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 22:00 UTC+0.0142%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h −0.040%
Price spread now: Coinbase International against Phoenix+0.065%7-day average −0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Long on PhoenixShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.365%−$37 on $10k
Price spread, last 3 days (all we have)−0.196%−$20 · spread now +0.065%, 7d avg −0.111%
Together, before fees−0.562%−$56 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.177% dearer against Phoenix than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.111%. Mind the row above: over the last 7 days funding on this pair cost −0.365%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix HYPE93.2490.0034pay 0.0004% / 1h15m 02s$214K$1.2M10x
ShortCoinbase International HYPE-PERP-INTX93.3100.0176get 0.0022% / 1h15m 02s$4.9M$5.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Phoenix. 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
$29.76
Price spread: +0.065% → −0.111%
$17.67
Slippage, 4 orders
−$11.01
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$19.42
Costs to cover
0.280%
Break-even
2.4 days
Slippage from Phoenix: live order book, 8 min ago; Coinbase International: live order book, 4 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 Phoenix live order book, 8 min ago0.97 bp5.4 bp −$59.8 bp −$98doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago3.21 bp8.6 bp −$914.1 bp −$14135.8 bp −$3,583doesn'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
Aftermath Perps HYPEUSD−0.0438%1h93.188−0.065%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0344%1h93.258+0.009%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.148−0.108%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0126%1h93.170−0.085%$699K$931K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.195−0.058%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0032%1h93.247−0.002%$90K$361K20xas long as short
Aster HYPEUSDT0.0000%4h93.254+0.005%$8.9M$35.9M300xas long as short
dYdX HYPE-USD0.0000%1h93.278+0.031%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.212−0.040%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.201−0.052%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.242−0.007%$27K—150xas long as short
Orderly PERP_HYPE_USDC+0.0020%4h93.218−0.033%$172K$517K20xas long as short
Bybit HYPEUSDT+0.0023%8h93.243−0.006%$323.0M$286.2M75xas long as short
Bullet HYPE-USD+0.0033%1h93.210−0.042%$112K$579K20xas long as short
Phoenix HYPElong+0.0034%1h93.249long leg$214K$1.2M10x
Derive HYPE-PERP+0.0047%1h93.170−0.085%$16.3M$7.0M10xas long as short
Gate HYPE_USDT+0.0064%4h93.250+0.001%$43.9M$58.6M75xas long as short
MEXC HYPE_USDT+0.0064%4h93.269+0.021%$90.1M$82.3M100xas long as short
Binance HYPEUSDT+0.0065%4h93.247−0.002%$381.7M$893.5M75xas long as short
edgeX HYPEUSDC+0.0085%4h93.171−0.083%$5.1M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.299+0.054%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.282+0.035%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.217−0.034%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.209−0.042%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.210−0.042%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.209−0.042%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.295+0.049%$2.03B$669.4M10xas long as short
Pacifica HYPE+0.0100%1h93.233−0.017%$10.0M$14.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.244−0.005%$114.2M$313.9M50xas long as short
Bulk HYPE-USD+0.0100%1h93.232−0.018%$204K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.256+0.008%$47.0M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.264+0.016%$226.2M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.244−0.005%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.265+0.017%$7.8M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.203−0.049%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.199−0.054%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.153−0.103%$414K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.239−0.011%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.247−0.002%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.238−0.012%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.204−0.048%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.2490.000%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.243−0.006%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.215−0.036%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.193−0.060%$18.2M$41.8M50xas long as short
Kalshi KXHYPEPERP+0.0117%8h93.294+0.048%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTXshort+0.0176%1h93.310+0.065%$4.9M$5.7M50x
HTX HYPE-USDT+0.0232%4h93.405+0.167%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.140−0.117%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.204−0.048%$77K$159K15xas long as short
BloFin HYPE-USDT+0.0260%4h93.211−0.041%$16.8M$12.4M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.271+0.024%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.237−0.013%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0340%1h93.326+0.083%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.364+0.124%$20.9M$29.0M50xas long as short