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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 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Aevo against Polymarket Perps−0.087%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Long on Polymarket PerpsShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days+0.059%+$6 on $10k
Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.087%, 7d avg +0.003%
Together, before fees+0.125%+$12 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: Aevo is 0.091% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps HYPE-USD93.2350.0100pay 0.0013% / 1h59m 35s$474K$2.4M20x
ShortAevo HYPE-PERP93.1540.0104get 0.0013% / 1h59m 35s$396K$172K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Polymarket Perps. 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
$0.84
Price spread: −0.087% → +0.003%
−$9.06
Slippage, 4 orders
−$14.4
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$46.63
Costs to cover
0.384%
Break-even
395.6 days
Slippage from Polymarket Perps: live order book, 4 min ago; Aevo: live order book, 4 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 Polymarket Perps live order book, 4 min ago0.21 bp4.2 bp −$45.6 bp −$5611.2 bp −$1,118doesn't fit
Sell Aevo live order book, 4 min ago3.81 bp14.3 bp −$1415.4 bp −$15417.9 bp −$1,795doesn't fit

HYPE on 54 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−0.1128%1h93.234−0.001%$196K$226K7xas long as short
Arcus HYPE-USD−0.0786%1h93.097−0.148%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0254%1h93.090−0.156%$698K$903K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.198−0.040%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.205−0.032%$84K$346K20xas long as short
Orderly PERP_HYPE_USDC−0.0052%4h93.146−0.095%$155K$640K20xas long as short
Phemex HYPEUSDT−0.0045%8h93.193−0.045%$12.6M$2.7M50xas long as short
Aster HYPEUSDT−0.0006%4h93.190−0.048%$8.8M$35.5M300xas long as short
Aftermath Perps HYPEUSD−0.0003%1h93.396+0.173%$22K$21K10xas long as short
dYdX HYPE-USD0.0000%1h93.189−0.049%$128K$31K5xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.200−0.038%$22K$321K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.171−0.069%$25K—150xas long as short
BingX HYPE-USDT+0.0012%4h93.211−0.026%—$53.2M—as long as short
Bybit HYPEUSDT+0.0016%8h93.192−0.046%$319.6M$275.9M75xas long as short
Gate HYPE_USDT+0.0018%4h93.192−0.046%$44.4M$54.0M75xas long as short
Backpack HYPE_USDC_PERP+0.0023%1h93.134−0.108%$7.4M$10.4M20xas long as short
Phoenix HYPE+0.0060%1h93.424+0.203%$210K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h93.220−0.016%$114.4M$300.6M50xas long as short
MEXC HYPE_USDT+0.0078%4h93.223−0.013%$88.0M$79.6M100xas long as short
Binance HYPEUSDT+0.0078%4h93.222−0.014%$379.2M$875.1M75xas long as short
Bullet HYPE-USD+0.0079%1h93.155−0.086%$112K$578K20xas long as short
edgeX HYPEUSDC+0.0083%4h93.380+0.156%$5.0M$30.0M30xas long as short
Bluefin HYPE-PERP+0.0085%1h93.109−0.135%$79K$170K20xas long as short
Lighter HYPE+0.0096%1h93.241+0.007%$16.3M$61.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.232−0.003%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.234−0.001%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.263+0.030%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.210−0.027%$12K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.222−0.013%$5.7M$43.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.305+0.075%$2.04B$658.5M10xas long as short
Pacifica HYPE+0.0100%1h93.243+0.008%$10.0M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.335+0.107%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.226−0.010%$46.1M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.204−0.033%$225.5M$96.7M75xas long as short
Variational Omni HYPE+0.0100%8h93.219−0.017%$31.1M$54.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.419+0.197%$7.5M$46.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.390+0.166%$337K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.362+0.136%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.272+0.039%—$243K5xas long as short
Polymarket Perps HYPE-USDlong+0.0100%1h93.235long leg$474K$2.4M20x
Derive HYPE-PERP+0.0100%1h93.137−0.105%$16.2M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.253+0.019%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.156−0.085%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.178−0.061%$18.3M$43.6M50xas long as short
Aevo HYPE-PERPshort+0.0104%1h93.154−0.087%$396K$172K20x
Coinbase International HYPE-PERP-INTX+0.0136%1h93.200−0.038%$4.9M$5.4M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h94.180+1.014%$31K$339K12xas long as short
HTX HYPE-USDT+0.0204%4h93.350+0.123%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0256%1h93.150−0.092%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0278%8h93.241+0.006%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.178−0.061%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0372%1h93.248+0.014%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.278+0.046%$3.2M$6.7M20xas long as short
Kraken Futures PF_HYPEUSD+0.0684%1h93.244+0.010%$20.8M$30.0M50xas long as short