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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.024%
Price spread now: OKX against Aevo+0.057%50s7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as 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−$420.419% of the position
Long on AevoShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.073%−$7 on $10k
Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.057%, 7d avg −0.020%
Together, before fees−0.089%−$9 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: OKX is 0.077% dearer against Aevo than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo HYPE-PERP93.1780.0104pay 0.0013% / 1h30m 26s$394K$158K20x
ShortOKX HYPE-USDT-SWAP93.2310.0100get 0.0100% / 8h2h 30m$114.3M$309.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Aevo. 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
−$0.84
Price spread: +0.057% → −0.020%
$7.67
Slippage, 4 orders
−$15.91
Fee Aevo: 8 bp × 2 orders
−$16
Fee OKX: 5 bp × 2 orders
−$10
Net
−$35.08
Costs to cover
0.419%
Break-even
never at this rate
Slippage from Aevo: live order book, 19 min ago; OKX: 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 Aevo live order book, 19 min ago7.18 bp15.4 bp −$1517.9 bp −$17923.3 bp −$2,333doesn't fit
Sell OKX live order book, 4 min ago0.05 bp6.3 bp −$69.7 bp −$9717.4 bp −$1,742doesn'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−0.1568%1h93.135−0.046%$196K$234K7xas long as short
Aftermath Perps HYPEUSD−0.0361%1h93.251+0.079%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.195+0.018%$3K$33125xas long as short
Bullet HYPE-USD−0.0059%1h93.242+0.069%$110K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0023%4h93.157−0.022%$146K$662K20xas long as short
01 Exchange HYPEUSD−0.0016%1h93.261+0.089%$87K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.219+0.044%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.204+0.028%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.258+0.086%$62K—150xas long as short
Arcus HYPE-USD+0.0011%1h93.184+0.007%$1.0M$4.0M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0016%4h93.223+0.048%$225.2M$99.0M75xas long as short
Bybit HYPEUSDT+0.0019%8h93.230+0.056%$316.7M$282.9M75xas long as short
Ondo Perps HYPE-USD.P+0.0026%1h93.170−0.008%$702K$1.2M10xas long as short
Phoenix HYPE+0.0026%1h93.263+0.091%$207K$1.2M10xas long as short
Phemex HYPEUSDT+0.0054%8h93.201+0.025%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0088%4h93.175−0.003%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.231+0.057%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.217+0.042%$16.1M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.209+0.033%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.232+0.058%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.170−0.008%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.228+0.054%$8.0M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.274+0.103%$2.03B$669.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.245+0.072%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.231+0.057%$10.0M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.239+0.066%$373.6M$912.7M75xas long as short
OKX HYPE-USDT-SWAPshort+0.0100%8h93.231+0.057%$114.3M$309.4M50x
Bulk HYPE-USD+0.0100%1h93.230+0.056%$215K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.228+0.054%$46.7M$54.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.240+0.067%$91.0M$81.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.208+0.032%$46.1M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.237+0.063%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.225+0.051%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.131−0.051%$28.5M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.218+0.043%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.165−0.014%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.217+0.042%$667K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.286+0.116%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.252+0.080%$483K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.169−0.009%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.154−0.026%$16.1M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.210+0.035%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.162−0.017%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.329+0.162%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.149−0.031%$18.1M$43.2M50xas long as short
Aevo HYPE-PERPlong+0.0104%1h93.178long leg$394K$158K20x
Kalshi KXHYPEPERP+0.0108%8h93.259+0.087%$1.8M$5.7M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.120−0.062%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.230+0.056%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.231+0.057%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.258+0.086%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.160−0.019%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0342%1h93.225+0.050%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0426%1h93.257+0.085%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.276+0.105%$3.2M$6.3M20xas long as short