Settings8H · net · $10k
Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0419%/8h= +45.8% APRnext payment +$0.52 per $10,000 · paid last 24h +0.061%
Price spread now: Injective against StandX+0.086%50s7-day average +0.165% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+2.231%+$223 on $10k
Price spread, last 4 days (all we have)−0.308%−$31 · spread now +0.086%, 7d avg +0.165%
Together, before fees+1.923%+ Points / potential airdropStandX: Active · farm board+$192 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.079% cheaper against StandX than usual: you would sell low and buy high (spread +0.086% now, against its 7-day average of +0.165%). If the spread goes back, that is −$8 on $10k: about 15 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+2.231% in total) that is about 6 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.3100.0100pay 0.0013% / 1h8m 30s$667K$2.7M20x
ShortInjective HYPE/USDC PERP93.3900.0519get 0.0065% / 1h8m 30s$30K$339K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against StandX. 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
$87.9
Price spread: +0.086% → +0.165%
−$7.92
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$71.96
Costs to cover
0.080%
Break-even
1.3 days
Slippage unknown: StandX: live order book, just now; Injective: live order book, 56 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy StandX live order book, just now1.02 bp5.0 bp −$55.3 bp −$5316.1 bp −$1,606doesn't fit
Sell Injective live order book, 56 min ago44.26 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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−0.0976%1h93.211−0.106%$197K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h92.930−0.407%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0130%1h93.080−0.246%$698K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.082−0.244%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0078%1h93.224−0.092%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0056%1h93.039−0.290%$85K$345K20xas long as short
Orderly PERP_HYPE_USDC−0.0049%4h93.042−0.287%$154K$654K20xas long as short
dYdX HYPE-USD0.0000%1h93.148−0.173%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.064−0.264%$23K$316K10xas long as short
Phemex HYPEUSDT+0.0001%8h93.163−0.158%$12.6M$2.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.093−0.233%$62K150xas long as short
Bullet HYPE-USD+0.0004%1h93.050−0.278%$111K$579K20xas long as short
Aster HYPEUSDT+0.0022%4h93.067−0.260%$8.8M$35.9M300xas long as short
Phoenix HYPE+0.0026%1h93.210−0.107%$213K$1.2M10xas long as short
BingX HYPE-USDT+0.0036%4h93.068−0.259%$52.9Mas long as short
Gate HYPE_USDT+0.0044%4h93.070−0.257%$44.5M$55.6M75xas long as short
Bybit HYPEUSDT+0.0048%8h93.058−0.270%$320.1M$276.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.046−0.283%$113.5M$298.5M50xas long as short
Derive HYPE-PERP+0.0086%1h93.110−0.214%$16.2M$7.5M10xas long as short
Binance HYPEUSDT+0.0095%4h93.078−0.249%$376.5M$879.9M75xas long as short
Lighter HYPE+0.0096%1h93.105−0.220%$16.2M$62.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.086−0.240%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.036−0.294%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.123−0.200%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.040−0.289%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.047−0.281%$5.8M$43.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.114−0.210%$2.03B$653.5M10xas long as short
Pacifica HYPE+0.0100%1h93.087−0.239%$10.0M$14.8M20xas long as short
MEXC HYPE_USDT+0.0100%4h93.051−0.278%$89.3M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.060−0.268%$45.8M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.037−0.293%$225.0M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.139−0.183%$7.3M$10.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.197−0.121%$31.4M$53.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.289−0.023%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.125−0.198%$338K$998K50xas long as short
StandX HYPE-USDlong+0.0100%1h93.310long leg$667K$2.7M20x
Vest HYPE-PERP+0.0100%1h93.109−0.216%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.084−0.242%$470K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.017−0.314%$79K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.168−0.152%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.137−0.185%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.155−0.166%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.023−0.308%$18.3M$42.8M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.026−0.304%$396K$162K20xas long as short
edgeX HYPEUSDC+0.0104%4h93.205−0.113%$5.0M$28.9M30xas long as short
HTX HYPE-USDT+0.0128%4h93.262−0.051%$1.4M$6.0M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.200−0.118%$4.8M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0259%1h93.037−0.293%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0271%8h93.193−0.125%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0156%1h93.078−0.249%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.118−0.206%$16.9M$11.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0415%1h93.233−0.083%$7.4M$4.3M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.137−0.185%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERPshort+0.0519%1h93.390+0.086%$30K$339K12x
Kraken Futures PF_HYPEUSD+0.0687%1h93.188−0.131%$20.7M$29.8M50xas long as short