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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 01:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.027%
Price spread now: Polymarket Perps against gTrade (Gains Network)−0.021%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Polymarket Perps is 0.021% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD94.206L +0.0002% / S −0.0003%pay 0.0000% / 1h26m 09s$27K—150x
ShortPolymarket Perps HYPE-USD94.1860.0100get 0.0013% / 1h26m 09s$481K$2.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against gTrade (Gains Network). 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
$20.52
Price spread: −0.021% → 0.000%
−$2.13
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$0.38
Costs to cover
0.180%
Break-even
6.9 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Polymarket Perps: live order book, 3 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 gTrade (Gains Network) no order-book sample—————
Sell Polymarket Perps live order book, 3 min ago0.43 bp4.4 bp −$44.9 bp −$4912.1 bp −$1,210doesn't fit
gTrade (Gains Network): 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−0.1376%1h94.105−0.107%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h94.061−0.154%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0225%1h94.144−0.066%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0150%1h94.090−0.123%$711K$960K10xas long as short
dYdX HYPE-USD−0.0139%1h94.123−0.088%$129K$31K5xas long as short
Phemex HYPEUSDT−0.0115%8h94.166−0.043%$12.8M$2.6M50xas long as short
Bullet HYPE-USD−0.0102%1h94.160−0.049%$113K$580K20xas long as short
01 Exchange HYPEUSD−0.0080%1h94.172−0.036%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.124−0.087%$3K$33125xas long as short
Bybit HYPEUSDT−0.0020%8h94.135−0.075%$323.4M$280.4M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0019%4h94.155−0.054%$160K$645K20xas long as short
Perpl HYPE0.0000%43m94.135−0.076%$23K$327K10xas long as short
Gate HYPE_USDT+0.0002%4h94.191−0.016%$44.6M$59.8M75xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0003%1h94.206long leg$27K—150x
Aster HYPEUSDT+0.0020%4h94.173−0.035%$8.9M$36.1M300xas long as short
Phoenix HYPE+0.0034%1h94.121−0.090%$219K$1.2M10xas long as short
Derive HYPE-PERP+0.0040%1h94.146−0.064%$16.5M$7.3M10xas long as short
MEXC HYPE_USDT+0.0048%4h94.185−0.022%$89.3M$82.7M100xas long as short
Binance HYPEUSDT+0.0049%4h94.185−0.022%$384.2M$893.1M75xas long as short
edgeX HYPEUSDC+0.0059%4h94.004−0.214%$5.1M$29.9M30xas long as short
OKX HYPE-USDT-SWAP+0.0079%8h94.141−0.069%$116.2M$318.6M50xas long as short
Lighter HYPE+0.0096%1h94.223+0.018%$19.2M$59.8M20xas long as short
Lighter RH HYPE+0.0096%1h94.184−0.023%$3.0M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.168−0.040%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h94.165−0.044%$401K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.195−0.011%$342K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.180−0.028%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.147−0.062%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.261+0.058%$2.06B$677.4M10xas long as short
Pacifica HYPE+0.0100%1h94.173−0.035%$10.2M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.204−0.002%$46.7M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.172−0.036%$228.4M$100.9M75xas long as short
BingX HYPE-USDT+0.0100%4h94.152−0.057%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.159−0.050%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h94.149−0.060%$31.5M$54.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.088−0.125%$7.6M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.057−0.158%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.130−0.081%$681K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h94.187−0.020%—$243K5xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h94.186−0.021%$481K$2.5M20x
Bluefin HYPE-PERP+0.0100%1h94.183−0.025%$76K$170K20xas long as short
SunX HYPE-USDT+0.0100%4h94.246+0.042%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.195−0.012%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.151−0.059%$205K$2K10xas long as short
Extended HYPE-USD+0.0104%1h94.174−0.034%$18.8M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.030−0.187%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0198%4h94.138−0.072%$17.0M$12.2M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.301%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h94.210+0.004%$2.8M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0225%8h94.221+0.016%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0251%1h94.167−0.042%$79K$142K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0155%1h94.212+0.006%$1.4M—100xas long as short
HTX HYPE-USDT+0.0415%4h94.349+0.152%$1.5M$6.3M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0429%1h94.289+0.088%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0670%1h94.290+0.089%$21.1M$29.7M50xas long as short