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 06:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.19 per $10,000 · paid last 24h −0.014%
Price spread now: Coinbase International against Bluefin+0.236%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$480.485% of the position
Long on BluefinShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$2 on $10k
Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.236%, 7d avg −0.017%
Together, before fees−0.208%−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.253% dearer against Bluefin than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin HYPE-PERP93.599−0.0029get 0.0004% / 1h49m 17s$79K$156K20x
ShortCoinbase International HYPE-PERP-INTX93.8200.0120get 0.0015% / 1h49m 17s$4.7M$6.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bluefin. 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
$31.23
Price spread: +0.236% → −0.017%
$25.26
Slippage, 4 orders
−$31.48
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$8.02
Costs to cover
0.485%
Break-even
5.2 days
Slippage from Bluefin: live order book, 60 min ago; Coinbase International: 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 Bluefin live order book, 60 min ago3.36 bp16.3 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 5 min ago2.66 bp8.7 bp −$914.8 bp −$14834.5 bp −$3,448doesn'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−0.1136%1h93.719+0.128%$199K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0248%1h93.846+0.264%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0106%1h93.760+0.172%$706K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.716+0.125%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0064%1h93.687+0.094%$86K$372K20xas long as short
Bullet HYPE-USD−0.0053%1h93.613+0.015%$111K$581K20xas long as short
Bluefin HYPE-PERPlong−0.0029%1h93.599long leg$79K$156K20x
Orderly PERP_HYPE_USDC−0.0019%4h93.600+0.001%$145K$681K20xas long as short
dYdX HYPE-USD0.0000%1h93.743+0.154%$129K$29K5xas long as short
Perpl HYPE0.0000%43m93.679+0.085%$22K$285K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.646+0.050%$63K—150xas long as short
Bybit HYPEUSDT+0.0010%8h93.580−0.020%$316.1M$287.9M75xas long as short
BingX HYPE-USDT+0.0010%4h93.596−0.003%—$53.9M—as long as short
Phoenix HYPE+0.0017%1h93.780+0.193%$210K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.5990.000%$225.5M$99.6M75xas long as short
Phemex HYPEUSDT+0.0071%8h93.624+0.027%$12.8M$2.8M50xas long as short
ApeX Omni HYPEUSDT+0.0074%1h93.801+0.216%$348K$1.0M50xas long as short
Arcus HYPE-USD+0.0084%1h93.593−0.006%$1.0M$4.0M10xas long as short
Paradex HYPE-USD-PERP+0.0085%8h93.690+0.098%$335K$161K20xas long as short
edgeX HYPEUSDC+0.0091%4h93.758+0.170%$5.0M$30.5M30xas long as short
Derive HYPE-PERP+0.0092%1h93.581−0.019%$16.3M$7.4M10xas long as short
Lighter HYPE+0.0096%1h93.598−0.001%$16.2M$63.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.583−0.017%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.670+0.076%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.680+0.087%$23K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.698+0.106%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.760+0.172%$2.05B$682.2M10xas long as short
Aster HYPEUSDT+0.0100%4h93.614+0.016%$8.9M$37.4M300xas long as short
Pacifica HYPE+0.0100%1h93.697+0.105%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.582−0.018%$375.0M$930.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.594−0.005%$115.6M$316.0M50xas long as short
Gate HYPE_USDT+0.0100%4h93.595−0.004%$48.3M$54.9M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.575−0.026%$88.8M$83.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.603+0.004%$46.2M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.611+0.013%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.670+0.075%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.726+0.136%$7.6M$48.1M10xas long as short
StandX HYPE-USD+0.0100%1h93.812+0.228%$679K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.723+0.133%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.664+0.069%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.741+0.152%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.598−0.001%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.807+0.222%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.141%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.570−0.030%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.622+0.024%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0106%8h93.653+0.058%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTXshort+0.0120%1h93.820+0.236%$4.7M$6.1M50x
Injective HYPE/USDC PERP+0.0205%1h93.670+0.076%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.602+0.003%$77K$130K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0273%1h93.703+0.111%$7.4M$4.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.664+0.069%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.600+0.001%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.673+0.079%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.716+0.125%$3.2M$6.4M20xas long as short