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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 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.023%
Price spread now: ApeX Omni against OKX+0.062%70s7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as 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−$280.285% of the position
Long on OKXShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.063%+$6 on $10k
Price spread, last 7 days−0.117%−$12 · spread now +0.062%, 7d avg +0.001%
Together, before fees−0.054%−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.061% dearer against OKX than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.001%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 18 days. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX HYPE-USDT-SWAP93.7440.0100pay 0.0100% / 8h1h 54m$115.7M$316.6M50x
ShortApeX Omni HYPEUSDT93.8020.0089get 0.0011% / 1h54m 18s$348K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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
−$2.37
Price spread: +0.062% → +0.001%
$6.09
Slippage, 4 orders
−$8.49
Fee OKX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$24.76
Costs to cover
0.285%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; ApeX Omni: live order book, 5 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 OKX live order book, 5 min ago0.05 bp5.2 bp −$58.2 bp −$8219.4 bp −$1,943doesn't fit
Sell ApeX Omni live order book, 5 min ago3.30 bp8.3 bp −$811.4 bp −$114doesn'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−0.1200%1h93.699−0.048%$199K$243K7xas long as short
Aftermath Perps HYPEUSD−0.0272%1h93.953+0.223%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0162%1h93.650−0.100%$707K$1.2M10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.763+0.020%$86K$372K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.750+0.006%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0018%4h93.707−0.039%$149K$681K20xas long as short
Bluefin HYPE-PERP−0.0010%1h93.757+0.014%$79K$166K20xas long as short
dYdX HYPE-USD0.0000%1h93.724−0.021%$129K$29K5xas long as short
Perpl HYPE0.0000%43m93.751+0.008%$22K$285K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.767+0.025%$63K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT+0.0012%4h93.737−0.007%—$53.8M—as long as short
Bybit HYPEUSDT+0.0015%8h93.730−0.015%$316.7M$287.6M75xas long as short
Phoenix HYPE+0.0026%1h93.872+0.137%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.747+0.003%$225.9M$99.5M75xas long as short
Bullet HYPE-USD+0.0042%1h93.743−0.001%$111K$581K20xas long as short
Phemex HYPEUSDT+0.0063%8h93.789+0.048%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0080%4h93.922+0.190%$5.0M$30.4M30xas long as short
Arcus HYPE-USD+0.0084%1h93.674−0.075%$1.0M$4.0M10xas long as short
Paradex HYPE-USD-PERP+0.0088%8h93.680−0.068%$340K$158K20xas long as short
ApeX Omni HYPEUSDTshort+0.0089%1h93.802+0.062%$348K$1.0M50x
Lighter HYPE+0.0096%1h93.653−0.098%$16.1M$63.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.659−0.091%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.760+0.017%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.710−0.036%$20K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.757+0.013%$6.7M$50.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.813+0.074%$2.05B$680.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.739−0.005%$8.9M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h93.676−0.073%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.754+0.011%$375.9M$929.2M75xas long as short
OKX HYPE-USDT-SWAPlong+0.0100%8h93.744long leg$115.7M$316.6M50x
Bulk HYPE-USD+0.0100%1h94.213+0.501%$217K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.732−0.013%$48.3M$54.8M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.756+0.013%$89.0M$83.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.706−0.041%$46.3M$18.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.765+0.022%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.759+0.016%$28.7M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.839+0.101%$7.7M$47.9M10xas long as short
StandX HYPE-USD+0.0100%1h93.798+0.058%$679K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.794+0.054%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.741−0.003%$469K$2.8M20xas long as short
Derive HYPE-PERP+0.0100%1h93.723−0.022%$16.4M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.816+0.077%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.752+0.009%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.961+0.231%$1.4M$6.7M75xas long as short
Extended HYPE-USD+0.0104%1h93.664−0.086%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.735−0.009%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0109%8h93.838+0.100%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.790+0.049%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.740−0.004%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.722−0.023%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.769+0.027%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.752+0.009%$17.0M$12.2M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0358%1h93.843+0.106%$7.4M$4.2M50xas long as short
Kraken Futures PF_HYPEUSD+0.0414%1h93.828+0.090%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.752+0.008%$3.2M$6.4M20xas long as short