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Funding arb · Price arb /

HYPE

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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 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: dYdX against Variational Omni+0.081%7-day average +0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.077%−$8 on $10k
Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.081%, 7d avg +0.031%
Together, before fees−0.149%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.050% dearer against Variational Omni than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of +0.031%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE93.2190.0100pay 0.0100% / 8h6h 00m$31.1M$54.3M—
ShortdYdX HYPE-USD93.2940get 0.0000% / 1h0m 39s$128K$31K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$21
Price spread: +0.081% → +0.031%
$4.99
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$26.01
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; dYdX: live order book, 3 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 Variational Omni RFQ quote, 4 min ago0.42 bpdoesn't fit6.4 bp −$6418.8 bp −$1,883doesn't fit
Sell dYdX live order book, 3 min ago1.65 bp6.7 bp −$725.4 bp −$254197.4 bp −$19.7K962.4 bp −$481.2K

HYPE on 54 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−0.1128%1h93.234+0.016%$196K$226K7xas long as short
Arcus HYPE-USD−0.0786%1h93.115−0.111%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.229+0.011%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0065%1h93.220+0.001%$698K$904K10xas long as short
Phemex HYPEUSDT−0.0052%8h93.290+0.077%$12.6M$2.7M50xas long as short
Orderly PERP_HYPE_USDC−0.0051%4h93.258+0.042%$156K$640K20xas long as short
01 Exchange HYPEUSD−0.0040%1h93.227+0.009%$84K$346K20xas long as short
Aftermath Perps HYPEUSD−0.0012%1h93.422+0.218%$22K$21K10xas long as short
Aster HYPEUSDT−0.0003%4h93.228+0.010%$8.8M$35.5M300xas long as short
dYdX HYPE-USDshort0.0000%1h93.294+0.081%$128K$31K5x
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.260+0.044%$22K$321K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.273+0.059%$25K—150xas long as short
BingX HYPE-USDT+0.0012%4h93.226+0.008%—$53.2M—as long as short
Gate HYPE_USDT+0.0014%4h93.216−0.003%$44.4M$55.9M75xas long as short
Bybit HYPEUSDT+0.0016%8h93.180−0.042%$319.6M$276.0M75xas long as short
Backpack HYPE_USDC_PERP+0.0021%1h93.223+0.005%$7.4M$10.4M20xas long as short
Phoenix HYPE+0.0060%1h93.424+0.220%$210K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h93.207−0.013%$114.5M$300.8M50xas long as short
Bullet HYPE-USD+0.0077%1h93.253+0.037%$111K$578K20xas long as short
MEXC HYPE_USDT+0.0078%4h93.223+0.005%$88.0M$83.5M100xas long as short
Binance HYPEUSDT+0.0079%4h93.205−0.015%$379.2M$874.9M75xas long as short
edgeX HYPEUSDC+0.0083%4h93.380+0.173%$5.0M$30.0M30xas long as short
Bluefin HYPE-PERP+0.0094%1h93.201−0.019%$79K$170K20xas long as short
Lighter HYPE+0.0096%1h93.252+0.035%$16.3M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.242+0.025%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.234+0.016%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.271+0.056%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.250+0.034%$12K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.222+0.004%$5.7M$43.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.336+0.126%$2.04B$657.9M10xas long as short
Pacifica HYPE+0.0100%1h93.254+0.038%$10.0M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.335+0.125%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.233+0.015%$46.1M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.223+0.005%$225.6M$96.9M75xas long as short
Variational Omni HYPElong+0.0100%8h93.219long leg$31.1M$54.3M—
GRVT HYPE_USDT_Perp+0.0100%4h93.419+0.215%$7.5M$46.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.390+0.184%$337K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.362+0.154%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.272+0.057%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.286+0.072%$474K$2.4M20xas long as short
Derive HYPE-PERP+0.0100%1h93.233+0.015%$16.2M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.358+0.149%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.237+0.020%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.201−0.019%$18.3M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.254+0.037%$397K$172K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.350+0.141%$4.9M$5.4M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h94.180+1.031%$31K$339K12xas long as short
HTX HYPE-USDT+0.0201%4h93.450+0.248%$1.4M$5.9M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.314+0.102%$3.2M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0256%1h93.234+0.017%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0278%8h93.306+0.094%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.270+0.055%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0415%1h93.349+0.140%$7.4M$4.4M50xas long as short
Kraken Futures PF_HYPEUSD+0.0683%1h93.331+0.120%$20.8M$30.0M50xas long as short