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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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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.

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 00:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: SoDEX against gTrade (Gains Network)−0.029%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 SoDEX
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. SoDEX is 0.029% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD94.150L +0.0002% / S −0.0003%pay 0.0000% / 1h38m 17s$27K—150x
ShortSoDEX HYPE-USD94.1230.0100get 0.0013% / 1h38m 17s$2.0M$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: −0.029% → 0.000%
−$2.86
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$0.34
Costs to cover
0.180%
Break-even
7.1 days
Slippage unknown: gTrade (Gains Network): no order-book sample; SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago0.05 bp7.3 bp −$713.0 bp −$130doesn't fitdoesn'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−0.0672%1h93.967−0.194%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0412%1h94.117−0.035%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h94.003−0.156%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.099−0.054%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0016%1h94.010−0.149%$704K$908K10xas long as short
dYdX HYPE-USD0.0000%1h94.120−0.031%$128K$30K5xas long as short
01 Exchange HYPEUSD0.0000%1h94.125−0.026%$87K$365K20xas long as short
Perpl HYPE0.0000%43m94.152+0.002%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0003%1h94.150long leg$27K—150x
Orderly PERP_HYPE_USDC+0.0008%4h94.121−0.031%$164K$579K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0009%1h94.116−0.036%$215K$1.2M10xas long as short
Bybit HYPEUSDT+0.0021%8h94.110−0.042%$324.0M$282.7M75xas long as short
Aster HYPEUSDT+0.0035%4h94.088−0.066%$8.9M$35.9M300xas long as short
Derive HYPE-PERP+0.0052%1h94.062−0.093%$16.5M$7.1M10xas long as short
Phemex HYPEUSDT+0.0059%8h94.071−0.084%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0070%4h94.127−0.024%$88.9M$81.2M100xas long as short
Binance HYPEUSDT+0.0071%4h94.123−0.029%$385.0M$891.2M75xas long as short
edgeX HYPEUSDC+0.0076%4h94.051−0.105%$5.1M$29.8M30xas long as short
Gate HYPE_USDT+0.0080%4h94.123−0.029%$44.6M$58.7M75xas long as short
Lighter HYPE+0.0096%1h94.131−0.020%$19.0M$59.7M20xas long as short
Lighter RH HYPE+0.0096%1h94.111−0.041%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.130−0.021%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h94.131−0.020%$400K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.090−0.063%$342K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.160+0.011%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.124−0.027%$5.7M$44.3M10xas long as short
Pacifica HYPE+0.0100%1h94.120−0.032%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h94.116−0.036%$116.1M$320.1M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.137−0.014%$47.3M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.131−0.020%$228.0M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h94.127−0.024%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.099−0.054%$7.9M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h94.033−0.124%$31.4M$53.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.098−0.055%$7.6M$45.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.049−0.107%$335K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.077−0.077%$680K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h94.142−0.008%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.144−0.006%$492K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h94.112−0.040%$112K$578K20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.125−0.026%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h94.124−0.028%$32K$1.6M20xas long as short
SoDEX HYPE-USDshort+0.0100%1h94.123−0.029%$2.0M$2.0M10x
Bulk HYPE-USD+0.0100%1h94.120−0.032%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.000−0.159%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h94.106−0.046%$18.4M$42.6M50xas long as short
Kalshi KXHYPEPERP+0.0134%8h94.120−0.032%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.200+0.053%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0225%4h94.257+0.114%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0248%1h94.120−0.032%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0283%4h94.068−0.087%$17.0M$12.6M75xas long as short
RISEx HYPE/USDC+0.0284%1h94.159+0.010%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h94.141−0.010%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0419%1h94.229+0.084%$7.4M$4.6M50xas long as short
Hyperliquid HYPE+0.0421%1h94.211+0.065%$2.05B$667.1M10xas long as short
Kraken Futures PF_HYPEUSD+0.0576%1h94.224+0.079%$21.1M$29.2M50xas long as short