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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0413%/8h= +45.2% APRnext payment +$0.52 per $10,000 · paid last 24h +0.030%
Price spread now: Lighter RH against Aftermath Perps+0.204%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 fees+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter RH is 0.204% 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 HYPEUSD93.073−0.0317get 0.0040% / 1h7m 51s$22K$21K10x
ShortLighter RH HYPE93.2630.0096get 0.0012% / 1h7m 51s$3.1M$11.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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
$86.72
Price spread: +0.204% → 0.000%
$20.41
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$98.13
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Aftermath Perps: no order-book sample; Lighter RH: live order book, 6 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 Lighter RH live order book, 6 min ago1.07 bp1.1 bp −$12.4 bp −$2422.2 bp −$2,220doesn'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−0.1824%1h92.940−0.143%$194K$230K7xas long as short
Aftermath Perps HYPEUSDlong−0.0317%1h93.073long leg$22K$21K10x
Arcus HYPE-USD−0.0194%1h93.086+0.014%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.022−0.055%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0050%4h93.179+0.114%$146K$670K20xas long as short
Bullet HYPE-USD−0.0005%1h93.162+0.096%$111K$578K20xas long as short
dYdX HYPE-USD0.0000%1h93.076+0.003%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.202+0.138%$22K$293K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.228+0.166%$62K150xas long as short
Ondo Perps HYPE-USD.P+0.0002%1h93.050−0.025%$700K$1.1M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0016%1h93.155+0.088%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h93.132+0.063%$209K$1.2M10xas long as short
Bybit HYPEUSDT+0.0030%8h93.233+0.172%$317.7M$284.5M75xas long as short
Bitget HYPEUSDT+0.0032%4h93.244+0.184%$225.5M$98.8M75xas long as short
Phemex HYPEUSDT+0.0032%8h93.177+0.112%$12.6M$2.7M50xas long as short
Popdex HYPEUSDT+0.0056%1h93.129+0.060%$76K$1.1M50xas long as short
Gate HYPE_USDT+0.0080%4h93.248+0.188%$45.7M$54.9M75xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.139+0.071%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.256+0.197%$16.1M$62.9M20xas long as short
Lighter RH HYPEshort+0.0096%1h93.263+0.204%$3.1M$11.7M20x
edgeX HYPEUSDC+0.0099%4h93.100+0.029%$4.9M$29.7M30xas long as short
Katana Perps HYPE-USD+0.0099%8h93.090+0.018%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.138+0.070%$6.8M$46.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.292+0.235%$2.03B$664.4M10xas long as short
Aster HYPEUSDT+0.0100%4h93.250+0.190%$8.7M$36.3M300xas long as short
Pacifica HYPE+0.0100%1h93.127+0.058%$10.0M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.255+0.195%$374.2M$909.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.253+0.193%$114.4M$306.0M50xas long as short
Bulk HYPE-USD+0.0100%1h93.125+0.056%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.257+0.198%$92.0M$81.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.238+0.177%$46.2M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.243+0.183%$53.8Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.275+0.217%$7.3M$11.0M20xas long as short
Variational Omni HYPE+0.0100%8h93.028−0.049%$28.6M$56.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.156+0.089%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.126+0.057%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.110+0.040%$665K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.179+0.114%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.168+0.102%$488K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.236+0.175%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.207+0.144%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.257+0.198%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.217+0.155%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.300+0.244%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.230+0.168%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.238+0.178%$394K$164K20xas long as short
Kalshi KXHYPEPERP+0.0121%8h93.319+0.264%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.230+0.169%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.294+0.238%$20.8M$29.4M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.020−0.057%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h93.184+0.120%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.218+0.156%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.029−0.047%$16.8M$11.8M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0522%1h93.313+0.258%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.183+0.118%$3.2M$6.2M20xas long as short