93.294+0.023%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.278+0.005%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.283+0.011%$12.6M$2.5M50xas long as short
Paradex HYPE-USD-PERP+0.0102%8h93.296+0.025%$341K$173K20xas long as short
Extended HYPE-USD+0.0104%1h93.278+0.006%$18.1M$40.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.308+0.038%$397K$321K20xas long as short
edgeX HYPEUSDC+0.0107%4h93.261−0.013%$5.1M$29.0M30xas long as short
Hyperliquid HYPE+0.0138%1h93.327+0.058%$2.02B$657.6M10xas long as short
Kraken Futures PF_HYPEUSD+0.0151%1h93.345+0.077%$16.2M$21.0M50xas long as short
Phoenix HYPE+0.0172%1h93.271−0.002%$207K$954K10xas long as short
Coinbase International HYPE-PERP-INTX+0.0200%1h93.370+0.104%$4.9M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0241%1h93.276+0.004%$77K$157K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.293+0.021%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.2730.000%$17.4M$12.1M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0404%1h93.387+0.122%$7.4M$4.6M50xas long as short
HTX HYPE-USDT+0.0415%4h93.477+0.219%$1.5M$7.5M75xas long as short
RISEx HYPE/USDC+0.0516%1h93.307+0.036%$2.7M$6.4M20xas long as short