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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 23:00 UTC+0.0640%/8h= +70.0% APRnext payment +$0.80 per $10,000 · paid last 24h +0.048%
Price spread now: Injective against Aftermath Perps−0.149%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Aftermath PerpsShort on Injective
What this pair did over the last
the charts below follow
Funding, last 3 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
Funding pays, the price is against you. Injective is 0.149% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.149% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 19 hours of funding at the current rate (+$19 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.019−0.0401get 0.0050% / 1h28m 43s$22K$22K10x
ShortInjective HYPE/USDC PERP92.8800.0239get 0.0030% / 1h28m 43s$30K$338K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Aftermath 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
$134.34
Price spread: −0.149% → 0.000%
−$14.93
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$110.39
Costs to cover
0.090%
Break-even
1.2 days
Slippage unknown: Aftermath Perps: no order-book sample; Injective: live order book, 55 min ago. 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 Aftermath Perps no order-book sample—————
Sell Injective live order book, 55 min ago15.46 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
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 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 HYPEUSDlong−0.0401%1h93.019long leg$22K$22K10x
Hibachi HYPE/USDT-P−0.0256%1h92.932−0.093%$196K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h92.924−0.102%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0123%1h92.870−0.160%$698K$924K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.921−0.105%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0032%1h92.968−0.055%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0016%1h92.961−0.062%$58K$1.2M50xas long as short
Aster HYPEUSDT−0.0007%4h93.076+0.062%$8.8M$36.0M300xas long as short
dYdX HYPE-USD0.0000%1h93.108+0.096%$127K$32K5xas long as short
Perpl HYPE0.0000%43m92.990−0.031%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.038+0.021%$20K—150xas long as short
Bybit HYPEUSDT+0.0024%8h93.095+0.082%$322.9M$287.2M75xas long as short
Orderly PERP_HYPE_USDC+0.0025%4h92.979−0.043%$171K$518K20xas long as short
Derive HYPE-PERP+0.0033%1h92.949−0.075%$16.2M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.033+0.015%$213K$1.2M10xas long as short
Gate HYPE_USDT+0.0038%4h93.073+0.058%$43.8M$58.4M75xas long as short
Bullet HYPE-USD+0.0039%1h92.989−0.032%$111K$580K20xas long as short
MEXC HYPE_USDT+0.0070%4h93.075+0.060%$90.1M$81.9M100xas long as short
Binance HYPEUSDT+0.0070%4h93.069+0.054%$381.8M$895.1M75xas long as short
edgeX HYPEUSDC+0.0086%4h93.085+0.071%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.143+0.134%$18.5M$58.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.120+0.109%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h92.968−0.055%$395K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h92.948−0.077%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.010−0.010%$34K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h92.978−0.043%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.110+0.098%$2.02B$672.9M10xas long as short
Pacifica HYPE+0.0100%1h93.003−0.017%$9.9M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.080+0.066%$113.7M$314.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.030+0.012%$203K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.047+0.030%$47.0M$19.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.104+0.092%$225.6M$103.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.080+0.066%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.037+0.020%$7.8M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.003−0.017%$28.9M$50.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.981−0.041%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.095+0.082%$412K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.014−0.005%$673K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h92.990−0.030%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.992−0.029%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.001−0.019%$75K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.007−0.013%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.998−0.022%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.010−0.010%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.037+0.019%$18.2M$42.1M50xas long as short
Kalshi KXHYPEPERP+0.0109%8h93.103+0.090%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.020+0.001%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERPshort+0.0239%1h92.880−0.149%$30K$338K12x
HTX HYPE-USDT+0.0242%4h93.178+0.171%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0247%1h92.962−0.061%$77K$158K15xas long as short
RISEx HYPE/USDC+0.0280%1h93.022+0.003%$2.7M$6.8M20xas long as short
BloFin HYPE-USDT+0.0280%4h92.998−0.022%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h93.020+0.001%$1.5M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.122+0.111%$20.8M$28.9M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0492%1h93.107+0.095%$7.4M$4.6M50xas long as short