Settings8H · net · $10k
Funding arb · Price arb /

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0176%/8h= −19.3% APRnext payment $0.22 per $10,000 · paid last 24h −0.053%
Price spread now: Hotstuff against Aevo−0.206%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.206% cheaper against Aevo than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo HYPE-PERP93.6750.0096pay 0.0012% / 1h32m 06s$398K$177K20x
ShortHotstuff HYPE-PERP93.482−0.0080pay 0.0010% / 1h32m 06s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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

Funding earned
−$36.96
Price spread: −0.206% → 0.000%
−$20.62
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$78.58
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Aevo: live order book, 37 min ago; Hotstuff: no order-book sample. 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 Aevo live order book, 37 min ago7.76 bp17.2 bp −$1723.0 bp −$23026.4 bp −$2,639doesn't fit
Sell Hotstuff no order-book sample
Hotstuff: 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 54 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−0.0888%1h93.443−0.248%$196K$231K7xas long as short
Arcus HYPE-USD−0.0786%1h93.522−0.164%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0171%1h93.413−0.280%$22K$21K10xas long as short
Phemex HYPEUSDT−0.0117%8h93.596−0.085%$12.7M$2.7M50xas long as short
Ondo Perps HYPE-USD.P−0.0093%1h93.560−0.123%$698K$988K10xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h93.482−0.206%$3K$33125x
01 Exchange HYPEUSD−0.0064%1h93.662−0.014%$86K$351K20xas long as short
Backpack HYPE_USDC_PERP−0.0059%1h93.619−0.060%$7.8M$10.4M20xas long as short
Orderly PERP_HYPE_USDC−0.0057%4h93.648−0.029%$156K$652K20xas long as short
Gate HYPE_USDT−0.0056%4h93.633−0.045%$44.4M$54.6M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0024%4h93.639−0.038%$8.9M$36.2M300xas long as short
dYdX HYPE-USD0.0000%1h93.622−0.057%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.612−0.067%$22K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.686+0.012%$26K150xas long as short
BingX HYPE-USDT+0.0006%4h93.635−0.043%$53.8Mas long as short
Bybit HYPEUSDT+0.0006%8h93.613−0.066%$321.6M$284.4M75xas long as short
MEXC HYPE_USDT+0.0054%4h93.642−0.035%$88.1M$82.7M100xas long as short
Binance HYPEUSDT+0.0054%4h93.640−0.037%$380.9M$904.2M75xas long as short
edgeX HYPEUSDC+0.0059%4h93.458−0.232%$5.1M$30.0M30xas long as short
Phoenix HYPE+0.0060%1h93.170−0.539%$210K$1.2M10xas long as short
Bullet HYPE-USD+0.0060%1h93.6760.000%$112K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0065%8h93.630−0.048%$115.1M$315.3M50xas long as short
Derive HYPE-PERP+0.0079%1h93.626−0.052%$16.2M$7.7M10xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.646−0.032%$340K$165K20xas long as short
Lighter HYPE+0.0096%1h93.647−0.030%$16.4M$62.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.650−0.027%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.655−0.022%$66K$1.2M50xas long as short
Aevo HYPE-PERPlong+0.0096%1h93.675long leg$398K$177K20x
Katana Perps HYPE-USD+0.0100%8h93.590−0.091%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.641−0.037%$5.7M$45.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.745+0.075%$2.05B$670.4M10xas long as short
Pacifica HYPE+0.0100%1h93.619−0.060%$10.1M$14.8M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.660−0.016%$46.2M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.637−0.041%$226.5M$100.3M75xas long as short
Variational Omni HYPE+0.0100%8h93.411−0.283%$31.0M$54.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.516−0.170%$7.5M$48.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.468−0.221%$338K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.477−0.212%$667K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.666−0.010%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.708+0.035%$469K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.649−0.028%$79K$172K20xas long as short
SunX HYPE-USDT+0.0100%4h93.748+0.078%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.644−0.033%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.348−0.350%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.600−0.080%$18.4M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.740+0.069%$4.9M$5.6M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.490−0.198%$30K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.676+0.001%$2.7M$6.7M20xas long as short
HTX HYPE-USDT+0.0218%4h93.815+0.149%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0254%1h93.667−0.009%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0266%8h93.514−0.172%$1.9M$5.1M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0158%1h93.691+0.017%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0519%1h93.752+0.082%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0680%1h93.731+0.059%$20.9M$30.1M50xas long as short