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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 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: Polymarket Perps against Variational Omni+0.106%7-day average −0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.013%−$1 on $10k
Price spread, last 7 days−0.048%−$5 · spread now +0.106%, 7d avg −0.020%
Together, before fees−0.061%+ Points / potential airdropVariational Omni: Active · farm board−$6 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: Polymarket Perps is 0.126% dearer against Variational Omni than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE93.0030.0100pay 0.0100% / 8h1h 27m$28.9M$50.6M—
ShortPolymarket Perps HYPE-USD93.1020.0100get 0.0013% / 1h27m 56s$492K$2.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Variational Omni. 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: +0.106% → −0.020%
$12.59
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$4.59
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Polymarket Perps: live order book, 1 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, 1 min ago0.41 bpdoesn't fit3.5 bp −$3511.5 bp −$1,148doesn't fit
Sell Polymarket Perps live order book, 1 min ago1.29 bp6.3 bp −$67.1 bp −$7125.0 bp −$2,499doesn'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
Aftermath Perps HYPEUSD−0.0404%1h93.039+0.039%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0256%1h92.965−0.041%$196K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.049+0.049%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0120%1h93.000−0.004%$698K$927K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.057+0.058%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0032%1h93.092+0.095%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0016%1h93.090+0.093%$58K$1.2M50xas long as short
Aster HYPEUSDT−0.0007%4h92.979−0.026%$8.8M$36.0M300xas long as short
dYdX HYPE-USD0.0000%1h93.108+0.112%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.042+0.041%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.056+0.056%$20K—150xas long as short
Bybit HYPEUSDT+0.0024%8h92.990−0.014%$322.5M$287.3M75xas long as short
Orderly PERP_HYPE_USDC+0.0025%4h93.001−0.003%$171K$518K20xas long as short
Derive HYPE-PERP+0.0033%1h92.972−0.033%$16.2M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.033+0.032%$213K$1.2M10xas long as short
Gate HYPE_USDT+0.0044%4h92.966−0.040%$43.8M$58.5M75xas long as short
Bullet HYPE-USD+0.0047%1h93.047+0.047%$111K$580K20xas long as short
Binance HYPEUSDT+0.0067%4h93.004+0.001%$381.5M$895.4M75xas long as short
MEXC HYPE_USDT+0.0070%4h92.979−0.026%$89.9M$81.9M100xas long as short
edgeX HYPEUSDC+0.0086%4h93.085+0.088%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.034+0.033%$18.5M$58.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.019+0.017%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.007+0.004%$396K$318K20xas long as short
StandX HYPE-USD+0.0096%1h93.000−0.004%$673K$2.5M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.093+0.096%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.090+0.093%$34K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.095+0.099%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.024+0.022%$2.02B$673.2M10xas long as short
Pacifica HYPE+0.0100%1h93.127+0.133%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.002−0.001%$113.6M$314.0M50xas long as short
Bulk HYPE-USD+0.0100%1h93.030+0.029%$203K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.001−0.003%$46.9M$19.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.013+0.010%$225.4M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h92.965−0.041%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.997−0.007%$7.8M$11.1M20xas long as short
Variational Omni HYPElong+0.0100%8h93.003long leg$28.9M$50.6M—
GRVT HYPE_USDT_Perp+0.0100%4h92.981−0.024%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.095+0.099%$412K$1.0M50xas long as short
Vest HYPE-PERP+0.0100%1h93.080+0.082%—$454K5xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h93.102+0.106%$492K$2.5M20x
Bluefin HYPE-PERP+0.0100%1h93.030+0.029%$75K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.064+0.065%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.999−0.005%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h92.990−0.014%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h92.958−0.049%$18.2M$42.1M50xas long as short
Kalshi KXHYPEPERP+0.0110%8h93.092+0.095%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.020+0.018%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h92.880−0.133%$30K$338K12xas long as short
HTX HYPE-USDT+0.0241%4h93.250+0.265%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0247%1h93.029+0.028%$77K$158K15xas long as short
RISEx HYPE/USDC+0.0280%1h93.151+0.159%$2.7M$6.8M20xas long as short
BloFin HYPE-USDT+0.0280%4h92.998−0.006%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h93.060+0.061%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0363%1h93.106+0.110%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.117+0.122%$20.8M$28.9M50xas long as short