Settings8H · net · $10k
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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 01:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.041%
Price spread now: Polymarket Perps against Orderly+0.042%7-day average +0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.134%+$13 on $10k
Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.042%, 7d avg +0.003%
Together, before fees+0.110%+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.039% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_HYPE_USDC93.778−0.0008get 0.0004% / 4h3h 55m$169K$594K20x
ShortPolymarket Perps HYPE-USD93.8170.0100get 0.0013% / 1h55m 16s$479K$2.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Orderly. 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
$22.71
Price spread: +0.042% → +0.003%
$3.85
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$12.56
Costs to cover
0.140%
Break-even
3.1 days
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 4 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 Orderly no order-book sample—————
Sell Polymarket Perps live order book, 4 min ago0.05 bp4.6 bp −$55.2 bp −$5211.3 bp −$1,127doesn't fit
Orderly: 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−0.1440%1h93.842+0.069%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.706−0.077%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0317%1h93.953+0.187%$22K$22K10xas long as short
ApeX Omni HYPEUSDT−0.0224%1h93.928+0.160%$340K$1.1M50xas long as short
dYdX HYPE-USD−0.0179%1h93.914+0.145%$128K$30K5xas long as short
Gate HYPE_USDT−0.0128%4h93.776−0.002%$44.6M$58.8M75xas long as short
Ondo Perps HYPE-USD.P−0.0125%1h93.770−0.009%$705K$925K10xas long as short
Bullet HYPE-USD−0.0120%1h93.765−0.014%$112K$579K20xas long as short
01 Exchange HYPEUSD−0.0120%1h93.784+0.006%$86K$365K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.831+0.057%$3K$33125xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0072%8h93.770−0.009%$322.6M$283.5M75xas long as short
Derive HYPE-PERP−0.0013%1h93.721−0.061%$16.4M$7.2M10xas long as short
Orderly PERP_HYPE_USDClong−0.0008%4h93.778long leg$169K$594K20x
Perpl HYPE0.0000%43m93.804+0.028%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.800+0.023%$27K—150xas long as short
Phoenix HYPE+0.0009%1h93.913+0.144%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0011%4h93.789+0.012%$8.9M$36.1M300xas long as short
Popdex HYPEUSDT+0.0032%1h93.779+0.001%$60K$1.2M50xas long as short
Binance HYPEUSDT+0.0039%4h93.771−0.008%$383.1M$897.9M75xas long as short
MEXC HYPE_USDT+0.0042%4h93.770−0.009%$88.0M$81.8M100xas long as short
edgeX HYPEUSDC+0.0062%4h93.918+0.149%$5.1M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0084%8h93.766−0.013%$115.7M$321.4M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.876+0.104%$399K$280K20xas long as short
Lighter HYPE+0.0096%1h93.868+0.096%$18.8M$58.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.851+0.078%$3.1M$12.0M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.860+0.087%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.820+0.045%$42K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.808+0.031%$6.6M$44.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.878+0.107%$2.04B$681.0M10xas long as short
Pacifica HYPE+0.0100%1h93.843+0.069%$10.1M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.792+0.015%$46.4M$18.5M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.765−0.014%$227.1M$101.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.770−0.009%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.879+0.108%$7.7M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.832+0.058%$31.2M$54.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.944+0.177%$7.6M$45.4M10xas long as short
StandX HYPE-USD+0.0100%1h93.836+0.062%$678K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.836+0.062%—$454K5xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h93.817+0.042%$479K$2.5M20x
Bluefin HYPE-PERP+0.0100%1h93.814+0.038%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.879+0.108%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.770−0.009%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.890+0.119%$12.8M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.944+0.177%$205K$6K10xas long as short
Extended HYPE-USD+0.0104%1h93.735−0.046%$18.4M$42.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.890+0.119%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0163%8h93.929+0.161%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0175%4h93.897+0.127%$17.0M$12.5M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.150+0.397%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.849+0.076%$2.8M$6.9M20xas long as short
Reya HYPERUSDPERP+0.0250%1h93.763−0.016%$78K$143K15xas long as short
HTX HYPE-USDT+0.0310%4h94.050+0.290%$1.5M$7.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0336%1h93.871+0.099%$7.4M$4.7M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0157%1h93.804+0.028%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0673%1h93.872+0.101%$21.0M$29.5M50xas long as short