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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: SoDEX against Polymarket Perps−0.063%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Long on Polymarket PerpsShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.020%+$2 on $10k
Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.063%, 7d avg 0.000%
Together, before fees+0.059%+$6 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: SoDEX is 0.063% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps HYPE-USD93.8610.0100pay 0.0013% / 1h4m 56s$474K$2.5M20x
ShortSoDEX HYPE-USD93.8020.0100get 0.0013% / 1h4m 56s$2.0M$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
Price spread: −0.063% → 0.000%
−$6.27
Slippage, 4 orders
−$7.95
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$30.23
Costs to cover
0.240%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; SoDEX: 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 ago1.07 bp5.1 bp −$55.8 bp −$5811.9 bp −$1,188doesn't fit
Sell SoDEX live order book, 4 min ago0.21 bp7.4 bp −$712.4 bp −$12499.9 bp −$9,990doesn'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−0.1112%1h93.814−0.050%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.716−0.154%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0198%1h93.898+0.039%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0097%1h93.810−0.054%$710K$958K10xas long as short
dYdX HYPE-USD−0.0082%1h93.836−0.027%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h93.830−0.033%$85K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.842−0.020%$3K$33125xas long as short
Bullet HYPE-USD−0.0048%1h93.816−0.048%$113K$580K20xas long as short
Phemex HYPEUSDT−0.0047%8h93.811−0.053%$12.8M$2.6M50xas long as short
Orderly PERP_HYPE_USDC−0.0034%4h93.790−0.076%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0022%4h93.804−0.061%$44.4M$60.4M75xas long as short
Perpl HYPE0.0000%43m93.839−0.024%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.852−0.009%$27K—150xas long as short
Aster HYPEUSDT+0.0004%4h93.817−0.047%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0016%1h93.775−0.092%$16.4M$7.6M10xas long as short
Bybit HYPEUSDT+0.0018%8h93.843−0.019%$322.9M$278.8M75xas long as short
Phoenix HYPE+0.0034%1h94.045+0.196%$214K$1.2M10xas long as short
MEXC HYPE_USDT+0.0054%4h93.950+0.095%$88.4M$83.4M100xas long as short
Binance HYPEUSDT+0.0054%4h93.834−0.029%$383.2M$893.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0071%8h93.857−0.004%$116.0M$314.6M50xas long as short
edgeX HYPEUSDC+0.0074%4h93.859−0.002%$5.1M$29.7M30xas long as short
Bluefin HYPE-PERP+0.0077%1h93.786−0.080%$76K$170K20xas long as short
Lighter HYPE+0.0096%1h93.829−0.034%$18.9M$60.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.821−0.043%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.830−0.033%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.805−0.060%$399K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.880+0.020%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.830−0.033%$31K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.843−0.020%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.880+0.020%$2.05B$668.7M10xas long as short
Pacifica HYPE+0.0100%1h93.850−0.012%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.898+0.039%$46.6M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.866+0.005%$227.3M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.809−0.055%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.767−0.100%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.768−0.099%$31.3M$53.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.999+0.147%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.020+0.169%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.866+0.005%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.869+0.009%—$243K5xas long as short
Polymarket Perps HYPE-USDlong+0.0100%1h93.861long leg$474K$2.5M20x
SunX HYPE-USDT+0.0100%4h93.881+0.021%$32K$1.6M20xas long as short
SoDEX HYPE-USDshort+0.0100%1h93.802−0.063%$2.0M$2.0M10x
Bulk HYPE-USD+0.0100%1h93.894+0.035%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.883+0.024%$18.4M$45.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.870+0.010%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.760−0.108%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0216%4h93.818−0.046%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h93.868+0.008%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0245%8h93.899+0.040%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.820−0.044%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0157%1h93.843−0.020%$1.4M—100xas long as short
HTX HYPE-USDT+0.0367%4h94.000+0.148%$1.5M$5.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0400%1h93.903+0.045%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0673%1h93.890+0.031%$20.9M$29.7M50xas long as short