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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.001%
Price spread now: StandX against Aevo+0.125%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$450.445% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.125%, 7d avg −0.004%
Together, before fees−0.058%+ Points / potential airdropStandX: Active · farm board−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.129% dearer against Aevo than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo HYPE-PERP93.0940.0104pay 0.0013% / 1h37m 23s$396K$318K20x
ShortStandX HYPE-USD93.2100.0100get 0.0013% / 1h37m 23s$674K$2.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
−$0.84
Price spread: +0.125% → −0.004%
$12.93
Slippage, 4 orders
−$20.53
Fee Aevo: 8 bp × 2 orders
−$16
Fee StandX: 4 bp × 2 orders
−$8
Net
−$32.44
Costs to cover
0.445%
Break-even
never at this rate
Slippage from Aevo: live order book, 47 min ago; StandX: live order book, 1 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 Aevo live order book, 47 min ago4.37 bp17.1 bp −$1720.7 bp −$20725.7 bp −$2,574doesn't fit
Sell StandX live order book, 1 min ago2.79 bp6.8 bp −$77.1 bp −$7113.8 bp −$1,381doesn'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
Aftermath Perps HYPEUSD−0.0362%1h93.223+0.139%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0184%1h93.205+0.119%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.101+0.008%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0103%1h93.150+0.060%$700K$924K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.161+0.072%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0016%1h93.125+0.034%$90K$361K20xas long as short
dYdX HYPE-USD0.0000%1h93.189+0.102%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.125+0.034%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.144+0.054%$23K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.150+0.060%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0008%4h93.125+0.034%$8.9M$36.0M300xas long as short
Bybit HYPEUSDT+0.0027%8h93.110+0.017%$323.2M$286.8M75xas long as short
Orderly PERP_HYPE_USDC+0.0033%4h93.112+0.020%$171K$519K20xas long as short
Phoenix HYPE+0.0034%1h93.374+0.301%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0035%1h93.106+0.013%$111K$579K20xas long as short
Gate HYPE_USDT+0.0038%4h93.102+0.009%$43.8M$57.9M75xas long as short
Derive HYPE-PERP+0.0039%1h93.083−0.011%$16.3M$7.1M10xas long as short
Binance HYPEUSDT+0.0089%4h93.105+0.013%$382.7M$892.5M75xas long as short
MEXC HYPE_USDT+0.0090%4h93.113+0.021%$89.8M$81.8M100xas long as short
Lighter HYPE+0.0096%1h93.189+0.102%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.168+0.080%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.143+0.053%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.150+0.060%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.120+0.028%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.169+0.081%$2.02B$670.1M10xas long as short
Pacifica HYPE+0.0100%1h93.153+0.064%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.101+0.008%$113.8M$313.5M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.318%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.155+0.066%$47.2M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.121+0.029%$225.7M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.117+0.025%$53.8Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.202+0.116%$7.8M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.354+0.280%$29.0M$50.5Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.268+0.187%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.246+0.163%$412K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.210+0.125%$674K$2.5M20x
Vest HYPE-PERP+0.0100%1h93.183+0.096%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.158+0.069%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.116+0.024%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.178+0.090%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.105+0.012%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.153+0.064%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.089−0.005%$18.2M$42.1M50xas long as short
Aevo HYPE-PERPlong+0.0104%1h93.094long leg$396K$318K20x
edgeX HYPEUSDC+0.0106%4h93.228+0.145%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.288+0.209%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.190+0.103%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.070−0.026%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.100+0.007%$78K$158K15xas long as short
HTX HYPE-USDT+0.0259%4h93.300+0.221%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.204+0.119%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0319%1h93.211+0.126%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0336%4h93.252+0.170%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.154+0.065%$1.5M100xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.200+0.114%$20.8M$28.9M50xas long as short