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 07:00 UTC+0.0174%/8h= +19.1% APRnext payment +$0.22 per $10,000 · paid last 24h +0.041%
Price spread now: Deribit against Bulk+0.154%7-day average +0.003% · 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−$7as in the Price arb table
costs, in and out, $10k−$220.217% of the position
Long on BulkShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.154%, 7d avg +0.003%
Together, before fees−0.072%−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Deribit is 0.151% dearer against Bulk than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk HYPE-USD93.4380.0100pay 0.0013% / 1h31m 04s$216K$15K10x
ShortDeribit HYPE_USDC-PERPETUAL93.5820.0274get 0.0034% / 1h31m 04s$7.5M$4.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$36.54
Price spread: +0.154% → +0.003%
$15.06
Slippage, 4 orders
−$7.68
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$29.92
Costs to cover
0.217%
Break-even
1.3 days
Slippage from Bulk: live order book, 13 min ago; Deribit: 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 Bulk live order book, 13 min ago0.54 bp4.0 bp −$45.9 bp −$5913.0 bp −$1,30031.4 bp −$15.7K
Sell Deribit live order book, 3 min ago0.37 bp8.2 bp −$813.4 bp −$134doesn'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−0.1008%1h93.437−0.001%$198K$240K7xas long as short
Aftermath Perps HYPEUSD−0.0191%1h93.489+0.054%$22K$21K10xas long as short
Bullet HYPE-USD−0.0089%1h93.482+0.047%$111K$579K20xas long as short
Ondo Perps HYPE-USD.P−0.0082%1h93.380−0.062%$703K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.456+0.019%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0048%1h93.532+0.100%$86K$369K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.467+0.031%$145K$685K20xas long as short
Bluefin HYPE-PERP−0.0020%1h93.490+0.055%$79K$155K20xas long as short
dYdX HYPE-USD0.0000%1h93.437−0.002%$128K$26K5xas long as short
Perpl HYPE0.0000%43m93.483+0.048%$20K$290K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT+0.0002%8h93.471+0.035%$315.4M$288.0M75xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.520+0.088%$83K—150xas long as short
BingX HYPE-USDT+0.0002%4h93.488+0.053%—$53.5M—as long as short
Derive HYPE-PERP+0.0007%1h93.302−0.145%$16.2M$7.5M10xas long as short
Phoenix HYPE+0.0017%1h93.508+0.075%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0044%4h93.490+0.055%$225.3M$99.5M75xas long as short
Paradex HYPE-USD-PERP+0.0076%8h93.459+0.022%$334K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.477+0.041%$1.0M$4.0M10xas long as short
edgeX HYPEUSDC+0.0084%4h93.440+0.002%$5.0M$30.6M30xas long as short
Phemex HYPEUSDT+0.0091%8h93.495+0.061%$12.8M$2.8M50xas long as short
Lighter HYPE+0.0096%1h93.489+0.054%$16.1M$64.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.493+0.059%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.499+0.065%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.480+0.045%$21K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.495+0.061%$7.5M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.579+0.151%$2.05B$682.4M10xas long as short
Aster HYPEUSDT+0.0100%4h93.501+0.067%$8.8M$37.1M300xas long as short
Pacifica HYPE+0.0100%1h93.486+0.051%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.525+0.093%$374.2M$929.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.473+0.037%$115.4M$314.8M50xas long as short
Gate HYPE_USDT+0.0100%4h93.507+0.074%$48.6M$55.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.502+0.068%$90.4M$84.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.501+0.067%$46.3M$18.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.521+0.088%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.339−0.107%$28.7M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.469+0.033%$7.5M$48.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.494+0.060%$354K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.466+0.030%$677K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.528+0.096%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.510+0.077%$469K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.564+0.135%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.489+0.054%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.546+0.115%$1.4M$6.7M75xas long as short
Bulk HYPE-USDlong+0.0100%1h93.438long leg$216K$15K10x
Extended HYPE-USD+0.0104%1h93.463+0.026%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.485+0.050%$395K$159K20xas long as short
Kalshi KXHYPEPERP+0.0105%8h93.475+0.039%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.490+0.055%$4.7M$6.1M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0152% / S +0.0022%1h93.515+0.082%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.460+0.023%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.476+0.040%$77K$129K15xas long as short
Deribit HYPE_USDC-PERPETUALshort+0.0274%1h93.582+0.154%$7.5M$4.2M50x
BloFin HYPE-USDT+0.0340%4h93.489+0.054%$16.9M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0416%1h93.566+0.137%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.547+0.116%$3.2M$6.4M20xas long as short