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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0364%/8h= +39.8% APRnext payment +$0.45 per $10,000 · paid last 24h +0.080%
Price spread now: Injective against Ondo Perps+0.118%7-day average +0.260% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days+2.415%+$242 on $10k
Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.118%, 7d avg +0.260%
Together, before fees+2.298%+ Points / potential airdropOndo Perps: Active · farm board+$230 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.142% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.118% now, against its 7-day average of +0.260%). If the spread goes back, that is −$14 on $10k: about 31 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+2.415% in total) that is about 10 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps HYPE-USD.P93.310−0.0125get 0.0016% / 1h13m 08s$699K$934K10x
ShortInjective HYPE/USDC PERP93.4200.0239get 0.0030% / 1h13m 08s$30K$338K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Ondo Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$76.34
Price spread: +0.118% → +0.260%
−$14.24
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$57.07
Costs to cover
0.050%
Break-even
1.8 days
Slippage unknown: Ondo Perps: no order-book sample; Injective: live order book, 6 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 Ondo Perps no order-book sample—————
Sell Injective live order book, 6 min ago9.65 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Ondo 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
Aftermath Perps HYPEUSD−0.0447%1h93.240−0.076%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0352%1h93.222−0.094%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.238−0.077%$1.2M$3.9M10xas long as short
Ondo Perps HYPE-USD.Plong−0.0125%1h93.310long leg$699K$934K10x
Hotstuff HYPE-PERP−0.0080%1h93.373+0.068%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.321+0.012%$90K$360K20xas long as short
dYdX HYPE-USD0.0000%1h93.388+0.083%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.285−0.027%$57K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.303−0.007%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.325+0.016%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0003%4h93.344+0.036%$8.9M$35.8M300xas long as short
Orderly PERP_HYPE_USDC+0.0019%4h93.329+0.020%$172K$519K20xas long as short
Bybit HYPEUSDT+0.0022%8h93.3100.000%$323.2M$283.8M75xas long as short
Phoenix HYPE+0.0034%1h93.249−0.065%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0041%1h93.295−0.016%$112K$578K20xas long as short
Derive HYPE-PERP+0.0047%1h93.257−0.057%$16.3M$7.0M10xas long as short
Gate HYPE_USDT+0.0060%4h93.330+0.021%$44.0M$58.7M75xas long as short
MEXC HYPE_USDT+0.0064%4h93.328+0.019%$90.2M$82.3M100xas long as short
Binance HYPEUSDT+0.0067%4h93.315+0.005%$382.0M$893.5M75xas long as short
edgeX HYPEUSDC+0.0085%4h93.171−0.148%$5.1M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.371+0.065%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.352+0.045%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.315+0.005%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.352+0.045%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.260−0.054%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.347+0.040%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.348+0.041%$2.03B$669.8M10xas long as short
Pacifica HYPE+0.0100%1h93.344+0.036%$10.0M$14.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.322+0.013%$114.2M$313.4M50xas long as short
Bulk HYPE-USD+0.0100%1h93.232−0.083%$204K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.322+0.013%$47.0M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.331+0.023%$226.4M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.321+0.012%—$53.7M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.339+0.031%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.203−0.114%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.199−0.119%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.153−0.168%$414K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.269−0.044%$675K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.323+0.014%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.304−0.006%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.298−0.013%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.349+0.042%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.3100.000%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.278−0.034%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.281−0.031%$18.2M$41.7M50xas long as short
Kalshi KXHYPEPERP+0.0119%8h93.367+0.061%$1.9M$5.2M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.440+0.139%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0229%4h93.513+0.218%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERPshort+0.0239%1h93.420+0.118%$30K$338K12x
Reya HYPERUSDPERP+0.0247%1h93.279−0.033%$77K$159K15xas long as short
BloFin HYPE-USDT+0.0268%4h93.316+0.006%$16.8M$12.4M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.341+0.033%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.318+0.008%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0371%1h93.407+0.104%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.439+0.139%$20.9M$29.0M50xas long as short