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Funding arb · Price arb /

HYPE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Variational Omni against Extended+0.104%7-day average +0.001% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.009%−$1 on $10k
Price spread, last 7 days−0.123%−$12 · spread now +0.104%, 7d avg +0.001%
Together, before fees−0.132%+ Points / potential airdropExtended: Active · Variational Omni: 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: Variational Omni 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 +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.4310.0104pay 0.0013% / 1h53m 49s$18.1M$43.2M50x
ShortVariational Omni HYPE93.5290.0100get 0.0100% / 8h2h 53m$28.7M$56.9M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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: +0.104% → +0.001%
$10.28
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$4.44
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Extended: live order book, 5 min ago; Variational Omni: RFQ quote, just now. 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 Extended live order book, 5 min ago0.05 bp2.6 bp −$35.2 bp −$5225.5 bp −$2,546doesn't fit
Sell Variational Omni RFQ quote, just now0.42 bpdoesn't fit4.4 bp −$4417.5 bp −$1,746doesn'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−0.1904%1h93.390−0.044%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0363%1h93.429−0.003%$22K$21K10xas long as short
Bullet HYPE-USD−0.0165%1h93.384−0.051%$112K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.434+0.003%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0040%1h93.407−0.026%$87K$365K20xas long as short
Orderly PERP_HYPE_USDC−0.0035%4h93.401−0.032%$146K$663K20xas long as short
Ondo Perps HYPE-USD.P−0.0022%1h93.540+0.116%$705K$1.2M10xas long as short
dYdX HYPE-USD0.0000%1h93.453+0.023%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.423−0.008%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.436+0.005%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0011%1h93.366−0.070%$1.0M$3.9M10xas long as short
Bitget HYPEUSDT+0.0022%4h93.513+0.087%$226.3M$99.1M75xas long as short
Bybit HYPEUSDT+0.0024%8h93.510+0.084%$318.1M$283.6M75xas long as short
Phemex HYPEUSDT+0.0025%8h93.449+0.019%$12.6M$2.7M50xas long as short
Phoenix HYPE+0.0026%1h93.546+0.123%$209K$1.2M10xas long as short
Bluefin HYPE-PERP+0.0058%1h93.409−0.024%$79K$167K20xas long as short
Gate HYPE_USDT+0.0092%4h93.480+0.052%$46.3M$53.8M75xas long as short
edgeX HYPEUSDC+0.0092%4h93.577+0.156%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.444+0.013%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.446+0.016%$16.1M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.451+0.021%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.393−0.041%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.420−0.012%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.405−0.028%$7.0M$47.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.565+0.143%$2.04B$665.3M10xas long as short
Aster HYPEUSDT+0.0100%4h93.467+0.038%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.433+0.002%$10.1M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.472+0.043%$374.9M$910.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.514+0.089%$114.9M$308.5M50xas long as short
Bulk HYPE-USD+0.0100%1h93.328−0.110%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.500+0.074%$92.1M$80.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.458+0.029%$46.6M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.499+0.072%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.440+0.009%$7.3M$11.1M20xas long as short
Variational Omni HYPEshort+0.0100%8h93.529+0.104%$28.7M$56.9M—
GRVT HYPE_USDT_Perp+0.0100%4h93.637+0.220%$7.6M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.532+0.108%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.573+0.152%$669K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.487+0.059%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.443+0.013%$490K$2.7M20xas long as short
Derive HYPE-PERP+0.0100%1h93.399−0.035%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.382−0.053%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.435+0.004%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.580+0.159%$1.4M$6.4M75xas long as short
Extended HYPE-USDlong+0.0104%1h93.431long leg$18.1M$43.2M50x
Aevo HYPE-PERP+0.0104%1h93.409−0.024%$395K$161K20xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.470+0.041%$30K$339K12xas long as short
Kalshi KXHYPEPERP+0.0133%8h93.420−0.012%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.470+0.041%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0267%1h93.391−0.043%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.431−0.001%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.441+0.010%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.508+0.082%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0392%1h93.518+0.093%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.450+0.020%$3.2M$6.3M20xas long as short