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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 01:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.067%
Price spread now: Injective against KuCoin−0.057%7-day average +0.178% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days+2.276%+$228 on $10k
Price spread, last 3 days (all we have)−0.142%−$14 · spread now −0.057%, 7d avg +0.178%
Together, before fees+2.133%+$213 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.235% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.178%). If the spread goes back, that is −$23 on $10k: about 7.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+2.276% in total) that is about 17 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPEUSDTM93.4230.0100pay 0.0050% / 4h3h 01m$46.3M$18.3M75x
ShortInjective HYPE/USDC PERP93.3700.0205get 0.0026% / 1h1m 15s$30K$338K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$22.04
Price spread: −0.057% → +0.178%
−$23.46
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$13.43
Costs to cover
0.120%
Break-even
11.3 days
Slippage unknown: KuCoin: live order book, 3 min ago; Injective: live order book, 8 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 KuCoin live order book, 3 min ago0.43 bp10.2 bp −$1017.7 bp −$177doesn't fitdoesn't fit
Sell Injective live order book, 8 min ago36.64 bp3817.2 bp −$3,817doesn'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−0.1104%1h93.469+0.050%$198K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.297−0.135%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0180%1h93.772+0.374%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0107%1h93.380−0.046%$705K$961K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.407−0.017%$85K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.439+0.017%$3K$33125xas long as short
dYdX HYPE-USD−0.0077%1h93.506+0.088%$128K$31K5xas long as short
Gate HYPE_USDT−0.0072%4h93.398−0.027%$44.2M$60.6M75xas long as short
Bullet HYPE-USD−0.0042%1h93.405−0.019%$112K$579K20xas long as short
Orderly PERP_HYPE_USDC−0.0041%4h93.363−0.064%$158K$647K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0006%4h93.376−0.051%$8.9M$36.1M300xas long as short
Perpl HYPE0.0000%43m93.436+0.014%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.436+0.013%$27K—150xas long as short
Bybit HYPEUSDT+0.0015%8h93.350−0.078%$320.8M$279.8M75xas long as short
Derive HYPE-PERP+0.0024%1h93.343−0.085%$16.3M$7.5M10xas long as short
Phoenix HYPE+0.0034%1h93.887+0.497%$213K$1.2M10xas long as short
Phemex HYPEUSDT+0.0035%8h93.403−0.021%$12.7M$2.6M50xas long as short
Binance HYPEUSDT+0.0046%4h93.380−0.046%$380.6M$898.2M75xas long as short
MEXC HYPE_USDT+0.0052%4h93.411−0.013%$87.3M$83.6M100xas long as short
edgeX HYPEUSDC+0.0060%4h93.655+0.248%$5.1M$29.7M30xas long as short
Bluefin HYPE-PERP+0.0063%1h93.370−0.057%$76K$170K20xas long as short
OKX HYPE-USDT-SWAP+0.0071%8h93.349−0.079%$115.4M$313.3M50xas long as short
Lighter HYPE+0.0096%1h93.401−0.024%$18.8M$60.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.381−0.045%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.409−0.015%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.376−0.050%$397K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.460+0.040%$339K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.390−0.035%$34K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.456+0.035%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.477+0.058%$2.04B$669.8M10xas long as short
Pacifica HYPE+0.0100%1h93.457+0.036%$10.0M$14.7M20xas long as short
KuCoin HYPEUSDTMlong+0.0100%4h93.423long leg$46.3M$18.3M75x
Bitget HYPEUSDT+0.0100%4h93.396−0.029%$226.1M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.408−0.016%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.437+0.015%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.379−0.047%$30.9M$53.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.861+0.468%$7.6M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.599+0.188%$339K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.537+0.122%$668K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.482+0.063%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.440+0.018%$472K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.445+0.024%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.384−0.042%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.894+0.504%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.359−0.068%$18.3M$44.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.420−0.003%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0182%4h93.420−0.003%$17.0M$12.0M75xas long as short
Injective HYPE/USDC PERPshort+0.0205%1h93.370−0.057%$30K$338K12x
RISEx HYPE/USDC+0.0222%1h93.454+0.033%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0248%8h93.507+0.090%$1.9M$5.2M2.3xas long as short
Reya HYPERUSDPERP+0.0253%1h93.402−0.023%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.430+0.007%$1.4M—100xas long as short
HTX HYPE-USDT+0.0352%4h93.550+0.136%$1.5M$6.0M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0585%1h93.493+0.075%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0676%1h93.440+0.018%$20.8M$29.8M50xas long as short