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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 00:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%
Price spread now: Pacifica against Katana Perps+0.200%57s7-day average +0.045% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Katana PerpsShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.016%+$2 on $10k
Price spread, last 7 days−0.212%−$21 · spread now +0.200%, 7d avg +0.045%
Together, before fees−0.195%+ Points / potential airdropPacifica: Active · farm board−$20 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: Pacifica is 0.155% dearer against Katana Perps than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.045%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps HYPE-USD93.4700.0099pay 0.0099% / 8h22m 45s$22K$1.6M10x
ShortPacifica HYPE93.6570.0100get 0.0013% / 1h22m 45s$10.1M$14.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Katana Perps. 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
$0.16
Price spread: +0.200% → +0.045%
$15.49
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$3.86
Costs to cover
0.118%
Break-even
from the start
Slippage unknown: Katana Perps: no order-book sample; Pacifica: 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 Katana Perps no order-book sample—————
Sell Pacifica live order book, 1 min ago0.05 bp4.3 bp −$4doesn't fitdoesn't fitdoesn't fit
Katana Perps: 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−0.0960%1h93.526+0.060%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0383%1h93.594+0.132%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.404−0.071%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0082%1h93.450−0.021%$703K$910K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.507+0.040%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.478+0.009%$86K$366K20xas long as short
Orderly PERP_HYPE_USDC−0.0001%4h93.533+0.067%$168K$586K20xas long as short
dYdX HYPE-USD0.0000%1h93.662+0.205%$127K$30K5xas long as short
Perpl HYPE0.0000%43m93.500+0.032%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.548+0.084%$26K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0006%4h93.592+0.131%$8.9M$36.0M300xas long as short
Phoenix HYPE+0.0009%1h93.618+0.158%$214K$1.2M10xas long as short
Derive HYPE-PERP+0.0011%1h93.491+0.023%$16.3M$7.1M10xas long as short
Bybit HYPEUSDT+0.0017%8h93.640+0.182%$321.9M$283.7M75xas long as short
Binance HYPEUSDT+0.0049%4h93.628+0.170%$382.6M$896.2M75xas long as short
MEXC HYPE_USDT+0.0050%4h93.633+0.174%$87.8M$81.9M100xas long as short
edgeX HYPEUSDC+0.0062%4h93.464−0.007%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0070%8h93.562+0.098%$12.7M$2.6M50xas long as short
Gate HYPE_USDT+0.0074%4h93.553+0.089%$43.9M$59.7M75xas long as short
Popdex HYPEUSDT+0.0080%1h93.498+0.030%$59K$1.2M50xas long as short
Bullet HYPE-USD+0.0092%1h93.508+0.041%$113K$576K20xas long as short
Lighter HYPE+0.0096%1h93.662+0.206%$18.8M$60.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.598+0.137%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.545+0.081%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.674+0.218%$340K$171K20xas long as short
OKX HYPE-USDT-SWAP+0.0099%8h93.665+0.209%$115.3M$321.0M50xas long as short
Katana Perps HYPE-USDlong+0.0099%8h93.470long leg$22K$1.6M10x
Nado HYPE-PERP+0.0100%1h93.489+0.021%$5.7M$44.4M10xas long as short
Pacifica HYPEshort+0.0100%1h93.657+0.200%$10.1M$14.5M20x
Bulk HYPE-USD+0.0100%1h93.625+0.166%$204K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.576+0.113%$46.3M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.608+0.148%$226.8M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.554+0.090%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.574+0.111%$7.8M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.574+0.112%$31.2M$54.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.619+0.159%$7.6M$45.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.485+0.016%$358K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.557+0.093%$676K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.533+0.067%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.530+0.064%$490K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.525+0.059%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.570+0.107%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.548+0.083%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+1.006%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.543+0.078%$18.3M$42.8M50xas long as short
Kalshi KXHYPEPERP+0.0134%8h93.585+0.123%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.610+0.150%$4.9M$5.7M50xas long as short
Hyperliquid HYPE+0.0153%1h93.597+0.136%$2.03B$677.1M10xas long as short
BloFin HYPE-USDT+0.0203%4h93.528+0.062%$17.1M$12.6M75xas long as short
HTX HYPE-USDT+0.0206%4h93.745+0.294%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.503+0.036%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.547+0.082%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0337% / S −0.0163%1h93.537+0.071%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0455%1h93.646+0.188%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0580%1h93.633+0.174%$20.9M$29.5M50xas long as short