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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+0.0139%/8h= +15.2% APRnext payment +$0.17 per $10,000 · paid last 24h +0.060%
Price spread now: Injective against ApeX Omni−0.014%7-day average +0.182% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ApeX OmniShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days+2.293%+$229 on $10k
Price spread, last 3 days (all we have)−0.054%−$5 · spread now −0.014%, 7d avg +0.182%
Together, before fees+2.239%+$224 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.196% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.182%). If the spread goes back, that is −$20 on $10k: about 4.7 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+2.293% in total) that is about 14 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.1530.0100pay 0.0013% / 1h13m 59s$414K$1.0M50x
ShortInjective HYPE/USDC PERP93.1400.0239get 0.0030% / 1h13m 59s$30K$338K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$29.13
Price spread: −0.014% → +0.182%
−$19.57
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$0.46
Costs to cover
0.100%
Break-even
7.1 days
Slippage unknown: ApeX Omni: live order book, 5 min ago; Injective: live order book, 5 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 ApeX Omni live order book, 5 min ago3.59 bp9.5 bp −$1013.0 bp −$130doesn't fitdoesn't fit
Sell Injective live order book, 5 min ago9.65 bpdoesn't fitdoesn'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
Aftermath Perps HYPEUSD−0.0441%1h93.211+0.063%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0352%1h93.222+0.075%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.205+0.056%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0123%1h93.210+0.061%$699K$932K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.272+0.128%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0032%1h93.292+0.149%$90K$361K20xas long as short
dYdX HYPE-USD0.0000%1h93.278+0.134%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.260+0.115%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.251+0.106%$23K$330K10xas long as short
Aster HYPEUSDT+0.0001%4h93.377+0.240%$8.9M$35.9M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.336+0.197%$27K—150xas long as short
Orderly PERP_HYPE_USDC+0.0020%4h93.329+0.189%$172K$517K20xas long as short
Bybit HYPEUSDT+0.0023%8h93.377+0.240%$323.5M$285.5M75xas long as short
Phoenix HYPE+0.0034%1h93.249+0.103%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0035%1h93.304+0.162%$112K$578K20xas long as short
Derive HYPE-PERP+0.0047%1h93.269+0.124%$16.3M$7.0M10xas long as short
Gate HYPE_USDT+0.0064%4h93.393+0.258%$44.0M$58.7M75xas long as short
MEXC HYPE_USDT+0.0064%4h93.403+0.268%$90.3M$82.3M100xas long as short
Binance HYPEUSDT+0.0065%4h93.393+0.258%$382.3M$894.6M75xas long as short
edgeX HYPEUSDC+0.0085%4h93.171+0.020%$5.1M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.415+0.281%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.397+0.262%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.331+0.191%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.282+0.138%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.240+0.093%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.255+0.110%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.421+0.288%$2.03B$669.5M10xas long as short
Pacifica HYPE+0.0100%1h93.293+0.150%$10.0M$14.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.372+0.235%$114.3M$314.1M50xas long as short
Bulk HYPE-USD+0.0100%1h93.232+0.085%$204K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.352+0.214%$47.0M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.391+0.255%$226.5M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.396+0.261%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.400+0.265%$7.9M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.203+0.054%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.199+0.049%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.153long leg$414K$1.0M50x
StandX HYPE-USD+0.0100%1h93.206+0.057%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.284+0.141%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.293+0.150%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.336+0.196%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.353+0.215%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.354+0.216%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.331+0.191%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.367+0.230%$18.2M$41.7M50xas long as short
Kalshi KXHYPEPERP+0.0117%8h93.425+0.292%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.410+0.276%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0231%4h93.500+0.373%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERPshort+0.0239%1h93.140−0.014%$30K$338K12x
Reya HYPERUSDPERP+0.0247%1h93.257+0.112%$77K$159K15xas long as short
BloFin HYPE-USDT+0.0260%4h93.211+0.062%$16.8M$12.4M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.325+0.185%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.313+0.172%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0435%1h93.459+0.328%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.493+0.365%$20.9M$29.0M50xas long as short