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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0161%/8h= +17.6% APRnext payment +$0.20 per $10,000 · paid last 24h +0.070%
Price spread now: Injective against Vest−0.127%7-day average +0.196% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on VestShort on Injective
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.786%+$79 on $10k
Price spread, last 3 days (all we have)+0.134%+$13 · spread now −0.127%, 7d avg +0.196%
Together, before fees+0.920%+ Points / potential airdropVest: Active · farm board+$92 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.323% cheaper against Vest than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of +0.196%). If the spread goes back, that is −$32 on $10k: about 6.7 days of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.786% in total) that is about 31 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP93.2790.0078pay 0.0010% / 1h59m 16s—$454K5x
ShortInjective HYPE/USDC PERP93.1600.0239get 0.0030% / 1h59m 16s$30K$291K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Vest. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$33.73
Price spread: −0.127% → +0.196%
−$32.32
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$0.6
Costs to cover
0.020%
Break-even
7.1 days
Slippage unknown: Vest: no order-book sample; Injective: live order book, 25 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 Vest no order-book sample—————
Sell Injective live order book, 25 min ago15.46 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0768%1h93.294+0.016%$197K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0276%1h93.283+0.005%$22K$22K10xas long as short
Arcus HYPE-USD−0.0131%1h93.201−0.083%$1.2M$4.1M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.214−0.069%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0076%1h93.150−0.138%$701K$932K10xas long as short
Derive HYPE-PERP−0.0037%1h93.209−0.074%$16.4M$7.1M10xas long as short
Bullet HYPE-USD−0.0033%1h93.243−0.038%$111K$580K20xas long as short
dYdX HYPE-USD0.0000%1h93.280+0.001%$127K$32K5xas long as short
01 Exchange HYPEUSD0.0000%1h93.291+0.013%$90K$360K20xas long as short
Kalshi KXHYPEPERP0.0000%8h93.335+0.060%$1.9M$5.3M2.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.251−0.030%$23K$334K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.299+0.022%$20K—150xas long as short
Aster HYPEUSDT+0.0008%4h93.255−0.025%$8.9M$35.8M300xas long as short
Bybit HYPEUSDT+0.0028%8h93.247−0.034%$324.8M$287.2M75xas long as short
Gate HYPE_USDT+0.0036%4h93.273−0.006%$44.0M$56.3M75xas long as short
Orderly PERP_HYPE_USDC+0.0049%4h93.281+0.003%$167K$512K20xas long as short
Phoenix HYPE+0.0068%1h93.358+0.085%$216K$1.2M10xas long as short
Vest HYPE-PERPlong+0.0078%1h93.279long leg—$454K5x
Lighter HYPE+0.0096%1h93.308+0.032%$18.6M$58.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.287+0.009%$3.1M$12.0M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.263−0.017%$57K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.237−0.045%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.260−0.020%$36K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.254−0.026%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.304+0.027%$2.03B$671.9M10xas long as short
Pacifica HYPE+0.0100%1h93.246−0.035%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.269−0.010%$384.8M$889.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.251−0.030%$114.7M$314.7M50xas long as short
Bulk HYPE-USD+0.0100%1h93.271−0.008%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.275−0.004%$92.7M$80.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.263−0.017%$46.2M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.285+0.007%$226.5M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.257−0.023%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.265−0.015%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.252−0.029%$29.1M$50.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.313+0.036%$7.5M$44.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.276−0.003%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.324+0.049%$675K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.297+0.020%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.278−0.001%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.299+0.022%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.265−0.015%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.263−0.017%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.262−0.017%$18.4M$41.8M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.291+0.014%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0111%4h93.275−0.004%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.360+0.087%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERPshort+0.0239%1h93.160−0.127%$30K$291K12x
Reya HYPERUSDPERP+0.0246%1h93.268−0.011%$78K$158K15xas long as short
RISEx HYPE/USDC+0.0280%1h93.301+0.024%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0296%1h93.375+0.103%$7.4M$4.6M50xas long as short
HTX HYPE-USDT+0.0301%4h93.485+0.221%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.291+0.013%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.267−0.012%$17.0M$12.4M75xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.432+0.165%$19.8M$27.0M50xas long as short