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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC+0.0339%/8h= +37.2% APRpaid last 24h −0.053%
Price spread now: Orderly against Aftermath Perps−0.159%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Aftermath PerpsShort on Orderly
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 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Orderly is 0.159% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.159% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 38 hours of funding at the current rate (+$10 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.064−0.0298get 0.0037% / 1h50m 17s$22K$22K10x
ShortOrderly PERP_HYPE_USDC92.9160.0041get 0.0021% / 4h1h 50m$165K$515K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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
$71.29
Price spread: −0.159% → 0.000%
−$15.92
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Orderly: 3 bp × 2 orders
−$6
Net
$40.38
Costs to cover
0.150%
Break-even
3.0 days
Slippage unknown: Aftermath Perps: no order-book sample; Orderly: 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 Orderly no order-book sample—————
Aftermath Perps and Orderly: 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
Aftermath Perps HYPEUSDlong−0.0298%1h93.064long leg$22K$22K10x
Arcus HYPE-USD−0.0131%1h92.956−0.116%$1.2M$4.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.989−0.081%$3K$33125xas long as short
Hibachi HYPE/USDT-P−0.0048%1h92.969−0.102%$196K$231K7xas long as short
01 Exchange HYPEUSD−0.0008%1h92.976−0.095%$90K$365K20xas long as short
Derive HYPE-PERP−0.0002%1h92.860−0.220%$16.3M$7.1M10xas long as short
Aster HYPEUSDT−0.0001%4h92.948−0.125%$8.9M$35.9M300xas long as short
dYdX HYPE-USD0.0000%1h93.009−0.060%$127K$32K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.038−0.028%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m92.956−0.116%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h92.932−0.142%$20K—150xas long as short
Popdex HYPEUSDT+0.0016%1h92.965−0.107%$56K$1.2M50xas long as short
Bybit HYPEUSDT+0.0032%8h92.910−0.166%$323.0M$286.9M75xas long as short
Phoenix HYPE+0.0034%1h93.039−0.027%$215K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0041%1h92.880−0.198%$697K$922K10xas long as short
Orderly PERP_HYPE_USDCshort+0.0041%4h92.916−0.159%$165K$515K20x
Gate HYPE_USDT+0.0058%4h92.915−0.160%$43.9M$57.3M75xas long as short
Bullet HYPE-USD+0.0094%1h92.929−0.145%$112K$579K20xas long as short
Lighter HYPE+0.0096%1h93.067+0.004%$18.5M$58.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.016−0.052%$3.0M$12.1M20xas long as short
Binance HYPEUSDT+0.0098%4h92.935−0.139%$382.4M$891.6M75xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.004−0.064%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h92.980−0.090%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h92.985−0.085%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.005−0.064%$2.02B$670.1M10xas long as short
Pacifica HYPE+0.0100%1h93.028−0.039%$10.0M$14.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.895−0.182%$114.0M$313.7M50xas long as short
Bulk HYPE-USD+0.0100%1h92.884−0.194%$203K$10K10xas long as short
MEXC HYPE_USDT+0.0100%4h92.968−0.103%$90.6M$81.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.994−0.075%$47.1M$19.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.916−0.159%$225.2M$102.9M75xas long as short
BingX HYPE-USDT+0.0100%4h92.895−0.182%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.983−0.087%$7.8M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h92.887−0.190%$28.9M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.245+0.194%$7.5M$44.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.016−0.052%$411K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.968−0.103%$672K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.010−0.058%$492K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.933−0.141%$75K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.019−0.049%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.913−0.162%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h92.980−0.090%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h92.998−0.071%—$454K5xas long as short
Extended HYPE-USD+0.0104%1h92.890−0.187%$18.3M$42.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.912−0.163%$395K$318K20xas long as short
edgeX HYPEUSDC+0.0119%4h93.037−0.029%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h92.950−0.123%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h92.820−0.262%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0246%1h92.961−0.111%$77K$158K15xas long as short
RISEx HYPE/USDC+0.0280%1h93.052−0.013%$2.7M$6.8M20xas long as short
HTX HYPE-USDT+0.0293%4h93.103+0.042%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h92.955−0.118%$1.5M—100xas long as short
BloFin HYPE-USDT+0.0340%4h92.975−0.096%$17.0M$12.4M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0385%1h93.019−0.049%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0467%1h93.040−0.026%$20.7M$28.5M50xas long as short