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 23:00 UTC+0.0385%/8h= +42.1% APRnext payment +$0.48 per $10,000 · paid last 24h +0.031%
Price spread now: Coinbase International against Arcus+0.185%7-day average +0.007% · 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−$6as in the Price arb table
costs, in and out, $10k−$240.238% of the position
Long on ArcusShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.072%−$7 on $10k
Price spread, last 3 days (all we have)−0.199%−$20 · spread now +0.185%, 7d avg +0.007%
Together, before fees−0.271%−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Coinbase International is 0.178% dearer against Arcus than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 3 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.072% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus HYPE-USD93.497−0.0233get 0.0029% / 1h26m 57s$1.2M$3.8M10x
ShortCoinbase International HYPE-PERP-INTX93.6700.0152get 0.0019% / 1h26m 57s$4.9M$5.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Arcus. 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
$80.75
Price spread: +0.185% → +0.007%
$17.84
Slippage, 4 orders
−$9.28
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$74.81
Costs to cover
0.238%
Break-even
0.5 days
Slippage from Arcus: live order book, 2 min ago; Coinbase International: live order book, 2 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 Arcus live order book, 2 min ago0.37 bp3.6 bp −$48.2 bp −$8226.8 bp −$2,684doesn't fit
Sell Coinbase International live order book, 2 min ago1.60 bp10.0 bp −$1013.8 bp −$13835.7 bp −$3,565doesn'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−0.0872%1h93.521+0.025%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0369%1h93.718+0.236%$22K$22K10xas long as short
Arcus HYPE-USDlong−0.0233%1h93.497long leg$1.2M$3.8M10x
Hotstuff HYPE-PERP−0.0080%1h93.593+0.103%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0067%1h93.540+0.046%$703K$909K10xas long as short
01 Exchange HYPEUSD−0.0040%1h93.573+0.081%$86K$366K20xas long as short
Derive HYPE-PERP−0.0017%1h93.529+0.034%$16.3M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.663+0.177%$127K$30K5xas long as short
Perpl HYPE0.0000%43m93.575+0.084%$23K$329K10xas long as short
Orderly PERP_HYPE_USDC+0.0002%4h93.617+0.128%$166K$583K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.620+0.132%$26K—150xas long as short
Phoenix HYPE+0.0009%1h93.687+0.203%$214K$1.2M10xas long as short
Aster HYPEUSDT+0.0015%4h93.593+0.102%$8.9M$36.0M300xas long as short
Bybit HYPEUSDT+0.0018%8h93.620+0.132%$321.7M$283.3M75xas long as short
MEXC HYPE_USDT+0.0056%4h93.612+0.123%$87.7M$81.8M100xas long as short
Binance HYPEUSDT+0.0057%4h93.626+0.138%$382.6M$895.6M75xas long as short
edgeX HYPEUSDC+0.0064%4h93.635+0.148%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0072%8h93.625+0.137%$12.8M$2.6M50xas long as short
Gate HYPE_USDT+0.0084%4h93.610+0.121%$44.5M$59.1M75xas long as short
Bullet HYPE-USD+0.0090%1h93.576+0.084%$112K$577K20xas long as short
Lighter HYPE+0.0096%1h93.652+0.166%$18.8M$60.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.620+0.132%$3.0M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.589+0.098%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.592+0.102%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.596+0.106%$340K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.550+0.057%$43K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.576+0.084%$5.7M$44.4M10xas long as short
Pacifica HYPE+0.0100%1h93.613+0.124%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.616+0.127%$115.2M$320.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.625+0.137%$204K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.597+0.107%$46.4M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.633+0.145%$226.8M$102.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.612+0.123%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.639+0.152%$7.8M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.564+0.072%$31.2M$53.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.632+0.144%$7.6M$45.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.646+0.159%$346K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.649+0.163%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.639+0.152%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.604+0.114%$490K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.590+0.099%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.615+0.126%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.587+0.096%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.977%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.588+0.097%$18.3M$42.8M50xas long as short
Kalshi KXHYPEPERP+0.0132%8h93.661+0.175%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTXshort+0.0152%1h93.670+0.185%$4.9M$5.7M50x
HTX HYPE-USDT+0.0213%4h93.771+0.293%$1.5M$7.8M75xas long as short
Hyperliquid HYPE+0.0227%1h93.660+0.174%$2.03B$676.4M10xas long as short
BloFin HYPE-USDT+0.0229%4h93.600+0.110%$17.1M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.595+0.104%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.644+0.157%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0337% / S −0.0163%1h93.615+0.126%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0466%1h93.693+0.210%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0579%1h93.674+0.189%$20.9M$29.5M50xas long as short