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+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.014%
Price spread now: SoDEX against Bullet+0.011%7-day average −0.009% · 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−$25as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Long on BulletShort on SoDEX
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)−0.043%−$4 · spread now +0.011%, 7d avg −0.009%
Together, before fees−0.025%−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.656−0.0070get 0.0009% / 1h27m 17s$111K$579K20x
ShortSoDEX HYPE-USD93.6660.0100get 0.0013% / 1h27m 17s$2.0M$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$35.76
Price spread: +0.011% → −0.009%
$1.93
Slippage, 4 orders
−$10.98
Fee Bullet: 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$10.71
Costs to cover
0.270%
Break-even
4.9 days
Slippage from Bullet: live order book, 17 min ago; SoDEX: live order book, 2 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, 17 min ago0.43 bp5.6 bp −$69.6 bp −$96doesn't fitdoesn't fit
Sell SoDEX live order book, 2 min ago0.37 bp6.8 bp −$712.5 bp −$12597.4 bp −$9,744doesn'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−0.0992%1h93.495−0.172%$198K$238K7xas long as short
Aftermath Perps HYPEUSD−0.0189%1h93.552−0.111%$22K$21K10xas long as short
BingX HYPE-USDT−0.0100%4h93.6560.000%—$53.5M—as long as short
Hotstuff HYPE-PERP−0.0080%1h93.616−0.043%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0079%1h93.520−0.145%$703K$1.2M10xas long as short
Bullet HYPE-USDlong−0.0070%1h93.656long leg$111K$579K20x
01 Exchange HYPEUSD−0.0040%1h93.704+0.051%$86K$368K20xas long as short
Orderly PERP_HYPE_USDC−0.0018%4h93.634−0.023%$145K$683K20xas long as short
Bluefin HYPE-PERP−0.0003%1h93.644−0.013%$79K$155K20xas long as short
dYdX HYPE-USD0.0000%1h93.682+0.027%$128K$26K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT0.0000%8h93.640−0.017%$316.0M$287.3M75xas long as short
Perpl HYPE0.0000%43m93.667+0.012%$20K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.580−0.081%$83K—150xas long as short
Derive HYPE-PERP+0.0007%1h93.302−0.378%$16.2M$7.5M10xas long as short
Phoenix HYPE+0.0017%1h93.623−0.035%$208K$1.1M10xas long as short
Bitget HYPEUSDT+0.0048%4h93.671+0.016%$225.7M$99.4M75xas long as short
Paradex HYPE-USD-PERP+0.0077%8h93.687+0.033%$335K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.632−0.026%$1.0M$4.0M10xas long as short
Phemex HYPEUSDT+0.0093%8h93.566−0.096%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0093%4h93.551−0.112%$5.0M$30.5M30xas long as short
Lighter HYPE+0.0096%1h93.651−0.005%$16.1M$64.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.667+0.012%$3.2M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.667+0.012%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.620−0.038%$21K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.643−0.014%$7.5M$50.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.745+0.095%$2.05B$682.5M10xas long as short
Aster HYPEUSDT+0.0100%4h93.665+0.009%$8.8M$36.9M300xas long as short
Pacifica HYPE+0.0100%1h93.681+0.027%$10.1M$15.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.673+0.018%$374.8M$928.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.636−0.021%$115.6M$314.6M50xas long as short
Gate HYPE_USDT+0.0100%4h93.653−0.003%$48.7M$55.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.6560.000%$90.3M$84.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.666+0.011%$46.4M$18.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.593−0.067%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.449−0.221%$28.7M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.492−0.175%$7.5M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.566−0.096%$354K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.579−0.082%$678K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.700+0.047%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.672+0.017%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.725+0.074%$32K$1.6M20xas long as short
SoDEX HYPE-USDshort+0.0100%1h93.666+0.011%$2.0M$1.9M10x
HTX HYPE-USDT+0.0100%4h93.691+0.037%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.438−0.232%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.635−0.023%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.670+0.015%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0105%8h93.630−0.028%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.660+0.004%$4.7M$6.1M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0151% / S +0.0022%1h93.597−0.063%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.540−0.124%$30K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0230%1h93.754+0.105%$7.4M$4.2M50xas long as short
Reya HYPERUSDPERP+0.0271%1h93.535−0.129%$77K$129K15xas long as short
BloFin HYPE-USDT+0.0340%4h93.572−0.090%$16.9M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.742+0.091%$20.9M$29.5M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.700+0.047%$3.2M$6.3M20xas long as short