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+0.0070%/8h= +7.6% APRpaid last 24h +0.058%
Price spread now: BloFin against SoDEX−0.002%7-day average +0.006% · 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−$31as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Long on SoDEXShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.214%+$21 on $10k
Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.002%, 7d avg +0.006%
Together, before fees+0.181%+$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD93.8500.0100pay 0.0013% / 1h48m 52s$2.0M$2.0M10x
ShortBloFin HYPE-USDT93.8480.0170get 0.0085% / 4h3h 48m$17.0M$12.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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
$14.65
Price spread: −0.002% → +0.006%
−$0.83
Slippage, 4 orders
−$9.68
Fee SoDEX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$15.86
Costs to cover
0.297%
Break-even
14.6 days
Slippage from SoDEX: live order book, 5 min ago; BloFin: live order book, 5 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 SoDEX live order book, 5 min ago0.05 bp6.9 bp −$712.9 bp −$12997.0 bp −$9,698doesn't fit
Sell BloFin live order book, 5 min ago0.64 bp8.8 bp −$911.5 bp −$11518.2 bp −$1,825doesn'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−0.1400%1h93.851+0.001%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.744−0.113%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0287%1h93.941+0.096%$22K$23K10xas long as short
Ondo Perps HYPE-USD.P−0.0165%1h93.8500.000%$705K$928K10xas long as short
Gate HYPE_USDT−0.0118%4h93.822−0.030%$44.3M$59.2M75xas long as short
01 Exchange HYPEUSD−0.0104%1h93.845−0.005%$85K$364K20xas long as short
dYdX HYPE-USD−0.0092%1h93.917+0.071%$128K$29K5xas long as short
Bullet HYPE-USD−0.0091%1h93.832−0.019%$113K$580K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.841−0.010%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0010%4h93.840−0.011%$169K$594K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex HYPEUSDT−0.0007%8h93.860+0.011%$12.8M$2.6M50xas long as short
Derive HYPE-PERP−0.0004%1h93.782−0.073%$16.4M$7.2M10xas long as short
Bybit HYPEUSDT−0.0003%8h93.807−0.046%$322.5M$282.8M75xas long as short
Perpl HYPE0.0000%43m93.843−0.007%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.860+0.011%$27K—150xas long as short
Aster HYPEUSDT+0.0014%4h93.830−0.021%$8.9M$36.1M300xas long as short
Phoenix HYPE+0.0034%1h93.829−0.022%$218K$1.2M10xas long as short
edgeX HYPEUSDC+0.0042%4h93.948+0.104%$5.1M$29.8M30xas long as short
Binance HYPEUSDT+0.0042%4h93.833−0.019%$383.1M$896.2M75xas long as short
MEXC HYPE_USDT+0.0044%4h93.845−0.005%$88.2M$82.0M100xas long as short
Bluefin HYPE-PERP+0.0054%1h93.819−0.033%$76K$171K20xas long as short
Popdex HYPEUSDT+0.0064%1h93.854+0.004%$61K$1.2M50xas long as short
OKX HYPE-USDT-SWAP+0.0082%8h93.810−0.043%$115.8M$320.7M50xas long as short
Lighter HYPE+0.0096%1h93.899+0.052%$18.8M$58.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.869+0.020%$3.0M$12.0M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.853+0.004%$399K$191K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.892+0.045%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.860+0.011%$39K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.834−0.018%$6.6M$44.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.925+0.080%$2.04B$675.9M10xas long as short
Pacifica HYPE+0.0100%1h93.868+0.019%$10.1M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.841−0.010%$46.5M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.859+0.010%$227.6M$101.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.805−0.048%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.875+0.027%$7.7M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.890+0.043%$31.3M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.981+0.139%$7.6M$45.4M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.927+0.082%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.887+0.039%$679K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.861+0.012%$479K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.912+0.066%$32K$1.6M20xas long as short
SoDEX HYPE-USDlong+0.0100%1h93.850long leg$2.0M$2.0M10x
Bulk HYPE-USD+0.0100%1h93.944+0.100%$205K$6K10xas long as short
Vest HYPE-PERP+0.0100%1h93.880+0.032%—$454K5xas long as short
Extended HYPE-USD+0.0104%1h93.809−0.044%$18.4M$42.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.860+0.011%$4.9M$5.5M50xas long as short
BloFin HYPE-USDTshort+0.0170%4h93.848−0.002%$17.0M$12.3M75x
Kalshi KXHYPEPERP+0.0171%8h93.930+0.085%$1.9M$5.1M2.3xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.760−0.096%$30K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.893+0.046%$2.8M$6.8M20xas long as short
Reya HYPERUSDPERP+0.0250%1h93.838−0.013%$79K$146K15xas long as short
HTX HYPE-USDT+0.0330%4h94.050+0.213%$1.5M$6.7M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0157%1h93.867+0.018%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0357%1h93.940+0.096%$7.5M$4.7M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.939+0.095%$21.0M$29.8M50xas long as short