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+0.0293%/8h= +32.1% APRnext payment +$0.37 per $10,000 · paid last 24h −0.031%
Price spread now: Nado against Aftermath Perps−0.002%7-day average · you buy dearer than you sell
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 airdropNado: Active · farm boardneeds 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 HYPEUSD93.399−0.0193get 0.0024% / 1h44m 14s$22K$22K10x
ShortNado HYPE-PERP93.3970.0100get 0.0012% / 1h44m 14s$6.0M$44.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$61.53
Price spread: −0.002% → 0.000%
−$0.16
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$45.36
Costs to cover
0.160%
Break-even
1.8 days
Slippage unknown: Aftermath Perps: no order-book sample; Nado: live order book, 5 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 Nado live order book, 5 min ago0.05 bp3.6 bp −$45.8 bp −$5828.5 bp −$2,851doesn'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−0.1240%1h93.370−0.031%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0218%1h93.330−0.074%$701K$943K10xas long as short
Aftermath Perps HYPEUSDlong−0.0193%1h93.399long leg$22K$22K10x
01 Exchange HYPEUSD−0.0080%1h93.415+0.017%$89K$346K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.388−0.012%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.427+0.030%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.484+0.091%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.394−0.005%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.430+0.033%$19K150xas long as short
Aster HYPEUSDT+0.0013%4h93.390−0.010%$8.9M$36.0M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT+0.0016%4h93.389−0.011%$44.2M$56.3M75xas long as short
Derive HYPE-PERP+0.0017%1h93.355−0.047%$16.4M$7.1M10xas long as short
Bullet HYPE-USD+0.0030%1h93.411+0.012%$112K$583K20xas long as short
Bybit HYPEUSDT+0.0039%8h93.390−0.010%$325.3M$287.9M75xas long as short
Phoenix HYPE+0.0068%1h93.408+0.010%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0074%4h93.412+0.014%$180K$536K20xas long as short
Lighter HYPE+0.0096%1h93.460+0.066%$18.5M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.430+0.033%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.390−0.010%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.520+0.130%$40K$1.7M10xas long as short
Nado HYPE-PERPshort+0.0100%1h93.397−0.002%$6.0M$44.3M10x
Hyperliquid HYPE+0.0100%1h93.469+0.075%$2.04B$669.3M10xas long as short
Pacifica HYPE+0.0100%1h93.391−0.009%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.395−0.004%$385.7M$888.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.391−0.009%$114.8M$315.5M50xas long as short
Arcus HYPE-USD+0.0100%1h93.374−0.027%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.068%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.397−0.002%$93.0M$81.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.411+0.013%$46.3M$19.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.413+0.015%$226.9M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.392−0.008%$54.3Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.415+0.017%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.375−0.025%$28.8M$49.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.445+0.049%$7.5M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.456+0.061%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.481+0.088%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.440+0.044%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.423+0.026%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.402+0.003%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.439+0.043%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.389−0.011%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.407+0.009%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.411+0.013%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.378−0.023%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.405+0.007%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0107%4h93.435+0.038%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.500+0.108%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0232%1h93.499+0.107%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.400+0.001%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.330−0.074%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.443+0.047%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.405+0.006%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0373%4h93.536+0.147%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.462+0.067%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.491+0.099%$19.2M$25.9M50xas long as short