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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 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%
Price spread now: HTX against Bluefin+0.229%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$520.517% of the position
Long on BluefinShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.157%+$16 on $10k
Price spread, last 4 days (all we have)−0.250%−$25 · spread now +0.229%, 7d avg +0.057%
Together, before fees−0.093%−$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: HTX is 0.172% dearer against Bluefin than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.057%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin HYPE-PERP93.0870.0100pay 0.0013% / 1h26m 31s$79K$166K20x
ShortHTX HYPE-USDT93.3000.0100get 0.0050% / 4h2h 26m$1.4M$6.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$0
Price spread: +0.229% → +0.057%
$17.22
Slippage, 4 orders
−$32.72
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
−$34.49
Costs to cover
0.517%
Break-even
never at this rate
Slippage from Bluefin: live order book, 23 min ago; HTX: live order book, 3 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, 23 min ago3.36 bp16.3 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 3 min ago0.32 bp10.8 bp −$1115.0 bp −$15062.1 bp −$6,214doesn'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−0.1472%1h93.064−0.025%$197K$237K7xas long as short
Aftermath Perps HYPEUSD−0.0363%1h93.229+0.152%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.092+0.005%$3K$33125xas long as short
Bullet HYPE-USD−0.0074%1h93.059−0.030%$111K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0023%4h93.114+0.029%$146K$665K20xas long as short
01 Exchange HYPEUSD−0.0008%1h93.152+0.070%$87K$365K20xas long as short
dYdX HYPE-USD0.0000%1h93.139+0.056%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.086−0.001%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.133+0.050%$62K—150xas long as short
Arcus HYPE-USD+0.0011%1h93.102+0.016%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0012%4h93.097+0.011%$224.9M$98.8M75xas long as short
Ondo Perps HYPE-USD.P+0.0017%1h93.080−0.008%$702K$1.2M10xas long as short
Bybit HYPEUSDT+0.0017%8h93.092+0.005%$316.3M$282.5M75xas long as short
Phoenix HYPE+0.0026%1h93.282+0.209%$207K$1.2M10xas long as short
Phemex HYPEUSDT+0.0056%8h93.129+0.045%$12.7M$2.8M50xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.172+0.092%$339K$157K20xas long as short
Lighter HYPE+0.0096%1h93.143+0.061%$16.1M$63.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.135+0.052%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.130+0.046%$75K$1.2M50xas long as short
edgeX HYPEUSDC+0.0098%4h93.253+0.179%$5.0M$29.9M30xas long as short
Katana Perps HYPE-USD+0.0100%8h93.120+0.035%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.120+0.036%$7.9M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.167+0.086%$2.03B$669.2M10xas long as short
Aster HYPEUSDT+0.0100%4h93.120+0.035%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.157+0.075%$10.0M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.129+0.046%$373.2M$912.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.089+0.002%$114.3M$308.5M50xas long as short
Bulk HYPE-USD+0.0100%1h93.230+0.153%$215K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.121+0.037%$46.7M$54.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.134+0.050%$90.8M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.135+0.052%$46.0M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.129+0.045%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.147+0.064%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.131+0.047%$28.5M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.241+0.165%$7.5M$47.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.281+0.208%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.185+0.105%$667K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.167+0.086%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.121+0.037%$482K$2.7M20xas long as short
Bluefin HYPE-PERPlong+0.0100%1h93.087long leg$79K$166K20x
Derive HYPE-PERP+0.0100%1h93.080−0.007%$16.1M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.132+0.048%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.094+0.008%$2.0M$1.9M10xas long as short
HTX HYPE-USDTshort+0.0100%4h93.300+0.229%$1.4M$6.5M75x
Extended HYPE-USD+0.0104%1h93.097+0.011%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.088+0.001%$394K$158K20xas long as short
Kalshi KXHYPEPERP+0.0109%8h93.184+0.104%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.620+0.573%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.150+0.068%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.094+0.008%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.120+0.035%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.096+0.010%$16.8M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0342%1h93.162+0.081%$20.8M$29.5M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0512%1h93.192+0.113%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.198+0.119%$3.2M$6.3M20xas long as short