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 00:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.009%
Price spread now: Bullet against Extended+0.011%7-day average +0.066% · 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−$24as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Long on ExtendedShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.015%−$2 on $10k
Price spread, last 3 days (all we have)+0.272%+$27 · spread now +0.011%, 7d avg +0.066%
Together, before fees+0.257%+ Points / potential airdropExtended: Active · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bullet is 0.054% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.066%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.4720.0104pay 0.0013% / 1h23m 43s$18.3M$42.8M50x
ShortBullet HYPE-USD93.4830.0091get 0.0011% / 1h23m 43s$113K$576K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Extended. 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
−$2.63
Price spread: +0.011% → +0.066%
−$5.42
Slippage, 4 orders
−$5.78
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$26.83
Costs to cover
0.188%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; Bullet: live order book, 55 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 Extended live order book, 5 min ago0.05 bp2.6 bp −$36.3 bp −$6325.6 bp −$2,563doesn't fit
Sell Bullet live order book, 55 min ago0.22 bp4.6 bp −$57.9 bp −$79doesn't fitdoesn'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−0.0928%1h93.480+0.009%$198K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0383%1h93.607+0.144%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.434−0.041%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.524+0.055%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0079%1h93.470−0.002%$703K$910K10xas long as short
01 Exchange HYPEUSD−0.0056%1h93.497+0.026%$86K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.492+0.021%$127K$30K5xas long as short
Perpl HYPE0.0000%43m93.528+0.060%$23K$329K10xas long as short
Orderly PERP_HYPE_USDC+0.0001%4h93.515+0.046%$166K$583K20xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.527+0.059%$26K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0003%1h93.446−0.028%$16.3M$7.1M10xas long as short
Aster HYPEUSDT+0.0006%4h93.484+0.013%$8.9M$36.0M300xas long as short
Phoenix HYPE+0.0009%1h93.618+0.156%$214K$1.2M10xas long as short
Bybit HYPEUSDT+0.0018%8h93.470−0.002%$321.3M$283.6M75xas long as short
MEXC HYPE_USDT+0.0050%4h93.487+0.016%$87.6M$81.8M100xas long as short
Binance HYPEUSDT+0.0052%4h93.485+0.013%$382.0M$896.4M75xas long as short
edgeX HYPEUSDC+0.0064%4h93.635+0.175%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0068%8h93.523+0.054%$12.7M$2.6M50xas long as short
Gate HYPE_USDT+0.0078%4h93.493+0.022%$43.9M$59.6M75xas long as short
Popdex HYPEUSDT+0.0088%1h93.509+0.039%$59K$1.2M50xas long as short
Bullet HYPE-USDshort+0.0091%1h93.483+0.011%$113K$576K20x
Lighter HYPE+0.0096%1h93.527+0.059%$18.8M$60.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.487+0.016%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.509+0.039%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.551+0.084%$340K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.500+0.030%$43K$1.6M10xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.456−0.017%$115.2M$320.1M50xas long as short
Nado HYPE-PERP+0.0100%1h93.527+0.059%$5.7M$44.4M10xas long as short
Pacifica HYPE+0.0100%1h93.542+0.075%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.625+0.163%$204K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.502+0.032%$46.3M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.479+0.007%$226.4M$102.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.488+0.017%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.516+0.047%$7.8M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.574+0.109%$31.2M$54.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.619+0.157%$7.6M$45.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.646+0.186%$346K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.611+0.148%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.545+0.077%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.528+0.060%$490K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.474+0.002%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.545+0.078%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.483+0.011%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+1.003%$31K$338K12xas long as short
Extended HYPE-USDlong+0.0104%1h93.472long leg$18.3M$42.8M50x
Kalshi KXHYPEPERP+0.0132%8h93.577+0.112%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.560+0.094%$4.9M$5.6M50xas long as short
Hyperliquid HYPE+0.0165%1h93.491+0.020%$2.03B$676.9M10xas long as short
BloFin HYPE-USDT+0.0208%4h93.521+0.052%$17.1M$12.6M75xas long as short
HTX HYPE-USDT+0.0210%4h93.688+0.231%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.509+0.040%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.558+0.092%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0337% / S −0.0163%1h93.520+0.051%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0359%1h93.585+0.121%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0580%1h93.584+0.119%$20.9M$29.5M50xas long as short