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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0489%/8h= +53.5% APRnext payment +$0.61 per $10,000 · paid last 24h −0.039%
Price spread now: gTrade (Gains Network) against Aftermath Perps+0.283%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 +$15 a day on $10k at the current rate, and gTrade (Gains Network) is 0.283% dearer against Aftermath Perps than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.686−0.0486get 0.0061% / 1h55m 35s$22K$22K10x
ShortgTrade (Gains Network) HYPE/USD93.951L +0.0002% / S −0.0002%get 0.0000% / 1h55m 35s$28K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$102.68
Price spread: +0.283% → 0.000%
$28.29
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$111.97
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Aftermath Perps: no order-book sample; gTrade (Gains Network): no order-book sample. 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 gTrade (Gains Network) no order-book sample
Aftermath Perps and gTrade (Gains Network): 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−0.0520%1h93.829+0.153%$199K$229K7xas long as short
Aftermath Perps HYPEUSDlong−0.0486%1h93.686long leg$22K$22K10x
Arcus HYPE-USD−0.0233%1h93.866+0.192%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.892+0.220%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.912+0.241%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.920+0.250%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDshortL +0.0002% / S −0.0002%1h93.951+0.283%$28K150x
Orderly PERP_HYPE_USDC+0.0014%4h93.930+0.260%$176K$526K20xas long as short
Bybit HYPEUSDT+0.0018%8h93.919+0.249%$324.8M$280.6M75xas long as short
Ondo Perps HYPE-USD.P+0.0020%1h93.830+0.154%$703K$903K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0027%4h93.937+0.268%$8.9M$35.8M300xas long as short
Phoenix HYPE+0.0034%1h93.805+0.127%$215K$1.2M10xas long as short
Gate HYPE_USDT+0.0066%4h93.934+0.265%$44.5M$57.9M75xas long as short
Derive HYPE-PERP+0.0069%1h93.859+0.185%$16.4M$6.9M10xas long as short
MEXC HYPE_USDT+0.0070%4h93.940+0.271%$90.6M$80.3M100xas long as short
Binance HYPEUSDT+0.0070%4h93.933+0.264%$385.6M$885.6M75xas long as short
Phemex HYPEUSDT+0.0070%8h93.916+0.246%$12.8M$2.6M50xas long as short
edgeX HYPEUSDC+0.0078%4h93.744+0.062%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.979+0.313%$19.0M$58.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.958+0.290%$3.1M$12.2M20xas long as short
01 Exchange HYPEUSD+0.0096%1h93.968+0.301%$91K$355K20xas long as short
Popdex HYPEUSDT+0.0096%1h93.925+0.255%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.859+0.185%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.953+0.285%$341K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.940+0.271%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.919+0.249%$5.9M$44.1M10xas long as short
Pacifica HYPE+0.0100%1h93.961+0.294%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.928+0.258%$115.2M$314.8M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.944+0.275%$47.3M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.939+0.270%$227.7M$102.4M75xas long as short
BingX HYPE-USDT+0.0100%4h93.930+0.260%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.942+0.273%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.552−0.143%$30.9M$51.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.616−0.074%$7.5M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.759+0.078%$393K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.862+0.188%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.914+0.243%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.946+0.278%$484K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.901+0.229%$112K$577K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.929+0.259%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.976+0.310%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.937+0.268%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680−0.006%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h93.750+0.068%$30K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.921+0.250%$18.6M$42.0M50xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.978+0.312%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.870+0.196%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0218%1h94.020+0.357%$7.4M$4.5M50xas long as short
HTX HYPE-USDT+0.0222%4h94.088+0.429%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0248%1h93.916+0.245%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0266%4h93.898+0.226%$17.0M$12.3M75xas long as short
RISEx HYPE/USDC+0.0284%1h93.992+0.326%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.897+0.225%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.049+0.387%$21.0M$29.0M50xas long as short
Hyperliquid HYPE+0.0644%1h93.980+0.314%$2.05B$667.7M10xas long as short