Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.009%
Price spread now: Binance against Lighter+0.019%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Long on LighterShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.005%+$1 on $10k
Price spread, last 7 days−0.014%−$1 · spread now +0.019%, 7d avg −0.017%
Together, before fees−0.009%+ Points / potential airdropLighter: Season 3 · farm board−$1 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: Binance is 0.036% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter HYPE94.3000.0096pay 0.0012% / 1h26m 33s$16.2M$62.9M20x
ShortBinance HYPEUSDT94.3180.0100get 0.0050% / 4h3h 26m$379.4M$930.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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: +0.019% → −0.017%
$3.62
Slippage, 4 orders
−$4.13
Fee Lighter: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$9.67
Costs to cover
0.141%
Break-even
87.6 days
Slippage from Lighter: live order book, 8 min ago; Binance: live order book, 2 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 Lighter live order book, 8 min ago0.69 bp1.4 bp −$13.1 bp −$3115.7 bp −$1,56649.5 bp −$24.7K
Sell Binance live order book, 2 min ago0.05 bp5.9 bp −$67.4 bp −$7414.9 bp −$1,489doesn'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−0.0800%1h94.235−0.069%$210K$267K7xas long as short
Bluefin HYPE-PERP−0.0596%1h94.304+0.004%$80K$150K20xas long as short
Aftermath Perps HYPEUSD−0.0293%1h94.401+0.107%$22K$20K10xas long as short
Bullet HYPE-USD−0.0254%1h94.366+0.070%$112K$577K20xas long as short
Ondo Perps HYPE-USD.P−0.0186%1h94.3000.000%$702K$1.3M10xas long as short
01 Exchange HYPEUSD−0.0120%1h94.325+0.026%$90K$365K20xas long as short
Arcus HYPE-USD−0.0112%1h94.287−0.014%$1.0M$3.4M10xas long as short
Gate HYPE_USDT−0.0102%4h94.3000.000%$51.6M$55.4M75xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.344+0.046%$3K$33125xas long as short
Kraken Futures PF_HYPEUSD−0.0048%1h94.347+0.050%$18.8M$35.5M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0030%8h94.290−0.011%$318.0M$293.7M75xas long as short
Phemex HYPEUSDT−0.0019%8h94.321+0.022%$12.9M$2.9M50xas long as short
Orderly PERP_HYPE_USDC−0.0010%4h94.322+0.023%$147K$678K20xas long as short
dYdX HYPE-USD0.0000%1h94.385+0.090%$129K$92K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.442+0.150%$1.8M$5.6M2.3xas long as short
Perpl HYPE0.0000%43m94.394+0.099%$19K$285K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S 0.0000%1h94.257−0.045%$113K—150xas long as short
Phoenix HYPE+0.0008%1h94.404+0.110%$210K$1.2M10xas long as short
Derive HYPE-PERP+0.0010%1h94.160−0.148%$16.3M$7.5M10xas long as short
Coinbase International HYPE-PERP-INTX+0.0016%1h94.440+0.148%$4.7M$5.9M50xas long as short
Bitget HYPEUSDT+0.0030%4h94.277−0.025%$226.8M$97.9M75xas long as short
Vest HYPE-PERP+0.0037%1h94.417+0.124%—$190K5xas long as short
Paradex HYPE-USD-PERP+0.0040%8h94.317+0.018%$337K$39K20xas long as short
Backpack HYPE_USDC_PERP+0.0043%1h94.293−0.008%$7.5M$10.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0044%8h94.289−0.012%$117.7M$326.8M50xas long as short
SoDEX HYPE-USD+0.0048%1h94.346+0.049%$2.1M$2.0M10xas long as short
edgeX HYPEUSDC+0.0081%4h94.269−0.034%$5.0M$31.0M30xas long as short
Lighter HYPElong+0.0096%1h94.300long leg$16.2M$62.9M20x
Lighter RH HYPE+0.0096%1h94.3000.000%$3.2M$10.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.319+0.020%$149K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.320+0.021%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.343+0.046%$7.2M$51.7M10xas long as short
Hyperliquid HYPE+0.0100%1h94.402+0.108%$2.07B$689.6M10xas long as short
Aster HYPEUSDT+0.0100%4h94.310+0.011%$9.6M$38.2M300xas long as short
Pacifica HYPE+0.0100%1h94.334+0.036%$10.2M$14.4M20xas long as short
Binance HYPEUSDTshort+0.0100%4h94.318+0.019%$379.4M$930.8M75x
Bulk HYPE-USD+0.0100%1h94.213−0.092%$219K$14K10xas long as short
MEXC HYPE_USDT+0.0100%4h94.292−0.009%$93.1M$86.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.290−0.011%$47.1M$19.0M75xas long as short
BingX HYPE-USDT+0.0100%4h94.294−0.007%—$53.0M—as long as short
Variational Omni HYPE+0.0100%8h94.329+0.031%$29.9M$56.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.308+0.008%$7.6M$44.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.315+0.016%$344K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h94.232−0.072%$694K$2.7M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.428+0.136%$498K$2.7M20xas long as short
SunX HYPE-USDT+0.0100%4h94.389+0.094%$32K$1.6M20xas long as short
HTX HYPE-USDT+0.0100%4h94.511+0.224%$1.4M$6.9M75xas long as short
Extended HYPE-USD+0.0104%1h94.248−0.055%$18.2M$43.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.382+0.087%$399K$153K20xas long as short
RISEx HYPE/USDC+0.0133%1h94.331+0.032%$3.1M$6.4M20xas long as short
Injective HYPE/USDC PERP+0.0153%1h95.170+0.922%$31K$340K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0227%1h94.438+0.146%$7.5M$4.4M50xas long as short
Reya HYPERUSDPERP+0.0271%1h94.297−0.003%$83K$105K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0156%1h94.397+0.103%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h94.344+0.046%$17.3M$12.5M75xas long as short