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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 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: SoDEX against Extended+0.143%7-day average +0.040% · 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−$9as in the Price arb table
costs, in and out, $10k−$200.196% of the position
Long on ExtendedShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.004%$0 on $10k
Price spread, last 3 days (all we have)−0.127%−$13 · spread now +0.143%, 7d avg +0.040%
Together, before fees−0.131%+ Points / potential airdropExtended: 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: SoDEX is 0.103% dearer against Extended than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.6900.0104pay 0.0013% / 1h3m 44s$18.4M$44.9M50x
ShortSoDEX HYPE-USD93.8240.0100get 0.0013% / 1h3m 44s$2.0M$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
−$0.84
Price spread: +0.143% → +0.040%
$10.27
Slippage, 4 orders
−$6.59
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$10.16
Costs to cover
0.196%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; SoDEX: live order book, just now.

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 −$34.8 bp −$4830.2 bp −$3,021doesn't fit
Sell SoDEX live order book, just now0.59 bp6.7 bp −$713.2 bp −$132100.9 bp −$10.1Kdoesn'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−0.1120%1h93.756+0.070%$198K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.785+0.101%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0194%1h93.910+0.234%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0090%1h93.810+0.128%$710K$958K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.884+0.207%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.912+0.237%$3K$33125xas long as short
dYdX HYPE-USD−0.0079%1h93.695+0.005%$128K$31K5xas long as short
Phemex HYPEUSDT−0.0073%8h93.801+0.118%$12.8M$2.6M50xas long as short
Bullet HYPE-USD−0.0046%1h93.872+0.194%$113K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0035%4h93.840+0.160%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0014%4h93.709+0.020%$44.4M$60.4M75xas long as short
Perpl HYPE0.0000%43m93.919+0.244%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.898+0.222%$27K—150xas long as short
Aster HYPEUSDT+0.0004%4h93.739+0.052%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0016%1h93.810+0.127%$16.4M$7.6M10xas long as short
Bybit HYPEUSDT+0.0025%8h93.650−0.043%$322.1M$278.7M75xas long as short
Phoenix HYPE+0.0034%1h94.045+0.379%$214K$1.2M10xas long as short
MEXC HYPE_USDT+0.0054%4h93.660−0.032%$87.9M$83.4M100xas long as short
Binance HYPEUSDT+0.0054%4h93.678−0.013%$382.5M$893.6M75xas long as short
OKX HYPE-USDT-SWAP+0.0072%8h93.641−0.053%$115.8M$313.9M50xas long as short
edgeX HYPEUSDC+0.0074%4h93.859+0.180%$5.1M$29.7M30xas long as short
Bluefin HYPE-PERP+0.0076%1h93.841+0.161%$76K$170K20xas long as short
Lighter HYPE+0.0096%1h93.697+0.007%$18.9M$60.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.678−0.013%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.881+0.203%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.851+0.172%$399K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.681−0.010%$340K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.900+0.224%$31K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.927+0.253%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.750+0.064%$2.04B$669.0M10xas long as short
Pacifica HYPE+0.0100%1h93.686−0.005%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.672−0.020%$46.5M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.666−0.026%$226.8M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.662−0.030%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.736+0.049%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.768+0.083%$31.3M$53.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.999+0.329%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.020+0.352%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.827+0.146%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.910+0.234%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.906+0.230%$474K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.940+0.266%$32K$1.6M20xas long as short
SoDEX HYPE-USDshort+0.0100%1h93.824+0.143%$2.0M$2.0M10x
Bulk HYPE-USD+0.0100%1h93.894+0.217%$204K$10K10xas long as short
Extended HYPE-USDlong+0.0104%1h93.690long leg$18.4M$44.9M50x
Coinbase International HYPE-PERP-INTX+0.0144%1h93.900+0.224%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.760+0.074%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0216%4h93.818+0.136%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h93.933+0.259%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0246%8h93.912+0.237%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.873+0.195%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0157%1h93.895+0.219%$1.4M—100xas long as short
HTX HYPE-USDT+0.0366%4h94.112+0.450%$1.5M$6.0M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0421%1h93.922+0.247%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.906+0.230%$20.9M$29.7M50xas long as short