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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 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%
Price spread now: ApeX Omni against Bitget+0.281%83s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as 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−$300.303% of the position
Long on BitgetShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.079%+$8 on $10k
Price spread, last 3 days (all we have)+0.015%+$2 · spread now +0.281%, 7d avg +0.025%
Together, before fees+0.094%+$9 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: ApeX Omni is 0.256% dearer against Bitget than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.025%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPEUSDT93.2960.0100pay 0.0050% / 4h2h 10m$226.7M$102.6M75x
ShortApeX Omni HYPEUSDT93.5580.0100get 0.0013% / 1h10m 10s$406K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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: +0.281% → +0.025%
$25.57
Slippage, 4 orders
−$8.29
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$4.72
Costs to cover
0.303%
Break-even
never at this rate
Slippage from Bitget: live order book, 9 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 Bitget live order book, 9 min ago0.05 bp6.5 bp −$710.8 bp −$108doesn't fitdoesn't fit
Sell ApeX Omni live order book, 4 min ago2.89 bp8.0 bp −$811.4 bp −$114doesn'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−0.0920%1h93.381+0.091%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0256%1h93.477+0.194%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0236%1h93.410+0.122%$700K$932K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.337+0.044%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.322+0.028%$90K$353K20xas long as short
Derive HYPE-PERP−0.0025%1h93.309+0.014%$16.4M$7.1M10xas long as short
Bullet HYPE-USD−0.0015%1h93.304+0.009%$110K$581K20xas long as short
dYdX HYPE-USD0.0000%1h93.383+0.093%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.327+0.033%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.350+0.058%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0010%4h93.275−0.023%$8.9M$35.8M300xas long as short
Gate HYPE_USDT+0.0024%4h93.303+0.008%$43.9M$57.7M75xas long as short
Bybit HYPEUSDT+0.0030%8h93.280−0.017%$324.9M$287.2M75xas long as short
Popdex HYPEUSDT+0.0040%1h93.305+0.010%$58K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0055%4h93.321+0.027%$163K$539K20xas long as short
Phoenix HYPE+0.0068%1h93.605+0.331%$216K$1.2M10xas long as short
SoDEX HYPE-USD+0.0096%1h93.288−0.009%$2.0M$2.0M10xas long as short
Lighter HYPE+0.0096%1h93.319+0.025%$18.6M$59.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.316+0.021%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.330+0.036%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.350+0.058%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.305+0.009%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.390+0.101%$2.03B$671.1M10xas long as short
Pacifica HYPE+0.0100%1h93.322+0.028%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.2960.000%$385.2M$889.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.270−0.028%$114.6M$315.0M50xas long as short
Arcus HYPE-USD+0.0100%1h93.285−0.012%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285−0.012%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.298+0.002%$93.1M$82.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.291−0.005%$46.2M$18.8M75xas long as short
Bitget HYPEUSDTlong+0.0100%4h93.296long leg$226.7M$102.6M75x
BingX HYPE-USDT+0.0100%4h93.284−0.013%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.311+0.016%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.263−0.036%$29.1M$50.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.439+0.153%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.558+0.281%$406K$1.0M50x
StandX HYPE-USD+0.0100%1h93.346+0.054%$675K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.337+0.044%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.295−0.001%$75K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.395+0.106%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.335+0.042%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.343+0.050%—$454K5xas long as short
Extended HYPE-USD+0.0104%1h93.284−0.013%$18.3M$41.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.322+0.028%$397K$318K20xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.397+0.108%$1.9M$5.3M2.3xas long as short
edgeX HYPEUSDC+0.0118%4h93.534+0.256%$5.1M$29.7M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.390+0.101%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.304+0.009%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.658%$31K$291K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0286%1h93.410+0.122%$7.4M$4.6M50xas long as short
HTX HYPE-USDT+0.0295%4h93.487+0.205%$1.5M$7.7M75xas long as short
BloFin HYPE-USDT+0.0340%4h93.289−0.008%$17.1M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0346% / S −0.0171%1h93.343+0.050%$1.5M—100xas long as short
RISEx HYPE/USDC+0.0467%1h93.365+0.074%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.397+0.108%$19.1M$26.1M50xas long as short