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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: spread
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Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%
Price spread now: SoDEX against Bitget−0.095%49s7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.315% of the position
Long on BitgetShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.028%+$3 on $10k
Price spread, last 3 days (all we have)+0.123%+$12 · spread now −0.095%, 7d avg +0.021%
Together, before fees+0.152%+$15 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: SoDEX is 0.116% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.021%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPEUSDT93.2600.0100pay 0.0050% / 4h1h 16m$226.1M$103.0M75x
ShortSoDEX HYPE-USD93.1710.0100get 0.0013% / 1h16m 28s$2.0M$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: −0.095% → +0.021%
−$11.61
Slippage, 4 orders
−$11.46
Fee Bitget: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$43.07
Costs to cover
0.315%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; SoDEX: 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 Bitget live order book, 3 min ago0.16 bp8.7 bp −$912.1 bp −$121doesn't fitdoesn't fit
Sell SoDEX live order book, 2 min ago0.05 bp7.2 bp −$711.8 bp −$118103.3 bp −$10.3Kdoesn'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
Aftermath Perps HYPEUSD−0.0436%1h93.156−0.112%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0336%1h93.268+0.009%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.198−0.066%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0123%1h93.170−0.097%$699K$931K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.189−0.076%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0032%1h93.286+0.028%$90K$361K20xas long as short
Aster HYPEUSDT0.0000%4h93.255−0.005%$8.9M$35.9M300xas long as short
dYdX HYPE-USD0.0000%1h93.278+0.019%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.266+0.006%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.243−0.018%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.201−0.063%$27K—150xas long as short
Orderly PERP_HYPE_USDC+0.0021%4h93.191−0.074%$172K$518K20xas long as short
Bybit HYPEUSDT+0.0023%8h93.231−0.031%$323.0M$286.2M75xas long as short
Bullet HYPE-USD+0.0032%1h93.228−0.034%$112K$579K20xas long as short
Phoenix HYPE+0.0034%1h93.249−0.012%$214K$1.2M10xas long as short
Derive HYPE-PERP+0.0047%1h93.134−0.135%$16.3M$7.0M10xas long as short
Binance HYPEUSDT+0.0065%4h93.261+0.001%$381.8M$894.2M75xas long as short
Gate HYPE_USDT+0.0066%4h93.247−0.014%$43.9M$58.6M75xas long as short
MEXC HYPE_USDT+0.0066%4h93.254−0.006%$90.1M$82.3M100xas long as short
edgeX HYPEUSDC+0.0079%4h93.210−0.054%$5.1M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.281+0.022%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.267+0.008%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.199−0.066%$396K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.249−0.012%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.250−0.011%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.269+0.010%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.275+0.016%$2.03B$669.4M10xas long as short
Pacifica HYPE+0.0100%1h93.273+0.014%$10.0M$14.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.225−0.038%$114.2M$313.9M50xas long as short
Bulk HYPE-USD+0.0100%1h93.232−0.030%$204K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.261+0.001%$47.0M$18.7M75xas long as short
Bitget HYPEUSDTlong+0.0100%4h93.260long leg$226.1M$103.0M75x
BingX HYPE-USDT+0.0100%4h93.241−0.020%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.204−0.060%$7.8M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.153−0.114%$29.0M$50.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.253−0.008%$7.5M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.262+0.002%$415K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.195−0.070%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.254−0.007%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.263+0.003%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.168−0.099%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.224−0.039%$32K$1.6M20xas long as short
SoDEX HYPE-USDshort+0.0100%1h93.171−0.095%$2.0M$2.0M10x
Phemex HYPEUSDT+0.0100%8h93.222−0.041%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.251−0.009%$18.2M$41.9M50xas long as short
Kalshi KXHYPEPERP+0.0115%8h93.300+0.043%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.270+0.011%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0236%4h93.346+0.092%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.190−0.075%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.215−0.049%$77K$159K15xas long as short
BloFin HYPE-USDT+0.0265%4h93.192−0.073%$16.8M$12.5M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.324+0.069%$2.7M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0297%1h93.271+0.012%$7.4M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.194−0.070%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.282+0.024%$20.9M$29.0M50xas long as short