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 01:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.007%
Price spread now: ApeX Omni against Binance+0.231%79s7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$260.263% of the position
Long on BinanceShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.018%+$2 on $10k
Price spread, last 3 days (all we have)−0.225%−$23 · spread now +0.231%, 7d avg −0.006%
Together, before fees−0.207%−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.237% dearer against Binance than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance HYPEUSDT93.9920.0048pay 0.0024% / 4h3h 30m$383.4M$893.3M75x
ShortApeX Omni HYPEUSDT94.2090.0100get 0.0013% / 1h30m 11s$341K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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
$10.87
Price spread: +0.231% → −0.006%
$23.73
Slippage, 4 orders
−$6.34
Fee Binance: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$8.26
Costs to cover
0.263%
Break-even
1.7 days
Slippage from Binance: live order book, 14 min ago; ApeX Omni: live order book, 4 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 Binance live order book, 14 min ago0.05 bp5.1 bp −$57.2 bp −$7213.0 bp −$1,29726.7 bp −$13.4K
Sell ApeX Omni live order book, 4 min ago2.07 bp7.7 bp −$810.4 bp −$104doesn'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
Hibachi HYPE/USDT-P−0.1432%1h94.067+0.080%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.928−0.068%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0234%1h94.151+0.169%$22K$23K10xas long as short
Ondo Perps HYPE-USD.P−0.0160%1h93.990−0.002%$706K$956K10xas long as short
dYdX HYPE-USD−0.0153%1h94.048+0.060%$129K$31K5xas long as short
Phemex HYPEUSDT−0.0104%8h94.018+0.028%$12.8M$2.6M50xas long as short
Bullet HYPE-USD−0.0098%1h93.961−0.033%$112K$580K20xas long as short
01 Exchange HYPEUSD−0.0080%1h93.970−0.023%$85K$361K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.037+0.048%$3K$33125xas long as short
Bybit HYPEUSDT−0.0025%8h93.990−0.002%$322.8M$280.7M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0017%4h93.950−0.045%$159K$645K20xas long as short
Perpl HYPE0.0000%43m94.035+0.046%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.001+0.010%$27K—150xas long as short
Gate HYPE_USDT+0.0006%4h93.999+0.007%$44.5M$59.7M75xas long as short
Aster HYPEUSDT+0.0019%4h93.976−0.017%$8.9M$36.1M300xas long as short
Phoenix HYPE+0.0034%1h94.342+0.372%$219K$1.2M10xas long as short
MEXC HYPE_USDT+0.0048%4h93.9920.000%$89.1M$82.6M100xas long as short
Binance HYPEUSDTlong+0.0048%4h93.992long leg$383.4M$893.3M75x
Derive HYPE-PERP+0.0056%1h93.935−0.061%$16.4M$7.3M10xas long as short
edgeX HYPEUSDC+0.0061%4h94.240+0.264%$5.1M$29.9M30xas long as short
OKX HYPE-USDT-SWAP+0.0080%8h94.005+0.014%$116.0M$318.2M50xas long as short
Lighter HYPE+0.0096%1h94.024+0.034%$19.2M$59.6M20xas long as short
Lighter RH HYPE+0.0096%1h94.003+0.012%$3.0M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.959−0.035%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.963−0.030%$400K$188K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.061+0.074%$342K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.050+0.062%$26K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.951−0.043%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.108+0.123%$2.05B$677.3M10xas long as short
Pacifica HYPE+0.0100%1h94.061+0.074%$10.2M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.995+0.003%$46.6M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.999+0.007%$228.0M$100.9M75xas long as short
BingX HYPE-USDT+0.0100%4h94.000+0.009%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.012+0.021%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h94.030+0.041%$31.5M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.271+0.297%$7.6M$45.8M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h94.209+0.231%$341K$1.1M50x
StandX HYPE-USD+0.0100%1h94.018+0.028%$680K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h94.026+0.037%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.984−0.009%$480K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.963−0.031%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h94.052+0.064%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.975−0.018%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.120+0.136%$205K$4K10xas long as short
Extended HYPE-USD+0.0104%1h93.962−0.032%$18.8M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.030+0.040%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0193%4h94.099+0.114%$17.0M$12.2M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h88.460−5.886%$29K$338K12xas long as short
Kalshi KXHYPEPERP+0.0222%8h94.102+0.117%$1.9M$5.1M2.3xas long as short
RISEx HYPE/USDC+0.0222%1h94.001+0.010%$2.8M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0251%1h93.952−0.043%$79K$146K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0152%1h93.999+0.007%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0409%1h94.076+0.089%$7.5M$4.7M50xas long as short
HTX HYPE-USDT+0.0420%4h94.200+0.221%$1.5M$6.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0671%1h94.076+0.090%$21.0M$29.7M50xas long as short