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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: ApeX Omni against Bulk+0.140%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$260.255% of the position
Long on BulkShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.002%$0 on $10k
Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.140%, 7d avg −0.035%
Together, before fees−0.114%−$11 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 0.176% dearer against Bulk than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk HYPE-USD94.1200.0100pay 0.0013% / 1h33m 10s$205K$4K10x
ShortApeX Omni HYPEUSDT94.2520.0100get 0.0013% / 1h33m 10s$341K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bulk. 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: +0.140% → −0.035%
$17.56
Slippage, 4 orders
−$8.53
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$7.97
Costs to cover
0.255%
Break-even
never at this rate
Slippage from Bulk: live order book, 41 min ago; ApeX Omni: live order book, 1 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 Bulk live order book, 41 min ago0.53 bp4.0 bp −$45.9 bp −$5912.3 bp −$1,23235.8 bp −$17.9K
Sell ApeX Omni live order book, 1 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−0.1448%1h94.283+0.173%$200K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h94.156+0.038%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0242%1h94.220+0.106%$22K$23K10xas long as short
Phemex HYPEUSDT−0.0236%8h94.135+0.016%$12.8M$2.6M50xas long as short
dYdX HYPE-USD−0.0171%1h94.245+0.133%$129K$31K5xas long as short
Ondo Perps HYPE-USD.P−0.0152%1h94.210+0.096%$710K$947K10xas long as short
Bullet HYPE-USD−0.0091%1h94.087−0.035%$112K$580K20xas long as short
01 Exchange HYPEUSD−0.0080%1h94.217+0.103%$86K$361K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.258+0.147%$3K$33125xas long as short
Bybit HYPEUSDT−0.0019%8h94.070−0.053%$323.2M$280.8M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0014%4h94.093−0.029%$161K$638K20xas long as short
Perpl HYPE0.0000%43m94.151+0.033%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.122+0.002%$27K—150xas long as short
Aster HYPEUSDT+0.0025%4h94.176+0.059%$8.9M$36.1M300xas long as short
Gate HYPE_USDT+0.0026%4h94.098−0.023%$44.5M$59.6M75xas long as short
Phoenix HYPE+0.0034%1h94.342+0.236%$219K$1.2M10xas long as short
MEXC HYPE_USDT+0.0050%4h94.084−0.038%$89.4M$82.5M100xas long as short
Binance HYPEUSDT+0.0051%4h94.084−0.038%$383.7M$893.3M75xas long as short
Derive HYPE-PERP+0.0056%1h94.053−0.072%$16.4M$7.3M10xas long as short
edgeX HYPEUSDC+0.0061%4h94.240+0.127%$5.1M$29.9M30xas long as short
OKX HYPE-USDT-SWAP+0.0080%8h94.095−0.027%$116.1M$319.1M50xas long as short
Lighter HYPE+0.0096%1h94.128+0.008%$19.0M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h94.110−0.011%$3.0M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.182+0.066%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h94.084−0.038%$400K$188K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.292+0.183%$342K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.190+0.074%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.208+0.094%$6.7M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.297+0.188%$2.06B$676.7M10xas long as short
Pacifica HYPE+0.0100%1h94.278+0.168%$10.2M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.139+0.020%$46.6M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.085−0.037%$228.2M$100.9M75xas long as short
BingX HYPE-USDT+0.0100%4h94.096−0.025%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.291+0.182%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h94.220+0.107%$31.8M$54.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.271+0.160%$7.6M$45.8M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h94.252+0.140%$341K$1.1M50x
StandX HYPE-USD+0.0100%1h94.262+0.151%$682K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h94.245+0.132%—$248K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.204+0.089%$481K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.075−0.048%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h94.344+0.238%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.089−0.033%$2.0M$2.0M10xas long as short
Bulk HYPE-USDlong+0.0100%1h94.120long leg$205K$4K10x
Extended HYPE-USD+0.0104%1h94.068−0.055%$18.9M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.1200.000%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.393%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0206%4h94.147+0.029%$17.0M$12.2M75xas long as short
Kalshi KXHYPEPERP+0.0213%8h94.209+0.095%$1.9M$5.1M2.3xas long as short
RISEx HYPE/USDC+0.0222%1h94.237+0.125%$2.8M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0251%1h94.130+0.011%$79K$145K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0153%1h94.125+0.006%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0345%1h94.182+0.066%$7.5M$4.7M50xas long as short
HTX HYPE-USDT+0.0438%4h94.300+0.191%$1.5M$6.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0670%1h94.181+0.065%$21.0M$29.7M50xas long as short