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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0181%/8h= +19.8% APRnext payment +$0.23 per $10,000 · paid last 24h +0.056%
Price spread now: Injective against Aevo−0.109%7-day average +0.176% · 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 7 days+2.298%+$230 on $10k
Price spread, last 3 days (all we have)+0.153%+$15 · spread now −0.109%, 7d avg +0.176%
Together, before fees+2.450%+$245 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 0.285% cheaper against Aevo than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of +0.176%). If the spread goes back, that is −$28 on $10k: about 5.3 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+2.298% in total) that is about 21 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo HYPE-PERP93.4620.0104pay 0.0013% / 1h47m 12s$398K$318K20x
ShortInjective HYPE/USDC PERP93.3600.0285get 0.0036% / 1h47m 12s$30K$231K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$37.94
Price spread: −0.109% → +0.176%
−$28.48
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$6.55
Costs to cover
0.160%
Break-even
8.2 days
Slippage unknown: Aevo: live order book, 42 min ago; Injective: live order book, 41 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 Aevo live order book, 42 min ago6.65 bp16.8 bp −$1718.3 bp −$18320.3 bp −$2,031doesn't fit
Sell Injective live order book, 41 min ago36.79 bpdoesn't fitdoesn't fitdoesn'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−0.1256%1h93.344−0.126%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0168%1h93.330−0.141%$700K$944K10xas long as short
Aftermath Perps HYPEUSD−0.0165%1h93.409−0.057%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.449−0.013%$89K$344K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.472+0.011%$3K$33125xas long as short
Bullet HYPE-USD−0.0001%1h93.419−0.046%$112K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.504+0.045%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.506+0.048%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.443−0.020%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.465+0.003%$19K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0014%4h93.448−0.014%$8.9M$36.2M300xas long as short
Derive HYPE-PERP+0.0017%1h93.381−0.086%$16.4M$7.1M10xas long as short
Gate HYPE_USDT+0.0028%4h93.396−0.070%$44.2M$56.3M75xas long as short
Bybit HYPEUSDT+0.0041%8h93.375−0.093%$325.6M$287.7M75xas long as short
Phoenix HYPE+0.0068%1h93.408−0.057%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0076%4h93.457−0.005%$180K$536K20xas long as short
ApeX Omni HYPEUSDT+0.0092%1h93.318−0.154%$405K$1.1M50xas long as short
Lighter HYPE+0.0096%1h93.451−0.012%$18.5M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.415−0.050%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.430−0.034%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.480+0.020%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.418−0.046%$6.0M$44.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.467+0.006%$2.03B$669.1M10xas long as short
Pacifica HYPE+0.0100%1h93.4620.000%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.399−0.067%$385.8M$889.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.380−0.087%$114.8M$315.4M50xas long as short
Arcus HYPE-USD+0.0100%1h93.421−0.043%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.135%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.387−0.080%$93.1M$81.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.433−0.031%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.395−0.071%$226.8M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.383−0.084%$54.3Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.423−0.041%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.295−0.178%$28.8M$49.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.407−0.058%$7.5M$46.2M10xas long as short
StandX HYPE-USD+0.0100%1h93.504+0.045%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.486+0.026%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.471+0.010%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.424−0.040%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.469+0.008%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.409−0.056%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.397−0.069%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.473+0.012%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.411−0.054%$18.4M$41.1M50xas long as short
Aevo HYPE-PERPlong+0.0104%1h93.462long leg$398K$318K20x
edgeX HYPEUSDC+0.0108%4h93.395−0.071%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.570+0.116%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0242%1h93.529+0.072%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.426−0.038%$77K$157K15xas long as short
Injective HYPE/USDC PERPshort+0.0285%1h93.360−0.109%$30K$231K12x
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.466+0.005%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.408−0.057%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0391%4h93.650+0.202%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.512+0.054%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.501+0.042%$19.2M$25.9M50xas long as short