Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.031%

Price spread now: Gate against Aevo+0.028%7-day average −0.024% · 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−$43as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Aevo Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now +0.028%, 7d avg −0.024%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.052% dearer against Aevo than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.024%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	93.521	0.0104	pay 0.0013% / 1h	15m 14s	$398K	$318K	20x
Short	Gate HYPE_USDT	93.547	0.0030	get 0.0015% / 4h	2h 15m	$43.9M	$57.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aevo. 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

Position, each leg$Hold fordaysFee AevobpFee GatebpOrdersPrice spread, now +0.028%Rate

Funding earned: −$15.54
Price spread: +0.028% → −0.024%: $5.17
Slippage, 4 orders: −$16.81
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$58.19
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from Aevo: live order book, 9 min ago; Gate: 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, 9 min ago	4.37 bp	17.1 bp −$17	20.7 bp −$207	25.7 bp −$2,574	doesn't fit
Sell Gate live order book, 4 min ago	0.05 bp	7.7 bp −$8	13.5 bp −$135	29.0 bp −$2,896	51.6 bp −$25.8K

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
Hibachi HYPE/USDT-P	−0.0960%	1h	93.583	+0.066%	$198K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0269%	1h	93.640	+0.127%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0234%	1h	93.500	−0.023%	$702K	$932K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.567	+0.049%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.548	+0.029%	$90K	$346K	20x	as long as short
Bullet HYPE-USD	−0.0028%	1h	93.533	+0.012%	$112K	$582K	20x	as long as short
Derive HYPE-PERP	−0.0021%	1h	93.494	−0.029%	$16.4M	$7.0M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.645	+0.132%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.541	+0.022%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.570	+0.052%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0023%	4h	93.536	+0.016%	$8.9M	$35.8M	300x	as long as short
Gate HYPE_USDTshort	+0.0030%	4h	93.547	+0.028%	$43.9M	$57.4M	75x
Bybit HYPEUSDT	+0.0035%	8h	93.534	+0.014%	$325.8M	$287.0M	75x	as long as short
Popdex HYPEUSDT	+0.0048%	1h	93.533	+0.013%	$59K	$1.2M	50x	as long as short
Orderly PERP_HYPE_USDC	+0.0059%	4h	93.542	+0.022%	$177K	$520K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.603	+0.088%	$216K	$1.2M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.587	+0.071%	$18.5M	$59.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.576	+0.059%	$3.1M	$12.4M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.561	+0.042%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.580	+0.063%	$37K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.530	+0.010%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.649	+0.137%	$2.04B	$670.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.567	+0.049%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.532	+0.012%	$385.9M	$889.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.532	+0.012%	$114.9M	$315.8M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.518	−0.003%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.690	+0.180%	$205K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.544	+0.025%	$93.6M	$82.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.536	+0.016%	$46.4M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.558	+0.039%	$227.3M	$102.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.533	+0.013%	—	$54.3M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.606	+0.091%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.561	+0.042%	$29.2M	$50.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.632	+0.119%	$7.5M	$45.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.601	+0.085%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.628	+0.114%	$677K	$2.5M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.568	+0.050%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.543	+0.023%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.615	+0.100%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.535	+0.015%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.524	+0.003%	$12.7M	$2.6M	50x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.586	+0.069%	—	$454K	5x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.522	+0.001%	$18.3M	$41.2M	50x	as long as short
Aevo HYPE-PERPlong	+0.0104%	1h	93.521	long leg	$398K	$318K	20x
edgeX HYPEUSDC	+0.0107%	4h	93.591	+0.075%	$5.1M	$29.7M	30x	as long as short
Kalshi KXHYPEPERP	+0.0117%	8h	93.616	+0.102%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.640	+0.127%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0246%	1h	93.530	+0.009%	$78K	$158K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0273%	1h	93.658	+0.146%	$7.4M	$4.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.910	+0.416%	$31K	$291K	12x	as long as short
HTX HYPE-USDT	+0.0296%	4h	93.739	+0.233%	$1.5M	$7.6M	75x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.532	+0.012%	$17.0M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0346% / S −0.0171%	1h	93.581	+0.064%	$1.5M	—	100x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.601	+0.086%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0573%	1h	93.638	+0.125%	$19.2M	$26.0M	50x	as long as short