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 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Bulk against SoDEX+0.131%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Long on SoDEXShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.001%$0 on $10k
Price spread, last 3 days (all we have)−0.158%−$16 · spread now +0.131%, 7d avg +0.042%
Together, before fees−0.157%−$16 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: Bulk is 0.089% dearer against SoDEX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD93.2810.0100pay 0.0013% / 1h42m 23s$2.0M$2.0M10x
ShortBulk HYPE-USD93.4040.0100get 0.0013% / 1h42m 23s$203K$10K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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
$0
Price spread: +0.131% → +0.042%
$8.91
Slippage, 4 orders
−$7.77
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$13.86
Costs to cover
0.228%
Break-even
never at this rate
Slippage from SoDEX: live order book, 2 min ago; Bulk: live order book, 27 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, 2 min ago0.16 bp7.3 bp −$712.1 bp −$121100.1 bp −$10.0Kdoesn't fit
Sell Bulk live order book, 27 min ago0.53 bp4.4 bp −$46.8 bp −$6811.9 bp −$1,19321.5 bp −$10.7K

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−0.0976%1h93.346+0.070%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.001−0.300%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0163%1h93.316+0.038%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0133%1h93.340+0.063%$698K$979K10xas long as short
Backpack HYPE_USDC_PERP−0.0092%1h93.215−0.071%$7.8M$10.4M20xas long as short
01 Exchange HYPEUSD−0.0080%1h93.140−0.151%$84K$361K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.127−0.165%$3K$33125xas long as short
Gate HYPE_USDT−0.0078%4h93.116−0.177%$44.1M$54.1M75xas long as short
Phemex HYPEUSDT−0.0068%8h93.331+0.054%$12.7M$2.7M50xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.107−0.187%$155K$652K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0029%4h93.148−0.143%$8.8M$36.2M300xas long as short
Bluefin HYPE-PERP−0.0023%1h93.083−0.212%$79K$173K20xas long as short
dYdX HYPE-USD0.0000%1h93.166−0.124%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.145−0.146%$22K$333K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.129−0.163%$25K—150xas long as short
Bybit HYPEUSDT+0.0007%8h93.100−0.194%$318.3M$283.4M75xas long as short
BingX HYPE-USDT+0.0018%4h93.102−0.192%—$54.2M—as long as short
Bullet HYPE-USD+0.0038%1h93.099−0.195%$111K$579K20xas long as short
MEXC HYPE_USDT+0.0042%4h93.135−0.157%$87.8M$82.5M100xas long as short
Binance HYPEUSDT+0.0044%4h93.108−0.185%$378.8M$905.2M75xas long as short
edgeX HYPEUSDC+0.0059%4h93.354+0.078%$5.1M$30.0M30xas long as short
Phoenix HYPE+0.0060%1h93.266−0.016%$212K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0063%8h93.130−0.162%$114.7M$314.6M50xas long as short
Derive HYPE-PERP+0.0065%1h93.091−0.204%$16.2M$7.6M10xas long as short
Aevo HYPE-PERP+0.0088%1h93.094−0.200%$396K$177K20xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.201−0.085%$339K$165K20xas long as short
Lighter HYPE+0.0096%1h93.122−0.170%$16.4M$62.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.133−0.159%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.133−0.159%$65K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.160−0.130%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.138−0.153%$6.5M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.229−0.056%$2.03B$675.9M10xas long as short
Pacifica HYPE+0.0100%1h93.153−0.137%$10.0M$14.7M20xas long as short
Bulk HYPE-USDshort+0.0100%1h93.404+0.131%$203K$10K10x
KuCoin HYPEUSDTM+0.0100%4h93.136−0.155%$45.9M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.133−0.159%$225.4M$100.7M75xas long as short
Variational Omni HYPE+0.0100%8h93.241−0.043%$30.9M$55.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.215−0.071%$7.5M$47.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.381+0.107%$337K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.389+0.116%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.206−0.081%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.162−0.128%$466K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.364+0.089%$32K$1.6M20xas long as short
SoDEX HYPE-USDlong+0.0100%1h93.281long leg$2.0M$2.0M10x
Extended HYPE-USD+0.0104%1h93.092−0.203%$18.4M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.400+0.128%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.330+0.053%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0175%4h93.407+0.135%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.177−0.112%$2.7M$6.7M20xas long as short
HTX HYPE-USDT+0.0245%4h93.499+0.234%$1.4M$6.1M75xas long as short
Reya HYPERUSDPERP+0.0254%1h93.133−0.159%$79K$142K15xas long as short
Kalshi KXHYPEPERP+0.0259%8h93.416+0.145%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.137−0.155%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0479%1h93.399+0.126%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0683%1h93.362+0.087%$20.8M$30.0M50xas long as short