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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0286%/8h= +31.3% APRnext payment +$0.36 per $10,000 · paid last 24h −0.046%
Price spread now: Coinbase International against Aftermath Perps+0.017%7-day average · you sell dearer than you buy
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 feesneeds 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: +$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.364−0.0078get 0.0010% / 1h56m 50s$22K$22K10x
ShortCoinbase International HYPE-PERP-INTX93.3800.0208get 0.0026% / 1h56m 50s$4.9M$5.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$60.08
Price spread: +0.017% → 0.000%
$1.7
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$42.78
Costs to cover
0.190%
Break-even
2.0 days
Slippage unknown: Aftermath Perps: no order-book sample; Coinbase International: live order book, 2 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 Aftermath Perps no order-book sample
Sell Coinbase International live order book, 2 min ago3.21 bp10.1 bp −$1013.7 bp −$13731.9 bp −$3,185doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1360%1h93.304−0.064%$197K$239K7xas long as short
Ondo Perps HYPE-USD.P−0.0175%1h93.260−0.111%$700K$952K10xas long as short
01 Exchange HYPEUSD−0.0104%1h93.315−0.053%$89K$340K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.318−0.049%$3K$33125xas long as short
Aftermath Perps HYPEUSDlong−0.0078%1h93.364long leg$22K$22K10x
Gate HYPE_USDT−0.0002%4h93.297−0.072%$44.1M$56.1M75xas long as short
dYdX HYPE-USD0.0000%1h93.341−0.025%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.419+0.059%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.260−0.111%$24K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.334−0.033%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0005%4h93.290−0.079%$8.9M$36.5M300xas long as short
Popdex HYPEUSDT+0.0016%1h93.305−0.063%$56K$1.2M50xas long as short
Bybit HYPEUSDT+0.0041%8h93.270−0.101%$325.1M$289.1M75xas long as short
Derive HYPE-PERP+0.0058%1h93.260−0.111%$16.4M$7.1M10xas long as short
Orderly PERP_HYPE_USDC+0.0078%4h93.315−0.053%$180K$537K20xas long as short
Bluefin HYPE-PERP+0.0079%1h93.301−0.068%$76K$168K20xas long as short
Bullet HYPE-USD+0.0087%1h93.302−0.067%$112K$583K20xas long as short
Phoenix HYPE+0.0094%1h93.444+0.086%$216K$1.1M10xas long as short
Lighter HYPE+0.0096%1h93.363−0.001%$18.5M$58.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.335−0.031%$3.1M$12.3M20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.360−0.004%$38K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.278−0.093%$6.0M$44.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.361−0.003%$2.03B$674.1M10xas long as short
Pacifica HYPE+0.0100%1h93.299−0.070%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.304−0.065%$386.2M$893.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.263−0.108%$114.6M$316.9M50xas long as short
Arcus HYPE-USD+0.0100%1h93.269−0.102%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.386+0.024%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.300−0.069%$92.2M$81.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.311−0.057%$46.3M$19.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.291−0.078%$226.7M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.280−0.090%$54.5Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.345−0.020%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.466+0.110%$28.9M$50.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.403+0.042%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.402+0.041%$405K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.3640.000%$675K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.359−0.005%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.355−0.010%$493K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.291−0.078%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.296−0.073%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.351−0.014%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0101%8h93.309−0.059%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.290−0.079%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.318−0.049%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0108%4h93.382+0.020%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTXshort+0.0208%1h93.380+0.017%$4.9M$5.7M50x
Reya HYPERUSDPERP+0.0244%1h93.311−0.056%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.220−0.154%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0165%1h93.331−0.036%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.309−0.059%$17.2M$12.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0371%1h93.414+0.053%$7.4M$4.6M50xas long as short
HTX HYPE-USDT+0.0432%4h93.459+0.102%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.379+0.015%$2.7M$6.9M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.440+0.081%$18.7M$24.8M50xas long as short