Settings8H · net · $10k
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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 04:00 UTC−0.0070%/8h= −7.6% APRpaid last 24h +0.025%
Price spread now: Phemex against Gate+0.039%49s7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$650.649% of the position
Long on GateShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days+0.083%+$8 on $10k
Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.039%, 7d avg +0.030%
Together, before fees+0.060%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.083%, so the current rate has only just turned against you. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.2590.0014pay 0.0007% / 4h2h 01m$44.4M$55.9M75x
ShortPhemex HYPEUSDT93.295−0.0056pay 0.0056% / 8h6h 01m$12.6M$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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
−$14.62
Price spread: +0.039% → +0.030%
$0.81
Slippage, 4 orders
−$37.85
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$78.66
Costs to cover
0.649%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 2 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 Gate live order book, 2 min ago0.05 bp11.6 bp −$1219.0 bp −$19037.6 bp −$3,76559.7 bp −$29.9K
Sell Phemex live order book, 2 min ago6.69 bp20.3 bp −$2035.1 bp −$351doesn't fitdoesn't fit

HYPE on 54 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−0.1128%1h93.234−0.027%$196K$226K7xas long as short
Arcus HYPE-USD−0.0786%1h93.152−0.115%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.296+0.040%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0063%1h93.220−0.042%$698K$904K10xas long as short
Phemex HYPEUSDTshort−0.0056%8h93.295+0.039%$12.6M$2.7M50x
Orderly PERP_HYPE_USDC−0.0052%4h93.284+0.027%$156K$640K20xas long as short
01 Exchange HYPEUSD−0.0040%1h93.279+0.021%$85K$346K20xas long as short
Aftermath Perps HYPEUSD−0.0012%1h93.422+0.174%$22K$21K10xas long as short
Aster HYPEUSDT−0.0001%4h93.271+0.013%$8.8M$35.7M300xas long as short
dYdX HYPE-USD0.0000%1h93.294+0.037%$128K$31K5xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.260+0.001%$22K$321K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.273+0.016%$25K—150xas long as short
BingX HYPE-USDT+0.0012%4h93.261+0.002%—$53.2M—as long as short
Gate HYPE_USDTlong+0.0014%4h93.259long leg$44.4M$55.9M75x
Bybit HYPEUSDT+0.0015%8h93.238−0.023%$319.9M$275.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0019%1h93.271+0.013%$7.4M$10.4M20xas long as short
Phoenix HYPE+0.0060%1h93.424+0.177%$210K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h93.270+0.012%$114.5M$301.0M50xas long as short
Bullet HYPE-USD+0.0077%1h93.253−0.007%$111K$578K20xas long as short
Binance HYPEUSDT+0.0080%4h93.255−0.004%$379.4M$878.4M75xas long as short
MEXC HYPE_USDT+0.0080%4h93.254−0.005%$88.0M$83.5M100xas long as short
edgeX HYPEUSDC+0.0083%4h93.380+0.130%$5.0M$30.0M30xas long as short
Lighter HYPE+0.0096%1h93.293+0.037%$16.3M$62.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.308+0.053%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.261+0.002%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.331+0.077%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.280+0.023%$12K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.293+0.036%$5.7M$43.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.369+0.118%$2.04B$657.9M10xas long as short
Pacifica HYPE+0.0100%1h93.297+0.041%$10.0M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.335+0.081%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.279+0.021%$46.2M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.2590.000%$225.7M$96.9M75xas long as short
Variational Omni HYPE+0.0100%8h93.349+0.096%$31.1M$54.4M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.419+0.172%$7.5M$46.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.390+0.140%$337K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.362+0.110%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.335+0.081%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.286+0.029%$474K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.278+0.020%$79K$170K20xas long as short
Derive HYPE-PERP+0.0100%1h93.268+0.009%$16.2M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.420+0.173%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.302+0.046%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.237−0.023%$18.3M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.317+0.062%$397K$172K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.430+0.183%$4.9M$5.4M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h94.180+0.988%$31K$339K12xas long as short
HTX HYPE-USDT+0.0198%4h93.500+0.258%$1.4M$5.9M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.355+0.102%$3.2M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0256%1h93.234−0.027%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0279%8h93.402+0.153%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.340+0.087%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0425%1h93.385+0.135%$7.4M$4.4M50xas long as short
Kraken Futures PF_HYPEUSD+0.0683%1h93.372+0.122%$20.8M$30.0M50xas long as short