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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 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Aevo against ApeX Omni−0.118%50s7-day average +0.006% · you buy dearer than you sell
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−$500.504% of the position
Long on ApeX OmniShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.118%, 7d avg +0.006%
Together, before fees+0.167%+$17 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: Aevo is 0.124% cheaper against ApeX Omni than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.006%. 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
LongApeX Omni HYPEUSDT93.3810.0100pay 0.0013% / 1h45m 24s$337K$1.1M50x
ShortAevo HYPE-PERP93.2710.0096get 0.0012% / 1h45m 24s$397K$177K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against ApeX Omni. 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: −0.118% → +0.006%
−$12.4
Slippage, 4 orders
−$24.37
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$63.61
Costs to cover
0.504%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; Aevo: live order book, 24 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 ApeX Omni live order book, 4 min ago2.52 bp9.2 bp −$915.2 bp −$152doesn't fitdoesn't fit
Sell Aevo live order book, 24 min ago7.76 bp15.8 bp −$1615.8 bp −$15826.5 bp −$2,654doesn'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−0.1024%1h93.288−0.099%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.105−0.296%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0173%1h93.350−0.033%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0129%1h93.240−0.151%$698K$977K10xas long as short
Backpack HYPE_USDC_PERP−0.0118%1h93.254−0.136%$7.8M$10.4M20xas long as short
Gate HYPE_USDT−0.0088%4h93.201−0.193%$44.1M$54.0M75xas long as short
01 Exchange HYPEUSD−0.0080%1h93.204−0.190%$84K$361K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.238−0.153%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0054%4h93.184−0.211%$156K$652K20xas long as short
Phemex HYPEUSDT−0.0051%8h93.331−0.054%$12.7M$2.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0029%4h93.211−0.182%$8.8M$36.3M300xas long as short
dYdX HYPE-USD0.0000%1h93.239−0.152%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.221−0.172%$22K$333K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.226−0.166%$25K—150xas long as short
Bluefin HYPE-PERP+0.0006%1h93.269−0.120%$79K$174K20xas long as short
Bybit HYPEUSDT+0.0010%8h93.190−0.205%$318.8M$283.3M75xas long as short
BingX HYPE-USDT+0.0016%4h93.204−0.190%—$54.3M—as long as short
Bullet HYPE-USD+0.0042%1h93.218−0.174%$111K$579K20xas long as short
Binance HYPEUSDT+0.0044%4h93.189−0.206%$379.9M$905.0M75xas long as short
MEXC HYPE_USDT+0.0044%4h93.209−0.184%$88.1M$82.4M100xas long as short
Derive HYPE-PERP+0.0058%1h93.257−0.133%$16.2M$7.6M10xas long as short
edgeX HYPEUSDC+0.0059%4h93.354−0.029%$5.1M$30.0M30xas long as short
Phoenix HYPE+0.0060%1h93.190−0.205%$212K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0064%8h93.196−0.198%$114.9M$315.1M50xas long as short
Lighter HYPE+0.0096%1h93.224−0.169%$16.4M$62.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.222−0.170%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.234−0.157%$65K$1.2M50xas long as short
Aevo HYPE-PERPshort+0.0096%1h93.271−0.118%$397K$177K20x
Paradex HYPE-USD-PERP+0.0096%8h93.239−0.152%$339K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.270−0.119%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.205−0.188%$6.5M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.303−0.083%$2.04B$675.3M10xas long as short
Pacifica HYPE+0.0100%1h93.265−0.124%$10.0M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.404+0.024%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.237−0.154%$45.9M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.217−0.176%$225.6M$100.7M75xas long as short
Variational Omni HYPE+0.0100%8h93.241−0.150%$30.9M$55.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.420+0.042%$7.5M$47.2M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.381long leg$337K$1.1M50x
StandX HYPE-USD+0.0100%1h93.351−0.032%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.279−0.109%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.240−0.151%$467K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.350−0.033%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.292−0.095%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.206−0.187%$18.4M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.410+0.031%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.250−0.140%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0175%4h93.407+0.028%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.265−0.124%$2.7M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0254%1h93.199−0.195%$79K$142K15xas long as short
HTX HYPE-USDT+0.0256%4h93.464+0.089%$1.4M$6.1M75xas long as short
Kalshi KXHYPEPERP+0.0260%8h93.305−0.081%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.314−0.072%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0457%1h93.402+0.022%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0683%1h93.377−0.004%$20.8M$30.0M50xas long as short