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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 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: Binance against Polymarket Perps−0.058%56s7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$190.192% of the position
Long on Polymarket PerpsShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days+0.031%+$3 on $10k
Price spread, last 7 days+0.184%+$18 · spread now −0.058%, 7d avg +0.055%
Together, before fees+0.215%+$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.114% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.055%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps HYPE-USD93.8180.0100pay 0.0013% / 1h55m 33s$476K$2.8M20x
ShortBinance HYPEUSDT93.7630.0100get 0.0050% / 4h1h 55m$376.0M$929.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. 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
$0
Price spread: −0.058% → +0.055%
−$11.35
Slippage, 4 orders
−$1.23
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$30.59
Costs to cover
0.192%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 3 min ago; Binance: live order book, 3 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 Polymarket Perps live order book, 3 min ago0.05 bp4.1 bp −$45.0 bp −$5010.9 bp −$1,092doesn't fit
Sell Binance live order book, 3 min ago0.05 bp5.1 bp −$57.3 bp −$7314.8 bp −$1,481doesn'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−0.1224%1h93.798−0.021%$199K$243K7xas long as short
Aftermath Perps HYPEUSD−0.0272%1h94.032+0.228%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.992+0.185%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.770−0.051%$86K$372K20xas long as short
Ondo Perps HYPE-USD.P−0.0044%1h93.730−0.094%$707K$1.2M10xas long as short
Orderly PERP_HYPE_USDC−0.0017%4h93.765−0.056%$149K$680K20xas long as short
dYdX HYPE-USD0.0000%1h93.813−0.006%$129K$29K5xas long as short
Perpl HYPE0.0000%43m93.831+0.014%$22K$285K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.823+0.005%$63K—150xas long as short
Bluefin HYPE-PERP+0.0003%1h93.785−0.035%$79K$166K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT+0.0012%4h93.781−0.039%—$53.8M—as long as short
Bybit HYPEUSDT+0.0016%8h93.745−0.078%$316.8M$287.3M75xas long as short
Phoenix HYPE+0.0026%1h93.872+0.058%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.798−0.021%$226.0M$99.4M75xas long as short
Phemex HYPEUSDT+0.0060%8h93.8180.000%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0080%4h93.922+0.111%$5.0M$30.4M30xas long as short
Arcus HYPE-USD+0.0084%1h93.759−0.063%$1.0M$4.0M10xas long as short
ApeX Omni HYPEUSDT+0.0089%1h93.802−0.017%$348K$1.0M50xas long as short
Paradex HYPE-USD-PERP+0.0090%8h93.827+0.010%$341K$158K20xas long as short
Lighter HYPE+0.0096%1h93.785−0.035%$16.2M$63.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.794−0.026%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.750−0.072%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.750−0.072%$20K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.794−0.025%$6.3M$50.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.884+0.070%$2.05B$683.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.761−0.060%$8.9M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h93.8180.000%$10.1M$15.4M20xas long as short
Binance HYPEUSDTshort+0.0100%4h93.763−0.058%$376.0M$929.1M75x
OKX HYPE-USDT-SWAP+0.0100%8h93.775−0.046%$115.8M$316.6M50xas long as short
Bulk HYPE-USD+0.0100%1h94.213+0.422%$217K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.770−0.051%$48.3M$54.8M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.779−0.042%$89.0M$83.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.795−0.025%$46.3M$18.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.817−0.001%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.759−0.063%$28.7M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.839+0.022%$7.7M$47.9M10xas long as short
StandX HYPE-USD+0.0100%1h93.875+0.061%$680K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.871+0.057%—$243K5xas long as short
Polymarket Perps HYPE-USDlong+0.0100%1h93.818long leg$476K$2.8M20x
Bullet HYPE-USD+0.0100%1h93.804−0.015%$112K$581K20xas long as short
Derive HYPE-PERP+0.0100%1h93.774−0.047%$16.4M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.893+0.080%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.779−0.042%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.965+0.157%$1.4M$6.6M75xas long as short
Extended HYPE-USD+0.0104%1h93.739−0.084%$18.3M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.797−0.022%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0110%8h93.901+0.088%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.870+0.055%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.760−0.062%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0270%1h93.794−0.026%$77K$130K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0315%1h93.888+0.075%$7.4M$4.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.819+0.001%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.808−0.011%$17.1M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0414%1h93.865+0.050%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.798−0.021%$3.2M$6.4M20xas long as short