Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

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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+0.0189%/8h= +20.7% APRpaid last 24h −0.008%
Price spread now: Gate against Bullet−0.013%7-day average −0.039% · 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−$32as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Long on BulletShort on Gate
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.018%−$2 on $10k
Price spread, last 4 days (all we have)−0.214%−$21 · spread now −0.013%, 7d avg −0.039%
Together, before fees−0.231%−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.026% dearer against Bullet than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.039%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.018% in total (about -1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.482−0.0089get 0.0011% / 1h31m 16s$111K$579K20x
ShortGate HYPE_USDT93.4700.0100get 0.0050% / 4h1h 31m$48.5M$55.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bullet. 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
$39.79
Price spread: −0.013% → −0.039%
$2.57
Slippage, 4 orders
−$11.88
Fee Bullet: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$7.48
Costs to cover
0.349%
Break-even
5.7 days
Slippage from Bullet: live order book, 13 min ago; Gate: 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 Bullet live order book, 13 min ago0.43 bp5.6 bp −$69.6 bp −$96doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago0.05 bp9.4 bp −$915.3 bp −$15333.3 bp −$3,33055.9 bp −$28.0K

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%1h93.437−0.048%$198K$240K7xas long as short
Aftermath Perps HYPEUSD−0.0191%1h93.489+0.007%$22K$21K10xas long as short
Bullet HYPE-USDlong−0.0089%1h93.482long leg$111K$579K20x
Ondo Perps HYPE-USD.P−0.0082%1h93.380−0.109%$703K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.456−0.028%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0048%1h93.532+0.053%$86K$369K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.467−0.016%$145K$685K20xas long as short
Bluefin HYPE-PERP−0.0020%1h93.490+0.008%$79K$155K20xas long as short
dYdX HYPE-USD0.0000%1h93.437−0.049%$128K$26K5xas long as short
Perpl HYPE0.0000%43m93.483+0.001%$20K$290K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT+0.0002%8h93.468−0.015%$315.4M$288.0M75xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.520+0.041%$83K—150xas long as short
BingX HYPE-USDT+0.0002%4h93.488+0.006%—$53.5M—as long as short
Derive HYPE-PERP+0.0007%1h93.302−0.192%$16.2M$7.5M10xas long as short
Phoenix HYPE+0.0017%1h93.508+0.027%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0044%4h93.493+0.011%$225.3M$99.5M75xas long as short
Paradex HYPE-USD-PERP+0.0076%8h93.459−0.025%$334K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.477−0.006%$1.0M$4.0M10xas long as short
edgeX HYPEUSDC+0.0084%4h93.440−0.045%$5.0M$30.6M30xas long as short
Phemex HYPEUSDT+0.0091%8h93.495+0.014%$12.8M$2.8M50xas long as short
Lighter HYPE+0.0096%1h93.489+0.007%$16.1M$64.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.493+0.011%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.499+0.018%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.480−0.002%$21K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.495+0.014%$7.5M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.569+0.092%$2.05B$682.4M10xas long as short
Aster HYPEUSDT+0.0100%4h93.484+0.002%$8.8M$37.1M300xas long as short
Pacifica HYPE+0.0100%1h93.486+0.004%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.4820.000%$374.0M$929.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.484+0.002%$115.4M$314.8M50xas long as short
Gate HYPE_USDTshort+0.0100%4h93.470−0.013%$48.5M$55.3M75x
MEXC HYPE_USDT+0.0100%4h93.499+0.018%$90.4M$84.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.501+0.020%$46.3M$18.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.424−0.062%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.339−0.154%$28.7M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.469−0.014%$7.5M$48.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.494+0.012%$354K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.466−0.017%$677K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.528+0.049%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.510+0.030%$469K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.564+0.087%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.489+0.007%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.546+0.068%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.438−0.047%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.463−0.021%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.485+0.003%$395K$159K20xas long as short
Kalshi KXHYPEPERP+0.0105%8h93.475−0.008%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.490+0.008%$4.7M$6.1M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0152% / S +0.0022%1h93.515+0.035%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.460−0.024%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.476−0.007%$77K$129K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0274%1h93.582+0.107%$7.5M$4.2M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.489+0.007%$16.9M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0416%1h93.566+0.090%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.547+0.069%$3.2M$6.4M20xas long as short