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+0.0608%/8h= +66.6% APRpaid last 24h +0.021%
Price spread now: HTX against Aftermath Perps+0.201%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 +$18 a day on $10k at the current rate, and HTX is 0.201% dearer against Aftermath Perps than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.536−0.0275get 0.0034% / 1h30m 10s$22K$22K10x
ShortHTX HYPE-USDT93.7240.0333get 0.0166% / 4h2h 30m$1.5M$7.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$127.65
Price spread: +0.201% → 0.000%
$20.09
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
$126.74
Costs to cover
0.210%
Break-even
0.0 days
Slippage unknown: Aftermath Perps: no order-book sample; HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell HTX live order book, 4 min ago0.43 bp9.8 bp −$1014.6 bp −$14643.9 bp −$4,387doesn'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−0.1064%1h93.496−0.043%$197K$233K7xas long as short
Aftermath Perps HYPEUSDlong−0.0275%1h93.536long leg$22K$22K10x
Ondo Perps HYPE-USD.P−0.0242%1h93.480−0.060%$701K$941K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.559+0.024%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.583+0.050%$89K$347K20xas long as short
Bullet HYPE-USD−0.0028%1h93.511−0.027%$112K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.563+0.029%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.566+0.032%$23K$337K10xas long as short
Derive HYPE-PERP+0.0001%1h93.475−0.065%$16.4M$7.1M10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.551+0.016%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0020%4h93.535−0.001%$9.0M$35.8M300xas long as short
Gate HYPE_USDT+0.0028%4h93.507−0.031%$44.1M$56.6M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.500−0.039%$325.7M$287.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0068%4h93.527−0.010%$175K$536K20xas long as short
Phoenix HYPE+0.0068%1h93.549+0.014%$216K$1.2M10xas long as short
Popdex HYPEUSDT+0.0072%1h93.547+0.012%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.558+0.024%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.540+0.004%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.581+0.048%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.570+0.036%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.546+0.011%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.599+0.067%$2.04B$669.5M10xas long as short
Pacifica HYPE+0.0100%1h93.575+0.042%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.501−0.038%$385.8M$887.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.501−0.038%$114.8M$315.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.538+0.002%$1.2M$4.0M10xas long as short
MEXC HYPE_USDT+0.0100%4h93.506−0.032%$93.5M$82.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.531−0.005%$46.4M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.524−0.013%$227.2M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.510−0.028%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.549+0.014%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.541+0.005%$28.9M$49.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.500−0.038%$7.5M$45.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.572+0.038%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.599+0.067%$677K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.600+0.068%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.594+0.062%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.520−0.017%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.599+0.067%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.505−0.033%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.546+0.011%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.556+0.022%$204K$12K10xas long as short
Extended HYPE-USD+0.0104%1h93.494−0.045%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.550+0.014%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0115%4h93.532−0.005%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0126%8h93.629+0.099%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0145%1h93.615+0.084%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.600+0.068%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.547+0.011%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.490−0.049%$30K$231K12xas long as short
HTX HYPE-USDTshort+0.0333%4h93.724+0.201%$1.5M$7.6M75x
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0164%1h93.563+0.029%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.545+0.010%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.615+0.084%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.608+0.077%$19.2M$26.0M50xas long as short