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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 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: ApeX Omni against KuCoin−0.053%82s7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as 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−$350.346% of the position
Long on KuCoinShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 7 days+0.004%$0 · spread now −0.053%, 7d avg −0.012%
Together, before fees+0.013%+$1 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: ApeX Omni is 0.041% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPEUSDTM94.1700.0100pay 0.0050% / 4h56m 15s$46.9M$18.6M75x
ShortApeX Omni HYPEUSDT94.1200.0100get 0.0013% / 1h56m 15s$362K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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: −0.053% → −0.012%
−$4.14
Slippage, 4 orders
−$12.65
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$38.79
Costs to cover
0.346%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; ApeX Omni: 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 KuCoin live order book, 3 min ago0.11 bp7.5 bp −$815.9 bp −$159doesn't fitdoesn't fit
Sell ApeX Omni live order book, 3 min ago3.56 bp9.4 bp −$912.8 bp −$128doesn'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
Hibachi HYPE/USDT-P−0.1112%1h94.027−0.152%$201K$235K7xas long as short
Bluefin HYPE-PERP−0.0480%1h94.119−0.054%$79K$155K20xas long as short
Bullet HYPE-USD−0.0365%1h94.122−0.051%$112K$576K20xas long as short
Ondo Perps HYPE-USD.P−0.0259%1h94.070−0.106%$709K$1.2M10xas long as short
Aftermath Perps HYPEUSD−0.0166%1h94.208+0.040%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0136%1h94.156−0.015%$87K$366K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.131−0.041%$3K$33125xas long as short
Arcus HYPE-USD−0.0045%1h94.135−0.037%$1.0M$3.6M10xas long as short
Derive HYPE-PERP−0.0039%1h94.050−0.128%$16.4M$7.5M10xas long as short
Bybit HYPEUSDT−0.0013%8h94.180+0.011%$317.1M$289.5M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0012%4h94.195+0.027%—$53.6M—as long as short
Orderly PERP_HYPE_USDC−0.0006%4h94.137−0.035%$146K$685K20xas long as short
dYdX HYPE-USD0.0000%1h94.176+0.006%$129K$26K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.240+0.074%$1.8M$5.6M2.3xas long as short
Perpl HYPE0.0000%43m94.181+0.012%$19K$287K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S 0.0000%1h94.160−0.011%$117K—150xas long as short
Phoenix HYPE+0.0017%1h94.254+0.089%$208K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h94.191+0.022%$226.6M$100.2M75xas long as short
Phemex HYPEUSDT+0.0054%8h94.166−0.004%$12.8M$2.9M50xas long as short
Paradex HYPE-USD-PERP+0.0059%8h94.202+0.034%$337K$156K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0064%1h94.220+0.053%$4.7M$6.2M50xas long as short
Polymarket Perps HYPE-USD+0.0076%1h94.154−0.017%$495K$2.8M20xas long as short
edgeX HYPEUSDC+0.0087%4h94.094−0.081%$5.0M$30.6M30xas long as short
OKX HYPE-USDT-SWAP+0.0089%8h94.207+0.039%$117.3M$322.9M50xas long as short
Lighter HYPE+0.0096%1h94.178+0.008%$16.3M$63.8M20xas long as short
Lighter RH HYPE+0.0096%1h94.197+0.029%$3.2M$10.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.131−0.041%$79K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.160−0.011%$17K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.130−0.042%$7.3M$50.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.296+0.134%$2.07B$689.3M10xas long as short
Aster HYPEUSDT+0.0100%4h94.217+0.050%$8.8M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h94.192+0.023%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h94.225+0.058%$377.0M$932.9M75xas long as short
Bulk HYPE-USD+0.0100%1h94.065−0.112%$217K$12K10xas long as short
Gate HYPE_USDT+0.0100%4h94.203+0.035%$49.3M$56.1M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.230+0.064%$90.8M$81.8M100xas long as short
KuCoin HYPEUSDTMlong+0.0100%4h94.170long leg$46.9M$18.6M75x
Backpack HYPE_USDC_PERP+0.0100%1h94.166−0.004%$7.6M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h94.059−0.118%$29.1M$55.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.167−0.003%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h94.120−0.053%$362K$1.0M50x
StandX HYPE-USD+0.0100%1h94.133−0.039%$681K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h94.191+0.022%—$243K5xas long as short
SunX HYPE-USDT+0.0100%4h94.180+0.011%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.180+0.011%$2.1M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.303+0.141%$1.4M$6.8M75xas long as short
Extended HYPE-USD+0.0104%1h94.148−0.024%$18.3M$43.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.166−0.004%$398K$159K20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0151% / S +0.0021%1h94.176+0.006%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0175%1h94.260+0.096%$7.4M$4.3M50xas long as short
Injective HYPE/USDC PERP+0.0185%1h94.110−0.064%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0223%1h94.241+0.075%$20.2M$30.3M50xas long as short
RISEx HYPE/USDC+0.0249%1h94.172+0.002%$3.2M$6.4M20xas long as short
Reya HYPERUSDPERP+0.0272%1h94.103−0.071%$82K$134K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.130−0.042%$17.0M$12.4M75xas long as short