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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.052%
Price spread now: SunX against Hyperliquid+0.040%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$680.679% of the position
Long on HyperliquidShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.057%−$6 on $10k
Price spread, last 3 days (all we have)−0.075%−$7 · spread now +0.040%, 7d avg +0.014%
Together, before fees−0.132%+ Points / potential airdropHyperliquid: Season 2 · 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: SunX is 0.026% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid HYPE93.0690.0100pay 0.0013% / 1h31m 49s$2.02B$670.7M10x
ShortSunX HYPE-USDT93.1060.0100get 0.0050% / 4h1h 31m$32K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Hyperliquid. 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
Price spread: +0.040% → +0.014%
$2.57
Slippage, 4 orders
−$50.89
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$65.32
Costs to cover
0.679%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; SunX: live order book, 3 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 Hyperliquid live order book, 12 min ago0.05 bp5.9 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 3 min ago19.33 bp32.9 bp −$33doesn't fitdoesn't fitdoesn'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
Aftermath Perps HYPEUSD−0.0390%1h93.117+0.052%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0224%1h93.046−0.024%$196K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.029−0.043%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0119%1h93.010−0.063%$698K$924K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.084+0.016%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.051−0.019%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0016%1h93.043−0.028%$57K$1.2M50xas long as short
Aster HYPEUSDT0.0000%4h93.043−0.028%$8.8M$36.0M300xas long as short
dYdX HYPE-USD0.0000%1h93.124+0.059%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.067−0.002%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.068−0.001%$20K—150xas long as short
Bybit HYPEUSDT+0.0025%8h93.040−0.031%$323.0M$287.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0027%4h93.037−0.034%$171K$519K20xas long as short
Bullet HYPE-USD+0.0028%1h93.028−0.044%$111K$579K20xas long as short
Derive HYPE-PERP+0.0028%1h93.004−0.070%$16.2M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.106+0.040%$214K$1.2M10xas long as short
Gate HYPE_USDT+0.0042%4h93.033−0.039%$43.9M$58.2M75xas long as short
MEXC HYPE_USDT+0.0076%4h93.032−0.040%$89.9M$81.9M100xas long as short
Binance HYPEUSDT+0.0077%4h93.037−0.034%$382.3M$894.3M75xas long as short
Lighter HYPE+0.0096%1h93.093+0.025%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.095+0.028%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.095+0.028%$338K$170K20xas long as short
edgeX HYPEUSDC+0.0099%4h93.079+0.010%$5.1M$29.6M30xas long as short
Katana Perps HYPE-USD+0.0100%8h93.110+0.044%$34K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.041−0.030%$5.9M$44.1M10xas long as short
Hyperliquid HYPElong+0.0100%1h93.069long leg$2.02B$670.7M10x
Pacifica HYPE+0.0100%1h93.105+0.039%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.036−0.035%$113.7M$313.7M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.345%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.036−0.035%$47.0M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.046−0.025%$225.5M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.036−0.035%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.049−0.021%$7.8M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.034−0.037%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.144+0.081%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.135+0.071%$412K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.099+0.032%$673K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.070+0.001%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.075+0.006%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.023−0.049%$76K$168K20xas long as short
SunX HYPE-USDTshort+0.0100%4h93.106+0.040%$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.038−0.033%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.064−0.005%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.029−0.043%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.023−0.050%$396K$318K20xas long as short
Kalshi KXHYPEPERP+0.0107%8h93.131+0.067%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.080+0.012%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.070+0.001%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.004−0.070%$77K$158K15xas long as short
HTX HYPE-USDT+0.0247%4h93.200+0.141%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.127+0.063%$2.8M$6.8M20xas long as short
BloFin HYPE-USDT+0.0308%4h93.074+0.005%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h93.067−0.002%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0416%1h93.148+0.085%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.170+0.109%$20.8M$28.9M50xas long as short