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+0.0086%/8h= +9.4% APRpaid last 24h +0.020%
Price spread now: Lighter RH against Bybit+0.009%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$180.177% of the position
Long on BybitShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 7 days−0.043%−$4 · spread now +0.009%, 7d avg +0.015%
Together, before fees−0.038%+ Points / potential airdropLighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit HYPEUSDT93.6100.0010pay 0.0010% / 8h1h 48m$316.2M$288.0M75x
ShortLighter RH HYPE93.6180.0096get 0.0012% / 1h48m 23s$3.1M$11.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Bybit. 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
$18.07
Price spread: +0.009% → +0.015%
−$0.68
Slippage, 4 orders
−$6.74
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$0.34
Costs to cover
0.177%
Break-even
7.1 days
Slippage from Bybit: live order book, 6 min ago; Lighter RH: live order book, 5 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, 6 min ago0.53 bp6.9 bp −$78.2 bp −$8216.6 bp −$1,65852.1 bp −$26.0K
Sell Lighter RH live order book, 5 min ago1.33 bp1.7 bp −$22.4 bp −$2426.5 bp −$2,650doesn'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−0.1136%1h93.719+0.117%$199K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0243%1h93.808+0.211%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0133%1h93.6100.000%$706K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.589−0.022%$3K$33125xas long as short
Bullet HYPE-USD−0.0065%1h93.618+0.008%$111K$580K20xas long as short
01 Exchange HYPEUSD−0.0064%1h93.618+0.009%$86K$371K20xas long as short
Bluefin HYPE-PERP−0.0035%1h93.612+0.002%$79K$156K20xas long as short
Orderly PERP_HYPE_USDC−0.0020%4h93.6100.000%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.622+0.013%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.624+0.015%$21K$287K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.657+0.051%$63K—150xas long as short
Bybit HYPEUSDTlong+0.0010%8h93.610long leg$316.2M$288.0M75x
BingX HYPE-USDT+0.0010%4h93.625+0.016%—$53.7M—as long as short
Phoenix HYPE+0.0017%1h93.780+0.182%$210K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.626+0.017%$225.5M$99.6M75xas long as short
ApeX Omni HYPEUSDT+0.0074%1h93.801+0.204%$348K$1.0M50xas long as short
Phemex HYPEUSDT+0.0074%8h93.656+0.049%$12.8M$2.8M50xas long as short
Paradex HYPE-USD-PERP+0.0083%8h93.647+0.039%$335K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.590−0.021%$1.0M$4.0M10xas long as short
edgeX HYPEUSDC+0.0091%4h93.758+0.158%$5.0M$30.5M30xas long as short
Derive HYPE-PERP+0.0092%1h93.587−0.025%$16.3M$7.4M10xas long as short
Lighter HYPE+0.0096%1h93.631+0.022%$16.1M$63.6M20xas long as short
Lighter RH HYPEshort+0.0096%1h93.618+0.009%$3.1M$11.1M20x
Popdex HYPEUSDT+0.0096%1h93.598−0.013%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.600−0.011%$23K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.606−0.005%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.707+0.104%$2.05B$682.6M10xas long as short
Aster HYPEUSDT+0.0100%4h93.636+0.028%$8.9M$37.4M300xas long as short
Pacifica HYPE+0.0100%1h93.670+0.064%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.633+0.025%$375.2M$931.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.624+0.015%$115.7M$316.1M50xas long as short
Gate HYPE_USDT+0.0100%4h93.624+0.015%$48.4M$55.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.611+0.001%$88.8M$83.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.660+0.053%$46.3M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.611+0.001%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.670+0.064%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.726+0.124%$7.6M$48.1M10xas long as short
StandX HYPE-USD+0.0100%1h93.679+0.074%$679K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.685+0.080%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.633+0.025%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.681+0.076%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.632+0.024%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.799+0.202%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.129%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.596−0.015%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.622+0.013%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0106%8h93.653+0.046%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.680+0.075%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.670+0.064%$30K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0262%1h93.715+0.112%$7.4M$4.2M50xas long as short
Reya HYPERUSDPERP+0.0271%1h93.602−0.009%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.664+0.058%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.600−0.011%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.702+0.098%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.644+0.036%$3.2M$6.4M20xas long as short