Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0089%/8h= +9.8% APRpaid last 24h +0.138%
Price spread now: HTX against Arcus+0.189%7-day average +0.090% · 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−$18as in the Price arb table
costs, in and out, $10k−$280.284% of the position
Long on ArcusShort on HTX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.170%+$17 on $10k
Price spread, last 4 days (all we have)−0.237%−$24 · spread now +0.189%, 7d avg +0.090%
Together, before fees−0.067%−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.100% dearer against Arcus than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.090%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus HYPE-USD93.4730.0011pay 0.0001% / 1h49m 16s$1.0M$3.9M10x
ShortHTX HYPE-USDT93.6500.0100get 0.0050% / 4h2h 49m$1.4M$6.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$18.77
Price spread: +0.189% → +0.090%
$9.98
Slippage, 4 orders
−$11.93
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee HTX: 6 bp × 2 orders
−$12
Net
$0.31
Costs to cover
0.284%
Break-even
6.9 days
Slippage from Arcus: live order book, 5 min ago; HTX: live order book, 5 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, 5 min ago0.37 bp2.7 bp −$33.8 bp −$3818.7 bp −$1,868doesn't fit
Sell HTX live order book, 5 min ago2.99 bp11.1 bp −$1116.0 bp −$16059.9 bp −$5,992doesn'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−0.1848%1h93.418−0.058%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0365%1h93.494+0.023%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.494+0.022%$3K$33125xas long as short
Bullet HYPE-USD−0.0046%1h93.542+0.074%$111K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0032%4h93.520+0.050%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0032%1h93.528+0.059%$88K$365K20xas long as short
Ondo Perps HYPE-USD.P−0.0011%1h93.580+0.114%$704K$1.2M10xas long as short
dYdX HYPE-USD0.0000%1h93.530+0.061%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.508+0.037%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.559+0.092%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USDlong+0.0011%1h93.473long leg$1.0M$3.9M10x
Phemex HYPEUSDT+0.0018%8h93.489+0.017%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0018%4h93.536+0.067%$226.3M$99.1M75xas long as short
Bybit HYPEUSDT+0.0025%8h93.540+0.072%$318.1M$283.6M75xas long as short
Phoenix HYPE+0.0026%1h93.701+0.244%$210K$1.2M10xas long as short
edgeX HYPEUSDC+0.0083%4h93.497+0.026%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.552+0.085%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.522+0.052%$16.2M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.522+0.052%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.501+0.030%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.500+0.029%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.511+0.041%$7.6M$48.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.560+0.093%$2.04B$666.3M10xas long as short
Aster HYPEUSDT+0.0100%4h93.535+0.066%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.547+0.079%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.542+0.074%$375.0M$911.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.538+0.070%$114.7M$309.5M50xas long as short
Bulk HYPE-USD+0.0100%1h93.614+0.151%$204K$3K10xas long as short
Gate HYPE_USDT+0.0100%4h93.530+0.061%$46.4M$54.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.522+0.052%$92.1M$80.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.517+0.047%$46.8M$18.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.539+0.071%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.516+0.046%$7.3M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.649+0.188%$28.7M$56.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.675+0.216%$7.6M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.596+0.132%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.626+0.164%$670K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.574+0.108%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.527+0.058%$490K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.517+0.047%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.521+0.051%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.494+0.022%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.530+0.061%$2.0M$1.9M10xas long as short
HTX HYPE-USDTshort+0.0100%4h93.650+0.189%$1.4M$6.4M75x
Extended HYPE-USD+0.0104%1h93.516+0.046%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.539+0.071%$395K$161K20xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.666+0.206%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.440−0.035%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.550+0.082%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.496+0.025%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.554+0.087%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.673+0.214%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0340%1h93.613+0.149%$20.9M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0434%1h93.635+0.173%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.568+0.102%$3.2M$6.3M20xas long as short