data as of
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Funding arb /

HYPE

all HYPE markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC+0.0127%/8h
next payment, per $10,000+$1.27paid, last 24h+0.016%paid, last 7 days+0.072%to open and close $10k−$50
Long on OKXShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX HYPE-USDT-SWAP94.372−0.0037get 0.0037% / 8h50m 31s$118.2M$303.0M50x
ShortPhemex HYPEUSDT94.4180.0090get 0.0090% / 8h50m 31s$12.8M$2.2M50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$26.62
Slippage, 4 orders
−$28.36
Fee OKX: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$23.74
Break-even
13.2 days
Slippage from OKX: live order book, 5 min ago; Phemex: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.049%
Avg gap 7d
+0.031%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago0.05 bp6.3 bp −$69.8 bp −$9818.5 bp −$1,851doesn't fit
Sell Phemex live order book, 5 min ago5.85 bp19.3 bp −$1937.1 bp −$371doesn't fitdoesn't fit

HYPE on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.0712%1h$202K$177K7xas long as short
Orderly PERP_HYPE_USDC−0.0189%4h$172K$406K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h$3K$30725xas long as short
BingX HYPE-USDT−0.0040%4h—$49.7M—as long as short
OKX HYPE-USDT-SWAPlong−0.0037%8h$118.2M$303.0M50x
Bybit HYPEUSDT−0.0001%8h$328.3M$277.6M75xas long as short
Perpl HYPE0.0000%43m$33K$352K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h$33K—150xas long as short
01 Exchange HYPEUSD+0.0072%1h$84K$301K20xas long as short
Gate HYPE_USDT+0.0072%4h$44.4M$53.5M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aftermath Perps HYPEUSD+0.0084%1h$22K$35K10xas long as short
Phemex HYPEUSDTshort+0.0090%8h$12.8M$2.2M50x
dYdX HYPE-USD+0.0094%1h$128K$23K5xas long as short
Lighter HYPE+0.0096%1h$19.0M$53.4M20xas long as short
Lighter RH HYPE+0.0096%1h$3.1M$11.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h$162K$1.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0096%1h$5.0M$5.2M50xas long as short
Paradex HYPE-USD-PERP+0.0099%8h$339K$288K20xas long as short
Katana Perps HYPE-USD+0.0099%8h$11K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h$5.7M$42.6M10xas long as short
Hyperliquid HYPE+0.0100%1h$2.06B$563.6M10xas long as short
Aster HYPEUSDT+0.0100%4h$8.9M$32.8M300xas long as short
Pacifica HYPE+0.0100%1h$11.5M$12.0M20xas long as short
Binance HYPEUSDT+0.0100%4h$399.2M$784.0M75xas long as short
Ondo Perps HYPE-USD.P+0.0100%1h$705K$899K10xas long as short
Arcus HYPE-USD+0.0100%1h$1.2M$4.1M10xas long as short
Bulk HYPE-USD+0.0100%1h$213K$10K10xas long as short
MEXC HYPE_USDT+0.0100%4h$95.0M$81.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h$44.8M$19.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h$234.3M$92.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h$8.3M$8.6M20xas long as short
Variational Omni HYPE+0.0100%8h$30.4M$51.0M—as long as short
ApeX Omni HYPEUSDT+0.0100%1h$429K$951K50xas long as short
StandX HYPE-USD+0.0100%1h$716K$2.1M20xas long as short
Vest HYPE-PERP+0.0100%1h—$407K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h$466K$2.4M20xas long as short
Bullet HYPE-USD+0.0100%1h$113K$581K20xas long as short
Bluefin HYPE-PERP+0.0100%1h$70K$190K20xas long as short
Derive HYPE-PERP+0.0100%1h$16.7M$7.1M10xas long as short
SunX HYPE-USDT+0.0100%4h$32K$1.5M20xas long as short
SoDEX HYPE-USD+0.0100%1h$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h$18.5M$38.9M50xas long as short
Aevo HYPE-PERP+0.0104%1h$401K$347K20xas long as short
edgeX HYPEUSDC+0.0114%4h$5.1M$26.3M30xas long as short
Kalshi KXHYPEPERP+0.0161%8h$1.7M$4.1M2.3xas long as short
Reya HYPERUSDPERP+0.0220%1h$74K$168K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0333%1h$7.4M$4.6M50xas long as short
HTX HYPE-USDT+0.0334%4h$1.5M$6.5M75xas long as short
BloFin HYPE-USDT+0.0340%4h$18.1M$12.0M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0344% / S −0.0160%1h$1.5M—100xas long as short
Phoenix HYPE+0.0357%1h$294K$1.1M10xas long as short
RISEx HYPE/USDC+0.0500%1h$2.6M$7.2M20xas long as short
Kraken Futures PF_HYPEUSD+0.0604%1h$16.9M$20.6M50xas long as short
Injective HYPE/USDC PERP+0.1001%1h$24K$319K12xas long as short