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 00:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.28 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Variational Omni+0.065%7-day average +0.037% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 3 days (all we have)+0.042%+$4 · spread now +0.065%, 7d avg +0.037%
Together, before fees+0.042%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.028% dearer against Variational Omni than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of +0.037%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE93.5640.0100pay 0.0100% / 8h27m 05s$31.2M$53.9M—
ShortPhemex HYPEUSDT93.6250.0072get 0.0072% / 8h27m 05s$12.8M$2.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
−$5.89
Price spread: +0.065% → +0.037%
$2.8
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$15.09
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Phemex: live order book, 2 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, 2 min ago0.44 bpdoesn't fit3.1 bp −$3118.5 bp −$1,846doesn't fit
Sell Phemex live order book, 2 min ago5.45 bp20.4 bp −$2038.4 bp −$384doesn'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−0.0872%1h93.521−0.047%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0369%1h93.718+0.164%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.497−0.072%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.593+0.031%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0067%1h93.540−0.026%$703K$909K10xas long as short
01 Exchange HYPEUSD−0.0040%1h93.573+0.009%$86K$366K20xas long as short
Derive HYPE-PERP−0.0017%1h93.529−0.038%$16.3M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.663+0.105%$127K$30K5xas long as short
Perpl HYPE0.0000%43m93.575+0.012%$23K$329K10xas long as short
Orderly PERP_HYPE_USDC+0.0002%4h93.617+0.056%$166K$583K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.620+0.060%$26K—150xas long as short
Phoenix HYPE+0.0009%1h93.687+0.131%$214K$1.2M10xas long as short
Aster HYPEUSDT+0.0015%4h93.593+0.030%$8.9M$36.0M300xas long as short
Bybit HYPEUSDT+0.0018%8h93.620+0.060%$321.7M$283.3M75xas long as short
MEXC HYPE_USDT+0.0056%4h93.612+0.051%$87.7M$81.8M100xas long as short
Binance HYPEUSDT+0.0057%4h93.626+0.066%$382.6M$895.6M75xas long as short
edgeX HYPEUSDC+0.0064%4h93.635+0.076%$5.1M$29.7M30xas long as short
Phemex HYPEUSDTshort+0.0072%8h93.625+0.065%$12.8M$2.6M50x
Gate HYPE_USDT+0.0084%4h93.610+0.049%$44.5M$59.1M75xas long as short
Bullet HYPE-USD+0.0090%1h93.576+0.012%$112K$577K20xas long as short
Lighter HYPE+0.0096%1h93.652+0.094%$18.8M$60.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.620+0.060%$3.0M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.589+0.026%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.592+0.030%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.596+0.034%$340K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.550−0.015%$43K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.576+0.012%$5.7M$44.4M10xas long as short
Pacifica HYPE+0.0100%1h93.613+0.052%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.616+0.055%$115.2M$320.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.625+0.065%$204K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.597+0.035%$46.4M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.633+0.073%$226.8M$102.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.612+0.051%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.639+0.080%$7.8M$10.5M20xas long as short
Variational Omni HYPElong+0.0100%8h93.564long leg$31.2M$53.9M—
GRVT HYPE_USDT_Perp+0.0100%4h93.632+0.072%$7.6M$45.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.646+0.087%$346K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.649+0.091%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.639+0.080%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.604+0.042%$490K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.590+0.028%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.615+0.054%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.587+0.024%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.904%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.588+0.025%$18.3M$42.8M50xas long as short
Kalshi KXHYPEPERP+0.0132%8h93.661+0.103%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.670+0.113%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0213%4h93.771+0.221%$1.5M$7.8M75xas long as short
Hyperliquid HYPE+0.0227%1h93.660+0.102%$2.03B$676.4M10xas long as short
BloFin HYPE-USDT+0.0229%4h93.600+0.038%$17.1M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.595+0.032%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.644+0.085%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0337% / S −0.0163%1h93.615+0.054%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0466%1h93.693+0.138%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0579%1h93.674+0.117%$20.9M$29.5M50xas long as short