Settings8H · net · $10k
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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 03:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.008%
Price spread now: Bullet against ApeX Omni+0.119%66s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.325% of the position
Long on ApeX OmniShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.012%−$1 on $10k
Price spread, last 4 days (all we have)+0.341%+$34 · spread now +0.119%, 7d avg +0.018%
Together, before fees+0.329%+$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bullet is 0.102% dearer against ApeX Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.018%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.008−0.0172get 0.0022% / 1h54m 22s$336K$1.0M50x
ShortBullet HYPE-USD93.1190.0008get 0.0001% / 1h54m 22s$111K$578K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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
$37.77
Price spread: +0.119% → +0.018%
$10.17
Slippage, 4 orders
−$14.5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bullet: 4 bp × 2 orders
−$8
Net
$15.44
Costs to cover
0.325%
Break-even
4.1 days
Slippage from ApeX Omni: live order book, 5 min ago; Bullet: live order book, 10 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, 5 min ago3.55 bp10.5 bp −$1014.8 bp −$148doesn't fitdoesn't fit
Sell Bullet live order book, 10 min ago0.48 bp7.4 bp −$710.8 bp −$108doesn't fitdoesn't fit

HYPE on 54 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−0.1144%1h93.108+0.107%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h92.973−0.038%$1.2M$3.8M10xas long as short
Bluefin HYPE-PERP−0.0295%1h93.150+0.153%$79K$170K20xas long as short
ApeX Omni HYPEUSDTlong−0.0172%1h93.008long leg$336K$1.0M50x
01 Exchange HYPEUSD−0.0080%1h93.092+0.090%$84K$346K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.079+0.076%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0051%4h93.167+0.171%$156K$639K20xas long as short
Ondo Perps HYPE-USD.P−0.0018%1h93.000−0.009%$696K$906K10xas long as short
Aster HYPEUSDT−0.0009%4h93.100+0.099%$8.8M$35.4M300xas long as short
Phemex HYPEUSDT−0.0002%8h93.040+0.034%$12.6M$2.7M50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX HYPE-USD0.0000%1h93.063+0.059%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.112+0.111%$22K$321K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.147+0.149%$25K—150xas long as short
Bullet HYPE-USDshort+0.0008%1h93.119+0.119%$111K$578K20x
BingX HYPE-USDT+0.0008%4h93.122+0.123%—$53.2M—as long as short
Aftermath Perps HYPEUSD+0.0014%1h93.181+0.186%$22K$21K10xas long as short
Bybit HYPEUSDT+0.0017%8h93.151+0.154%$320.8M$275.8M75xas long as short
Gate HYPE_USDT+0.0028%4h93.131+0.132%$44.4M$54.2M75xas long as short
Phoenix HYPE+0.0060%1h93.056+0.052%$210K$1.2M10xas long as short
MEXC HYPE_USDT+0.0076%4h93.101+0.100%$87.6M$79.9M100xas long as short
OKX HYPE-USDT-SWAP+0.0077%8h93.168+0.172%$114.3M$300.4M50xas long as short
Binance HYPEUSDT+0.0078%4h93.133+0.135%$378.7M$872.8M75xas long as short
edgeX HYPEUSDC+0.0091%4h92.963−0.049%$5.0M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.091+0.089%$16.3M$61.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.080+0.077%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.091+0.089%$68K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.117+0.117%$338K$162K20xas long as short
Derive HYPE-PERP+0.0099%1h93.140+0.142%$16.2M$7.6M10xas long as short
Katana Perps HYPE-USD+0.0100%8h93.060+0.056%$38K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.088+0.087%$5.7M$43.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.169+0.173%$2.03B$652.7M10xas long as short
Pacifica HYPE+0.0100%1h93.093+0.091%$10.0M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.094+0.092%$46.0M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.161+0.165%$225.4M$96.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.044+0.039%$7.3M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.170+0.174%$31.0M$54.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.978−0.032%$7.5M$46.3M10xas long as short
StandX HYPE-USD+0.0100%1h93.240+0.249%$665K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.124+0.125%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.108+0.108%$473K$2.4M20xas long as short
SunX HYPE-USDT+0.0100%4h93.191+0.197%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.181+0.186%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h92.998−0.011%$202K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.150+0.153%$18.3M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.177+0.182%$396K$170K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.070+0.067%$4.9M$5.4M50xas long as short
HTX HYPE-USDT+0.0211%4h93.167+0.171%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0257%1h93.086+0.083%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0273%8h93.088+0.086%$1.9M$4.8M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.121+0.121%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0437%1h93.264+0.275%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.189+0.195%$3.2M$6.7M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h92.930−0.084%$30K$338K12xas long as short
Kraken Futures PF_HYPEUSD+0.0686%1h93.247+0.257%$20.7M$29.9M50xas long as short