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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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.

Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0204%/8h= +22.3% APRnext payment +$0.26 per $10,000 · paid last 24h +0.026%
Price spread now: StandX against Ondo Perps+0.173%7-day average +0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.132%+$13 on $10k
Price spread, last 7 days+0.222%+$22 · spread now +0.173%, 7d avg +0.006%
Together, before fees+0.354%+ Points / potential airdropOndo Perps: Active · StandX: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and StandX is 0.168% dearer against Ondo Perps than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.006%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.132% in total (about 6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps HYPE-USD.P93.580−0.0104get 0.0013% / 1h2m 11s$710K$963K10x
ShortStandX HYPE-USD93.7420.0100get 0.0013% / 1h2m 11s$669K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Ondo Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$42.84
Price spread: +0.173% → +0.006%
$16.75
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee StandX: 4 bp × 2 orders
−$8
Net
$46.59
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; StandX: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample—————
Sell StandX live order book, 2 min ago0.75 bp7.8 bp −$88.3 bp −$8315.0 bp −$1,496doesn't fit
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1120%1h93.805+0.240%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.372−0.222%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0190%1h93.839+0.276%$22K$21K10xas long as short
Ondo Perps HYPE-USD.Plong−0.0104%1h93.580long leg$710K$963K10x
01 Exchange HYPEUSD−0.0080%1h93.477−0.110%$85K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.510−0.075%$3K$33125xas long as short
dYdX HYPE-USD−0.0078%1h93.595+0.016%$128K$31K5xas long as short
Gate HYPE_USDT−0.0060%4h93.476−0.111%$44.3M$60.6M75xas long as short
Bullet HYPE-USD−0.0042%1h93.435−0.155%$113K$579K20xas long as short
Orderly PERP_HYPE_USDC−0.0039%4h93.434−0.156%$158K$644K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0006%4h93.444−0.145%$8.9M$36.0M300xas long as short
Perpl HYPE0.0000%43m93.501−0.084%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.469−0.119%$27K—150xas long as short
Bybit HYPEUSDT+0.0019%8h93.470−0.118%$321.3M$279.5M75xas long as short
Derive HYPE-PERP+0.0024%1h93.440−0.150%$16.3M$7.5M10xas long as short
Phemex HYPEUSDT+0.0024%8h93.513−0.072%$12.7M$2.6M50xas long as short
Phoenix HYPE+0.0034%1h93.887+0.328%$213K$1.2M10xas long as short
Binance HYPEUSDT+0.0052%4h93.492−0.094%$381.8M$897.6M75xas long as short
MEXC HYPE_USDT+0.0054%4h93.502−0.083%$87.5M$83.6M100xas long as short
Bluefin HYPE-PERP+0.0067%1h93.476−0.111%$76K$170K20xas long as short
OKX HYPE-USDT-SWAP+0.0071%8h93.490−0.096%$115.5M$313.8M50xas long as short
edgeX HYPEUSDC+0.0074%4h93.859+0.298%$5.1M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.494−0.092%$18.8M$60.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.514−0.071%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.475−0.112%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.461−0.127%$398K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.556−0.026%$340K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.480−0.107%$34K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.523−0.060%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.560−0.021%$2.04B$669.7M10xas long as short
Pacifica HYPE+0.0100%1h93.547−0.036%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.474−0.113%$46.4M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.515−0.069%$226.4M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.495−0.091%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.437−0.153%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.768+0.201%$31.3M$53.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.861+0.300%$7.6M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.820+0.256%$340K$1.1M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.742+0.173%$669K$2.6M20x
Vest HYPE-PERP+0.0100%1h93.560−0.021%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.496−0.090%$472K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.515−0.069%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.457−0.131%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.894+0.335%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.432−0.159%$18.3M$44.9M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.540−0.043%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.570−0.011%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0217%4h93.624+0.047%$17.0M$12.0M75xas long as short
RISEx HYPE/USDC+0.0222%1h93.510−0.075%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0248%8h93.761+0.193%$1.9M$5.2M2.3xas long as short
Reya HYPERUSDPERP+0.0253%1h93.451−0.138%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0157%1h93.476−0.112%$1.4M—100xas long as short
HTX HYPE-USDT+0.0355%4h93.650+0.075%$1.5M$6.0M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0552%1h93.568−0.013%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0675%1h93.532−0.051%$20.9M$29.8M50xas long as short