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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC+0.0467%/8h= +51.1% APRnext payment +$0.58 per $10,000 · paid last 24h +0.077%
Price spread now: RISEx against Derive+0.048%7-day average +0.053% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeriveShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.170%+$17 on $10k
Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.048%, 7d avg +0.053%
Together, before fees+0.149%+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.170% in total (about 16.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive HYPE-PERP93.5490.0092pay 0.0012% / 1h45m 26s$16.3M$7.4M10x
ShortRISEx HYPE/USDC93.5950.0559get 0.0070% / 1h45m 26s$3.2M$6.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Derive. 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
$98.01
Price spread: +0.048% → +0.053%
−$0.46
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee RISEx: 3 bp × 2 orders
−$6
Net
$85.55
Costs to cover
0.120%
Break-even
0.9 days
Slippage unknown: Derive: no order-book sample; RISEx: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Derive no order-book sample—————
Sell RISEx live order book, 4 min ago0.75 bp3.7 bp −$45.9 bp −$59doesn't fitdoesn't fit
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1088%1h93.517−0.035%$198K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0220%1h93.739+0.202%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0125%1h93.570+0.022%$705K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.575+0.027%$3K$33125xas long as short
Bullet HYPE-USD−0.0069%1h93.684+0.144%$111K$580K20xas long as short
01 Exchange HYPEUSD−0.0064%1h93.558+0.009%$86K$370K20xas long as short
Bluefin HYPE-PERP−0.0035%1h93.576+0.028%$79K$156K20xas long as short
Orderly PERP_HYPE_USDC−0.0020%4h93.559+0.010%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.608+0.063%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.631+0.087%$20K$290K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.706+0.167%$63K—150xas long as short
BingX HYPE-USDT+0.0006%4h93.664+0.122%—$53.7M—as long as short
Bybit HYPEUSDT+0.0007%8h93.622+0.078%$316.1M$288.5M75xas long as short
Phoenix HYPE+0.0017%1h93.654+0.112%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.663+0.121%$225.6M$99.7M75xas long as short
Phemex HYPEUSDT+0.0074%8h93.592+0.046%$12.8M$2.8M50xas long as short
Paradex HYPE-USD-PERP+0.0081%8h93.579+0.032%$334K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.520−0.031%$1.0M$4.0M10xas long as short
edgeX HYPEUSDC+0.0087%4h93.627+0.083%$5.0M$30.6M30xas long as short
Derive HYPE-PERPlong+0.0092%1h93.549long leg$16.3M$7.4M10x
Lighter HYPE+0.0096%1h93.542−0.008%$16.1M$63.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.557+0.008%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.591+0.044%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.550+0.001%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.639+0.096%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.721+0.183%$2.05B$682.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.665+0.124%$8.8M$37.4M300xas long as short
Pacifica HYPE+0.0100%1h93.584+0.037%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.666+0.124%$375.3M$931.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.617+0.072%$115.5M$316.3M50xas long as short
Gate HYPE_USDT+0.0100%4h93.531−0.020%$48.4M$55.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.663+0.121%$90.1M$83.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.653+0.111%$46.3M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.592+0.046%$7.2M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.579+0.031%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.664+0.122%$7.5M$48.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.636+0.093%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.613+0.068%$678K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.672+0.131%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.657+0.115%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.702+0.163%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.563+0.015%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.783+0.250%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.194%$216K$15K10xas long as short
Kalshi KXHYPEPERP+0.0102%8h93.619+0.074%$1.8M$5.6M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.516−0.036%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.581+0.034%$396K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.610+0.065%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.640+0.097%$30K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0252%1h93.679+0.139%$7.4M$4.2M50xas long as short
Reya HYPERUSDPERP+0.0271%1h93.643+0.100%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.706+0.167%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.653+0.111%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.648+0.105%$20.9M$29.6M50xas long as short
RISEx HYPE/USDCshort+0.0559%1h93.595+0.048%$3.2M$6.4M20x