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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 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Pacifica against Extended+0.004%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$150.149% of the position
Long on ExtendedShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days−0.109%−$11 on $10k
Price spread, last 7 days−0.019%−$2 · spread now +0.004%, 7d avg +0.029%
Together, before fees−0.127%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board−$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.025% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.4820.0104pay 0.0013% / 1h33m 32s$18.2M$43.2M50x
ShortPacifica HYPE93.4850.0100get 0.0013% / 1h33m 32s$10.1M$15.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Extended. 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
−$0.84
Price spread: +0.004% → +0.029%
−$2.52
Slippage, 4 orders
−$1.89
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$18.25
Costs to cover
0.149%
Break-even
never at this rate
Slippage from Extended: live order book, 6 min ago; Pacifica: live order book, 1 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, 6 min ago0.05 bp2.6 bp −$35.5 bp −$5526.3 bp −$2,633doesn't fit
Sell Pacifica live order book, 1 min ago0.43 bp4.7 bp −$5doesn't fitdoesn'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−0.1024%1h93.380−0.109%$198K$240K7xas long as short
Aftermath Perps HYPEUSD−0.0185%1h93.490+0.009%$22K$21K10xas long as short
Bullet HYPE-USD−0.0089%1h93.435−0.050%$111K$579K20xas long as short
Ondo Perps HYPE-USD.P−0.0081%1h93.330−0.163%$703K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.362−0.128%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0048%1h93.549+0.072%$86K$369K20xas long as short
Bluefin HYPE-PERP−0.0033%1h93.387−0.102%$79K$155K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.357−0.134%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.436−0.049%$128K$28K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.467−0.016%$1.8M$5.6M2.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.338−0.154%$20K$289K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.400−0.087%$83K—150xas long as short
BingX HYPE-USDT+0.0002%4h93.497+0.016%—$53.5M—as long as short
Bybit HYPEUSDT+0.0002%8h93.478−0.004%$315.4M$287.9M75xas long as short
Derive HYPE-PERP+0.0007%1h93.302−0.192%$16.2M$7.5M10xas long as short
Phoenix HYPE+0.0017%1h93.4820.000%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0042%4h93.485+0.003%$225.2M$99.8M75xas long as short
Paradex HYPE-USD-PERP+0.0076%8h93.517+0.037%$334K$161K20xas long as short
edgeX HYPEUSDC+0.0080%4h93.460−0.023%$5.0M$30.6M30xas long as short
Arcus HYPE-USD+0.0084%1h93.474−0.009%$1.0M$4.0M10xas long as short
Phemex HYPEUSDT+0.0091%8h93.404−0.084%$12.7M$2.8M50xas long as short
Lighter HYPE+0.0096%1h93.466−0.017%$16.1M$64.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.475−0.008%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.513+0.033%$79K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.500+0.019%$21K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.418−0.069%$7.5M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.550+0.073%$2.04B$681.6M10xas long as short
Aster HYPEUSDT+0.0100%4h93.498+0.017%$8.8M$37.1M300xas long as short
Pacifica HYPEshort+0.0100%1h93.485+0.004%$10.1M$15.4M20x
Binance HYPEUSDT+0.0100%4h93.504+0.024%$374.3M$930.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.471−0.012%$115.4M$315.0M50xas long as short
Gate HYPE_USDT+0.0100%4h93.474−0.009%$48.5M$55.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.500+0.019%$89.6M$83.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.502+0.021%$46.3M$18.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.445−0.040%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.339−0.153%$28.7M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.507+0.027%$7.5M$48.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.469−0.014%$350K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.415−0.072%$677K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.526+0.047%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.508+0.028%$469K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.415−0.072%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.388−0.101%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.525+0.046%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.507+0.027%$216K$15K10xas long as short
Extended HYPE-USDlong+0.0104%1h93.482long leg$18.2M$43.2M50x
Aevo HYPE-PERP+0.0104%1h93.405−0.082%$395K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.440−0.045%$4.7M$6.1M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0152% / S +0.0022%1h93.385−0.104%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.290−0.205%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.461−0.022%$77K$129K15xas long as short
BloFin HYPE-USDT+0.0340%4h93.358−0.133%$16.9M$12.2M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0360%1h93.474−0.009%$7.4M$4.2M50xas long as short
Kraken Futures PF_HYPEUSD+0.0416%1h93.455−0.029%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.547+0.070%$3.2M$6.4M20xas long as short