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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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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.

Funding you earn now, next payment 11:00 UTC−0.0129%/8h= −14.1% APRnext payment −$0.16 per $10,000 · paid last 24h −0.061%
Price spread now: Aftermath Perps against SoDEX+0.168%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SoDEXShort on Aftermath Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Aftermath Perps is 0.168% dearer against SoDEX than usual: you sell high and buy low (spread +0.168% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD95.055−0.0002get 0.0000% / 1h49m 46s$2.1M$340K10x
ShortAftermath Perps HYPEUSD95.215−0.0131pay 0.0016% / 1h49m 46s$22K$17K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against SoDEX. 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
−$27.08
Price spread: +0.168% → 0.000%
$16.84
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$27.24
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 2 min ago; Aftermath Perps: no order-book sample. 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 SoDEX live order book, 2 min ago0.05 bp6.6 bp −$712.8 bp −$128101.4 bp −$10.1Kdoesn't fit
Sell Aftermath Perps no order-book sample—————
Aftermath 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 54 exchanges

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−0.1088%1h95.235+0.189%$215K$263K7xas long as short
Phemex HYPEUSDT−0.0272%8h95.0550.000%$13.0M$2.5M50xas long as short
Kraken Futures PF_HYPEUSD−0.0252%1h95.073+0.019%$18.5M$35.2M50xas long as short
Ondo Perps HYPE-USD.P−0.0193%1h95.090+0.037%$689K$1.3M10xas long as short
Lighter HYPE−0.0184%1h94.987−0.072%$16.3M$57.5M20xas long as short
Aftermath Perps HYPEUSDshort−0.0131%1h95.215+0.168%$22K$17K10x
Arcus HYPE-USD−0.0130%1h95.093+0.040%$1.1M$2.4M10xas long as short
01 Exchange HYPEUSD−0.0120%1h95.096+0.043%$95K$339K20xas long as short
Gate HYPE_USDT−0.0086%4h95.0550.000%$54.8M$53.2M75xas long as short
Hotstuff HYPE-PERP−0.0080%1h95.191+0.143%$3K$33125xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International HYPE-PERP-INTX−0.0056%1h95.110+0.058%$4.7M$5.5M50xas long as short
Bullet HYPE-USD−0.0050%1h95.085+0.032%$113K$581K20xas long as short
Orderly PERP_HYPE_USDC−0.0044%4h95.037−0.019%$148K$643K20xas long as short
Aster HYPEUSDT−0.0043%4h95.022−0.035%$8.9M$32.7M300xas long as short
Popdex HYPEUSDT−0.0040%1h95.102+0.049%$274K$1.0M50xas long as short
OKX HYPE-USDT-SWAP−0.0014%8h94.980−0.079%$119.1M$302.3M50xas long as short
Phoenix HYPE−0.0008%1h95.326+0.285%$199K$1.1M10xas long as short
SoDEX HYPE-USDlong−0.0002%1h95.055long leg$2.1M$340K10x
dYdX HYPE-USD0.0000%1h95.169+0.120%$129K$94K5xas long as short
Perpl HYPE0.0000%43m95.106+0.053%$24K$251K10xas long as short
Deribit HYPE_USDC-PERPETUAL0.0000%1h95.150+0.100%$7.5M$4.3M50xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h95.192+0.144%$100K—150xas long as short
Bitget HYPEUSDT+0.0016%4h95.006−0.052%$228.4M$86.8M75xas long as short
Bybit HYPEUSDT+0.0023%8h95.017−0.040%$320.0M$265.5M75xas long as short
Bulk HYPE-USD+0.0074%1h95.269+0.225%$232K$12K10xas long as short
Paradex HYPE-USD-PERP+0.0075%8h95.105+0.052%$339K$34K20xas long as short
edgeX HYPEUSDC+0.0078%4h95.131+0.080%$5.1M$29.2M30xas long as short
Bluefin HYPE-PERP+0.0079%1h95.064+0.009%$79K$135K20xas long as short
Binance HYPEUSDT+0.0082%4h95.013−0.044%$382.0M$852.2M75xas long as short
MEXC HYPE_USDT+0.0086%4h95.024−0.033%$90.0M$83.1M100xas long as short
StandX HYPE-USD+0.0086%1h95.142+0.092%$692K$2.7M20xas long as short
BingX HYPE-USDT+0.0092%4h95.026−0.031%—$49.4M—as long as short
Lighter RH HYPE+0.0096%1h95.078+0.024%$3.3M$10.0M20xas long as short
Katana Perps HYPE-USD+0.0099%8h95.110+0.058%$39K$1.5M10xas long as short
Nado HYPE-PERP+0.0100%1h95.091+0.038%$7.4M$51.9M10xas long as short
Hyperliquid HYPE+0.0100%1h95.138+0.087%$2.11B$646.1M10xas long as short
Pacifica HYPE+0.0100%1h95.129+0.078%$10.3M$13.3M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h95.057+0.002%$47.3M$17.6M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h95.098+0.045%$7.8M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h95.111+0.059%$30.0M$53.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h95.192+0.144%$7.7M$39.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h95.135+0.084%$347K$882K50xas long as short
Vest HYPE-PERP+0.0100%1h95.174+0.126%—$80K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h95.135+0.084%$504K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h95.169+0.120%$33K$1.4M20xas long as short
HTX HYPE-USDT+0.0100%4h95.252+0.207%$1.4M$5.3M75xas long as short
Extended HYPE-USD+0.0104%1h95.024−0.033%$18.4M$39.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h95.038−0.018%$402K$130K20xas long as short
Kalshi KXHYPEPERP+0.0126%8h95.197+0.149%$1.8M$5.1M2.3xas long as short
RISEx HYPE/USDC+0.0133%1h95.199+0.152%$3.2M$5.5M20xas long as short
Reya HYPERUSDPERP+0.0270%1h95.108+0.056%$85K$96K15xas long as short
BloFin HYPE-USDT+0.0326%4h95.132+0.081%$17.3M$11.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0155%1h95.199+0.151%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0969%1h95.500+0.468%$31K$334K12xas long as short