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 22:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h +0.018%
Price spread now: Bullet against 01 Exchange−0.018%50s7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$290.294% of the position
Long on 01 ExchangeShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.021%+$2 on $10k
Price spread, last 3 days (all we have)+0.361%+$36 · spread now −0.018%, 7d avg −0.003%
Together, before fees+0.382%+$38 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. 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
Long01 Exchange HYPEUSD93.223−0.0080get 0.0010% / 1h4m 42s$90K$360K20x
ShortBullet HYPE-USD93.206−0.0042pay 0.0005% / 1h4m 42s$111K$580K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against 01 Exchange. 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
$8.03
Price spread: −0.018% → −0.003%
−$1.53
Slippage, 4 orders
−$14.42
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$22.92
Costs to cover
0.294%
Break-even
27.0 days
Slippage from 01 Exchange: live order book, 19 min ago; Bullet: live order book, 19 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange live order book, 19 min ago0.05 bp6.3 bp −$611.1 bp −$111doesn't fitdoesn't fit
Sell Bullet live order book, 19 min ago0.48 bp9.9 bp −$1014.5 bp −$145doesn'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−0.0840%1h93.256+0.036%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0259%1h93.348+0.134%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0229%1h93.210−0.014%$700K$933K10xas long as short
01 Exchange HYPEUSDlong−0.0080%1h93.223long leg$90K$360K20x
Hotstuff HYPE-PERP−0.0080%1h93.264+0.044%$3K$33125xas long as short
Bullet HYPE-USDshort−0.0042%1h93.206−0.018%$111K$580K20x
Derive HYPE-PERP−0.0035%1h93.193−0.033%$16.3M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.280+0.061%$127K$32K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.300+0.083%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.245+0.024%$23K$335K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.282+0.064%$20K—150xas long as short
Aster HYPEUSDT+0.0010%4h93.263+0.043%$8.9M$35.8M300xas long as short
Gate HYPE_USDT+0.0028%4h93.253+0.032%$43.9M$57.8M75xas long as short
Bybit HYPEUSDT+0.0030%8h93.224+0.001%$324.7M$287.1M75xas long as short
Popdex HYPEUSDT+0.0032%1h93.232+0.010%$56K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0052%4h93.261+0.041%$166K$539K20xas long as short
Phoenix HYPE+0.0068%1h93.279+0.060%$215K$1.2M10xas long as short
Vest HYPE-PERP+0.0082%1h93.259+0.039%—$454K5xas long as short
SoDEX HYPE-USD+0.0084%1h93.243+0.021%$2.0M$2.0M10xas long as short
Bluefin HYPE-PERP+0.0096%1h93.269+0.049%$76K$168K20xas long as short
Lighter HYPE+0.0096%1h93.288+0.070%$18.6M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.265+0.045%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.289+0.071%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.250+0.029%$36K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.243+0.021%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.325+0.109%$2.03B$671.3M10xas long as short
Pacifica HYPE+0.0100%1h93.268+0.048%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.274+0.055%$384.9M$889.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.218−0.005%$114.6M$314.4M50xas long as short
Arcus HYPE-USD+0.0100%1h93.208−0.016%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285+0.067%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.245+0.024%$92.9M$82.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.243+0.021%$46.2M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.244+0.023%$226.5M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.240+0.018%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.289+0.071%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.211−0.013%$29.0M$50.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.304+0.087%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.323+0.107%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.270+0.050%$674K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.265+0.045%$492K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.290+0.072%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.254+0.033%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.209−0.015%$18.4M$41.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.257+0.036%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.268+0.048%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.260+0.040%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.242+0.021%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.737%$31K$291K12xas long as short
HTX HYPE-USDT+0.0295%4h93.433+0.225%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.277+0.057%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.244+0.023%$17.1M$12.4M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0350%1h93.360+0.147%$7.4M$4.6M50xas long as short
RISEx HYPE/USDC+0.0467%1h93.289+0.071%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.404+0.194%$19.5M$26.6M50xas long as short