Settings8H · net · $10k
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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−0.0004%/8h= −0.4% APRpaid last 24h +0.008%
Price spread now: Lighter against KuCoin−0.014%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$220.217% of the position
Long on KuCoinShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 7 days+0.009%+$1 · spread now −0.014%, 7d avg +0.024%
Together, before fees+0.003%+ Points / potential airdropLighter: Season 3 · farm board$0 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: Lighter is 0.038% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPEUSDTM93.0700.0100pay 0.0050% / 4h3h 15m$46.1M$18.5M75x
ShortLighter HYPE93.0570.0096get 0.0012% / 1h15m 19s$16.0M$62.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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: −0.014% → +0.024%
−$3.79
Slippage, 4 orders
−$9.75
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$26.37
Costs to cover
0.217%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Lighter: live order book, 4 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, 4 min ago0.54 bp9.0 bp −$914.9 bp −$149doesn't fitdoesn't fit
Sell Lighter live order book, 4 min ago0.86 bp1.0 bp −$12.0 bp −$2010.7 bp −$1,06940.4 bp −$20.2K

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−0.1768%1h93.085+0.016%$194K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0311%1h92.987−0.089%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.049−0.023%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.085+0.016%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0053%4h93.053−0.018%$146K$674K20xas long as short
dYdX HYPE-USD0.0000%1h93.078+0.009%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.087+0.018%$22K$293K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.110+0.043%$62K—150xas long as short
Bullet HYPE-USD+0.0008%1h93.085+0.017%$111K$577K20xas long as short
Ondo Perps HYPE-USD.P+0.0017%1h93.000−0.075%$701K$1.1M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0024%1h93.103+0.035%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h93.103+0.035%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0031%8h93.025−0.048%$317.3M$283.9M75xas long as short
Phemex HYPEUSDT+0.0031%8h93.079+0.010%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0042%4h93.067−0.003%$225.2M$99.1M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.071+0.001%$76K$1.1M50xas long as short
Gate HYPE_USDT+0.0092%4h93.068−0.002%$45.3M$54.6M75xas long as short
Lighter HYPEshort+0.0096%1h93.057−0.014%$16.0M$62.8M20x
Lighter RH HYPE+0.0096%1h93.063−0.008%$3.1M$11.6M20xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.115+0.048%$339K$163K20xas long as short
edgeX HYPEUSDC+0.0099%4h93.181+0.119%$5.0M$29.8M30xas long as short
Katana Perps HYPE-USD+0.0099%8h93.060−0.011%$31K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.070+0.001%$7.1M$46.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.121+0.055%$2.03B$668.5M10xas long as short
Aster HYPEUSDT+0.0100%4h93.062−0.008%$8.7M$36.3M300xas long as short
Pacifica HYPE+0.0100%1h93.107+0.040%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h93.053−0.018%$373.5M$911.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.015−0.059%$114.0M$305.3M50xas long as short
Bulk HYPE-USD+0.0100%1h92.709−0.388%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.062−0.009%$91.3M$81.4M100xas long as short
KuCoin HYPEUSDTMlong+0.0100%4h93.070long leg$46.1M$18.5M75x
BingX HYPE-USDT+0.0100%4h93.081+0.012%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.098+0.030%$7.3M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h92.999−0.077%$28.6M$56.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.250+0.193%$7.5M$46.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.266+0.211%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.081+0.012%$665K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.121+0.055%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.115+0.048%$488K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.082+0.013%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.048−0.024%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.080+0.011%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.037−0.035%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.205+0.145%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.009−0.065%$18.1M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.0700.000%$393K$164K20xas long as short
Kalshi KXHYPEPERP+0.0116%8h93.148+0.084%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.130+0.064%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h93.094+0.025%$20.7M$29.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.410+0.365%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h93.0700.000%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h93.099+0.031%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.042−0.030%$16.8M$11.8M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0545%1h93.157+0.093%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.137+0.072%$3.2M$6.3M20xas long as short