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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 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: StandX against ApeX Omni+0.080%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Long on ApeX OmniShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 7 days−0.045%−$5 · spread now +0.080%, 7d avg +0.012%
Together, before fees−0.043%+ Points / potential airdropStandX: Active · farm board−$4 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: StandX is 0.068% dearer against ApeX Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT94.2490.0100pay 0.0013% / 1h51m 07s$362K$1.0M50x
ShortStandX HYPE-USD94.3240.0100get 0.0013% / 1h51m 07s$682K$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
Price spread: +0.080% → +0.012%
$6.76
Slippage, 4 orders
−$17.05
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$28.28
Costs to cover
0.350%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 3 min ago; StandX: live order book, 3 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, 3 min ago2.07 bp8.3 bp −$811.4 bp −$114doesn't fitdoesn't fit
Sell StandX live order book, 3 min ago3.66 bp10.7 bp −$1112.7 bp −$12736.0 bp −$3,605doesn'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−0.1144%1h94.247−0.002%$201K$250K7xas long as short
Bluefin HYPE-PERP−0.0344%1h94.366+0.124%$80K$155K20xas long as short
Ondo Perps HYPE-USD.P−0.0195%1h94.270+0.022%$711K$1.2M10xas long as short
Aftermath Perps HYPEUSD−0.0131%1h94.322+0.077%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0104%1h94.439+0.202%$87K$366K20xas long as short
Bullet HYPE-USD−0.0094%1h94.418+0.179%$112K$575K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.298+0.052%$3K$33125xas long as short
Arcus HYPE-USD−0.0045%1h94.421+0.182%$1.0M$3.6M10xas long as short
Derive HYPE-PERP−0.0026%1h94.325+0.081%$16.4M$7.5M10xas long as short
Bybit HYPEUSDT−0.0014%8h94.370+0.128%$317.6M$289.5M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0012%4h94.370+0.128%—$53.5M—as long as short
Orderly PERP_HYPE_USDC−0.0003%4h94.369+0.127%$146K$685K20xas long as short
dYdX HYPE-USD0.0000%1h94.425+0.186%$129K$60K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.467+0.231%$1.8M$5.5M2.3xas long as short
Phoenix HYPE0.0000%1h94.351+0.108%$209K$1.1M10xas long as short
Perpl HYPE0.0000%43m94.427+0.189%$19K$287K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S 0.0000%1h94.425+0.187%$117K—150xas long as short
Bitget HYPEUSDT+0.0038%4h94.370+0.128%$227.0M$100.1M75xas long as short
Phemex HYPEUSDT+0.0042%8h94.357+0.115%$12.9M$2.9M50xas long as short
Paradex HYPE-USD-PERP+0.0059%8h94.489+0.255%$338K$156K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0064%1h94.380+0.139%$4.7M$6.2M50xas long as short
Lighter HYPE+0.0080%1h94.382+0.141%$16.3M$63.9M20xas long as short
OKX HYPE-USDT-SWAP+0.0087%8h94.371+0.129%$117.6M$324.0M50xas long as short
Lighter RH HYPE+0.0096%1h94.390+0.150%$3.2M$10.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.434+0.196%$82K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.430+0.192%$17K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.421+0.183%$6.6M$51.2M10xas long as short
Hyperliquid HYPE+0.0100%1h94.531+0.299%$2.08B$688.8M10xas long as short
Aster HYPEUSDT+0.0100%4h94.407+0.167%$8.8M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h94.469+0.234%$10.2M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h94.406+0.166%$377.9M$933.0M75xas long as short
Bulk HYPE-USD+0.0100%1h94.065−0.195%$217K$12K10xas long as short
Gate HYPE_USDT+0.0100%4h94.403+0.163%$49.5M$56.2M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.394+0.154%$91.1M$82.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.391+0.151%$47.1M$18.6M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.349+0.106%$7.6M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.098−0.161%$29.2M$55.2M—as long as short
edgeX HYPEUSDC+0.0100%4h94.238−0.012%$5.0M$30.7M30xas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.258+0.009%$7.6M$46.0M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h94.249long leg$362K$1.0M50x
StandX HYPE-USDshort+0.0100%1h94.324+0.080%$682K$2.7M20x
Vest HYPE-PERP+0.0100%1h94.487+0.253%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.462+0.226%$496K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h94.497+0.263%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.382+0.141%$2.1M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.552+0.321%$1.4M$6.8M75xas long as short
Extended HYPE-USD+0.0104%1h94.354+0.112%$18.3M$43.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.374+0.133%$399K$159K20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0151% / S +0.0021%1h94.395+0.155%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0185%1h94.400+0.160%$30K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0205%1h94.470+0.234%$7.4M$4.3M50xas long as short
Kraken Futures PF_HYPEUSD+0.0223%1h94.429+0.191%$20.3M$30.2M50xas long as short
RISEx HYPE/USDC+0.0249%1h94.457+0.220%$3.2M$6.4M20xas long as short
Reya HYPERUSDPERP+0.0272%1h94.404+0.164%$83K$123K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.368+0.126%$17.0M$12.4M75xas long as short