Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0317%/8h= +34.7% APRpaid last 24h −0.030%

Price spread now: BingX against Aftermath Perps+0.004%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on BingX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps HYPEUSD	93.397	−0.0217	get 0.0027% / 1h	40m 00s	$22K	$22K	10x
Short	BingX HYPE-USDT	93.401	0.0100	get 0.0050% / 4h	2h 40m	—	$54.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aftermath Perps. 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 Aftermath PerpsbpFee BingXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $66.56
Price spread: +0.004% → 0.000%: $0.39
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: $47.95
Costs to cover: 0.190%
Break-even: 2.0 days

Slippage unknown: Aftermath Perps: no order-book sample; BingX: live order book, 4 min ago. Net counts fees only.

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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	0.11 bp	5.1 bp −$5	7.2 bp −$72	12.0 bp −$1,204	18.3 bp −$9,159

Aftermath Perps: 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 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	−0.1200%	1h	93.360	−0.040%	$197K	$233K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0250%	1h	93.330	−0.072%	$700K	$943K	10x	as long as short
Aftermath Perps HYPEUSDlong	−0.0217%	1h	93.397	long leg	$22K	$22K	10x
01 Exchange HYPEUSD	−0.0088%	1h	93.425	+0.030%	$89K	$345K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.404	+0.007%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.398	+0.001%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.404	+0.007%	$23K	$343K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.438	+0.043%	$20K	—	150x	as long as short
Derive HYPE-PERP	+0.0003%	1h	93.363	−0.037%	$16.4M	$7.1M	10x	as long as short
Aster HYPEUSDT	+0.0011%	4h	93.398	0.000%	$8.9M	$35.9M	300x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	+0.0014%	4h	93.410	+0.013%	$44.1M	$56.5M	75x	as long as short
Bullet HYPE-USD	+0.0026%	1h	93.400	+0.003%	$112K	$582K	20x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.400	+0.003%	$325.4M	$287.8M	75x	as long as short
Phoenix HYPE	+0.0068%	1h	93.527	+0.139%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0073%	4h	93.412	+0.016%	$180K	$529K	20x	as long as short
Popdex HYPEUSDT	+0.0088%	1h	93.406	+0.009%	$56K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.461	+0.069%	$18.5M	$59.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.434	+0.039%	$3.1M	$12.3M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.450	+0.056%	$40K	$1.7M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.449	+0.055%	$339K	$171K	20x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.406	+0.009%	$6.0M	$44.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.470	+0.078%	$2.03B	$670.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.430	+0.035%	$10.0M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.398	0.000%	$385.5M	$888.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.376	−0.023%	$114.8M	$315.4M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.389	−0.009%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.403	+0.006%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.410	+0.013%	$92.7M	$82.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.427	+0.032%	$46.3M	$19.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.391	−0.007%	$226.8M	$102.1M	75x	as long as short
BingX HYPE-USDTshort	+0.0100%	4h	93.401	+0.004%	—	$54.2M	—
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.442	+0.048%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.375	−0.023%	$28.9M	$49.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.413	+0.017%	$7.5M	$45.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.428	+0.033%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.428	+0.033%	$675K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.446	+0.052%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.446	+0.052%	$493K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.410	+0.013%	$76K	$169K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.447	+0.053%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.389	−0.009%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.397	0.000%	$12.7M	$2.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0103%	8h	93.527	+0.139%	$1.9M	$5.4M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.360	−0.040%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.371	−0.028%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0117%	4h	93.402	+0.005%	$5.1M	$29.6M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.510	+0.121%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.417	+0.021%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.270	−0.136%	$30K	$231K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0296%	1h	93.507	+0.117%	$7.4M	$4.6M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0164%	1h	93.453	+0.059%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.348	−0.053%	$17.1M	$12.5M	75x	as long as short
HTX HYPE-USDT	+0.0353%	4h	93.575	+0.190%	$1.5M	$7.6M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.477	+0.085%	$2.7M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0573%	1h	93.490	+0.099%	$19.2M	$25.9M	50x	as long as short