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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 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against SunX+0.012%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$660.660% of the position
Long on SunXShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days−0.099%−$10 on $10k
Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.012%, 7d avg −0.043%
Together, before fees−0.143%+ Points / potential airdropPacifica: Active · farm board−$14 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: Pacifica is 0.055% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX HYPE-USDT93.8390.0100pay 0.0050% / 4h3h 05m$32K$1.6M20x
ShortPacifica HYPE93.8500.0100get 0.0013% / 1h5m 31s$10.1M$14.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against SunX. 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: +0.012% → −0.043%
$5.46
Slippage, 4 orders
−$49.98
Fee SunX: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$60.51
Costs to cover
0.660%
Break-even
never at this rate
Slippage from SunX: live order book, 10 min ago; Pacifica: 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 SunX live order book, 10 min ago19.34 bp24.1 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Pacifica live order book, 4 min ago0.27 bp4.7 bp −$5doesn't fitdoesn't fitdoesn'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−0.1112%1h93.814−0.027%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.716−0.131%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0193%1h93.943+0.111%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0097%1h93.810−0.031%$710K$958K10xas long as short
dYdX HYPE-USD−0.0082%1h93.836−0.004%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h93.830−0.010%$85K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.842+0.003%$3K$33125xas long as short
Bullet HYPE-USD−0.0050%1h93.799−0.043%$113K$580K20xas long as short
Phemex HYPEUSDT−0.0038%8h93.823−0.017%$12.8M$2.6M50xas long as short
Orderly PERP_HYPE_USDC−0.0034%4h93.769−0.075%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0022%4h93.820−0.020%$44.4M$60.4M75xas long as short
Perpl HYPE0.0000%43m93.8390.000%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.818−0.023%$27K—150xas long as short
Aster HYPEUSDT+0.0004%4h93.808−0.033%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0010%1h93.747−0.098%$16.4M$7.6M10xas long as short
Bybit HYPEUSDT+0.0018%8h93.820−0.020%$322.8M$278.8M75xas long as short
Phoenix HYPE+0.0034%1h94.045+0.220%$214K$1.2M10xas long as short
MEXC HYPE_USDT+0.0054%4h93.836−0.003%$88.3M$83.4M100xas long as short
Binance HYPEUSDT+0.0054%4h93.830−0.010%$383.1M$893.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0071%8h93.830−0.010%$116.0M$314.5M50xas long as short
edgeX HYPEUSDC+0.0074%4h93.859+0.021%$5.1M$29.7M30xas long as short
Bluefin HYPE-PERP+0.0082%1h93.751−0.094%$76K$170K20xas long as short
Lighter HYPE+0.0096%1h93.867+0.030%$18.9M$60.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.855+0.017%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.830−0.010%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.777−0.066%$399K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.880+0.044%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.830−0.010%$31K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.843+0.004%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.895+0.060%$2.05B$668.7M10xas long as short
Pacifica HYPEshort+0.0100%1h93.850+0.012%$10.1M$14.7M20x
KuCoin HYPEUSDTM+0.0100%4h93.856+0.018%$46.6M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.830−0.010%$227.2M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.826−0.014%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.792−0.050%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.768−0.076%$31.3M$53.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.999+0.171%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.020+0.193%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.866+0.029%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.869+0.032%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.861+0.023%$474K$2.5M20xas long as short
SunX HYPE-USDTlong+0.0100%4h93.839long leg$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.833−0.006%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.894+0.058%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.795−0.047%$18.4M$45.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.870+0.033%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.810−0.031%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0218%4h93.919+0.085%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h93.868+0.031%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0244%8h93.896+0.061%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.820−0.020%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0159%1h93.815−0.025%$1.4M—100xas long as short
HTX HYPE-USDT+0.0367%4h94.004+0.176%$1.5M$5.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0400%1h93.907+0.072%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.901+0.066%$20.9M$29.7M50xas long as short