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+0.0256%/8h= +28.1% APRnext payment +$0.32 per $10,000 · paid last 24h −0.041%
Price spread now: dYdX against Aftermath Perps+0.038%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
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and dYdX is 0.038% dearer against Aftermath Perps than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.449−0.0256get 0.0032% / 1h35m 00s$22K$22K10x
ShortdYdX HYPE-USD93.4850get 0.0000% / 1h35m 00s$127K$32K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$53.83
Price spread: +0.038% → 0.000%
$3.79
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee dYdX: 5 bp × 2 orders
−$10
Net
$38.62
Costs to cover
0.190%
Break-even
2.0 days
Slippage unknown: Aftermath Perps: no order-book sample; dYdX: live order book, 54 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 dYdX live order book, 54 min ago26.01 bp31.0 bp −$3172.5 bp −$725178.3 bp −$17.8K1004.8 bp −$502.4K
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−0.1104%1h93.433−0.017%$197K$233K7xas long as short
Aftermath Perps HYPEUSDlong−0.0256%1h93.449long leg$22K$22K10x
Ondo Perps HYPE-USD.P−0.0249%1h93.370−0.085%$701K$941K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.512+0.067%$89K$348K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.414−0.038%$3K$33125xas long as short
Bullet HYPE-USD−0.0025%1h93.459+0.011%$112K$583K20xas long as short
Derive HYPE-PERP−0.0003%1h93.437−0.013%$16.4M$7.1M10xas long as short
dYdX HYPE-USDshort0.0000%1h93.485+0.038%$127K$32K5x
Perpl HYPE0.0000%43m93.463+0.015%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.518+0.073%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0012%4h93.512+0.067%$8.9M$35.9M300xas long as short
Gate HYPE_USDT+0.0028%4h93.529+0.085%$44.1M$56.5M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.512+0.067%$325.8M$287.3M75xas long as short
Phoenix HYPE+0.0068%1h93.464+0.016%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0070%4h93.491+0.045%$180K$529K20xas long as short
Popdex HYPEUSDT+0.0080%1h93.485+0.038%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.542+0.099%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.517+0.073%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.462+0.014%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.490+0.044%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.484+0.038%$6.0M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.560+0.119%$2.04B$668.1M10xas long as short
Pacifica HYPE+0.0100%1h93.491+0.045%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.531+0.087%$385.7M$888.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.511+0.066%$114.9M$315.5M50xas long as short
Arcus HYPE-USD+0.0100%1h93.458+0.009%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.403−0.050%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.542+0.099%$92.8M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.498+0.052%$46.4M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.541+0.098%$227.2M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.534+0.091%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.575+0.135%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.402−0.051%$28.9M$49.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.494+0.048%$7.5M$45.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.482+0.035%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.470+0.022%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.497+0.051%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.512+0.067%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.508+0.063%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.531+0.087%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.490+0.044%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.504+0.059%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.506+0.060%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.509+0.064%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.336−0.121%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0116%8h93.598+0.159%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.400−0.053%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.484+0.037%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0274%1h93.585+0.145%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.350−0.106%$30K$231K12xas long as short
HTX HYPE-USDT+0.0338%4h93.662+0.228%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.519+0.075%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.4490.000%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.557+0.116%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.599+0.161%$19.2M$25.9M50xas long as short