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

HYPE

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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+0.0459%/8h= +50.3% APRpaid last 24h +0.086%
Price spread now: RISEx against OKX+0.054%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$210.205% of the position
Long on OKXShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.160%+$16 on $10k
Price spread, last 7 days−0.074%−$7 · spread now +0.054%, 7d avg +0.011%
Together, before fees+0.087%+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and RISEx is 0.042% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.011%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.160% in total (about 15.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX HYPE-USDT-SWAP93.7070.0100pay 0.0100% / 8h1h 52m$115.7M$316.5M50x
ShortRISEx HYPE/USDC93.7570.0559get 0.0070% / 1h52m 04s$3.2M$6.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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
$96.4
Price spread: +0.054% → +0.011%
$4.23
Slippage, 4 orders
−$4.52
Fee OKX: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
$80.1
Costs to cover
0.205%
Break-even
1.2 days
Slippage from OKX: live order book, 2 min ago; RISEx: 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 OKX live order book, 2 min ago0.05 bp5.7 bp −$69.4 bp −$9420.5 bp −$2,049doesn't fit
Sell RISEx live order book, 2 min ago1.49 bp4.5 bp −$45.9 bp −$59doesn'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−0.1168%1h93.763+0.060%$199K$243K7xas long as short
Aftermath Perps HYPEUSD−0.0267%1h93.912+0.218%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0124%1h93.740+0.035%$707K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.735+0.030%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.720+0.014%$86K$372K20xas long as short
Orderly PERP_HYPE_USDC−0.0018%4h93.700−0.007%$149K$681K20xas long as short
Bullet HYPE-USD−0.0003%1h93.700−0.007%$111K$581K20xas long as short
dYdX HYPE-USD0.0000%1h93.815+0.115%$129K$29K5xas long as short
Perpl HYPE0.0000%43m93.710+0.004%$22K$285K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.740+0.035%$63K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin HYPE-PERP+0.0005%1h93.794+0.093%$79K$166K20xas long as short
BingX HYPE-USDT+0.0012%4h93.714+0.007%—$53.8M—as long as short
Bybit HYPEUSDT+0.0014%8h93.695−0.013%$316.6M$287.4M75xas long as short
Phoenix HYPE+0.0017%1h93.872+0.176%$210K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.717+0.011%$225.8M$99.5M75xas long as short
Phemex HYPEUSDT+0.0064%8h93.747+0.043%$12.8M$2.8M50xas long as short
Arcus HYPE-USD+0.0084%1h93.782+0.080%$1.0M$4.0M10xas long as short
Paradex HYPE-USD-PERP+0.0087%8h93.795+0.093%$335K$161K20xas long as short
ApeX Omni HYPEUSDT+0.0089%1h93.802+0.101%$348K$1.0M50xas long as short
Derive HYPE-PERP+0.0092%1h93.691−0.017%$16.4M$7.5M10xas long as short
edgeX HYPEUSDC+0.0095%4h93.749+0.045%$5.0M$30.5M30xas long as short
Lighter HYPE+0.0096%1h93.724+0.018%$16.2M$63.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.731+0.026%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.697−0.011%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.720+0.014%$23K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.713+0.006%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.811+0.111%$2.05B$681.2M10xas long as short
Aster HYPEUSDT+0.0100%4h93.725+0.019%$8.9M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h93.782+0.080%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.711+0.004%$375.8M$929.9M75xas long as short
OKX HYPE-USDT-SWAPlong+0.0100%8h93.707long leg$115.7M$316.5M50x
Gate HYPE_USDT+0.0100%4h93.703−0.004%$48.3M$54.9M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.727+0.021%$89.1M$83.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.722+0.016%$46.3M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.736+0.031%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.759+0.055%$28.7M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.786+0.084%$7.6M$47.9M10xas long as short
StandX HYPE-USD+0.0100%1h93.770+0.067%$679K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.784+0.082%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.730+0.025%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.792+0.091%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.717+0.011%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.923+0.231%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.026%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.696−0.012%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.722+0.016%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0107%8h93.828+0.129%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.760+0.057%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.750+0.046%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.702−0.006%$77K$130K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0305%1h93.810+0.110%$7.4M$4.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.740+0.036%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.769+0.066%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.791+0.090%$20.9M$29.6M50xas long as short
RISEx HYPE/USDCshort+0.0559%1h93.757+0.054%$3.2M$6.4M20x