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 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Extended against Polymarket Perps+0.078%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$140.137% of the position
Long on Polymarket PerpsShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 7 days+0.047%+$5 · spread now +0.078%, 7d avg +0.020%
Together, before fees+0.116%+ Points / potential airdropExtended: Active · farm board+$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: Extended is 0.059% dearer against Polymarket Perps than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps HYPE-USD93.1390.0100pay 0.0013% / 1h11m 44s$481K$2.5M20x
ShortExtended HYPE-USD93.2120.0104get 0.0013% / 1h11m 44s$18.3M$42.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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: +0.078% → +0.020%
$5.85
Slippage, 4 orders
−$0.67
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$6.97
Costs to cover
0.137%
Break-even
65.1 days
Slippage from Polymarket Perps: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago0.22 bp4.2 bp −$44.4 bp −$4410.7 bp −$1,074doesn't fit
Sell Extended live order book, 2 min ago0.05 bp2.7 bp −$34.5 bp −$4524.8 bp −$2,483doesn'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−0.1000%1h93.101−0.041%$197K$227K7xas long as short
Arcus HYPE-USD−0.0899%1h92.998−0.151%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0134%1h93.040−0.106%$699K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.088−0.055%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.114−0.027%$85K$345K20xas long as short
Aftermath Perps HYPEUSD−0.0050%1h93.224+0.092%$22K$21K10xas long as short
Orderly PERP_HYPE_USDC−0.0049%4h93.120−0.020%$155K$654K20xas long as short
dYdX HYPE-USD0.0000%1h93.241+0.110%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.132−0.008%$23K$319K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.151+0.013%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet HYPE-USD+0.0012%1h93.095−0.047%$111K$579K20xas long as short
Phemex HYPEUSDT+0.0015%8h93.131−0.009%$12.6M$2.7M50xas long as short
Aster HYPEUSDT+0.0018%4h93.225+0.092%$8.8M$35.9M300xas long as short
Phoenix HYPE+0.0026%1h93.156+0.018%$212K$1.2M10xas long as short
BingX HYPE-USDT+0.0036%4h93.234+0.102%—$52.9M—as long as short
Gate HYPE_USDT+0.0044%4h93.223+0.090%$44.6M$55.5M75xas long as short
Bybit HYPEUSDT+0.0047%8h93.227+0.094%$320.7M$277.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h93.230+0.098%$113.7M$299.5M50xas long as short
Derive HYPE-PERP+0.0094%1h93.100−0.042%$16.1M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.243+0.112%$16.2M$62.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.248+0.117%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.101−0.041%$70K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.159+0.022%$339K$162K20xas long as short
MEXC HYPE_USDT+0.0098%4h93.230+0.098%$89.5M$81.2M100xas long as short
Binance HYPEUSDT+0.0098%4h93.237+0.105%$377.0M$880.7M75xas long as short
Katana Perps HYPE-USD+0.0100%8h93.120−0.020%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.095−0.047%$5.8M$43.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.287+0.159%$2.03B$657.5M10xas long as short
Pacifica HYPE+0.0100%1h93.134−0.005%$10.0M$14.8M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.235+0.103%$45.8M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.234+0.102%$225.5M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.115−0.026%$7.3M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.377+0.255%$31.1M$53.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.364+0.241%$7.5M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.292+0.164%$339K$998K50xas long as short
StandX HYPE-USD+0.0100%1h93.148+0.010%$665K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.1390.000%—$243K5xas long as short
Polymarket Perps HYPE-USDlong+0.0100%1h93.139long leg$481K$2.5M20x
Bluefin HYPE-PERP+0.0100%1h93.107−0.034%$79K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.158+0.020%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.125−0.015%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.155+0.017%$203K$10K10xas long as short
Extended HYPE-USDshort+0.0104%1h93.212+0.078%$18.3M$42.9M50x
Aevo HYPE-PERP+0.0104%1h93.121−0.020%$396K$162K20xas long as short
edgeX HYPEUSDC+0.0117%4h93.295+0.168%$5.0M$29.1M30xas long as short
HTX HYPE-USDT+0.0138%4h93.247+0.116%$1.4M$6.0M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.150+0.012%$4.8M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0259%1h93.092−0.051%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0269%8h93.154+0.016%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0156%1h93.137−0.002%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0339%4h93.088−0.055%$17.0M$11.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0394%1h93.217+0.084%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.194+0.059%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.730+0.635%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0687%1h93.182+0.046%$20.7M$29.8M50xas long as short