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 04:00 UTC+0.0279%/8h= +30.5% APRpaid last 24h +0.047%
Price spread now: HTX against Phemex+0.276%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$570.575% of the position
Long on PhemexShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.049%+$5 on $10k
Price spread, last 3 days (all we have)−0.287%−$29 · spread now +0.276%, 7d avg +0.035%
Together, before fees−0.237%−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and HTX is 0.241% dearer against Phemex than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.035%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.049% in total (about 2.6% 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
LongPhemex HYPEUSDT93.143−0.0046get 0.0046% / 8h6h 38m$12.6M$2.7M50x
ShortHTX HYPE-USDT93.4000.0232get 0.0116% / 4h2h 38m$1.4M$6.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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
$58.52
Price spread: +0.276% → +0.035%
$24.1
Slippage, 4 orders
−$33.48
Fee Phemex: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
$25.15
Costs to cover
0.575%
Break-even
4.0 days
Slippage from Phemex: live order book, 6 min ago; HTX: live order book, 1 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 Phemex live order book, 6 min ago4.18 bp16.9 bp −$1735.0 bp −$350doesn't fitdoesn't fit
Sell HTX live order book, 1 min ago0.32 bp10.7 bp −$1113.2 bp −$13252.4 bp −$5,243doesn'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−0.0944%1h93.219+0.082%$196K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.081−0.067%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0165%1h93.241+0.105%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0147%1h93.140−0.003%$696K$983K10xas long as short
Gate HYPE_USDT−0.0092%4h93.201+0.062%$44.2M$54.3M75xas long as short
Backpack HYPE_USDC_PERP−0.0090%1h93.247+0.112%$7.8M$10.4M20xas long as short
01 Exchange HYPEUSD−0.0080%1h93.184+0.044%$85K$357K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.216+0.078%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.118−0.027%$155K$652K20xas long as short
Phemex HYPEUSDTlong−0.0046%8h93.143long leg$12.6M$2.7M50x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0034%4h93.209+0.071%$8.8M$36.3M300xas long as short
Bluefin HYPE-PERP−0.0027%1h93.106−0.040%$79K$173K20xas long as short
dYdX HYPE-USD0.0000%1h93.245+0.109%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.217+0.080%$22K$333K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.190+0.050%$25K—150xas long as short
Bybit HYPEUSDT+0.0003%8h93.084−0.063%$320.1M$285.9M75xas long as short
BingX HYPE-USDT+0.0006%4h93.182+0.042%—$54.2M—as long as short
Bullet HYPE-USD+0.0026%1h93.159+0.017%$111K$579K20xas long as short
Binance HYPEUSDT+0.0039%4h93.102−0.044%$378.7M$906.9M75xas long as short
MEXC HYPE_USDT+0.0040%4h93.230+0.093%$87.6M$82.5M100xas long as short
edgeX HYPEUSDC+0.0056%4h93.325+0.195%$5.1M$29.8M30xas long as short
Phoenix HYPE+0.0060%1h93.233+0.097%$212K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0066%8h93.125−0.019%$114.6M$314.8M50xas long as short
Derive HYPE-PERP+0.0067%1h93.097−0.049%$16.2M$7.7M10xas long as short
Aevo HYPE-PERP+0.0088%1h93.118−0.027%$396K$177K20xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.291+0.159%$339K$165K20xas long as short
Lighter HYPE+0.0096%1h93.126−0.019%$16.3M$62.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.113−0.032%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.169+0.028%$65K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.210+0.072%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.159+0.018%$5.6M$45.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.289+0.157%$2.04B$668.5M10xas long as short
Pacifica HYPE+0.0100%1h93.238+0.102%$10.0M$14.8M20xas long as short
Bulk HYPE-USD+0.0100%1h93.404+0.280%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.193+0.054%$45.9M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.149+0.006%$225.4M$100.8M75xas long as short
Variational Omni HYPE+0.0100%8h93.151+0.008%$30.9M$55.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.195+0.056%$7.5M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.355+0.228%$337K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.050−0.100%$664K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.261+0.127%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.250+0.115%$467K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.282+0.149%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.103−0.043%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.080−0.068%$18.3M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.200+0.061%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.050−0.100%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0175%4h93.407+0.283%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.230+0.094%$2.7M$6.7M20xas long as short
HTX HYPE-USDTshort+0.0232%4h93.400+0.276%$1.4M$6.1M75x
Reya HYPERUSDPERP+0.0254%1h93.217+0.080%$79K$142K15xas long as short
Kalshi KXHYPEPERP+0.0262%8h93.291+0.159%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.193+0.054%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0555%1h93.215+0.077%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0684%1h93.186+0.046%$20.8M$30.2M50xas long as short