Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Backpack against Aevo+0.010%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$620.617% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.010%, 7d avg +0.013%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo HYPE-PERP | 92.802 | 0.0104 | pay 0.0013% / 1h | 54m 43s | $392K | $164K | 20x |
| Short | Backpack HYPE_USDC_PERP | 92.811 | 0.0100 | get 0.0013% / 1h | 54m 43s | $7.4M | $10.0M | 20x |
Aevo HYPE-PERP
Backpack HYPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.010% → +0.013%
- −$0.29
- Slippage, 4 orders
- −$35.69
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$62.82
- Costs to cover
- 0.617%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 4 min ago; Backpack: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Aevo live order book, 4 min ago | 17.65 bp | 25.6 bp −$26 | 25.6 bp −$256 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 4 min ago | 0.05 bp | 5.1 bp −$5 | 7.1 bp −$71 | 42.3 bp −$4,235 | doesn't fit |
HYPE on 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.690 | −0.120% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0800% | 1h | 92.839 | +0.040% | $195K | $227K | 7x | as long as short |
| 01 Exchange HYPEUSD | −0.0128% | 1h | 92.809 | +0.008% | $86K | $351K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0091% | 1h | 92.736 | −0.070% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.869 | +0.072% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0066% | 1h | 92.786 | −0.017% | $111K | $579K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0062% | 4h | 92.802 | 0.000% | $158K | $663K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0030% | 1h | 92.340 | −0.498% | $699K | $1.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.870 | +0.073% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.826 | +0.026% | $23K | $309K | 10x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.835 | +0.035% | $62K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0007% | 4h | 92.831 | +0.031% | $8.7M | $36.2M | 300x | as long as short |
| Derive HYPE-PERP | +0.0010% | 1h | 92.778 | −0.026% | $16.1M | $7.5M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0011% | 8h | 92.809 | +0.008% | $12.5M | $2.7M | 50x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 92.584 | −0.235% | $210K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0030% | 4h | 92.807 | +0.006% | — | $53.2M | — | as long as short |
| Bybit HYPEUSDT | +0.0039% | 8h | 92.780 | −0.023% | $318.5M | $278.9M | 75x | as long as short |
| Gate HYPE_USDT | +0.0052% | 4h | 92.807 | +0.006% | $44.5M | $54.4M | 75x | as long as short |
| ApeX Omni HYPEUSDT | +0.0068% | 1h | 92.356 | −0.480% | $337K | $1.0M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0073% | 8h | 92.788 | −0.015% | $113.3M | $301.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0086% | 4h | 92.789 | −0.014% | $87.8M | $80.1M | 100x | as long as short |
| Binance HYPEUSDT | +0.0086% | 4h | 92.791 | −0.012% | $373.2M | $891.5M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0093% | 8h | 92.813 | +0.012% | $339K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.814 | +0.013% | $16.1M | $61.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.825 | +0.025% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.798 | −0.004% | $68K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 92.820 | +0.020% | $14K | $1.6M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0100% | 4h | 92.417 | −0.415% | $5.0M | $29.1M | 30x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.790 | −0.012% | $5.8M | $43.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.872 | +0.076% | $2.02B | $656.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.823 | +0.023% | $10.0M | $14.9M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.822 | +0.022% | $46.0M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.804 | +0.002% | $224.6M | $97.5M | 75x | as long as short |
| Backpack HYPE_USDC_PERPshort | +0.0100% | 1h | 92.811 | +0.010% | $7.4M | $10.0M | 20x | |
| Variational Omni HYPE | +0.0100% | 8h | 92.820 | +0.019% | $28.4M | $57.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.596 | −0.222% | $7.5M | $45.7M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.779 | −0.025% | $665K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.823 | +0.022% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.828 | +0.028% | $469K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.861 | +0.064% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.794 | −0.008% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.986 | +0.199% | $1.4M | $6.2M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.810 | +0.009% | $202K | $13K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.794 | −0.008% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERPlong | +0.0104% | 1h | 92.802 | long leg | $392K | $164K | 20x | |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 92.730 | −0.077% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.850 | +0.052% | $4.7M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0260% | 1h | 92.789 | −0.014% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0263% | 8h | 92.884 | +0.089% | $1.8M | $5.4M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0326% | 4h | 92.812 | +0.011% | $16.9M | $11.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0153% | 1h | 92.822 | +0.022% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0331% | 1h | 92.870 | +0.073% | $20.7M | $30.3M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0407% | 1h | 92.891 | +0.096% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.885 | +0.090% | $3.2M | $6.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.3594% | 1h | 92.823 | +0.023% | $79K | $169K | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Phemex HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
ApeX Omni HYPEUSDT
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Binance HYPEUSDT
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
edgeX HYPEUSDC
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Bluefin HYPE-PERP