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 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.008%
Price spread now: Lighter RH against MEXC+0.102%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs+$3as in the Price arb table
costs, in and out, $10k−$80.082% of the position
Long on MEXCShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days−0.046%−$5 on $10k
Price spread, last 7 days−0.132%−$13 · spread now +0.102%, 7d avg −0.010%
Together, before fees−0.178%+ Points / potential airdropLighter RH: Points live · farm board−$18 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 RH is 0.111% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HYPE_USDT93.5010.0100pay 0.0050% / 4h1h 44m$89.9M$83.7M100x
ShortLighter RH HYPE93.5960.0096get 0.0012% / 1h44m 02s$3.1M$11.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against MEXC. 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: +0.102% → −0.010%
$11.13
Slippage, 4 orders
−$4.19
Fee MEXC: 2 bp × 2 orders
−$4
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$2.1
Costs to cover
0.082%
Break-even
from the start
Slippage from MEXC: live order book, 5 min ago; Lighter RH: live order book, 5 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 MEXC live order book, 5 min ago0.05 bp2.1 bp −$24.1 bp −$419.1 bp −$90727.2 bp −$13.6K
Sell Lighter RH live order book, 5 min ago0.53 bp1.9 bp −$23.1 bp −$3128.6 bp −$2,857doesn'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−0.1080%1h93.595+0.101%$198K$241K7xas long as short
Aftermath Perps HYPEUSD−0.0218%1h93.728+0.243%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0130%1h93.600+0.106%$705K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.575+0.079%$3K$33125xas long as short
Bullet HYPE-USD−0.0065%1h93.617+0.124%$111K$580K20xas long as short
01 Exchange HYPEUSD−0.0064%1h93.685+0.197%$87K$371K20xas long as short
Bluefin HYPE-PERP−0.0034%1h93.605+0.111%$79K$155K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.574+0.078%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.695+0.207%$128K$29K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.735+0.250%$1.8M$5.6M2.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.679+0.190%$20K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.651+0.161%$63K—150xas long as short
BingX HYPE-USDT+0.0006%4h93.569+0.073%—$53.7M—as long as short
Bybit HYPEUSDT+0.0007%8h93.511+0.011%$315.9M$288.5M75xas long as short
Phoenix HYPE+0.0017%1h93.654+0.164%$209K$1.1M10xas long as short
Derive HYPE-PERP+0.0024%1h93.547+0.050%$16.3M$7.4M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.496−0.005%$225.4M$99.7M75xas long as short
Phemex HYPEUSDT+0.0075%8h93.630+0.138%$12.8M$2.8M50xas long as short
Paradex HYPE-USD-PERP+0.0081%8h93.674+0.185%$335K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.629+0.137%$1.0M$4.0M10xas long as short
edgeX HYPEUSDC+0.0087%4h93.627+0.135%$5.0M$30.6M30xas long as short
Lighter HYPE+0.0096%1h93.594+0.099%$16.2M$63.7M20xas long as short
Lighter RH HYPEshort+0.0096%1h93.596+0.102%$3.1M$11.1M20x
Popdex HYPEUSDT+0.0096%1h93.660+0.170%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.690+0.202%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.645+0.155%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.668+0.179%$2.05B$683.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.583+0.088%$8.8M$37.4M300xas long as short
Pacifica HYPE+0.0100%1h93.671+0.182%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.557+0.060%$375.0M$931.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.513+0.013%$115.6M$315.8M50xas long as short
Gate HYPE_USDT+0.0100%4h93.579+0.083%$48.3M$55.1M75xas long as short
MEXC HYPE_USDTlong+0.0100%4h93.501long leg$89.9M$83.7M100x
KuCoin HYPEUSDTM+0.0100%4h93.538+0.040%$46.2M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.593+0.098%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.579+0.083%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.664+0.174%$7.5M$48.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.636+0.144%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.613+0.120%$678K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.692+0.205%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.650+0.159%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.638+0.147%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.566+0.070%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.776+0.294%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.246%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.473−0.030%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.589+0.094%$396K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.710+0.224%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.520+0.020%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.594+0.099%$77K$130K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0295%1h93.670+0.181%$7.4M$4.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.641+0.150%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.686+0.198%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.664+0.175%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.703+0.216%$3.2M$6.4M20xas long as short