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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+0.0262%/8h= +28.7% APRnext payment +$0.33 per $10,000 · paid last 24h +0.033%
Price spread now: StandX against Ondo Perps+0.158%7-day average −0.001% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.140%+$14 on $10k
Price spread, last 7 days−0.112%−$11 · spread now +0.158%, 7d avg −0.001%
Together, before fees+0.027%+ Points / potential airdropOndo Perps: Active · StandX: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and StandX is 0.159% dearer against Ondo Perps than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.001%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps HYPE-USD.P93.650−0.0162get 0.0020% / 1h54m 06s$707K$1.2M10x
ShortStandX HYPE-USD93.7980.0100get 0.0013% / 1h54m 06s$679K$2.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$55.1
Price spread: +0.158% → −0.001%
$15.9
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee StandX: 4 bp × 2 orders
−$8
Net
$58
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; StandX: live order book, 5 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 StandX live order book, 5 min ago1.28 bp5.3 bp −$55.5 bp −$5513.7 bp −$1,365doesn'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
Hibachi HYPE/USDT-P−0.1200%1h93.699+0.052%$199K$243K7xas long as short
Aftermath Perps HYPEUSD−0.0272%1h93.953+0.323%$22K$21K10xas long as short
Ondo Perps HYPE-USD.Plong−0.0162%1h93.650long leg$707K$1.2M10x
01 Exchange HYPEUSD−0.0080%1h93.763+0.121%$86K$372K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.750+0.107%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0018%4h93.707+0.061%$149K$681K20xas long as short
Bluefin HYPE-PERP−0.0010%1h93.757+0.114%$79K$166K20xas long as short
dYdX HYPE-USD0.0000%1h93.724+0.079%$129K$29K5xas long as short
Perpl HYPE0.0000%43m93.751+0.108%$22K$285K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.767+0.125%$63K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT+0.0012%4h93.802+0.162%—$53.8M—as long as short
Bybit HYPEUSDT+0.0015%8h93.780+0.139%$316.9M$287.6M75xas long as short
Phoenix HYPE+0.0026%1h93.872+0.237%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.800+0.160%$226.0M$99.5M75xas long as short
Bullet HYPE-USD+0.0042%1h93.743+0.099%$111K$581K20xas long as short
Phemex HYPEUSDT+0.0070%8h93.781+0.140%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0080%4h93.922+0.290%$5.0M$30.4M30xas long as short
Arcus HYPE-USD+0.0084%1h93.674+0.026%$1.0M$4.0M10xas long as short
Paradex HYPE-USD-PERP+0.0088%8h93.680+0.032%$340K$158K20xas long as short
ApeX Omni HYPEUSDT+0.0089%1h93.802+0.162%$348K$1.0M50xas long as short
Lighter HYPE+0.0096%1h93.735+0.091%$16.1M$63.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.753+0.110%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.760+0.117%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.710+0.064%$20K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.757+0.114%$6.7M$50.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.836+0.199%$2.05B$681.1M10xas long as short
Aster HYPEUSDT+0.0100%4h93.741+0.097%$8.9M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h93.676+0.028%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.736+0.092%$375.9M$929.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.779+0.138%$115.8M$316.7M50xas long as short
Bulk HYPE-USD+0.0100%1h94.213+0.602%$217K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.803+0.163%$48.4M$54.8M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.762+0.120%$89.0M$83.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.735+0.091%$46.3M$18.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.778+0.137%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.759+0.116%$28.7M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.839+0.202%$7.7M$47.9M10xas long as short
StandX HYPE-USDshort+0.0100%1h93.798+0.158%$679K$2.8M20x
Vest HYPE-PERP+0.0100%1h93.794+0.154%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.741+0.097%$469K$2.8M20xas long as short
Derive HYPE-PERP+0.0100%1h93.723+0.078%$16.4M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.816+0.177%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.740+0.096%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.895+0.262%$1.4M$6.7M75xas long as short
Extended HYPE-USD+0.0104%1h93.718+0.073%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.735+0.091%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.730+0.085%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.760+0.117%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.740+0.096%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.722+0.077%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.769+0.127%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.752+0.109%$17.0M$12.2M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0358%1h93.843+0.206%$7.4M$4.2M50xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.808+0.169%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.752+0.108%$3.2M$6.4M20xas long as short