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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 03:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h +0.022%
Price spread now: Extended against Bybit−0.035%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$180.180% of the position
Long on BybitShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.085%+$8 on $10k
Price spread, last 7 days+0.035%+$4 · spread now −0.035%, 7d avg −0.010%
Together, before fees+0.120%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.025% cheaper against Bybit than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of −0.010%). If the spread goes back, that is −$2 on $10k: about 34 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit HYPEUSDT93.0450.0045pay 0.0045% / 8h5h 13m$320.1M$277.1M75x
ShortExtended HYPE-USD93.0130.0104get 0.0013% / 1h13m 02s$18.3M$42.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$12.3
Price spread: −0.035% → −0.010%
−$2.46
Slippage, 4 orders
−$1.98
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$8.14
Costs to cover
0.180%
Break-even
11.6 days
Slippage from Bybit: live order book, 1 min ago; Extended: live order book, 6 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 Bybit live order book, 1 min ago0.54 bp6.0 bp −$67.0 bp −$7015.2 bp −$1,51756.9 bp −$28.5K
Sell Extended live order book, 6 min ago0.05 bp2.6 bp −$34.1 bp −$4122.8 bp −$2,280doesn'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−0.1016%1h93.092+0.051%$197K$227K7xas long as short
Arcus HYPE-USD−0.0899%1h93.002−0.046%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0139%1h93.060+0.016%$699K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.096+0.055%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.122+0.083%$85K$345K20xas long as short
Orderly PERP_HYPE_USDC−0.0049%4h93.079+0.037%$155K$654K20xas long as short
Aftermath Perps HYPEUSD−0.0044%1h93.279+0.251%$22K$21K10xas long as short
dYdX HYPE-USD0.0000%1h93.163+0.127%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.124+0.085%$23K$319K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.107+0.066%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex HYPEUSDT+0.0013%8h93.115+0.075%$12.6M$2.7M50xas long as short
Aster HYPEUSDT+0.0018%4h93.069+0.025%$8.8M$35.9M300xas long as short
Bullet HYPE-USD+0.0018%1h93.087+0.046%$111K$579K20xas long as short
Phoenix HYPE+0.0026%1h93.156+0.119%$212K$1.2M10xas long as short
BingX HYPE-USDT+0.0034%4h93.048+0.003%—$52.9M—as long as short
Gate HYPE_USDT+0.0042%4h93.057+0.013%$44.5M$55.5M75xas long as short
Bybit HYPEUSDTlong+0.0045%8h93.045long leg$320.1M$277.1M75x
OKX HYPE-USDT-SWAP+0.0075%8h93.035−0.011%$113.5M$299.3M50xas long as short
Derive HYPE-PERP+0.0092%1h93.060+0.016%$16.1M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.093+0.051%$16.2M$62.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.083+0.041%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.104+0.063%$70K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.149+0.112%$339K$162K20xas long as short
Binance HYPEUSDT+0.0099%4h93.049+0.004%$376.2M$880.5M75xas long as short
Katana Perps HYPE-USD+0.0100%8h93.130+0.091%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.112+0.071%$5.8M$43.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.132+0.094%$2.03B$657.4M10xas long as short
Pacifica HYPE+0.0100%1h93.135+0.097%$10.0M$14.8M20xas long as short
MEXC HYPE_USDT+0.0100%4h93.067+0.024%$89.4M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.076+0.033%$45.8M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.044−0.001%$225.0M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.049+0.004%$7.3M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.377+0.357%$31.1M$53.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.364+0.342%$7.5M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.292+0.265%$339K$998K50xas long as short
StandX HYPE-USD+0.0100%1h93.148+0.111%$665K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.147+0.110%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.138+0.100%$481K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.055+0.011%$79K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.121+0.082%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.081+0.039%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.155+0.118%$203K$10K10xas long as short
Extended HYPE-USDshort+0.0104%1h93.013−0.035%$18.3M$42.9M50x
Aevo HYPE-PERP+0.0104%1h93.043−0.002%$396K$162K20xas long as short
edgeX HYPEUSDC+0.0117%4h93.295+0.269%$5.0M$29.1M30xas long as short
HTX HYPE-USDT+0.0141%4h93.245+0.215%$1.4M$6.0M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.150+0.113%$4.8M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0259%1h93.096+0.055%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0269%8h93.157+0.120%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0156%1h93.109+0.068%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0339%4h93.088+0.046%$17.0M$11.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0448%1h93.180+0.145%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.205+0.172%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.730+0.736%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0687%1h93.132+0.093%$20.7M$29.8M50xas long as short