Funding you earn now, next payment 03:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.019%
Price spread now: StandX against Bybit+0.144%58s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$260.261% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 7 days−0.162%−$16 · spread now +0.144%, 7d avg +0.018%
=Together, before fees−0.094%+ Points / potential airdropStandX: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and StandX is 0.126% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.018%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HYPEUSDT | 92.980 | 0.0017 | pay 0.0017% / 8h | 5h 55m | $320.2M | $275.7M | 75x |
| Short | StandX HYPE-USD | 93.114 | 0.0100 | get 0.0013% / 1h | 55m 41s | $664K | $2.6M | 20x |
Bybit HYPEUSDT
StandX HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $17.4
- Price spread: +0.144% → +0.018%
- $12.57
- Slippage, 4 orders
- −$7.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- $3.85
- Costs to cover
- 0.261%
- Break-even
- 5.4 days
Slippage from Bybit: live order book, 3 min ago; StandX: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 3 min ago | 0.54 bp | 6.0 bp −$6 | 7.2 bp −$72 | 15.4 bp −$1,537 | 59.7 bp −$29.9K |
| Sell StandX live order book, 3 min ago | 1.67 bp | 6.7 bp −$7 | 7.0 bp −$70 | 13.8 bp −$1,384 | doesn't fit |
HYPE on 54 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1136% | 1h | 93.001 | +0.023% | $195K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 92.891 | −0.096% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0323% | 1h | 93.126 | +0.157% | $79K | $170K | 20x | as long as short |
| ApeX Omni HYPEUSDT | −0.0172% | 1h | 93.008 | +0.030% | $336K | $1.0M | 50x | as long as short |
| Bullet HYPE-USD | −0.0107% | 1h | 93.171 | +0.205% | $111K | $578K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 93.000 | +0.022% | $84K | $346K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.041 | +0.066% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0050% | 4h | 93.139 | +0.171% | $155K | $639K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0038% | 8h | 93.176 | +0.211% | $12.6M | $2.7M | 50x | as long as short |
| Aster HYPEUSDT | −0.0004% | 4h | 93.043 | +0.068% | $8.8M | $35.3M | 300x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Bluefin HYPE-PERP
ApeX Omni HYPEUSDT
Bullet HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
Aster HYPEUSDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX HYPE-USD | 0.0000% | 1h | 93.063 | +0.089% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.224 | +0.262% | $22K | $321K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.174 | +0.208% | $25K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0008% | 4h | 93.000 | +0.022% | — | $53.2M | — | as long as short |
| Aftermath Perps HYPEUSD | +0.0017% | 1h | 93.247 | +0.287% | $22K | $21K | 10x | as long as short |
| Bybit HYPEUSDTlong | +0.0017% | 8h | 92.980 | long leg | $320.2M | $275.7M | 75x | |
| Gate HYPE_USDT | +0.0030% | 4h | 93.004 | +0.026% | $44.3M | $54.2M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0034% | 1h | 93.000 | +0.022% | $696K | $906K | 10x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.056 | +0.082% | $210K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0076% | 4h | 92.998 | +0.019% | $87.6M | $79.8M | 100x | as long as short |
| Binance HYPEUSDT | +0.0077% | 4h | 92.982 | +0.002% | $378.1M | $872.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0077% | 8h | 92.981 | +0.001% | $114.1M | $299.8M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0091% | 4h | 92.963 | −0.019% | $5.0M | $29.7M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.027 | +0.051% | $16.3M | $61.3M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.020 | +0.043% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.986 | +0.006% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.041 | +0.066% | $338K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 92.990 | +0.011% | $38K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.180 | +0.215% | $5.7M | $43.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.098 | +0.127% | $2.03B | $659.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.035 | +0.059% | $10.0M | $14.6M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.022 | +0.045% | $45.9M | $18.0M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.985 | +0.005% | $225.0M | $96.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.096 | +0.125% | $7.3M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.170 | +0.204% | $31.0M | $54.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.978 | −0.002% | $7.5M | $46.3M | 10x | as long as short |
| StandX HYPE-USDshort | +0.0100% | 1h | 93.114 | +0.144% | $664K | $2.6M | 20x | |
| Vest HYPE-PERP | +0.0100% | 1h | 93.229 | +0.267% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.248 | +0.288% | $474K | $2.4M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.135 | +0.167% | $16.2M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.272 | +0.314% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.158 | +0.191% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.998 | +0.019% | $202K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.975 | −0.005% | $18.3M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.145 | +0.178% | $396K | $170K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.220 | +0.258% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0214% | 4h | 93.350 | +0.398% | $1.4M | $5.9M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0256% | 1h | 93.204 | +0.241% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0273% | 8h | 93.333 | +0.380% | $1.9M | $4.8M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.214 | +0.251% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0437% | 1h | 93.255 | +0.296% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.090 | +0.118% | $3.2M | $6.7M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 92.900 | −0.086% | $30K | $338K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0686% | 1h | 93.236 | +0.275% | $20.8M | $29.9M | 50x | as long as short |
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Aftermath Perps HYPEUSD
Gate HYPE_USDT
Ondo Perps HYPE-USD.P
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD